Minor Hotels has agreed to a management deal with Trading Construction Works Organization to operate Avani+ Hanoi, a 310-key hotel set to open in 2028. Located in Bach Mai Ward, the project marks the group's first property in Vietnam's capital city, Hanoi. The premium hotel will feature an indoor pool, fitness centre, and dining venues within the mixed-use Hinode City complex.
Mapletree Investments has raised over US$500 million in equity commitments for the first close of its Emerging Asia logistics development strategy. The total includes US$250 million secured by its private fund, Mapletree Emerging Growth Asia Logistics Private Trust, along with co-investment backing. Targeting developments in Malaysia, Vietnam and India, the broader strategy is projected to reach a total investment value of US$2.1 billion when fully deployed.
Developer Sun Group has commenced a 30.15 trillion VND project to renovate and enhance the West Lake area in Hanoi, Vietnam. Implemented under a Build-Transfer public-private partnership, the scheme spans 567.75 hectares. The plans focus on expanding pedestrian space along a 13.5 km lakeside road, building wharves, upgrading public parks and installing new cultural infrastructure to establish the district as a major tourism and event destination.
Sun Hospitality & Entertainment has upgraded its strategic partnership with booking platform Klook to drive digital transformation across Vietnam's tourism sector. Signed during the Kreatorverse Summit 2026 in Phu Quoc, the agreement focuses on applying artificial intelligence, customer data and next-generation technologies to personalise travel experiences. The initiative targets key international markets to capture rising global demand for Vietnamese destinations.
Sun Group has officially launched a 40 trillion VND development in Phu Quoc, creating nearly 50,000 social and rental housing units built to Singapore standards. Located in the An Thoi urban area, the 55-hectare complex supports Vietnam's national housing goals and infrastructure expansion ahead of the APEC 2027 summit.
Sotheby's International Realty has expanded into Vietnam with the opening of Vietnam Sotheby's International Realty. Based in Ho Chi Minh City, the new launch represents the company's 18th location in Asia. The business will represent high-end housing schemes and individual properties across the country, aiming to connect Vietnamese buyers with international properties while presenting domestic luxury developments to global investors.
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