On May 22, in the lead-up to the 35th anniversary celebration, Ba Ria – Vung Tau House Development JSC and 54 Sports and Entertainment Agency officially signed a strategic cooperation contract. This opened up a promising new chapter in the integration of real estate and golf and demonstrated a pioneering and international orientation of HODECO.
This was an inevitable step forward aiming to accompany sustainable development, elevating Ba Ria – Vung Tau’s position as a leading destination on the map for tourism and investment in Vietnam by creating a high-class and distinctive living value.
HODECO and 54 signed a strategic cooperation contract.
Ba Ria – Vung Tau: a potential destination in the field of golf tourism and premium real estate
Golf sport and golf tourism have a significant growth rate in Vietnam. The government has recognized golf as a specialized and important tourism product in the Master Plan for tourism development to 2030. In the mutual circumstance, Ba Ria – Vung Tau province stands out as a focal point with full of promise. It has proved the position one of the fastest-growing coastal tourism provinces in Southern Vietnam. The provincial government identifies golf as a new motivation in the Master plan of sustainable tourism development, not only raising the land value, but also attracting resort property investment. The policies to the demand for tourism, festivals, and international conferences often integrate the golf factor to enhance their appeal and better attract high-end customers.
HODECO’s vision: Creating exceptional living value with Golf
With pioneering aspirations to build a thriving and sustainable society, HODECO – the leading construction and real estate enterprise in southern Vietnam with over 35 years of experience – is gradually implementing the new development strategy. In particular, golf is considered not only a professional facility, but also a platform for community connection, a carrier of spiritual value, and a contributor to creating long-term living value. It plays a strategic role in HODECO’s journey toward sustainable development across its projects.
To turn its aspirations into reality, HODECO has collaborated to 54, global network group with 10 offices across 5 continents and extensive experience in golf. With the prestige and professionalism proven by the cooperation with the world’s leading golf organizations and other reputable golf courses, 54 is an ideal partner for the global aspiration of HODECO in the field of real estate related to the luxury sport.
Strategic Partnership agreement between HODECO and 54 will be implemented in 5 main categories:
– Consulting and developing real estate projects integrated with Golf elements: Developing resort projects that incorporate golf facilities at major destination resorts.
– Connecting with international partners: establish a network of experts in architecture, operation, training, sustainable development, and brand strategy.
– Strategic positioning: Aligning the projects related to golf with the national golf development strategy and the major travel-sport ecosystem in Vietnam.
– Investment promotion and event organization: Participating in international events such as a golf tournament, an exhibition, and a specialized conference to introduce HODECO’s products to the market.
– Industrial park model paired with golf course: The breaking point in this agreement is the development of an industrial park model integrated with a golf course. This model aims to optimize land utilization, enhance green space, and create a luxury living and working environment for experts and investors in the new manufacturing area.
Mr. Doan Huu Thuan – Chairman of HODECO’s BOD shared: “We perceive golf as an essential part in modern urban planning, an inevitability of developing orientation of Ba Ria – Vung Tau area. Golf helps increase the land value, enhance aspects of the green economy, enhance the appeal of luxury real estate, match the growing needs of the market, and attract visitors, investors, and experts to Ba Ria – Vung Tau.
This is the vision for the Wonderland major project, an eco-tourism area planned sustainably, providing a destination for the whole family and an experience for all generations, ensuring respect for the natural environment while achieving, preserving the natural beauty for the next generation. It features a balanced area mixed of entertainment, health care, villa, an ecological resort of 5-star standard, and notably is unique 18-hole golf course with its natural terrain. Wonderland promises to become a new symbol of harmonious combination between the high-class living space and ultimate golf experience in Ba Ria – Vung Tau”. Mr. Ben Styles, CEO of 54, emphasized, “Ba Ria – Vung Tau is always rich in potential with a strategic position and the rarest natural attraction. Over a decade ago, when we first brought an international golf tournament here, I believed that this place could become a leading tourist and investment center of the area. Today, my faith is given more power when we collaborate with HODECO, a pioneering enterprise, responsive to global trends on golf, real estate, and lifestyle.
With international qualification and 54 integrated ecosystem, we aim to bring a breakthrough development model, where golf is blended in life space, to create the new standard for real estate and the community. In Ba Ria – Vung Tau, golf is not only a sport experience, but also a platform for community connection, assigning value to projects, promoting the tourism economy, sport economy, and opening up investment opportunities sustainably.
We believe this will be a favorable destination for the local market, visitors, investors, and new citizens looking for a quality lifestyle connected to nature, movement, and the spirit of integration”.
This signing is the first step for a long-term strategy, combining real estate, industry, sport, and lifestyle. In the context, Ba Ria – Vung Tau has become the new epicenter of resort tourism and the South’s infrastructure investment. the collaboration between HODECO and 54 will turn the next chapter for sustainable urban development related to the global trend.
INTRODUCTION OF HODECO
With a 35-year journey of growth, Ba Ria – Vung Tau House Development JSC (HODECO) has proved the position as one of the most prestigious and leading real estate enterprises in the South, particularly in Ba Ria – Vung Tau, where HODECO has left its mark with over 30 large-scale projects and nearly 7000 high-quality real estate products.
HODECO is originally a state-owned enterprise founded in 1990 and officially equitized in 2001. HODECO possesses the ecosystem that includes the parent company, 3 subsidiaries, 4 affiliated companies, and 1 branch – the Fusion Suite Vung Tau Hotel. Hodeco’s ecosystem operates synchronously in various investment sectors, including urban, residential development, and real estate services…And it is gradually expanding in other sectors with the goal of becoming one of Vietnam’s leading economic groups.
During its growth period, HODECO has taken the true value as its foundation. Each step always aims to create human-centered living space, synchronous infrastructures, and prosperous communities.
With the collaborative spirit of openness, transparency, and strategic vision, HODECO is constantly expanding its partnerships with reputable collaborators, together creating sustainable value for both the present and future.
INTRODUCTION OF 54 GROUP
54 is a leading sports and entertainment agency operating across 5 regions and 10 offices: United Kingdom (London), Europe (Sotogrande, Spain), MENA (Riyadh, Saudi Arabia & Abu Dhabi, United Arab Emirates), APAC (Singapore, Vietnam & Adelaide, Australia) and USA (West Palm Beach, Florida). It works with rights holders, governing bodies, household brands, and major investors who share its belief in the power of sport. 54 comprises three service areas, each consisting of two divisions: Strategic Advisory (Consultancy and Data & Insights), Asset Optimization (Operations and Commercial), Activation & Engagement (Events and Marketing). At its core, the company has an unwavering belief in embracing the opportunities offered by pushing at the edges of conventional wisdom.
