Nonetheless, the underlying fundamentals of Vietnam’s economic system stay sturdy. Actual property ranked second within the record of industries attracting overseas direct investments in 2023.

Joseph Low, President, Actual Property (Vietnam), Keppel Ltd.

As a worldwide asset supervisor and operator, Keppel is well-positioned to seize progress alternatives in Vietnam. Over time, we have now fashioned many rewarding partnerships and grown with established native gamers, similar to Khang Dien and Phu Lengthy, who contribute their wealth of expertise and networks.

Correspondingly, Keppel’s suite of high quality sustainability options, worldwide model identify, and entry to third-party funds for co-investments are a very good complement to our native companions’ strengths. We’re assured that we will proceed to construct on these win-win relationships with native companions to show challenges into alternatives in Vietnam.

In recognition of our dedication to offering top quality developments, nurturing the group the place we function and contributing to the sustainable improvement of Vietnam, we’re heartened to have been named considered one of 2023’s finest workplaces in Asia by Nice Place to Work, taken half on the Prime 50 Company Sustainability Awards, in addition to being named regional winner within the Finest Industrial Developer class on the PropertyGuru Asia Property Awards final 12 months.

Wanting forward, we see many progress alternatives in Vietnam for the sustainability options that Keppel offers. For instance, we have now recognized potential pipeline property for the Keppel Vietnam Fund, our personal fund which mixes capital from Keppel and world institutional traders to speculate alongside us in actual property tasks, with a deal with Ho Chi Minh Metropolis and Hanoi.

Inside the true property sector, Keppel is driving a sustainable city renewal initiative, bringing folks, AI-driven expertise, and processes collectively to bolster the effectivity, sustainability efficiency, and valuation of each new and aged business buildings.

A sizeable share of actual property improvement over the following decade is predicted to be primarily based on retrofitting and repurposing current buildings, that are greener, more cost effective and quicker than new building, and contribute to the round economic system. By incorporating sensible and sustainable options into retrofitted buildings, we will additionally assist improve the property’ efficiency and worth. We consider that this initiative is a compelling answer that may contribute to Vietnam’s journey to net-zero.

Past actual property, we additionally see alternatives within the areas of infrastructure options. In 2023, we introduced as much as $70 million of energy-as-a-service offers have been made, additional demonstrating market adoption of our enterprise mannequin in Vietnam.

Our subscription-based service answer in Vietnam consists of vitality provide, cooling, decarbonisation, and sensible vitality administration. These companies are complemented by real-time distant monitoring and optimisation of vitality property at our newly opened, state-of-the-art clever operations nerve centre in Keppel’s built-in township in Thu Duc of Ho Chi Minh Metropolis. We stay up for rising additional with Vietnam and contributing to its sustainable improvement as a worldwide asset supervisor and operator.