MOU Signing Between Hoa Binh Construction Group and Glenvill Developments

November 11, 2024

On November 7, 2024, Hoa Binh Construction Group officially joined forces with Glenvill Developments in a strategic partnership to accelerate construction and real estate projects in Australia. This partnership is poised to drive substantial growth in the international construction sector, strengthening ties between Vietnam and Australia.

N/A — *Mr. Le Viet Hieu, Vice Chairman of Hoa Binh Group signing the MOU with Mr. Sam Tucker, Glenvill Developments Director of Sales.*

Notable Representatives in Attendance

The signing ceremony featured key leaders from both companies: Mr. Le Viet Hai, Chairman of Hoa Binh Group, and Mr. Le Viet Hieu, Vice Chairman, alongside Glenvill Developments’s Fionna Chuah, International Relationship Manager, and Sam Tucker, Director of Sales. Together, they all participated in discussions on strategic collaboration directions.

Backed by Auscham and the Australian Trade and Investment Commission

This event, held in partnership with the Australian Chamber of Commerce in Vietnam (Auscham), saw support from Trade Commissioner Johnathan Saw and Economic Consul Kayzad Namdarian. Both emphasized the strategic benefits of this collaboration for fostering economic growth and bilateral relations.

N/A — Representatives from Auscham, President Sam Conroy and Executive Director Edwin Law, alongside Trade and Investment Commissioner of Austrade, Johnathan Saw, and Economic Counselor Kayzad Namdarian, attended the ceremony.

Commitment to Growth and Future Potential

The ceremony set an optimistic, jubilant tone for future construction projects, with both companies committed to sustainable development that meets the demands of Australia’s real estate market. This partnership marks a major milestone for Vietnamese firms expanding globally, reinforcing Hoa Binh’s reputation and industry leadership on an international scale.

Future Projects and Development Potential

Glenvill has a growing project pipeline valued at over $2 billion AUD nationwide, with $750 million of this earmarked for Melbourne over the next few years. One notable project is a large-scale masterplan featuring 300 meters of riverfront, a major shopping mall, resort-style amenities, and four public parks. Furthermore, Hoa Binh and Glenvill are partnering to support the Victorian Government’s growth plan to build 60,000 homes in Melbourne over the next decade, addressing housing needs. Leveraging Hoa Binh’s in-house manufacturing capabilities with over 37 years of experience and Glenvill’s 66-year reputation, this collaboration presents effective solutions to bring more affordable, yet high-quality homes to the Australian market.

The Signing Ceremony at Glenvill’s New Sales Display in District 3

The signing ceremony was held at Glenvill’s new Sales Display in District 3, Ho Chi Minh City, providing locals with an opportunity to learn more about the Melbourne property market, immigration opportunities, and Glenvill’s ongoing and upcoming projects in Australia. This serves as a valuable resource for those interested in Australian real estate and investment opportunities, underscoring Glenvill’s commitment to fostering trade and investment ties between Vietnam and Australia.