Oakwood Thao Dien Ho Chi Minh City

Oakwood Thao Dien Ho Chi Minh City will be located on Tran Ngoc Dien Street in Thao Dien, one of the city's most established residential and lifestyle districts, home to international schools, healthcare facilities, restaurants, cafés and retail destinations. The neighborhood has become increasingly accessible following the opening of Metro Line 1, which provides direct connectivity to District 1. Targeted to open in 2029, the 356-key property will offer studios, one- to four-bedroom residences and penthouses for both short- and long-stay guests. The development will include an all-day dining restaurant, meeting facilities, a junior ballroom, executive lounge, fitness centre, sauna and golf simulator, supporting demand from relocating professionals, corporate travellers and leisure visitors.

The signing brings Ascott's portfolio in Vietnam to 43 properties and more than 11,300 units across operational and pipeline developments, reflecting the company's continued confidence in Vietnam as one of Southeast Asia's most promising hospitality markets.