BW Industrial Development Joint Stock Company (BW) is a leading logistics and industrial real estate developer in Vietnam, established in May 2018. It is a joint venture between Warburg Pincus, a prominent global private equity firm and major real estate investor in Asia, and Becamex IDC, Vietnam's largest state-owned industrial and infrastructure developer. BW focuses on developing modern warehouses and light industrial properties to cater to Vietnam's expanding manufacturing, domestic consumption, and e-commerce sectors. The company manages approximately US$3 billion in gross assets and controls over 10 million square meters of industrial land across 58 projects in 12 key Vietnamese provinces.