Vietnam, which is being called "the last of the rapidly growing Asian markets" is identified as the most promising post-BRICS growth market among the developing nations and has one of the most rapidly growing economic powers. With increasing number of Japanese corporations and other foreign corporations entering into the country, demands for hotels, offices and residential units are growing and Vietnam is entering a real estate boom.

Future Business Development

Japan Asia (Vietnam) Company Limited (JAVCO), a foreign subsidiary, was established in Ho Chi Minh City in April 2008, marking the beginning of a full fledged development business in Vietnam.

Real estate development business is expanding rapidly in Vietnam. Consequently, demands for management services to control and manage project design, schedule, cost, quality and other aspects are also growing. JAVCO is offering high quality project management and design management services based on a wealth of development experiences and a track record.

In addition, JAVCO is proactively promoting urban-type development projects that include offices, hotels, residential units and others by utilization of funds available from the "Vietnam Real Estate Fund" structured by one of the Group companies.