Keppel Land said that through its subsidiary VN Prime Vietnam (VNPV), it is acquiring a 65% stake in a business that owns retail real estate in Hanoi. The remaining 35% capital will be held by the project investor Binh Minh Trading and Investment Development Joint Stock Company. 
This project is part of a real estate complex under construction, expected to be completed in 2025. VNPV will spend about VND 1,230 billion on this deal. The company plans to pay in cash in two installments.

 
At the end of May, Keppel Land also acquired 49% of the capital from Khang Dien Group in two adjacent residential projects in Ho Chi Minh City. Previously, in an interview with Nikkei in March, Keppel's leader also said he wanted to increase investment in Vietnam in the context that businesses have strategies to diversify their investments, not focusing on China to minimize risks. 
Keppel Land is headquartered in Singapore and has been in Vietnam since the early 1990s. To date, this unit has become one of Vietnam's leading foreign real estate developers. The company is known for projects such as Estella Heights, Celesta Rise, Empire City, and Saigon Centre.

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