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CapitaLand commits long term to Vietnam

Released at: 15:21, 09/03/2016

CapitaLand commits long term to Vietnam

Commitment made as Singaporean real estate developer announces its third CapitaLand Hope School in the country.

by Thu Hoang

Singapore’s CapitaLand has committed to strong growth and long-term investment in Vietnam with a plan to build the third CapitaLand Hope School.

The commitment was expressed by Mr. Lim Ming Yan, President & Group CEO of CapitaLand, to Mr. Hoang Trung Hai, Politburo Member and Secretary of the Hanoi Party Committee, on March 7.  

“I am pleased to announce that we plan to build our third CapitaLand Hope School in northern Vietnam, adding to 27 such schools across Asia,” Mr. Yan said. “These efforts are part of CapitaLand’s ongoing commitment to building communities in the countries where we operate.”

Mr. Hai said that Vietnam’s robust economic and population growth require the construction of more infrastructure and the introduction of appropriate policy measures, thus needing real estate development and investment.  

This year CapitaLand marks its 22nd year of operations in Vietnam, having invested in a range of projects in the residential and service sectors in Hanoi, Ho Chi Minh City, Hai Phong, Da Nang, Binh Duong, and Nha Trang.

The Singaporean group has built two CapitaLand Hope Schools in the country - the CapitaLand Nang Yen Primary Hope School in northern Phu Tho province and the CapitaLand Thanh Phuoc A Primary Hope School in the Mekong Delta’s Long An province.  

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