Ascott parent celebrates 25 years in Vietnamese market

George Sell George Sell Uploaded 17 November 2019

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Vietnam: CapitaLand, parent company of The Ascott Ltd, is celebrating 25 years of operations in Vietnam.

On 14 November, CapitaLand celebrated the milestone with a gala dinner attended by 400 guests in attendance.

CapitaLand’s first property in Vietnam, Somerset West Lake in Ha Noi, opened in 1994. After 25 years of operation, CapitaLand’s portfolio comprises two integrated developments, close to 8,600 homes across 15 residential developments, two retail malls, one business park and more than 7,000 serviced apartments and hotel rooms in 28 properties across nine cities - HCM City, Hanoi, Hai Phong, Ha Long, Hoi An, Da Nang, 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”.

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