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Ho Chi Minh City, March 9, 2026 – Netland Real Estate Joint Stock Company (Netland – a member of NRC Corp.) officially signed a strategic cooperation agreement with VHR Investment Joint Stock Company (VHR) for the business development of the Welltone Luxury Residence project.
The signing ceremony took place in a formal setting with the presence of senior leadership from both companies. The event not only marks a new milestone in the partnership between Netland and VHR but also holds special significance in the multi-industry development strategy of NRC Corp..
Netland and VHR sign a strategic cooperation agreement for the development of the Welltone Luxury Residence project
Within its development orientation, NRC identifies real estate as the core foundation, playing a leading role and serving as the central axis for the entire ecosystem, while supporting other key sectors such as Healthcare, Pharmaceuticals & Medical Supplies, Agriculture, and Food. Strengthening investment cooperation and project development through enhanced strategic partnerships between Netland and its partners has materialized the Group’s direction to expand investment and project development activities across multiple provinces and cities, enhance its market position, and create sustainable value for the community.
According to the agreement, Netland and VHR will engage in comprehensive cooperation in the following areas:
– Project business development, including: developing overall plans, researching and proposing product strategies, and advising on communication and marketing strategies to enhance brand awareness and optimize market reach;
– Product distribution implementation in accordance with the developer’s roadmap, including consulting on distribution strategies, organizing sales activities, and developing business resources;
– Project investment and product trading: during the process of business development and distribution, Netland will consider participating in the investment and trading of project products based on its capabilities, objectives, and development strategy in each phase, while aligning with project progress, market demand, and customer needs to ensure business efficiency.
Commenting on the event, Mr. Trinh Van Bao – CEO of NRC Corp., stated:
“The strategic cooperation between Netland – a core entity within NRC’s real estate ecosystem – and VHR marks an important step in elevating the Group’s investment and project development activities. NRC is consistently oriented toward sustainable, multi-industry development, with real estate as its foundational pillar. We believe that the collaboration between Netland and VHR will deliver large-scale, high-quality products that create strong value for the market.”
Project Images of Welltone Luxury Residence
Netland currently owns a portfolio of approximately 20 potential projects across key localities, of which 9 projects have completed or are in the process of completing legal procedures to be ready for market launch. Notably, within this portfolio, VHR Investment Joint Stock Company serves as the developer of the Welltone Luxury Residence project – a key project in the company’s development strategy for the coming period.
Amid signs of recovery in the real estate market, particularly in terms of the legal framework and investment environment, the cooperation between Netland (a member of NRC Corp.) and VHR is considered a strategic move, opening up strong prospects and laying the foundation for a new growth cycle of the market in the near future.
WELLTONE LUXURY RESIDENCE PROJECT INFORMATION – NHA TRANG
Welltone Luxury Residence is a high-end real estate project with a total area of over 11,115 m², comprising three towers of 25–28 floors and two interconnected basement levels. The project offers more than 1,400 units to the market, including shophouses and premium apartments, with a diverse range of unit types from studios, 1-bedroom, 2-bedroom, and 3-bedroom units to penthouses. It is designed as an integrated model of living – resort – investment, featuring modern amenities and expansive green spaces, catering to the growing demand for upscale living in coastal urban areas.
Located on the prime frontage of Xom Con – Tran Phu Street, one of the most vibrant and valuable coastal axes in Nha Trang, Welltone Luxury Residence enjoys strong rental potential, especially as Nha Trang’s tourism sector continues to recover and grow. With its central location, clear legal status, and long-term value appreciation potential, the project not only meets high-end residential and resort living needs but also offers attractive investment opportunities, delivering sustainable value aligned with the dynamic growth of Nha Trang city.
