Real estate giant Everland and quiet M&A deals
With big ambitions, real estate developer Everland has been continuously expanding its land bank over the past year through acquisitions of stakes in major projects and companies across the country.

The Crystal Holidays Harbour Van Don complex in Quang Ninh province, northern Vietnam. Photo courtesy of Crystal Holidays Harbour Van Don.
The latest list of entities related to Everland features a new name: Huynh Gia Huy JSC.
Le Dinh Tuan, younger brother of Everland chairman Le Dinh Vinh, became chairman and legal representative of Huynh Gia Huy on March 25, 2024.
Notably, this move occurred just a few days before Novaland Group, listed on the Ho Chi Minh Stock Exchange (HoSE) as NVL, divested its entire stake in Huynh Gia Huy JSC for VND1.9 billion ($77,409).
Huynh Gia Huy was established in 2005 and is the developer of the Royal Ruby Villa Mui Ne (also known as Nova Hill Mui Ne), a VND1.4 trillion ($57 million), 40-hectare resort project in Phan Thiet town, the south-central province of Binh Thuan. It began handing over products to customers in Q2/2021.
Regarding Novaland and Everland, CRH International Service and Investment JSC, with Everland holding 19% of charter capital, signed an asset transfer contract with Nova Dream JSC - a member of NovaGroup - on August 10, 2023.
In the southern region, Everland is present in the Dai Phuoc Eco-Tourism Urban Area project invested by DIC Corp (HoSE: DIG) in Nhon Trach district, Dong Nai province.
In 2018, DIC Corp signed a contract to transfer the land use rights at the Dai Phuoc project to DCP Asia JSC for VND183.5 billion ($7.5 million). Notably, Le Dinh Tuan, younger brother of Everland chairman Le Dinh Vinh, is currently CEO and legal representative of DCP Asia JSC.
Everland An Giang, whose 16.67% stake is held by Everland, owned 18.9 million shares, or 42%, of DCP Asia as of May 2024.
At the end of 2023, Everland An Giang signed a deposit contract with DIC Corp to acquire 14.3 hectares of the Dai Phuoc Eco-Tourism Urban Area project.
In Hanoi, Everland signed a deposit contract with An Khanh New City Development Joint Venture Company on August 11, 2023 to acquire a land plot in Hoai Duc district. The group transferred VND637.5 million ($26 million), part of the deposit amount, to An Khanh.
The project acquired by Everland is Sky Lumiere Center, covering 4.85 hectares. The group stated that the land has been cleared and granted a land use right certificate.
Everland is also competing with Trung Yen Trading and Investment JSC in a bid for the G19 New Urban Area project in Kim No commune, Dong Anh district, Hanoi.
The G19 New Urban Area covers more than 26.1 hectares, with an estimated total investment of over VND2.43 billion ($98.84 million).
Everland’s steps in Van Don
While Everland has been continuously increasing its land bank over the past year, Van Don island district in the northern province of Quang Ninh remains a key focus, with the Crystal Holidays Harbour Van Don project in the Ao Tien High-End Port and Tourism Urban Area. The 26-hectare project has a total investment of VND5.5 trillion ($224 million).
The project developer is Everland Van Don JSC, a joint venture between Everland Group (holding a 60% stake) and local investors, including Mai Quyen Tourism Co., Ltd. and Ta Duc Quyen (40%)
Everland's ambitions in Van Don extend beyond Crystal Holidays Harbour Van Don. Its chairman Le Dinh Vinh held a 22% stake in Heritage Holdings JSC (as of October 2017) and was a founding shareholder with a 68% stake in Van Don Heritage Road JSC.
Van Don Heritage Road features a collaboration between Everland and Mai Quyen Tourism, with 32% of the company's equity owned by Mai Quyen (30%) and individuals in the group (2%) as of October 2017.
In Heritage Holdings, the controlling 66% stake belongs to Crystal Bay Group, led by businessman Nguyen Duc Chi. The remaining 12% is held by GID Holding Co., Ltd., a legal entity established by a group of young entrepreneurs from Dien Chau district, the central province of Nghe An - Chi's hometown.
Despite holding a minority stake, Le Dinh Vinh has a big role in the Van Don Heritage Road mega-project which is expected to include nine functional zones spanning over 3,300 hectares in the island.
Vinh is currently vice chairman of Van Don Heritage Road JSC and chairman of Heritage Holdings JSC.
- Read More
VSIP starts work on industrial park project in northern Vietnam province Thai Binh
Construction of the Vietnam-Singapore Industrial Park (VSIP) Thai Binh commenced on Wednesday in northern Vietnam, with the witness of Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong.
Industrial real estate - Wed, March 26, 2025 | 10:41 pm GMT+7
Vingroup starts building mega urban project in Vietnam's Mekong Delta
Vietnam’s leading private conglomerate Vingroup on Wednesday embarked on construction of the VND28 trillion ($1.1 billion) Vinhomes Green City, the first mixed-use urban development in its ecosystem in the Mekong Delta province of Long An.
