Vingroup and Tripartite Investment Style in Thanh Hoa

10:45:53 AM | 16/5/2017

With a population of over 1 million, outstanding tourism and service strengths, and an open investment policy, Thanh Hoa province has become the most dynamic locality in the northern central region. Seeing the huge opportunities and strong development potential of the province, since 2016, Vingroup Group has carried out many projects in its three core business fields: real estate, retail and tourism, which form a so-called tripartite investment position, thus going together with Thanh Hoa City into a new phase of acceleration and breakthrough.

Three attractive areas of investment
In recent years, Thanh Hoa city has witnessed remarkable progress in infrastructure and human resource development. All types of traffic systems such as road, rail, sea and air ways have been invested for synchronous development, including airports, Nghi Son deepwater port and border gates with Laos.

Thanh Hoa is also effectively and sustainably tapping current landscapes, and diverse cultural and historical relics. Especially, in addition to one of the most beautiful beaches in northern Vietnam - Sam Son - in recent years, Thanh Hoa has actively invested and developed many new tourist areas such as Quang Cu eco-tourism area, Nam Sam Son, Hai Tien seaside resort and Hai Hoa beaches to create new development momentum for tourism development and boost its consumer markets, which are only smaller than Hanoi and Ho Chi Minh City.

Strengths in infrastructure, landscapes and population size, plus an open investment attraction policy together create momentum to drive Thanh Hoa to a new trajectory of development. Wherein, real estate, tourism and retail are viewed as the most potential fields.

These three forces of gravity also correspond to three core business fields of Vingroup - a top-rate developer of property, tourism and retail with well-known brands, Vinhomes, Vincom and Vinpearl. As a multi-business group whose vision is to expand its business presence nationwide, Vingroup has long considered Thanh Hoa a golden address for its three business fields.

Acceleration and acceleration
To effectuate its priority, Vingroup has continuously boosted its investment in Thanh Hoa province since 2016.

The starter is five-star Vinpearl Hotel and Vincom Plaza, a trade complex, at the heart of Thanh Hoa City, the capital of Thanh Hoa province. The complex faces four streets in four directions, namely Tran Phu, Nguyen Du, Trieu Quoc Dat and Le Hoan. The five-star 33-storey hotel features deluxe and contemporary design. This will be one of the tallest towers in central Vietnam to date. Vincom Shophouse Thanh Hoa - a commercial townhouse project - is also expected to become a modern and vibrant business centre in the city and attract first-class entertainment facilities and services, helping shape a new lifestyle for Thanh Hoa people.

Specifically, on April 29, 2017, the first Vincom+ Centre in Thanh Hoa will be opened in Tinh Gia district, becoming the first retail shopping centre launched by Vingroup in Thanh Hoa province. The project centre will supply organic foods and quality-assured consumer goods to the community.

Particularly, Thanh Hoa is also one of seven localities where Vingroup has chosen to develop affordable VinCity property lines, with a starting price from VND700 million per unit in the coming time.

It is clear that, with a wide range of products, Vingroup has become an all-embracing investor in Thanh Hoa in all three of its core businesses: Property, retail, and hospitability. This shows that Vingroup appreciates the development potential of Thanh Hoa province and is stepping up investment in construction to positively change the appearance of coastal central provinces.

Vingroup is a top private conglomerate in Vietnam with total assets of VND180 trillion as of December 31, 2016. Vingroup is also the largest private taxpayer in Vietnam for three consecutive years, Top 10 business for labourers and Top 10 most sustainable business in Vietnam.

In international markets, Vingroup has consistently been the best investor in Vietnam, among Top 100 ASEAN Companies ranked by Standard & Poor’s, and Top 300 Asia's Potential Growing Companies as voted by Nikkei Asian Review. Vingroup real estate projects are always seen as best in the class at the national, regional and world levels.

Duy Anh