Four Women from Pham Nhat Vuong’s Family Invest in the Same Company
In mid-October, Vingroup announced the launch of Vin New Horizon – Vietnam’s first international-standard senior living and retirement urban chain. This marks a new strategic pillar within Vingroup’s ecosystem, catering specifically to the elderly.
Vin New Horizon is built on six core principles: Health, Enjoyment, Happiness, Connection, Longevity, and Serenity. These principles are integrated into each urban area, spanning 20-50 hectares, to meet essential needs such as housing, wellness, healthcare, education, and entertainment. The aim is to inspire seniors to cherish every moment of their lives.
According to the company’s registration on October 23, Vin New Horizon has a charter capital of 1 trillion VND, with Vingroup holding 65%.
Pham Thu Huong, wife of Pham Nhat Vuong, owns 32% of the charter capital and serves as the Chairwoman and legal representative of the company.
Two daughters-in-law, Nguyen Phuong Nhi and Bui Lan Anh, along with Pham Nhat Vuong’s daughter, Pham Nhat Minh Anh, each hold 1% of the charter capital.
Vingroup plans to develop Vin New Horizon across multiple provinces, starting with Can Gio, Ho Chi Minh City. This will be the first high-end retirement community, offering an unparalleled quality of life: a pollution-free, green, and smart environment surrounded by the UNESCO-recognized 75,000-hectare forest and the Pacific Ocean.
Senior Living Real Estate: A Potential Goldmine
According to VARS, senior living real estate is a highly promising segment due to Vietnam’s rapidly aging population and limited competition in this niche market.
Experts agree that senior care services are an inevitable investment. With proper development, this sector could become a goldmine for real estate and services.
In countries like Japan, Germany, Sweden, and Australia, senior housing has evolved into integrated ecosystems, combining housing, healthcare, community activities, and psychological support.
Models like the U.S.’s Continuing Care Retirement Communities (CCRC) and Japan’s smart aging villages offer multi-tiered services, from independent living with medical supervision to specialized care for chronic conditions. These models emphasize independence, social connection, and professional care tailored to health needs.
A key takeaway is the need for a comprehensive ecosystem rather than isolated projects.
In Vietnam, senior living real estate remains unfamiliar. VARS IRE reports only a few dozen private and public facilities, mostly offering basic services. Ho Chi Minh City, for instance, has just 7 public and 13 private senior care centers in 2024.
Recently, major corporations like Vingroup and Sun Group have shown interest. Vingroup partnered with Japan’s Well Group for a high-end senior care center in Hanoi, while Sun Group announced the Sun Urban City project in Ha Nam, integrating a hospital, senior care, and community spaces.
Other developers, such as Tran Anh Group, Novaland, and VinaLiving, have also revealed plans for senior care facilities. However, these projects represent only a fraction of the market’s potential.
Recognizing this potential, Vingroup launched Vin New Horizon, offering seniors a tailored living experience. The urban project includes a 5-star senior hospital and specialized centers for cardiology, neurology, orthopedics, nutrition, mental health, and anti-aging, along with wellness therapies.
According to Nguyen Viet Quang, Vice Chairman and CEO of Vingroup, the biggest challenge for seniors in Vietnam and globally is the lack of an environment that supports a fulfilling and independent life.
Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokerage Association, believes that senior housing is timely, especially with the expanding middle and upper classes, aged 30-55 and 40-65, respectively.
Senior housing promises a lucrative market.
These demographics will drive demand for high-end housing, including senior living, in the coming decade. Vietnam’s natural beauty, culture, and lower living costs also attract foreign retirees and overseas Vietnamese.
VARS Chairman believes senior housing will unlock a promising market, meeting modern seniors’ needs. Developers can capitalize on high demand and benefit from national policies promoting smart, decentralized senior care.
Additionally, senior housing projects are often located in suburban areas with lower land costs, reducing input expenses and benefiting from improving transportation infrastructure.
Vingroup and Billionaire Pham Nhat Vuong’s Family Launch V-Film for Film, TV, and Music Production
This company boasts a chartered capital of 10 billion VND, entirely owned by Vingroup and the family of Mr. Pham Nhat Vuong.
Breaking: Billionaire Pham Nhat Vuong’s Daughters-in-Law and Granddaughter Invest in Vingroup’s Elderly Care Company
In mid-October, Vingroup unveiled Vin New Horizon, Vietnam’s first international-standard premium retirement and senior living urban service chain. This marks a new strategic pillar within Vingroup’s ecosystem, exclusively tailored for the elderly.
High-Speed Rail Route Adjustment: Connecting Ho Chi Minh City Center to Can Gio
The high-speed rail line connecting downtown Ho Chi Minh City to Can Gio will originate from the Ben Thanh Market area, rather than the previously proposed Tan Thuan Ward (former District 7).
Where Does Vingroup Stand Among Southeast Asia’s Largest Conglomerates with a Market Cap of 850 Trillion VND?
Among Southeast Asia’s top 15 largest market capitalization giants, Vietnam boasts only one representative, Vingroup, while Thailand claims three, and both Singapore and Indonesia each contribute five names to the list.
Unprecedented: Can Gio to Directly Connect to Ben Thanh Ward Center (Former District 1), Ho Chi Minh City
Chairman Nguyễn Văn Được concluded that the Ho Chi Minh City People’s Committee supports the investor’s proposal to adjust the starting point of the route from Tân Thuận Station to Bến Thành Station.
