Nguyễn Xuân Hương, general director of TMS Homes, an affiliate of TMS Group, says Việt Nam is receiving a wave of investment from Japan in its property market.
Hương was speaking to Vietnam News Agency before an investment promotion conference TMS Group plans to organise in three major Japanese cities next week to seek potential partners for cooperation in its property developments in Việt Nam.
Nguyễn Xuân Hương
Why has TMS Group chosen Japan as the first country for its investment promotion efforts?
TMS Group decided to select Japan as the first destination country for its real estate investment promotion because Japan is one of Việt Nam’s most important trade and economic partners. Japan is the second largest investor in Việt Nam with a total investment of US$55.2 billion, the third largest tourism partner with 800,000 Japanese tourists visiting Việt Nam and the fourth largest trade partner with a value of $33.5 billion in 2017.
Việt Nam is receiving a wave of investment from Japanese firms in the real estate sector. We want to take advantage of this to seek partners for our real estate developments. The co-operation with Japanese firms will be a wonderful opportunity for us to affirm our capacity, consolidate our brand, access new financial and quality construction material sources, benefit from their management experience and bring high-quality products to the Vietnamese people.
TMS Group has more than 15 years of experience in working with prestigious Japanese partners in the field of manpower supply. This is a good opportunity for us to further co-operation in the property sector.
In short, the proactivity in introducing our image and seeking co-operation with Japanese firms will underline the spirit, confidence and professionalism of TMS Group.
Meeting the stringent standards of Japanese partners will be good for Vietnamese firms in general and TMS Group in particular amid international integration.
Property is among the sectors in which there is fierce competition between domestic and foreign companies. How do you hope to develop in such a competitive market?
To adapt and survive in a fiercely competitive market like real estate, we have made careful preparations in all phases, from improving personnel and corporate governance to completing legal procedures and infrastructure for projects the group plans to develop.
In order to consolidate the brand position of TMS Group and become one of the leading and prestigious property developers in Việt Nam, we constantly make efforts to offer high-quality products to the market, optimising returns for investors, enhancing quality of life for the community, and fulfilling our social responsibilities. We always make careful preparations in terms of human resources because, for us, manpower is the core factor in success. TMS Group now has enthusiastic and talented young workers with an average age of 30-35.
Improving corporate governance system is always a focus to achieve optimal efficiency.
Besides, our real estate projects are not only in prime locations and of large scale but also bring benefits to the community, thanks to international standard designs, modern facilities and amenities, timely construction progress, assured quality and safety, and premium sales policies to bring the greatest economic benefits to our investors.
Besides real estate and manpower supply, TMS is also operating dynamically in education, healthcare and high-tech agriculture. These are also Japan’s strengths. Will TMS Group tie up with Japanese partners in these sectors too?
In our co-operation and investment promotion plan with Japan, while the spearhead is real estate, education and healthcare also feature.
As we know, Japan has the fourth best healthcare system in the world. The Japanese university education system is among the top three in Asia.
The tie-up with Japanese firms will enable TMS to bring international standard healthcare and educational services to Vietnamese.
Can you say something about TMS Group’s development strategies in the near future?
TMS Group, formerly Thái Minh International Joint Stock Company, was founded in 2004. Over the last 15 years the company has done exceedingly well in manpower, education and training.
TMS Group seeks to become a multi-sector group with 6,000 workers and dozens of subsidiaries and representative offices in a number of countries, including Japan and Australia. We are focusing on six sectors: real estate, manpower supply, education and training, commercial services, healthcare, and high-tech agriculture with real estate being the spearhead.
With a vision for sustainable development, TMS Group is constantly striving to affirm the prestige of its brand name in the domestic market and gradually expand into the international market. In future, our biggest goal is to constantly improve our human resource and product quality to meet the requirements of our customers and international partners. This is an important premise for us to do well in the international market.
Besides, we will continue to organise investment promotion conferences in countries like South Korea and Australia to introduce our potential projects and find prestigious partners.