Vietnam is one of CapitaLand’s key markets in Asia. The real estate market in Vietnam is supported by the country’s strong economic growth, rapid urbanisation and a young and growing population. CapitaLand is committed to being a long-term real estate developer in the country.
CapitaLand Group's current presence in Vietnam is in the seven major cities – Ho Chi Minh City, Hanoi, Hai Phong, Ha Long, Da Nang, Binh Duong, and Nha Trang in the residential and serviced residences sectors. In the residential sector, CapitaLand has a portfolio of close to 9,100 quality homes across nine residential projects in Ho Chi Minh City and Hanoi. In the serviced residence sector, its wholly-owned serviced residence business unit. The Ascott Limited, has a portfolio of more than 4,600 apartment units in 22 properties across the seven major cities, making it the largest international serviced residence owner-operator in the country.
CapitaLand will continue to contribute to the Vietnamese economy by hiring and nurturing a strong local team, exchanging knowledge and skills with local partners and contributing to the local communities’ underprivileged children and environment through corporate social responsibility efforts.