June 25, 2024
Japan Overseas Infrastructure Investment Corporation
For Transport & Urban Development (JOIN)

JOIN Supports the Large-scale Residential
Urban Development Project in Hai Phong, Vietnam
Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (“JOIN”
headquartered in Tokyo, President & CEO: Tatsuhiko Takesada) together with Nomura Real Estate
Development Co., Ltd. (“NRED”, headquartered in Tokyo, President: Daisaku Matsuo), Toshin
Development Co., Ltd. (headquartered in Tokyo, President: Shinsuke Kuramoto) and Taisei
Corporation (“Taisei”, headquartered in Tokyo, President: Yoshiro Aikawa) which collectively arereferred to as “Japanese Consortium” to invest up to approximately JPY 24 billion (as of January,2023). The investment decision was approved by the Minister of the Land, Infrastructure, Transportand Tourism of Japan on January 27, 2023 enabling JOIN to participate in the urban development
project –the Large-scale Residential Urban Development Project in Hai Phong, Vietnam(“Project”) .
This announcement is being made today because the related parties have completed the coordinationon the business implementation and investment of the project.
The project is located in Vu Yen Island (Namely Royal Island) in Hai Phong City which has the thirdlargest population in Vietnam, spearheaded by Vinhomes Joint Stock Company (headquartered inHanoi, Chairman: Pham Thieu Hoa), the largest real estate developer in Vietnam. The Project is alarge-scale urban development initiative involving the development of 1,550 residentials and otherfacilities on approximately 23.9 hectares of land. Japanese Consortium will take the lead in this Project.
The Project aims to provide safe, secure and reliable quality housing by leveraging on the expertiseJapanese companies have accumulated over the years both domestically and internationally in productplanning and management of quality construction. JOIN supports the project to promote thedevelopment and supply of large-scale residential facilities led by Japanese Consortium in Hai Phong
City, where there is a population influx due to steady economic development.
The Royal Island Project spans approximately 870 hectares with a total of about 8,300 housing units,
making it the largest urban mixed-use township development in the Hai Phong area. The residential
plan includes various types of housing such as town houses, semi-detached villas, and detached villas,with the development of multiple facilities aimed at improving the living convenience of residents,
such as large-scale shopping malls, schools, commercial facilities, and amusement parks.
Furthermore, the Royal Island Project includes the construction of a bridge connecting the old town

(CBD area) of Hai Phong City with Vu Yen Island, thereby improving convenience for residents
and enhance the urban functions of Hai Phong City.

This project also aligns with Japan’s priority policy on contributing to resolving social issues andachieving SDGs in partner countries stated in the objectives of the Japanese government’s"Infrastructure System Overseas Promotion Strategy 2025 " (approved by the Infrastructure Strategy
Council of Keidanren on June 1, 2023), particularly Goal 9 ("Infrastructure Development") and Goal
11 ("Urban Development"), which aim to contribute to solving social issues and achieving SDGs intarget countries.
（Completion Image）（Project Overview）
Use: Residential and other facilities
Site Area: Approximately 23.9ha
Total Units: Approximately 1,550 units
Schedule: Commence Construction in March,2024*The above information may be subject to change because the Project is in planning stage.
Press Contacts

JOINProject Department, Tachibana
Mail：info@join-future.co.jp

（Project Scheme）（Location）©OpenStreetMap contributors

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