Singapore’s Cityneon Holdings, Limited has opened a representative office in Ho Chi Minh City as part of its expansion strategy to capture a large share of Vietnam’s lucrative real estate market.
The office, located at the Saigon Trade Centre in HCM City District 1, will also serve as the company’s launch pad to penetrate Cambodia and Laos.
Cityneon Managing Director Ko Chee Wah said that the presence of its office in Vietnam reflects his company’s long-term commitment to establishing a firm foothold in the country’s fast-growing real estate development market.
“We are very excited about doing business in Vietnam as it is a promising market, thanks to its continued economic growth, and also the gateway to other markets in the region,” Ko said.
Cityneon has also won a contract worth US$5 million to participate in the MGM Ho Tram project in the southern province of Vung Tau. By getting involved with Singaporean and Japanese firms working on big projects, as well as the US$1.2 billion project with Becamex IDC in Binh Duong city, Cityneon expects to continue its success in Vietnam. - Source: VOV
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