SSRG has just launched the Marum Estate project in Kandal province, south of Cambodia’s capital Phnom Penh. This is a multi-dimensional, complex urban area project including residential areas, commercial centers, schools, and medical facilities, located less than 40 km from the center of the capital.
Sharing with the press, Mr. Ng Aung San, co-founder of SSRG, said that there are many reasons for this group to invest in Cambodia instead of other countries in Southeast Asia. Accordingly, SSRG assessed that Cambodia is developing dynamically, has a young and competitive labor force, has attractive incentive policies from the government, and holds a position with the ability to access strategic markets in the region such as Thailand, Vietnam and further, China.
Mr. Ng Aung San, co-founder of SSRG shared at the press conference about the Marum Estate project.
In addition, Cambodia’s newly announced Techo Takhmao International Airport project, located about 7 km away, also facilitates and adds value to the project. “Outstanding infrastructure often leads to comprehensive government support in connectivity and other areas, which puts us in a favorable position in terms of both accessibility and capital appreciation. Our project is benefiting from increased land values and attracting more attention,” he said.
Mentioning Vietnam when talking to the press, Mr. Ng Aung San said that he had worked in Ho Chi Minh City for several years and knew well that Vietnam was developing dynamically and maturely, and also realized that the Vietnamese market was more competitive due to its global nature and the presence of many international companies. "We can learn a lot from the energy, positive attitude and belief in the ability to achieve great things of the Vietnamese people," he said.
In the medium and long term, SSRG wants to expand to other markets and Vietnam is definitely on that list. "When discussing with Vietnamese colleagues, I see many similarities between the projects we develop and the reality in Vietnam, especially in neighboring provinces of Ho Chi Minh City such as Binh Duong and Dong Nai. We will soon start studying feasibility as well as looking for suitable business partners here, because Vietnam is a potential market with many opportunities to explode further," he emphasized.
According to him, when focusing on the Vietnamese market, SSRG will pay attention to factors including: scale and growth rate, economic prospects, cultural insights and legal factors. "Before launching the project, SSRG and I will have to engage in in-depth research and development to tailor the project to the unique dynamics and opportunities of the Vietnamese market. This will involve thorough market research to understand demographic trends, consumer behavior and spending patterns in Vietnam... Ensuring compliance with Vietnam's legal framework and protecting intellectual property is also important for us to operate smoothly and protect our initiatives," he said.
"It can be affirmed that Vietnam possesses attractive opportunities such as a large and rapidly growing population and strong economic growth. In particular, the increasingly improved legal environment is a key factor ensuring that foreign investors can easily enter the market and operate projects smoothly in Vietnam," he emphasized.
"These factors will form the foundation for SSRG's long-term development strategy. Although detailed information and specific data related to future projects cannot be disclosed yet, I hope SSRG will soon be present in the Vietnamese market with typical and sustainable green projects."
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