SINGAPORE, 7 May 2024: Kempinski Hotels, Europe’s oldest luxury hotel company, is venturing into Vietnam with a waterfront property on the banks of the Saigon River.
The 100-room hotel is being developed in cooperation with Vietnamese property developer Ecopark Corporation, which owns other luxury hotels across Vietnam and has a portfolio of real estate projects that include residences, schools, retail and universities.
Situated in Dong Nai on the outskirts of Ho Chi Minh City, Kempinski Saigon River is part of a broader 55-hectare development that includes residences, schools, a sports club, and retail areas along 700 metres of riverfront. The development is connected to Ho Chi Minh City via a 45-minute speedboat service.
Dong Nai is undergoing a major infrastructure expansion and improvement project to reduce travel times and foster economic growth. The project includes road and railway network improvements, waterways, and a new airport. Currently under construction, Long Thanh International Airport will be among the largest in the world when complete, with a capacity for up to 100 million passengers per year.
