FiCO Pan-United Signs 2022-2024 Cooperation Agreement with Novaland

FiCO Pan-United Signs 2022-2024 Cooperation Agreement with Novaland

  • To provide sustainable concrete solutions to Novaland from 2022 to 2024
  • Completes first of two onsite concrete batching plants to supply 700,000 m3 of ready-mix concrete to Novaland’s Aqua City integrated development over 2.5 years

Vietnam, 6 January 2022 – FiCO Pan-United Concrete Joint Stock Company (“FiCO PanU”), a subsidiary of Singapore-listed Pan-United Corporation Ltd, has strengthened its longstanding working relationship with Novaland Group (“Novaland”) with the signing of a 2022-2024 cooperation agreement. This will see FiCO PanU providing sustainable concrete solutions to Novaland, a leading prestigious brand in the real estate investment and development industry in Vietnam.

Under the terms of the agreement, FiCO PanU will construct two onsite batching plants at the site of Aqua City, a large-scale smart eco-urban integrated development in Dong Nai province undertaken by Novaland, by 2022. Collectively, the two plants will supply about 700,000 m3 of ready-mix concrete to the Aqua City project over a two-and-a-half-year period. FiCO PanU has commissioned the first plant in December 2021.

Located in Bien Hoa, Dong Nai, the Aqua City project comprises residential units and high-end amenities such as schools, hospitals, a sports complex, a shopping and entertainment complex, among others.

The convenient location of the batching plants onsite will facilitate the efficient and timely supply of concrete. This will also minimise fuel, energy and water use across the project operations and reduce embodied carbon emissions associated with the delivery of raw materials. Additionally, it allows the construction site to benefit from a continuous supply of concrete and ensures the efficient progress of the project, to meet project completion deadlines.

FiCO PanU will develop high-quality concrete and high-performance low-carbon mortar using its PanU CarbonCureTM Carbon Capture and Utilisation (CCU) technologies over the period, first, for the Aqua City integrated development, and subsequently, for other Novaland developments.

Steven Loh, General Director of FiCO PanU, said, “The cooperation agreement attests to the strong and longstanding relationship we have built with Novaland. We look forward to playing a meaningful role in the development of the iconic Aqua City and to fulfilling our commitments to Novaland developments in Ho Chi Minh City and Dong Nai. This partnership also highlights our shared commitment towards sustainable building development needs for the Vietnamese market and our contributions to the achievement of Vietnam’s stated goal of net-zero carbon emissions in 2050.”

FiCO PanU and Novaland have an established working relationship spanning more than ten years. FiCO PanU has supplied ready-mix concrete required for foundation uses to building constructions for diverse Novaland projects across Ho Chi Minh City in Districts 1, 2, 4 and 7, as well as in Phu Nhuan, Tan Binh, Go Vap.


About FiCO Pan-United Concrete Joint Stock Company
FiCO Pan-United Concrete Joint Stock Company (FiCO PanU) began operations in 2011 as a joint venture between the Singapore-based Pan-United Group (Pan-United) and Vietnam’s FiCO Corporation. Today, FiCO PanU is the leading concrete brand name in Ho Chi Minh City with a combined capacity of 840 m3 per hour, operating from seven batching plants in Hiep Phuoc , Thu Duc City and Dong Nai.

FiCO PanU has a diverse track record of supplying iconic projects in Ho Chi Minh City which includes the new Metro Line One (Opera House station and rail track works), Landmark 81, Spirit of Saigon (One Central), Saigon Centre, Vivo City, Empire City, Thu Thiem Bridge 2. Its in-house research and development team is conducting extensive research on sustainable and durable concrete and high performance wet mortar solutions for construction needs in Vietnam.

Pan-United is Singapore’s largest supplier of ready mix concrete and cement. The Group offers customised concrete solutions to meet the specific needs of customers. It has a range of over 300 specialised concrete products developed in-house, many of which were created in partnership with its customers.

For more information, please visit:

About Novaland Group

Novaland Group – a key member of NovaGroup’s ecosystem – is a leading prestigious brand in the field of real estate investment and development in Vietnam. Through a journey of 29 years of establishment and development, Novaland currently owns a portfolio of nearly 50 housing projects and tourism real estate projects, with a variety of products such as apartments, villas, townhouses. commercial, 24-hour office block, second home, branded resort villas.

Novaland continues to implement phase 2 development strategy, focusing on the main industry of real estate in the high-end segment. The total land bank accumulated and being researched and developed for Novaland is currently about 5,400 hectares, for three main product lines, including: residential real estate in Ho Chi Minh City and neighboring provinces; large-scale residential hospitality real estate in cities with tourism potential and industrial real estate.

Being listed in VN30 and also listed on the Singapore Exchange Limited (SGX), Novaland is one of Vietnam’s most prestigious brands in the international capital market, receiving disbursements from esteemed banks and financial organizations.

For more information, please visit:


For media queries, please contact us at

Our website uses cookies to help improve our services to you. By continuing to browse the site, you agree to our Privacy Policy and our Terms of Use
View more
Cookies settings
Privacy & Cookie policy
Privacy & Cookies policy
Cookie name Active

Privacy Statement

Last Revised: 23 Mar 2020

This Privacy Statement is designed to assist you in understanding how we at PanU (Pan-United Corporation Ltd or the Group) and Singapore-based affiliates we own or control (we, us or our) collect, use, and/or disclose the personal data you have provided to us in accordance with the requirements of the Singapore Personal Data Protection Act (No. 26 of 2012) (“PDPA”). In this Privacy Statement, “personal data” used or mentioned shall have the meaning ascribed to it under the PDPA.

