VinaCapital Group, Vietnam’s leading asset management and real estate development firm, and inProjectsGroup, Asia’s leading independent project management company, have announced the launch of their joint venture company, VinaProjects.
VinaProjects is a real estate services company offering project and construction management, urban planning, and facilities management services to the Vietnamese market. VinaProjects aims to provide a world-class standard of service for real estate investors and developers in Vietnam, including VinaCapital Group.
VinaProjects was established in January 2010 and has already begun the delivery of landmark urban development projects valued at over USD500 million in cities across Vietnam, including Hanoi, Da Nang and Ho Chi Minh City. VinaProjects has three divisions – project management, urban planning, and facilities management – staffed by highly skilled professionals with substantial international and domestic experience. Paul James has been appointed managing director of VinaProjects.
Matt Fletcher, inProjects Group managing director said in a statement released on 2 March, "The Vietnamese market has enormous potential for growth and this joint venture will provide both partners with the ability to maximise these opportunities. Our goal is for VinaProjects – and more importantly Vietnam – to become known for delivering high-quality, large-scale developments. With a number of projects already planned and underway, we look forward to a long and successful partnership with VinaCapital."
Don Lam, CEO of VinaCapital, commented: "VinaCapital has a significant number of major real estate projects located across Vietnam, and we must ensure all of these projects are delivered with world-class results. We want the next generation of urban and resort developments in Vietnam to be at the same standard as seen in cities across Asia and the world. We look forward to working with the inProjects team to help raise the standard of project delivery in Vietnam."
VinaProjects will be the sole supplier of real estate services for VinaCapital’s majority-owned real estate assets, while also participating in competitive tenders for third-party clients.
VinaCapital is one of the largest foreign investors in Vietnam’s real estate market, with considerable local knowledge and experience.
inProjects has worked across the Asia region on a range of real estate projects, focused on large-scale hospitality and resort development. VinaProjects will combine and expand the services currently provided separately by inProjects and VinaCapital to improve efficiency and ensure the successful delivery of real estate projects.
To read more on the company, visit VinaProjects.