Haseko Corporation (Japan) and Ecoba Vietnam Joint Stock Company have officially announced that they have reached an agreement on Haseko's acquisition of 36% of the shares dividing into two phases of Ecoba Vietnam, a leading company in the field of design - construction - finishing of works and a professional manager in the field of construction, specialized in the fields of Urban Development, Industrial Facilities, Environmental Solutions and Renewable Energy.

Haseko Corporation is one of the leading condominium contractor and development corporations in Japan with total assets of up to USD 6.8 billion, since 1968, Haseko has built 651,719 apartments. The corporation has also built 10% of existing apartments in Japan, accounting for 32% market share of apartments in Osaka and Tokyo. Haseko started to invest in Vietnam market in 2012 as the Investor of “The Authentic”- high-end apartment projects according to Japanese standards. In Haseko’s five-year business plan “HASEKO Next Stage Plan (NS Plan)” which is newly launched in April 2020, the construction business in overseas is one of the key strategies. HASEKO has been looking for partners to strengthen Haseko’s business by focusing on establishing the Design & Build system as a priority issue by utilizing real estate investment.

For signing the agreement, the two parties spent almost 8 months with dozens of meetings to learn about the capabilities, operation, and find common points about the vision and management views before deciding long-term strategic cooperation. Haseko evaluated Ecoba Vietnam as a construction enterprise that has made impressive progress in recent years with an international standard management system, a strong innovation foundation and high adaptive capacity. With revenue doubling over many years, Ecoba has been managing and controlling its goals, retaining customers’ trust and building up brand loyalty. As a result, this company has been successively winning large projects across the country such as Lancaster Luminaire, Flamingo Cat Ba Resort, Vincom Megamall (Vincity Tay Mo), Iris Garden, Riviera Cam Ranh Hotel, Altara Quy Nhon , Aquabay Residence Ecopark, Hinode City, King Palace, British University BUV Ecopark ...

Haseko will dispatch experts including one board of management to Ecoba and share the engineering technique and various Japanese venders as a strategic partner. In addition, Ecoba Vietnam also finds out that this strategic cooperation will help two parties have a resonance in terms of technology, market potential, and further promote the development in the Southeast Asia market. Haseko will also enhance its position in the Vietnamese market by integrating the technologies and solutions to build the Safe, Reliable and Comfort work under Japanese standards.