KDI Holdings and The Ascott Limited: Managing the Operations of Somerset Nha Trang at Libera Nha Trang – Phase 2

In a strategic partnership, Ascott will manage and operate the Somerset Nha Trang brand at Libera Nha Trang – Phase 2. Ascott’s involvement in product consulting and operational structure will be pivotal in ensuring the sustainable, synchronized, and differentiated development of Somerset Nha Trang. The goal is to create a livable, world-class urban model alongside the beautiful Nha Trang Bay.

Libera Nha Trang is envisioned to pioneer a livable, world-class urban area by the Nha Trang Bay, while also becoming a leading regional destination.

At the signing ceremony, Mr. David Cumming, Area General Manager for Vietnam, Cambodia, and Myanmar at The Ascott Limited, shared, “We are proud to establish a strategic collaboration with KDI Group, marking a new chapter in our journey towards realizing our shared vision of developing high-quality accommodation services in Vietnam. Somerset Nha Trang is our first presence of the Somerset brand in this paradise bay, and the project celebrates local culture and nature through iconic structures. These are the key differentiators and sustainability factors of the project. We believe in KDI Holdings’ commitment, professionalism, and sustainable development orientation, which are crucial for an effective and long-lasting partnership.”

Mr. David Cumming, Area General Manager for Vietnam, Cambodia, and Myanmar at The Ascott Limited, speaks at the event.

On behalf of KDI Holdings, Mr. Nguyen The Vinh, General Director of Vega City Joint Stock Company, a subsidiary of KDI, shared, “Libera Nha Trang is a key project that KDI Holdings has invested in with great dedication and expectations. We aim to pioneer a livable, world-class urban area by Nha Trang Bay, becoming a leading regional destination and elevating Nha Trang on the global tourism map. We believe that the collaboration between KDI Holdings and Ascott in managing and operating Somerset Nha Trang at Libera Nha Trang – Phase 2 will create new momentum for the project’s breakthrough. KDI Holdings is committed to focusing its resources and collaborating with reputable partners in design, construction, and utility development to deliver the best products and facilitate Ascott’s smooth operational activities. We aim to bring added value to customers and investors.”

Mr. Nguyen The Vinh, General Director of Vega City Joint Stock Company under the KDI Group, speaks at the event.

The Somerset brand, represented by Ascott, stands for a harmonious and sustainable lifestyle, offering spacious accommodations, refined amenities, and thoughtful services. Catering to international experts, families, and long-term guests, Somerset strives to create a connected, convenient, and friendly environment. With extensive experience and stringent operational standards, Ascott will ensure international service quality at Somerset Nha Trang, Libera Nha Trang – Phase 2. Combined with KDI Holdings’ well-planned vision and strategic land bank, this collaboration promises to elevate Libera Nha Trang into a globally operated urban model, delivering a worthy living experience and sustainable investment value.

The signing ceremony for the management and operation contract of Somerset Nha Trang at Libera Nha Trang – Phase 2 marks another important milestone in KDI Holdings’ journey of partnering with global brands. Previously, KDI Holdings has collaborated with renowned international and domestic brands in construction and operation, including Hyundai E&C, Gran Meliá Hotels & Resorts, Masteries Homes, and Coteccons, among others. Each chosen brand contributes to a complete operational ecosystem, underscoring Libera Nha Trang’s stature in Vietnam’s premium real estate sector.

About KDI Group

KDI Holdings is a diversified group with a presence in various industries, including real estate, resorts, entertainment, luxury yachting, high-end furniture, STEM education, and high-tech agriculture. Over the past decade, KDI Holdings has continuously endeavored to create diverse and quality products and services in each field. With a “creative aspiration,” KDI Holdings aims to bring sustainable and better values to customers and the community, striving to become the “most beloved group.”

About The Ascott Limited

The Ascott Limited is a leading international lodging owner-operator based in Singapore. Starting with the first international-class serviced residence in the Asia-Pacific region introduced by The Ascott Singapore in 1984, Ascott has grown to own and operate over 990 properties across more than 230 cities in over 40 countries. With a rich brand portfolio, including serviced residences, hotels, resorts, co-living properties, and accommodation for senior independents, Ascott offers a diverse range of experiences to cater to the varied preferences of international travelers.

About Libera Nha Trang

Strategically located in the heart of Nha Trang city, Libera Nha Trang is a well-planned 44-hectare urban development that seamlessly blends architecture, landscapes, and world-class living experiences. The project comprises prominent subdivisions, including a coral island operated by Gran Meliá Hotels & Resorts, the 5-star Meliá Nha Trang hotel, a vibrant shophouse area, elegant skyscrapers, and a comprehensive range of amenities. With 2 kilometers of private beachfront and three private beaches, Libera Nha Trang is not just an ideal destination but also a livable city, offering a desirable lifestyle and sustainable investment potential for the future.