Cen Land transforms into real estate developer with bold goals
Cen Land is shifting from brokerage to development, targeting a 170% revenue increase and 424% profit growth in 2025.
Hanoi-based Lux Group has fully acquired the five-star, all-inclusive Emperor Cruises, adding to the travel and hospitality company’s portfolio that includes the DMC Luxury Travel and Heritage Cruises.
Pham Ha, the president of Lux Group, said that he previously owned a 50 per cent stake in Emperor Cruises and has now bought the remaining stake to gain full ownership of the business. Financial details of the purchase have not been released.
Heritage Cruises is operating an eight-suite ship in Ha Long Bay.
In a statement, Ha said that the company “will expand its portfolio of luxury small ship and expedition cruises to new cruising destinations” following the acquisition.
“Five new cruise ships will be added in Nha Trang Bay and Phu Quoc Island, and overnight cruises will be introduced for the first time in these amazing beach and island destinations,” Ha said.
Meanwhile, Heritage Cruises will begin sailing around Cat Ba Archipelago in the Gulf of Tonkin from October 7. The boutique cruise ship, which consists of 20 suites ranging from 33m2 to 80m2, is divided into three different categories – Delta, Ocean and Heritage Suites – with a maximum capacity of 60 guests.
Amenities onboard include two Vietnamese restaurants, an infinity swimming pool, a pool bar, wine cellar, lounge and a library.
Heritage Cruises also hosts a floating exhibition, L’Art de l’Annam, which showcases the first designer art gallery of artist Pham Luc, known as the Picasso of Vietnam, alongside the works of many Vietnamese artists.
Cen Land is shifting from brokerage to development, targeting a 170% revenue increase and 424% profit growth in 2025.
Menas Group has entered a strategic partnership with Keppel to co-develop an integrated ecosystem of lifestyle services across Keppel’s real estate projects in Vietnam, beginning with the landmark Celesta City development in Saigon South.
Phuc Sinh’s expansion underscores Vietnam’s growing role in sustainable agriculture and its increasing appeal to global investors
PVI Asset Management (PVI AM) and SonKim Capital (SK Capital), a business unit of SonKim Group has announced a strategic collaboration to develop innovative real estate investment products tailored for institutional investors and high-net-worth individuals.
Filum AI has successfully raised $1 million in funding despite a challenging venture capital market, underscoring the potential of AI and shifting investment strategies.
Enterprises are advised to promptly assess and evaluate the impact of the changes in the newly-issued to ensure timely compliance in the upcoming tax finalization period.