19 Oct
2007

Ascott's Senior Management Wins Prestigious ASEAN Businessmen Award In Vietnam

Singapore, 19 October – The Ascott Group’s (Ascott) CEO for Asia Pacific & Gulf Region (excluding China), Mr Yip Hoong Mun has been presented the inaugural ‘ASEAN Businessmen Award’ by the Hanoi Business Association. The prestigious award recognises the contributions of business leaders who have made great achievements in developing and contributing to ASEAN’s economic growth. Mr Yip received the award in Hanoi from Chairman of Vietnam's National Assembly, Mr Nguyen Phu Trong.

The launch of the ‘ASEAN Businessmen Award’ was supported by Hanoi’s People’s Committee and Vietnam Chamber of Commerce & Industry. It was organised in conjunction with the first ‘ASEAN Capitals Business Forum’. The forum held on 15 and 16 October, was the largest economic forum in Hanoi this year. It was endorsed by the Vietnam central government, the Hanoi city government and the local business community.

Mr Yip was among 50 outstanding Vietnamese and international entrepreneurs to have received the accolade. They were selected by a committee comprising senior economic experts in ASEAN and business organisations from the grouping. 

Ms Jennie Chua, Ascott’s President and CEO said: "Ascott has been in Vietnam for over a decade and we are committed to growing our presence there as the largest international serviced residence company. The Group is proud that Hoong Mun has been presented this inaugural award by the Vietnam authorities for his contributions to economic growth in the region. This is not the first individual award Hoong Mun has received. In 2004, he was awarded the highly-regarded Magnolia Award by the Shanghai Municipal Government for his contributions to the city’s economy while he was overseeing Ascott’s operations in China."  

Ascott has also been presented the prestigious ‘Golden Dragon Award’ in Vietnam last year. The award honours the top 60 companies in Vietnam for success in the country and contributions to Vietnam’s economy. In 2005, Ascott received recognition from the Vietnam Ministry of Planning and Investment as one of the ‘Top 12 Companies for Best Performance and Contributions in Foreign Direct Investment’. Ascott’s properties in Hanoi and Ho Chi Minh City have also won numerous awards including the ‘Best Service in Serviced Apartments’ awards and the ‘Excellent Service in Serviced Apartments’ awards from the Vietnam Economic Times in 2003, 2004, 2005 and 2006. 

About The Ascott Group

The Ascott Group is the largest international serviced residence owner-operator outside the United States with close to 14,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as over 5,200 units which are under development, making a total of over 19,200 units. 

The Ascott Group is the largest international serviced residence owner-operator outside the United States with close to 14,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as over 5,200 units which are under development, making a total of over 19,200 units. 

The Group operates three brands – Ascott, Somerset and Citadines. Its portfolio spans 52 cities in 23 countries, 10 of which are cities where Ascott's serviced residences are being newly developed.  

The Ascott Group is headquartered in Singapore. It pioneered Asia Pacific's first branded luxury serviced residence in 1984. It also established the world’s first pan-Asian serviced residence real estate investment trust, Ascott Residence Trust in 2006. Today, the Group boasts a 23-year industry track record and serviced residence brands that enjoy recognition worldwide. 

The Ascott Group's achievements have been recognised internationally. Recent awards include Business Traveller UK Awards 2007 'Best Serviced Residence Company', Business Traveller Asia Pacific Awards 2007 'Best Serviced Residence Brand' and 'Best Serviced Residence' and Forbes China 2008 ‘China’s Best Serviced Apartments. For a full list of awards, please visit https://www.theascottgroup.com/aboutus/awards_and_accolades.html?year=2007   

Listed on the mainboard of the Singapore Exchange, The Ascott Group is the serviced residence arm of CapitaLand Limited, one of the largest listed real estate companies in Asia. Headquartered in Singapore, the multinational company's core businesses in real estate, hospitality and real estate financial services are focused in gateway cities in Asia Pacific, Europe and the Middle East. The company's real estate and hospitality portfolio spans more than 90 cities in over 20 countries.

For more information on The Ascott Group’s property listings, visit https://www.theascottgroup.com/aboutus/group_directory.html