A-Connection Group

What A-Connection Group does

A-Connection Group (legal entity: Công Ty TNHH Phát Triển Thương Hiệu Và Dịch Vụ Kết Nối Bán Lẻ Châu Á) is a privately held Vietnamese commercial real estate and construction services company founded in 2014 and headquartered at 708-710-712 Cach Mang Thang Tam, Tan Son Nhuan ward, Ho Chi Minh City, with regional offices in Da Nang and Hanoi. The firm operates across three integrated verticals: commercial real estate brokerage (retail space, offices, warehouses, factories, industrial zones, villas, and investment/M&A advisory); building materials and systems supply (fire protection, structural, finishing, mechanical/metal, electrical/plumbing, interior/decorative, and sanitary equipment); and professional/technical services (legal advisory, market research, asset management, renewable energy project development, building operations, general construction, MEP installation, and PCCC installation). The company also operates three proprietary digital listing platforms — thuematbang.com, thuematbang.com.vn, and trangmuabannhadat.com.vn — for matching commercial real estate supply and demand in Vietnam.

The business model is multi-stream, combining transaction-fee brokerage, project-based professional services (construction, MEP, PCCC), managed services (building operations, asset management), and hardware sales (building materials), with revenue tied to the underlying commercial real estate market cycle in Vietnam. Pricing is contract-by-project for construction and MEP work and unit-based for land/warehouse leases (e.g., 85 USD/m² for industrial land at Lam Son – Sao Vang KCN; 650 million VND/month at 3.5 USD/m² for a Phu Giao warehouse). Go-to-market is sales-led, leveraging a network of 5,000+ brand partners and 10,000+ enterprise customers that includes multinational brands such as Nike, Chanel, L'Oreal, FPT, and Viettel, alongside Vietnamese conglomerates like Vingroup/Vincom. The company reports 2,000+ completed construction projects spanning civil, infrastructure (railways, highways, underground rail, ports, airports), and renewable energy, and manages 1,000+ building chains nationally.

The company competes on relationship depth, distribution breadth, and vertically integrated delivery rather than technology differentiation. It maintains 11-50 employees, is founder/privately owned with no disclosed external funding rounds, and operates exclusively in Vietnam despite a multilingual website (Vietnamese, English, Chinese). Brand development for retail and F&B chains — supporting expansion of clients like 30Shine and Joli Poli across multiple locations — is positioned as a recurring use case for the brokerage and construction stack.

Name

A-Connection Group

Legal name

Công Ty TNHH Phát Triển Thương Hiệu Và Dịch Vụ Kết Nối Bán Lẻ Châu Á

Website

https://a-connection.com.vn

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

A-Connection Group is a Ho Chi Minh City-based, privately held commercial real estate and construction services firm founded in 2014, serving multinational brands and Vietnamese enterprises with brokerage, MEP/PCCC construction, building materials, legal advisory, and property listing platforms across Vietnam.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage and Integrated Construction Services

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Closing Coordination & Transaction Management (Broker/Agent Support) (BPAJAOAH)

Keywords

• Commercial real estate leasing
• Real estate brokerage services
• MEP construction services
• Fire protection installation
• Building materials supply

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Commercial Real Estate Leasing & Sales Brokerage: Revenue generated from helping businesses find and lease/sell commercial properties including retail spaces, offices, warehouses, industrial land, and villas. The company acts as a broker and consultant in commercial real estate transactions.
2. Construction & MEP/PCCC Services: General contractor services for civil construction, mechanical-electrical-plumbing (MEP) installation, and fire protection (PCCC) systems for buildings and industrial projects.
3. Building Management & Operations: Building operation and maintenance services for commercial properties.
4. Legal Consulting & Market Research: Legal advisory services and market research for commercial real estate decisions.
5. Building Materials Supply: Supply of construction materials including fire protection systems, building materials, finishing materials, mechanical/metallic materials, electrical/plumbing materials, interior/decorating materials, and sanitary equipment.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

A-Connection Group is a commercial real estate brokerage and integrated construction services firm operating in Vietnam. It connects businesses with retail, office, warehouse, industrial-zone, and villa space through lease and sale transactions, and delivers follow-on construction, MEP and fire-protection (PCCC) installation, building materials supply, legal and market-research advisory, asset management, and ongoing building operations. The company also operates proprietary online property-listing platforms (thuematbang.com, thuematbang.com.vn, trangmuabannhadat.com.vn) to match commercial property supply and demand.