We hope that this Privacy Statement can help you make an informed decision before you provide us with the necessary personal data.

Introduction to the PDPA

“Personal Data” is defined under the PDPA as data, whether true or not, about an individual who can be identified from such data. It also applies to data and other information to which we have, or are likely to have access. Examples of personal information you may provide to us include (depending on the nature of your interaction with us) your name, identification numbers, contact information, photographs and any other information relating to either yourself or any other individuals which you have provided in any forms submitted to us or via other forms of interaction.

We will let you know why we are asking you for your personal data and obtain your consent before we collect, use or disclose, unless the processing of your personal data without your consent is permitted by the PDPA or by law.

Purposes for Collection, Use and Disclosure of Personal Data

The personal data which we collect from you may be collected, used, disclosed and/or processed for various purposes, depending on the circumstances for which we may/will need to process your personal data. The data includes but are not limited to:

(a) providing our services;
(b) responding to your queries, requests and complaints;
(c) meeting the purposes for which you have submitted the information;
(d) protecting and enforcing our contractual and legal rights and obligations;
(e) any other purpose for which we notify you at the time of obtaining your consent; and/or
(f) all other purposes related to business.

The purpose for which we may/will collect, use, disclose or process your personal data depends on the circumstances at hand. Such a purpose may not appear above. However, we will notify you of the purpose at the time of obtaining your consent, unless processing of your personal data without your consent is permitted by law or the PDPA.

You may request to access and/or correct the personal data currently in our possession or withdraw your consent for us to collect, use and/or disclose your personal data at any time by writing to our Data Protection Officer at one of the following means:

(a) Email:
(b) Office address:  7 Temasek Boulevard
#16-01 Suntec Tower One
Singapore 038987
Attention: The Data Protection Officer

For a request to access personal data, we will provide you with the relevant personal data within a reasonable time period.

For a request to correct personal data, we will process your request, including undertaking necessary verification activities, as soon as practicable after the request has been made. We will send the corrected personal data to other organisations to which the personal data was disclosed by us within a year before the date the correction was made, unless that other organisation does not need the corrected personal data for any legal or business purpose, or if you so consent, only to specific organisations to which the personal data was disclosed by us within a year before the date the correction was made. We may also charge a reasonable fee in accordance with the requirements of the PDPA for the handling and processing of your request to access your personal data. You will be notified in advance of such costs.

For a request to withdraw consent, we will process your request within a reasonable time period. Requests for withdrawal of consent may adversely impact your relationship with us, in which case we will notify you in advance of such impact.

Disclosure of Personal Data to Third Parties

We will only share your personal details with a third party for the purposes and situations as described above, or for other purposes where we have your consent to do so.

Administration and Management of Personal Data

We will take reasonable efforts to ensure that your personal data is accurate and complete, if your personal data is likely to be used by us to make a decision that affects you, or disclosed to another organisation.

We will also take reasonable efforts to take appropriate precautions and preventive measures to ensure that your personal data is adequately protected and secured. Appropriate security arrangements will be taken to prevent any unauthorised access, collection, use, disclosure, copying, modification, leakage, loss, damage and/or alteration of your personal data. However, we cannot assume responsibility for any unauthorised use of your personal data by third parties which are wholly attributable to factors beyond our control.

We will also cease to retain personal data, as soon as it is reasonable to assume that the purpose for collection of such personal data is no longer being served by such retention, and if such retention is no longer necessary for legal or business purposes.

Where your personal data is to be transferred to a territory outside of Singapore, we will comply with the PDPA so as to ensure a standard of protection to the personal data transferred that is comparable to the protection under the PDPA.

This Privacy Statement does not apply to, and Pan-United is not responsible for, any third party websites which may be accessible through links from this website. If you follow a link to any of these third party websites, they will have their own privacy policies and you will need to check these policies before you submit any personal data to such third party websites.

Complaint Process

If you have a concern on how we are handling your personal data or about how we are complying with the PDPA, we would like to discuss it with you to understand how we can resolve the issue. Please contact us by writing to our Data Protection Officer through one of the following methods:

(a) Email:
(b) Office address:  7 Temasek Boulevard
#16-01 Suntec Tower One
Singapore 038987
Attention: The Data Protection Officer

If you decide to write to us, please ensure the following information is included:

(a) Raising your concern speedily in a timely manner (if you wait too long, it may be difficult for us to address your concern);
(b) Your name and contact details, as we are unable to investigate an anonymous complaint;
(c) The name of the organisation you are complaining about;
(d) Explaining clearly and simply what has happened and, where appropriate, the effect it has had on you;
(e) All necessary information to help us identify your concern correctly; and
(f) What you would like us to do.

We treat such concerns seriously and will work actively with you to resolve it to the best of our abilities.

Changes to this Privacy Statement

At any time, we may modify this Privacy Statement posted on our website at to reflect our current privacy practices. When we make changes to this statement, we will revise the “updated” date at the top of this page. Any changes to this Privacy Statement will apply to you and your data immediately. You are encouraged to visit our website from time to time to ensure that you are well informed of our latest policies in relation to personal data protection.

Save settings