Real Estate - Wed, March 26, 2025 | 10:11 pm GMT+7
Indonesia, China cooperate in digital technology
Indonesia and China are expanding cooperation in the field of AI to promote digital transformation, especially in the fields of agriculture and smart cities.
Southeast Asia - Wed, March 26, 2025 | 10:01 pm GMT+7
Indonesia decides to join BRICS New Development Bank
Indonesian President Prabowo Subianto has announced the Government's decision to become a member of the New Development Bank (NDB), a multilateral development bank established by the five founding member states of the BRICS group.
Southeast Asia - Wed, March 26, 2025 | 9:57 pm GMT+7
Major Vietnamese broker SHS to double charter capital
Saigon-Hanoi Securities Corporation (SHS) plans to issue 894 million shares to increase its charter capital from VND8.13 trillion to VND17.07 trillion ($667.6 million), making it one of the top three securities firms in term of charter capital.
Companies - Wed, March 26, 2025 | 8:30 pm GMT+7
Elon Musk company okayed to pilot Starlink satellite internet service in Vietnam
Vietnam has allowed the U.S.'s SpaceX to pilot Starlink low-orbit satellite internet service in the country on a pilot basis until January 1, 2031.
Industries - Wed, March 26, 2025 | 5:18 pm GMT+7
Danish toymaker Lego to open $1.3 bln Vietnam plant next month
Denmark's Lego will officially open its factory in VSIP III Industrial Park in Vietnam's southern province of Binh Duong on April 9.
Industries - Wed, March 26, 2025 | 4:18 pm GMT+7
Top Singaporean firms earn high incomes in Vietnam
Singapore is the second-biggest foreign investor in Vietnam, with over $84 billion in registered investment capital as of end-January and many prominent investors raking in high incomes.
Companies - Wed, March 26, 2025 | 3:45 pm GMT+7
Vietnam, Singapore ink significant deals in Hanoi
Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong on Wednesday witnessed the signing of many cooperation deals between agencies and enterprises of the two countries.
Economy - Wed, March 26, 2025 | 2:51 pm GMT+7
Vietnam's major policies are reshaping economic development
Major policies are reshaping Vietnam's approach to economic development, which focuses on science, technology, and private enterprises, said a leader at the Vietnam Chamber of Commerce and Industry (VCCI).
Economy - Wed, March 26, 2025 | 12:11 pm GMT+7
PM okays over $10 bln urban area project in central Vietnam
The over VND260.3 trillion ($10.16 billion) Cam Lam New Urban Area project in the south-central province of Khanh Hoa has received in-principle approval from Prime Minister Pham Minh Chinh.
Real Estate - Wed, March 26, 2025 | 8:58 am GMT+7
S Korea's KIM Fund raises stake in Vietnam's marine transportation firm VIPCO
South Korea’s KIM Fund has increased its stake in Hai Phong city-based Vietnam Petroleum Transport JSC (VIPCO, HoSE: VIP) to 2.73%, making it the latter’s second-largest shareholder.
Companies - Wed, March 26, 2025 | 8:30 am GMT+7
Vietnam, Singapore seek cooperation chances in semiconductor industry
The Vietnam Trade Office in Singapore, in collaboration with the Singapore Semiconductor Industry Association (SSIA), organized a hybrid seminar on Monday to introduce Vietnam's potential, advantages, and development strategies for the semiconductor industry.
Southeast Asia - Tue, March 25, 2025 | 10:55 pm GMT+7
OV intellectuals in UK suggest blueprint for Vietnam’s int’l financial hub ambition
Vietnam can rise as a major international financial centre, both regionally and globally, with a strategic vision that highlights transparency, a skilled workforce, modern infrastructure, robust financial markets, and strong international branding, the Vietnam Intellectual Society in the UK and Ireland (VIS) told visiting Vietnamese Permanent Deputy Prime Minister Nguyen Hoa Binh in a recent meeting.
Southeast Asia - Tue, March 25, 2025 | 10:55 pm GMT+7
Vietnam Deputy PM discusses financial center development with ECB
Vietnam's Standing Deputy Prime Minister Nguyen Hoa Binh on Monday met with representatives of the European Central Bank (ECB) to discuss plans for the establishment of financial centers in Vietnam, as part of his working visit to Germany – the final stop in his European tour.
Southeast Asia - Tue, March 25, 2025 | 10:52 pm GMT+7
Indonesia keeps commitment on energy transition
Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto on Monday affirmed that the U.S. decision to pull out of the Just Energy Transition Partnership (JETP) will not impact the other partners' commitment to it.
Southeast Asia - Tue, March 25, 2025 | 10:35 pm GMT+7