Vietnamese authorities are seeking to prosecute Truong My Lan for money laundering, two months after the convicted boss of Ho Chi Minh City-based developer Van Thinh Phat Group was handed the death penalty for orchestrating an embezzlement scheme that led… Read More>>
Singapore’s STT GDC Expanding Data Centre Platform into Vietnam
Singapore’s ST Telemedia Global Data Centres has formed a joint venture with Vietnamese tech unicorn VNG Corporation for the development, construction and operation of server-hosting facilities totalling nearly 70 megawatts in Ho Chi Minh City.
The partnership encompasses a functioning… Read More>>
Panel: Logistics Investment in Asia’s Emerging Markets MTD TV APAC Logistics Forum 2024
Southeast Asia’s position as a beneficiary of the “China Plus One” strategy presents opportunities for logistics real estate as the manufacturing, electric vehicles (EVs) and electronics industries aim to diversify their operations.
At the same time, with the Indian government… Read More>>
Boss of Vietnam’s Van Thinh Phat Condemned to Death for $27B Embezzlement Scheme
The boss of a Vietnam property investment firm was found to have cheated 42,000 investors and sentenced to death in Ho Chi Minh City on Thursday with the government saying her actions led to over VND 677 trillion ($27 billion)… Read More>>
Ex-CapitaLand China Boss Lucas Loh Joins Vietnamese Developer as CEO
Former CapitaLand China and Hopson Development boss Lucas Loh Jen Yuh has joined the region’s ‘China Plus One’ wave with a new role with a Ho Chi Minh City-based township developer, according to an announcement this week.
Loh, who spent… Read More>>
Vanke Debt Risk Stirs Fresh China Fears and More Asia Real Estate Headlines
China’s second-biggest developer finds itself under the microscope today, with Vanke’s resurgent debt woes once again leading Mingtiandi’s headline roundup. Also in the news, Hong Kong home sales soar in the wake of scrapped cooling measures and Singapore landlords wrestle… Read More>>
Hong Kong’s Eric Chu Nap-Kee to Stand Trial in $12B Vietnam Corruption Case
Hong Kong investor Eric Chu Nap-kee saw the $819 million sale of his Nexxus Building in the city’s Central district rank as Asia Pacific’s second-biggest real estate asset sale of 2023, but he will struggle to enjoy that victory as… Read More>>
Mapletree Logistics Trust Buying Malaysian, Vietnamese Sheds for $174M
Mapletree Logistics Trust (MLT) is adding a warehouse in Malaysia and a pair of logistics assets in Vietnam for a total of S$234 million ($174 million), as it continues to expand its Southeast Asia portfolio.
The manager of Singapore-listed MLT… Read More>>
Vietnam’s BW Names Gene King CIO
Vietnam’s best-known industrial builder has hired former Ally Logistic Property executive Gene King as chief investment officer, according to an announcement today.
King’s appointment to the newly created position at BW Industrial Development takes effect immediately, as the Warburg Pincus-backed… Read More>>
Daiwa House Logistics Trust Expands Beyond Japan With Buy of Vietnam Cold Chain Asset
Daiwa House Logistics Trust is expanding beyond its home market of Japan with the SGX-listed REIT having agreed to acquire a newly built warehouse near Ho Chi Minh City from its sponsor for VND 483 billion ($20 million).
The trust… Read More>>
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