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Large-Scale Township Development in Bac Ninh Province, Northern Vietnam Participation in the "Hong Hac City Project"
- Nomura’s Largest Project in Vietnam(*1): A Mixed-Use Township Development Spanning Over 10 Years -
July 28, 2025
Key points in this release
- Launching a new long-term project based upon over 10 years of trusted partnership with the local partnercompany, Phu My Hung
- Nomura’s largest Vietnam operation of a mixed-use township development with a total 285 billion yenproject cost(*2) and about 200 hectares
- Forging a strategic profit structure with this new long-term/stable-profit project, with short-term/highefficiencyprojects traditionally operated
Nomura Real Estate Development Co., Ltd. (“Nomura Real Estate”, Head office: Shinjuku-ku, Tokyo; President and Representative Director: Daisaku Matsuo) and Phu My Hung Development Corporation ("Phu My Hung") have jointly launched the "Hong Hac City Project" ("the township") in Bac Ninh, one of the leading industrial zones of Vietnam adjacent to Hanoi .
Since 2015, Nomura and Phu My Hung have maintained and strengthened a stable cooperative relationship through Vietnam's rapid economic growth. With the aim of further deepening and forging this partnership, we are now embarking on a new, large-scale, long-term development project that will span more than 10 years.
- (*1) Comparison of total project costs in Vietnam-based projects of Nomura
- (*2) 1 USD = 144.02 JPY (as of May 31, 2025)
For details, please check the PDF below
Press Release