VN Dealbook: Hanoi gets two real estate projects worth $2.28b, Pan Food ups stake in Long An Food to 61%

VN Dealbook: Hanoi gets two real estate projects worth $2.28b, Pan Food ups stake in Long An Food to 61%

The design of the Manor Central Park, visual from Bitexco website.

Vietnam has seen some recent investment activity in real estate, with official approval coming through for two mega projects in Hanoi, which are collectively worth  $2.28 billion. The projects, to be developed by Vingroup, Vietnam’s leading property firm, and Bitexco Group, which is famous for the Bitexco skyscraper in Ho Chi Minh City. Meanwhile, in the food sector, Pan Food has purchased additional shares of Long An Food, to increase its holding to nearly 61 per cent.

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