Business News 24/04/2024, 04:35

Kim Oanh Group signs investment partnership for "The One World" township project with Japanese partners

On April 17th, Kim Oanh Group entered into an investment partnership agreement for "The One World" township project with three Japanese business partners: Sumitomo Forestry, Kumagai Gumi, and NTT Urban Development.

Kim Oanh Group signs investment partnership for "The One World" township project with Japanese partners

According to the agreement, the project's cooperation structure will be divided with Kim Oanh Group holding a 51% stake, while the three Japanese partners—Sumitomo Forestry, Kumagai Gumi, and NTT Urban Development—will collectively hold a 49% stake.

"The One World" township project, located in Thuận An City, Bình Dương Province, covers nearly 50 hectares, with a total investment capital exceeding 1 billion USD.

The project is divided into six component projects, with plans to prioritize the construction of key amenities including a convention and exhibition center, a shopping center, a 5-star hotel, an international school. The project is expected to be officially introduced to the market in 2025.

On this occasion, Kim Oanh Group also signed a development cooperation agreement for a shopping center within "The One World" township project with AEON Vietnam. Accordingly, AEON Vietnam will develop and operate a large-scale premium shopping center within "The One World" township project.

Nhan Dan / Translator: Hoang Giang
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