VinaCapital announced on March 10 that it has signed an MoU with the Ryobi Group to come together to work on real estate projects and other investment opportunities in Vietnam, including listed and private equity, venture capital, infrastructure, and energy.

One project with potential for collaboration is the development of a low-rise residential project in satellite cities surrounding Ho Chi Minh City being undertaken by VinaLiving, VinaCapital’s real estate investment arm.

Mr. Brook Taylor, COO of VinaCapital, said that as one of the fastest-growing economies in the world, Vietnam continues to present enormous investment opportunities across a wide range of sectors, from real estate and renewable energy to logistics and IT. “I am honored that Ryobi has once again selected VinaCapital to be its partner as it expands its participation in this market,” he said.

“We are excited by the potential of working with Ryobi, which is a leading conglomerate with a long track record of developing housing projects in Japan,” said Mr. Hieu Do, Executive Chairman of VinaLiving. “The development of areas adjacent to Ho Chi Minh City is a top priority for the government, and VinaLiving is already exploring a number of projects in these up-and-coming and fast-growing areas.”

Ryobi was founded as a railway company over 100 years ago in Okayama, Japan. Today, the group has over 40 subsidiaries in a wide range of sectors, including Transportation and Tourism, ICT, Total Life Services, Urban Development, Logistics, Town Development, and Healthcare. In 2015, it established the Ryobi (Vietnam) Distribution Service Co., Ltd., which has been operating the region’s largest multifunctional warehouse at the Saigon High-Tech Park in Ho Chi Minh City.

The strategic partnership between VinaCapital and Ryobi was established thanks to the engagement of Aozora Bank’s Japan Desk in Vietnam.