Catenaa, Tuesday, October 14, 2025-Japan’s Nomura Real Estate Development has solidified its position as one of Vietnam’s largest foreign property investors, committing more than $1 billion across multiple joint ventures with leading local developers, according to The Investor Vietnam.
Since entering the Vietnamese market in 2015, Nomura has developed over 30,000 housing units and premium commercial properties, primarily through strategic partnerships with Vingroup, Phu My Hung, Ecopark, and CapitaLand.
Its latest and largest deal involves acquiring a 49% stake in the $1.1 billion Hong Hac City project in Bac Ninh province.
In Ho Chi Minh City, Nomura and Mitsubishi Estate jointly hold an 80% stake in two residential subdivisions of Vinhomes Grand Park, valued at nearly VND13 trillion ($493 million).
The company also maintains significant positions in major projects including Vinhomes Royal Island in Hai Phong and Swan Lake Onsen Residences in Hanoi.
Nomura’s approach centers on majority stakes in ventures with trusted Vietnamese partners to balance control and risk while leveraging local expertise. The strategy has made Vietnam a core profit engine within Nomura’s overseas expansion, Chief Operating Officer Daisaku Matsuo said in April.
The developer plans to invest JPY150 billion ($1 billion) globally between 2025 and 2027, with Vietnam remaining a key focus. Despite its heavy exposure, Nomura aims to diversify further into markets such as the UK and the Philippines.
