Vietnam presents a value proposition for CapitaLand given its young population, rising income levels and rapid urbanisation. CapitaLand sees great potential in the real estate space particularly in offering affordable to mid end homes at competitive prices to the local residents. CapitaLand’s current presence in Vietnam is in the four major cities – Ho Chi Minh City, Hanoi, Hai Phong and Danang, in the residential and serviced residences sectors. In the residential sector, CapitaLand has a portfolio of close to 6,000 quality homes across six residential projects in Ho Chi Minh City and Hanoi. In the serviced residence sector, its wholly-owned serviced residence business unit, The Ascott Limited, has a portfolio of more than 1,800 apartment units in 13 properties across the four major cities, making it the largest international serviced residence owner-operator in the country. CapitaLand will continue to contribute to the Vietnamese economy by hiring and nurturing a strong local team, exchanging knowledge and skills with local partners and contributing to the local communities’ underprivileged children and environment through corporate social responsibility efforts. In Vietnam, CapitaLand (including Ascott) has about 630 staff who are predominantly locals. In line with its credo of “Building People”, CapitaLand is committed to nurturing local talents with a global outlook and actively engaging them in the company’s development. CapitaLand is committed to build quality homes and serviced residences for the local communities and the expatriates in Vietnam.