ACDL’s Michael Kelly elected vice chairman of Amcham Vietnam
ACDL’s Michael Kelly elected vice chairman of Amcham Vietnam
Executive chairman and CEO Michael Kelly of Asian Coast Development Ltd. (ACDL), the developer of premier integrated resort The Grand Ho Tram Strip, has been elected as vice chairman of the AmCham Vietnam board by his fellow governors.
The election followed Kelly’s December 2016 election to the board of governors of the American Chamber of Commerce (AmCham-Hanoi) in Vietnam.
In his new role as vice chairman, he will serve as a principle advocate for US businesses and investment in Vietnam, expanding on the work he has done to date in his capacity as executive chairman and CEO of The Grand Ho Tram Strip – Vietnam’s leading integrated resort and the largest US private equity investment in the country.
The Grand Ho Tram Strip is one of the most prominent US investments in Vietnam, with over $1.1 billion in deployed and committed capital.
Under Kelly’s direction, The Grand Ho Tram Strip has accelerated investment, coordinating closely with national and provincial leadership in Vietnam to carefully align its developments with Vietnam’s tourism goals.
In recognition of the rising status of The Grand Ho Tram Strip as a key component of the US-Vietnam commercial relationship, Kelly was honored to be part of an investment promotion event attended by President Obama during his historic visit to Vietnam in May 2016, during which The Grand Ho Tram Strip’s partnerships with domestic giants CotecCons and VietJet were featured.
Beyond his new executive role on the AmCham board of governors, Kelly also serves as the chairman of the tourism committee, through which he has supported Vietnam’s efforts to draw additional tourism from the US and around the world.
Looking ahead to 2017, Kelly has undertaken several initiatives that will see The Grand Ho Tram Strip diversifying investment into new areas, including a new regional airport in Ba Ria-Vung Tau and entertainment complex at the Ho Tram Strip. The Grand will also look to capitalise on the success of its inaugural PGA Asian Tour event, The Ho Tram Open, by holding the PGA Asian Tour’s flagship event, The Ho Tram Players Championship, later this year.
Kelly’s election as vice chairman reflects his proven dedication and commitment to supporting US business interests in Vietnam, as well as the importance of The Grand Ho Tram Strip as a major stakeholder in US-Vietnam commercial relations. Heading into a new administration in the US, The Grand Ho Tram Strip figures to remain a key component of the bilateral relationship and an enduring symbol of the value of mutually beneficial investment and business ties.
