Czech Republic’s Largest Real Estate Tycoon Plans €1 Billion Investment in Vietnam’s Third-Largest Megacity

CTP aspires to secure licensing and land leasing in Hai Phong to develop advanced industrial parks featuring Ready-Built Factories (RBF) and Ready-Built Warehouses (RBW).

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Recently, Mr. Lê Tiến Châu, Secretary of the Hai Phong City Party Committee, along with a working delegation, held a meeting with Mr. Remon Leonard Vos, CEO of CTP Group—the largest commercial real estate management and development corporation in the Czech Republic, headquartered in Brno. This was reported by the Hai Phong Electronic Information Portal.

During the meeting, representatives from the Hai Phong Economic Zone Management Board and CTP Group signed a Memorandum of Understanding (MoU) to establish a cooperative relationship. This MoU outlines CTP’s commitment to developing high-tech industrial zones offering comprehensive services in Hai Phong. Under this agreement, CTP pledges to invest 1 billion Euros in Hai Phong in the near future.

Signing ceremony between the Hai Phong Economic Zone Management Board and CTP Group. (Photo: Hai Phong News Portal)

CTP seeks land allocation and leasing permissions in Hai Phong to develop high-tech industrial zones, including Ready-Built Factories (RBF) and Ready-Built Warehouses (RBW). These projects will adhere to CTPark’s unique standards, which have proven successful in attracting high-tech investors and creating job opportunities.

CTP is a leading industrial and logistics platform in the Czech Republic, with over 1,500 tenants and an annual rental income of 757 million Euros. The company specializes in developing large-scale, economically vibrant real estate parks, adhering to high standards in methodology, processes, technology, and construction materials. CTP is also a market leader in the CEE region, Europe’s fastest-growing area, with 20 BREEAM-certified parks in the Czech Republic.

According to a report from the Hai Phong People’s Committee, from the beginning of 2025 to October, the city attracted 165 new foreign direct investment (FDI) projects, totaling over 1.2 billion USD. Of these, 88 projects in industrial and economic zones accounted for 1.1435 billion USD (91.64%), while 77 projects outside these zones accounted for 104.3 million USD (8.36%).

During the same period, Hai Phong recorded 120 capital increase adjustments, totaling 990.4 million USD, and 25 capital contributions or share purchases, totaling 69.97 million USD.

To date, Hai Phong has 1,761 active FDI projects with a total investment of 50.64 billion USD. These include 1,017 projects in industrial and economic zones, totaling 42.80 billion USD, and 744 projects outside these zones, totaling 7.84 billion USD.

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