Frasers Property expands Vietnam business with opening of Hanoi office

Frasers Property Vietnam (FPV), one of the country’s leading diversified property developers, opened an office in Hanoi on Monday, its second in Vietnam, to strengthen its footprint in the Southeast Asian country.

The new office in Hanoi signifies Frasers Property’s commitment to Vietnam’s economic development and growth, underscoring the confidence it has in the long-term growth potential across the northern region.

The new office is located at the HCO Building in Hoan Kiem district close to Hanoi’s bustling downtown.

Frasers Property’s first representative office is at Melinh Point, a Grade A office building owned and managed by the company in Ho Chi Minh City’s central business district. This expansion is supported by a strong team to contribute to new development for Frasers Property's ambitions.

"We have seen significant growth in the scale and operation of our business over the past few years and are now looking to expand nationally. The opening of our Hanoi office is part of FPV's overall growth plan, bringing us closer to our valued real estate customer base, and also enabling us to launch our northern portfolio in the near future.

"As we have grown meaningfully and furthered our presence in Vietnam over the past two decades, we want to make a lasting impact on creating spaces that are inspiring and good for communities and the environment," said Edwin Tan, deputy CEO of FPV.

Frasers Property has made impressive investment footprints in the Vietnamese market over the past two decades in three synergistic asset classes - industrial, commercial, and residential - at the heart of the company’s growth strategy to establish itself as a leading real estate company across the country.

FPV is the first real estate company in Vietnam with Science Based Targets initiative-approved targets for its science-based approach to significantly reduce greenhouse gas emissions. FPV targets to reduce its absolute Scopes 1, 2 and 3 emissions by 46.2% by fiscal year 2030 from the base year of fiscal year 2019.

Key properties the Frasers Property portfolio include:

Binh Duong Industrial Park, one of the first development projects in Vietnam designed to achieve the LEED Gold green building certification, which requires the incorporation of key sustainable design features to enhance occupant productivity, operational efficiency and well-being.

Melinh Point, the first existing non-residential building in Vietnam to achieve Green Mark Platinum certification awarded by Singapore’s Building and Construction Authority.

Q2 Thao Dien, a mixed-use development in Ho Chi Minh City with office, retail and residential components, which consists of Worc@Q2, a modern serviced office tower.