Japanese firm to pour capital into Vietnamese realty projects
The Japanese company Yaegaki, Inc. is expected to invest 50 million USD in the Vietnamese-based TMS Group’s real estate projects under a cooperation memorandum of understanding (MoU) signed between the two in Tokyo on July 1.
Representatives of Yaegaki and TMS Group at the signing of their MoU in Tokyo on July 1 (Photo: VNA)
Tokyo (VNA) – TheJapanese company Yaegaki, Inc. is expected to invest 50 million USD in the Vietnamese-basedTMS Group’s real estate projects under a cooperation memorandum ofunderstanding (MoU) signed between the two in Tokyo on July 1.
Accordingly, TMS Group will provide Yaegaki with informationon Vietnam’s property market, while Yaegaki will consider an initial investmentof 50 million USD in TMS projects.
Talking to the Vietnam News Agency, Nguyen Viet Trung, ViceChairman of TMS Group, said his company has over 10 years of experience inworking with Japanese partners.
He hoped the MoU will be implemented effectively.
Lauding the potential of Vietnam’s real estate market, KeiKuramochi, director of Yaegaki, unveiled that his company is consideringcollaboration opportunities with the Vietnamese firm to carry out projects inthe market.
Earlier, in April, TMS Group held a series of investmentpromotion events in Japan to seek partners for its property projects andintroduce opportunities in the Vietnamese realty, health and high-techagriculture markets.
Established in 2004, TMS Group operates in various areas andhas so far established representative offices nationwide, and a number of countrieslike Australia and Japan.-VNA
TMS Group will organise a series of investment promotion events in Japan at the beginning of April to look for potential partners in the fields of real estate, health and high-tech agriculture.
Vietnam is welcoming a strong wave of investment in the property market from Japanese businesses, TMS Homes General Director Nguyen Xuan Huong said on April 4.
Many Japanese investors still lack information about Vietnam’s real estate market, heard an investment promotion workshop held by TMS Group in Fukuoka prefecture of Japan on April 10.
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Representatives of Yaegaki and TMS Group at the signing of their MoU in Tokyo on July 1 (Photo: VNA) 
