Indochina Kajima and VietinBank enter into a strategic partnership

Indochina Kajima Development Limited (Indochina Kajima), a joint-venture of Indochina Capital and Kajima Corporation signed a strategic partnership with Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) on April 22, 2021. Together, the two partners aim to provide the market with innovative real estate that addresses current and future demands.

Indochina Kajima is a joint-venture between Indochina Capital, founded in 1999, one of Vietnam’s leading real estate advisory, investment and development companies with a portfolio of iconic landmarks including the Four Seasons the Nam Hai, Six Senses Con Dao, Hyatt Regency Danang, Indochina Plaza Hanoi and Indochina Riverside Towers Danang. Founded in 1840, Kajima Corporation is one of Japan’s top contractors and real estate developers with a global footprint including some of the world’s most iconic properties, such as the Four Seasons Hualalai in Hawaii, Saint Endréol Resort in Provence, France, and Senayan Square in Jakarta, Indonesia.

With an investment commitment of USD1 billion in Vietnam, Indochina Kajima aims to develop a portfolio of resorts, urban hotels, residential, office and industrial projects and is committed to creating innovative real estate, enriching the communities in which it operates. The company’s first statement in Vietnam is Wink Hotels – a chic, fun, vibrant hotel brand born in Vietnam for Vietnam with a pipeline of over 20 hotels across the nation.
Indochina Kajima just celebrated the opening of the first Wink Hotel, Wink Hotel Saigon Centre at 75 Nguyen Binh Khiem, D.1 in March, 2021 followed by the groundbreaking ceremony of a luxury resort project in Bai Nom, Phu Yen. The company is also looking to develop industrial and logistics real estate in major markets such as Ho Chi Minh City, Haiphong, Bac Ninh, Danang, Vinh Phuc, Dong Nai and Binh Duong.

VietinBank is a leading commercial bank in Vietnam in terms of total asset, lending market share, accounting for nearly 12% of lending market share, with stable capital and a solid customer base. VietinBank has always maintained its position as a key commercial bank, a major contributor to the development of Vietnam’s banking industry and to the socio-economic development of the nation.
VietinBank has been a partner to Indochina Kajima in various projects and will be providing banking and financial services to Indochina Kajima’s future projects in Hai Phong, Hanoi, Phu Yen…

“This partnership aims to strengthen the cooperation at a higher level between Indochina Kajima and VietinBank in activities including financial services, banking services, branding and communications. Both companies will leverage our advantages and strengths to support one another in our business expansion and development, in compliance with the law.” said Mr. Tran Minh Binh, CEO, VietinBank.

“Indochina Kajima has a clear strategy that addresses the current and future demands of the market while maintaining unwavering commitment to architectural excellence, environmental sustainability, and social responsibility. We believe all our developments are more than just a building or a brand, but all part of a lifestyle movement, changing the way people travel, work and live. We are proud to have VietinBank join us as a strategic partner in this transformational journey.” shared Peter Ryder, CEO, Indochina Capital.