This project, led by Huu Toan as the primary investor, is poised to become a new icon in the hospitality sector, catering to the growing demand for internationally-standard serviced apartments in the heart of the Mekong Delta. Representatives from both parties, Mr. Ta Huu Toan, Board Member of Huu Toan Corporation, and Ms. Venessa Koo, Vice President of Market Development at The Ascott Limited, officiated the signing ceremony of the new project’s management contract.
Meeting the Development Needs of an Economic and Tourism Hub
As the economic, cultural, and educational epicenter of the Mekong Delta, Can Tho is experiencing robust growth fueled by key industries such as high-tech agriculture, logistics, trade, and renewable energy. Alongside economic expansion, the local tourism sector is booming, with a surge in domestic and international visitors flocking to renowned attractions like the Cai Rang Floating Market, historical landmarks, and riverine tourism experiences.
Once legal formalities are completed, the project is expected to fill the gap in internationally-standard accommodations, elevate service infrastructure, and contribute to Can Tho’s sustainable development.
Commitments from Strategic Partners
Mr. Ta Huu Toan, Board Member of Huu Toan Corporation, delivering remarks at the signing ceremony
Speaking at the event, Mr. Ta Huu Toan stated, “The management contract signing with The Ascott Limited marks a significant milestone in Huu Toan’s diversification strategy. We are committed to developing a serviced apartment project that meets international standards while embodying the unique cultural essence of Can Tho. This partnership with a globally renowned entity underscores our dedication to elevating the Huu Toan brand and fostering sustainable regional growth.”
Mr. David Cumming, Regional General Manager for Vietnam, Cambodia, and Myanmar at The Ascott Limited, pledges support for Huu Toan
Mr. David Cumming remarked, “Ascott is dedicated to delivering world-class hospitality while preserving and celebrating local heritage. We are committed to collaborating with Huu Toan to establish this project as a new benchmark for accommodations in the Mekong Delta.”
Huu Toan – Expanding from Industry to Premium Real Estate
With over four decades of leadership in industrial manufacturing and energy solutions in Vietnam, Huu Toan Corporation’s venture into real estate and hospitality signifies its long-term strategic vision and ambition to establish a globally recognized Vietnamese brand. This initiative aims to create enduring value for the community.
Huu Toan and Ascott commemorate the signing ceremony with a group photo
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