FLC Group announced to international investors at the ‘Relexation’ event in Ho Chi Minh City last week the various investment partnerships available for the Relex Development platform, initiating a cooperation with Relex Development that will be expanded upon in the coming weeks and months.

FLC Group is an investment company with a focus in the real estate sector, a perfect match for Relex Development. FLC Group boasts 7,000 employees and 40 different subsidiaries, including a brand new airline, Bamboo Airways. As of October 2017, the FLC Group’s value was estimated at US $9 billion by UniCap Fund. Relex’s parent company has been in cooperation with FLC Group since the beginning of 2017.

FLC Group’s Director of Strategic Business Department Mai Phuong Nam presents to international Relex Development investors at the Relexation summit in Ho Chi Minh City. The event brought major developers, such as FLC Group, to discuss business opportunities, partnerships, and cooperation with Relex Development and its proxy developers.

FLC Group’s Director of Strategic Business Department Mai Phuong Nam gave the presentation to Relex proxy developers from across the globe at the Relexation summit, an investor and developer collaboratory conference that ran from August 18 to 20. Also in attendance from FLC Group were Nguyen The Duong (Deputy Director of Strategic Business Department), Vu Ngoc Quynh Anh (Manager of Investment Portfolio), and Vo Hanh Quyen.

“Crypto culture is very new and most Vietnamese people have no idea about that,” Mai Phuong Nam said. However, what FLC Group saw in a partnership with Relex was potential.

“We lack knowledge, we lack know-how [regarding cryptocurrencies],” Mr. Nam continued, “So this is kind of our opportunity.”

FLC Group met with the Relex community at a time when Vietnam had seemed to be closing the doors on cryptocurrency, but their presence at the international summit suggests otherwise. With the financial benefits that blockchain-based solutions and its resultant boost in FDI can lend to Vietnam’s growth, the partnership between Relex and FLC Group seems to benefit both companies and country’s continued economic growth.

Mr. Nam shared with investors an extensive list of investment partnerships available to Relex investors, totaling in the billions of dollars.

Half of the investment partnerships are listed below, with the second half to come at a later date.

Pictured is one of the many partnership developments available for Relex investors, the FLC Ha Long Twin Towers.

Quang Ninh, Halong Bay Golf Club and Luxury Resort: 5-star hotel, resort, 18-hole golf course, clubhouse, convention center, roads) 157 hectares, total investment cost $170 million FLC Ha Long Twin Towers: 50-floor twin towers including 1,000 condos and retail podiums. 2.9 hectares, total investment cost $120 million Hai Phong Artificial Island, FLC Doson Beach and Golf Resort: 5-star hotel, resort, golf links, convention center, villas, amusement park. 500 hectares. Total investment cost $250 million. Binh Dinh, FLC Quynhon Beach & Golf Resort: 5-star hotel, resort, two 18-hole golf courses, convention center, clubhouse, safari, golf academy, international university, international hospital, residential area, office & commercial developments. 1,300 hectares, $1.5 billion total investment cost. Khanh Hoa, Administration Urban Area: 126 hectares, total investment cost $350 million Quang Binh: FLC Quang Binh Beach & Golf Resort: 5-star hotel, resort, golf links, clubhouse, convention center, villas. 1,900 hectares. $420 million.