Dien Group News Today

Although foreign capital in real estate fell by more than half in the first five months of 2023, positive signs are afoot as foreign backers continue to pinpoint Vietnam’s advantages.

The Keppel Consortium has entered binding agreements to acquire a 49 per cent interest in two residential projects in Thu Duc city from the Khang Dien Group.

Keppel said the joint strategic acquisition in Ho Chi Minh City is in line with its asset-light business model under Vision 2030.

Merger and acquisition activities in the first months of the year surged with several huge deals, signalling the Vietnamese market is ready to welcome foreign investors into projects thirsty for capital.