Vietnamese developers are seeking new capital sources as banks tighten credit for real estate.
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The office will help the company attract Japanese investors as well as sell Japanese properties to Vietnamese.
Japan is replacing South Korea to become the most active investor in Danang real estate market.
Japanese investors want to expand the scale of the Xuan Thieu tourist area in Danang by nearly five times compared to the previous proposal.
According to Hiroyuki Ono from ACA Investments, a Japanese fund manager under the Sumitomo Group, Vietnam market is more attractive to Japanese enterprises than Thailand and Indonesia.
'Startups in Vietnam and Japan share many similarities and attractions.'
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Working with professional Japanese investors is a desire of many Vietnamese enterprises. However, General Director of JSC Saigon Perspective (SAVISTA), a company having eight years of experience in the field of real estate management, once decided to refuse an offer of co-operation of a Japanese corporation.
