The Meey Land Corporation, a pioneer in Vietnam’s proptech (property technology) sector, and the Alamat Capital Fund, an investment fund from Singapore, officially signed a strategic cooperation agreement on August 10 to support capital restructuring, investment attraction, and strategic financial advisory. The agreements aims to unlock the potential of the proptech market in Vietnam.

The Alamat Capital Fund will work alongside Meey Land to utilize all available resources, strengthen domestic business activities, and provide opportunities to access significant foreign capital sources in the future. Meey Land anticipates resolving investment capital issues, stabilizing its financial foundation, and obtaining additional resources for outstanding growth in revenue, profit, and market capitalization.

“In the short term, we will drive capital solutions for Meey Land,” said Mr. Mark Forsyth, Founder and CEO of Alamat Capital. “To achieve this, we will support financial strategic consulting, business planning and forecasting, and market development for the company’s proptech products, and participate in investment and the management of capital-attracting projects and assist the company in accessing capital sources from Alamat Capital’s partners. We expect that within the next year, Meey Land will gain access to reputable capital sources for product development, positive business transformation, and greater breakthroughs.”

Regarding the decision to cooperate with Meey Land and invest in the proptech sector in Vietnam, Mr. Forsyth said he considers Asia a promising market that is expected to develop at an exceptional pace, and Vietnam is its next destination. “We hold proptech businesses with a strong competitive edge, like Meey Land, in high regard,” he added. “Through the strategic cooperation, we expect to apply our experience in finance, proptech, and fintech to accelerate the company’s progress towards short and long-term goals.”

“We anticipate that cooperating with the Alamat Capital Fund will be a turning point propelling Meey Land forward,” Mr. Hoang Mai Chung, Chairman of the Board of Directors of Meey Land, said, “With a robust financial foundation and the appropriate use of capital for product and business development activities, Meey Land will advance more rapidly towards becoming a billion-dollar enterprise.”

During the signing ceremony, Mr. Nguyen Duc Tai, CFO of Meey Land, added that the agreement marks an important milestone in the company’s development process, taking the Meey Land brand to regional and international markets.