Taiwanese developer Joyoung Universal Group on January 10 become a strategic shareholder to Tin Hung Investment, to expand real estate business in Vietnam and Taiwan.

The signing ceremony of the cooperation agreement between Joyoung Universal Group and Tin Hung Investment took place in Ho Chi Minh City.

As a shareholder, the Taiwanese corporation will invest financial resources in Tin Hung Investment and advise on business activities.

The two sides aim to expand business activities, not only making Tin Hung Investment a leading distribution unit, but also becoming a developer of high-end real estate projects in Vietnam and Taiwan.

Representatives of Joyoung Universal Group and Tin Hung Investment at the strategic shareholder signing ceremony

Trinh Quoc Thang, general director of Tin Hung Investment said that the investment from Taiwanese partners would help the company develop its full potential and strengths, increasing competitiveness in the market.

Tin Hung Investment, formerly known as Tin Hung Property, was found in 2020. This enterprise focuses on distributing real estate projects in the middle and high-end segments in large cities across the country and satellite cities of Ho Chi Minh City.

Meanwhile, Joyoung Universal Group, founded in 1989, is a renowned Taiwanese real estate group. It mainly operates in construction and real estate investment in Taiwan, China and Southeast Asia.

Apart from developing more than 50 real estate projects in Taiwan, Joyoung's business activities also cover the of manufacturing stainless steel, screws, auto components, yachts and smart home systems in Vietnam.