CapitaLand Vietnam celebrates 25th year of operations in Vietnam

CapitaLand Limited (CapitaLand), one of Asia’s largest diversified real estate groups, has reached a significant mile stone of 25 years of operations in Vietnam.

On November 14, CapitaLand celebrated this journey of transformation with a gala dinner of around 400 distinguished guests in attendance. The event was graced by Mr Roy Kho, Consul General of Singapore in Ho Chi Minh City, as well as representatives from CapitaLand, business partners and key stake holders of the company.

CapitaLand’s journey in Vietnam began in 1994, with the introduction of Somerset West Lake in Hanoi. After 25 years of operation, CapitaLand’s portfolio comprises two integrated developments, close to 8,600 quality homes across 15 residential developments, two retail malls, one business park as well as more than 7,000 lodging units in 28 properties across nine cities - HCMC, Hanoi, Haiphong, Halong, Hoi An, Danang, Binh Duong, Cam Ranh and Nha Trang.

At the event, CapitaLand Vietnam thanked all stakeholders for accompanying the company throughout its journey of transformation, including its business partners, capital partners, business associations, customers, tenants and journalists.

CapitaLand also believes in contributing to the local communities in which it operates. Since 2005, through its philanthropic arm, CapitaLand Hope Foundation, CapitaLand has donated more than S$39 million to help over 40,000 vulnerable elderly in Singapore and over 164,000 underprivileged children in communities where CapitaLand is present.  Out of which, over S$22 million went towards supporting community development efforts in ASEAN countries such as Singapore, Vietnam, Malaysia, Indonesia, Thailand and the Philippines, through strategic partnerships with local government agencies and non-profit organizations.

During the event,CapitaLandpledged S$25,000 in support of the company’s effort to further its commitment to the CapitaLand Hope Schools in Vietnam. The funding will go towards meeting the education, healthcare and living needs of the students.

Mr Tan Seng Chai, Chief Corporate and People Officer for CapitaLand Group and Executive Director of CapitaLand Hope Foundation, delivered a S$25,000 cheque to representatives from CapitaLand Hope Schools.

CapitaLand is one of theleading developers in Vietnam and in Asia.Earlier this year, in July, CapitaLand completed a transaction with Temasek to acquire Ascendas-Singbridge, making CapitaLand one of Asia’s largest diversified real estate groups.

saigontimes

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