Japanese developer Meada Group has recently expanded its portfolio in Vietnam by partnering up with domestic Thien Duc Company to build Waterina Suites, a high-end residential project in District 2 of Ho Chi Minh City.
According to Tetsuo Kida, general director of Meada-Thien Duc, the developer of Waterina Suites, this project will be a milestone of Japanese technology and style reaching the high-end segment of the Vietnamese property market.
Different from other Japanese developers who are mostly involved in investment sharing or management projects in Vietnam, Meada will be directly involved in all steps of this project, from investment contribution, design, construction, project appraisal, and even project management after the construction is finished.
![]() |
Meada has been operating in Vietnam for many years with outstanding projects, such as the construction of Damin Power Plant in 1997, Tan Son Nhat Airport Terminal in 2004, and currently Metro Line 1 in Ho Chi Minh City.
Waterina Suites was designed by Kengo Kuma, a famous Japanese architect who is the author of more than 70 famous construction works worldwide, including Harbour in Sydney (Australia), Folk Art Museum in China, and Saint-Denis Paris Terminal in France.
With prices starting from $3,100 per square metre, Meada Thien Duc committed that the quality of Waterina Suites will be an equal to those in Tokyo.
“Japanese customers have been favouring high-end apartment units since the 1960s. When the infrastructure system in Vietnam improves, I do believe that apartment units will also be more popular in Vietnam,” Tetsuo Kida told VIR.
The participation of Meada in particular and other Japanese real estate developers in the Vietnamese real estate market has highlighted the sector’s potential.
Masakazu Yamaguchi, CEO of Creed Group, which is also cooperating with domestic developers in Vietnam, said that investments from Japan in education, IT, and real estate are on the rise.
The real estate market, according to Yamaguchi, shows high demand. “In Southeast Asia, Vietnam is the most interesting market for Creed Group,” he confirmed.
Another big fish from Japan that recently joined the Vietnamese real estate market is Kajima, which teamed up with Indochina Capital to develop a range of property projects in Vietnam with the total investment capital of nearly $1 billion. This newly established joint venture will develop residential, hospitality, and resort projects in Hanoi, Danang, and Ho Chi Minh City.
After announcing its joint venture with Indochina Land, Kajima is actively pushing the progress of its projects. Accordingly, the three first hotels will be officially announced at the end of 2017. These will be the first partisans of a hotel chain developed by the Kajima-Indochina joint venture in the time to come.
“Japanese people are famous for their strict discipline and technology, therefore projects with Japanese involvement focus heavily on quality, comfort, and efficiency,” said Kida.
One of the very first investors in the Vietnamese real estate market from Japan was Tokyu, which is currently developing the $1.2-billion Tokyu Garden in the southern province of Binh Duong, 30 kilometres from Ho Chi Minh City. This project will consist of approximately 7,500 residential houses, commercial facilities, and offices.
Many other Japanese investors joined the field, including Mitsubishi Group, Daibiru, the Global, Hankyu Realty and Nishi Nippon Railroad.
From a property-market perspective, Do Thi Thu Giang, National Director of Valuation and Advisory at Savills Vietnam, said the orientations under Resolution No. 21-NQ/TW could make the market more transparent and efficient, with property values increasingly tied to actual development and use potential.
Chinese carmakers are putting new pressure on prices and technology while testing Vietnam’s ability to retain more value.
Science and technology, innovation, digital transformation and AI must be translated into higher productivity rather than pursued as ends in themselves. At the same time, people should be placed at the centre of development, not merely viewed as a resource but as the ultimate objective of development policies.
US retail giant Target is seeking Vietnamese suppliers of household goods, home textiles, children’s products, personal care and beauty products, with a focus on companies capable of manufacturing and developing products that meet requirements on quality, design and supply chain management.
The annual event, which will be held on August 18-19, 2026, at the ICE International Exhibition Centre, 91 Tran Hung Dao Street, Hanoi, is expected to attract around 324 delegates and feature 21 booths representing credit institutions, payment intermediary service providers, and technology companies.
Vietnam should give priority to areas where it has potential to build strengths, particularly manufacturing and packaging.
Vietnam has built a solid semiconductor and electronics industry before joining ITSI, attracting major US semiconductor companies. Intel Products Vietnam is one of Intel's largest assembly and testing facilities worldwide, while chip design companies such as Synopsys, Cadence, Marvell and Qualcomm have established engineering and research centres in the Southeast Asian country.
According to the Ministry of Construction, Vietnam has around 2,500 old apartment blocks and collective housing complexes built before 1994, covering about 3 million square metres of floor space, mainly in Hanoi and Ho Chi Minh City. Of these, around 196 have been classified as severely deteriorated and unsafe.
Durian exports reached nearly 1.1 billion USD in the first six months of 2026, up 32% year-on-year. The industry's strongest export season, however, is still ahead.
The country's agro-forestry-aquatic product exports reached nearly 42.8 billion USD in the January–July period, up 7.5% year-on-year and equivalent to almost 60% of the annual target of 74 billion USD.
During the first seven months of 2026, Vietnam attracted more than 38 billion USD in registered FDI, up nearly 58% year-on-year. More importantly, the increase was driven by large-scale, high-tech projects rather than a surge in the number of new investments, signalling a significant improvement in the quality of capital inflows.
Manufacturing and engineering posted the strongest recruitment growth, with hiring demand surging 70% year-on-year, driven by production expansion, supply chain restructuring and sustained investment inflows in high-tech manufacturing.
Vietnam's total import-export turnover reached 659.58 billion USD in the first seven months of 2026, up 28.1% year-on-year.
The projects in Phu Quoc have been implemented under tight deadlines. Since May 2025, the Prime Minister has directed preparations for APEC 2027, including accelerated infrastructure development on the special zone. An Giang province and investors have subsequently launched a number of major projects involving complex technical requirements and demanding construction schedules.
The NSO also reported that realised FDI reached an estimated 15.2 billion USD during the January-July period, an increase of 11.8% from a year earlier and the highest seven-month disbursement recorded over the past five years.
Household deposits at banks reached a new high of 10.8 quadrillion VND (414 billion USD) at the end of May, up more than 108 trillion VND from April and increasing by 4.76% from the beginning of the year, equivalent to nearly 492 trillion VND.
The plan seeks to develop a balanced and modern financial market that is closely integrated with regional and global markets, strengthens the mobilisation and allocation of domestic and foreign capital, and enhances the market’s role as a key provider of medium- and long-term capital for the economy and as a major driver of sustained high economic growth.
Under the province's master plan for 2021–2030 with a vision to 2050, An Giang will prioritise investment in five strategic sectors: strategic infrastructure; processing industries and clean energy; trade, services, logistics and border-gate economy; high-quality tourism; and high-tech agriculture, ecological development and the circular economy.
According to the VCCI, these measures are not only necessary for managing potential risks arising from US trade actions but also crucial to enhancing competitiveness and meeting growing international expectations on compliance, product origin, quality and transparency.
Businesses say the biggest obstacle to reducing emissions and transforming production models remains the lack of financial resources needed to upgrade technologies, modernise production lines and build governance systems that comply with global sustainability standards.