Product overview

A-Connection Group is a comprehensive commercial real estate and construction services company offering a multi-category service portfolio. The core offering consists of commercial real estate services (retail space, office buildings, warehouses, factories, industrial zones, villas, and investment advisory), building materials supply (fire protection, construction materials, finishing materials, mechanical/metal materials, electrical/plumbing materials, interior/decorative materials, and sanitary equipment), and professional services (legal advisory, market research, asset management, renewable energy project development, building operations, construction, MEP, and fire protection). The company also operates digital platforms (Thuematbang.com, Thuematbang.com.vn, Trangmuabannhadat.com.vn) to facilitate real estate transactions. With 12+ years of experience, the company serves as a strategic partner for over 5,000 brands across Vietnam.

Differentiator

Problem solved

Functional benefit

Brands

• THUEMATBANG.COM: Commercial real estate rental platform for retail spaces and offices
• THUEMATBANG.COM.VN
• TRANGMUABANNHADAT.COM.VN

Products and services

• Retail Space Leasing (Mặt bằng cho thuê) Commercial retail space brokerage matching businesses with suitable storefront and retail locations across Vietnam.
• Office Building Leasing (Tòa nhà – Văn phòng cho thuê) Office space brokerage and leasing services for businesses seeking professional workspace in commercial buildings across Vietnam.
• Warehouse and Factory Leasing (Kho bãi – Xưởng sản xuất cho thuê) Industrial warehouse and manufacturing facility brokerage for production, storage, and logistics operations.
• Industrial Zone and Factory Leasing (Khu công nghiệp – Nhà máy cho thuê) Industrial-zone land and ready-built factory leasing for manufacturing and industrial operations, including named projects such as Lam Son – Sao Vang KCN at 85 USD/m² lease term.
• Villa Leasing and Sales (Dịch vụ Villa) Villa rental and sales brokerage for commercial or hospitality uses.
• Real Estate Investment and M&A Advisory (Tư vấn đầu tư & sáp nhập BĐS) Advisory on real estate investment and merger-and-acquisition transactions for businesses and investors.
• Project Investment and Transfer (Đầu tư & chuyển nhượng dự án) Investment and project transfer services for real estate development projects.
• Civil Construction Services (Xây dựng dân dụng) General contractor services for civil and commercial building construction.
• MEP Construction (Thi công cơ điện) Mechanical, electrical, and plumbing (MEP) installation services for buildings and industrial projects.
• Fire Protection System Installation (Lắp đặt – Thi công PCCC) Design, supply, and installation of fire protection and firefighting (PCCC) systems.
• Building Operations and Facility Management (Vận hành tòa nhà) Ongoing building operations and facility management services for commercial properties.
• Asset Management (Quản lý tài sản) Asset management services for commercial properties and real estate portfolios.
• Legal Advisory (Tư vấn pháp lý) Legal consulting services for commercial real estate transactions and business operations.
• Market Research (Nghiên cứu thị trường) Market research services for real estate and business planning.
• Renewable Energy Project Development (Phát triển và đầu tư dự án năng lượng tái tạo) Development and investment services for renewable energy projects including wind and solar power.
• Building Materials Supply (Fire Protection, Construction, Finishing, MEP, Interior, Sanitary Systems) Supply of building materials across fire protection systems, structural construction materials, finishing materials, mechanical/metal materials, electrical/plumbing materials, interior and decorative materials, and sanitary equipment for construction projects.
• Thuematbang.com Property Listing Platform Online commercial real estate listing and matching platform connecting landlords with tenants for retail spaces and offices across Vietnam.
• Thuematbang.com.vn Property Listing Platform Vietnamese commercial real estate transaction platform for retail and office space listings.
• Trangmuabannhadat.com.vn Property Buy/Sell Platform Online buy-and-sell property marketplace for Vietnamese real estate, complementing the company's rental-focused platforms.

Quantifiable outcome

• 12+ years of experience in commercial real estate investment, development, construction contracting and comprehensive business solutions
• +2 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

28 partnerships are on record, tiered key, notable and flagship.

• ViettelkeyStrategic or Co-development PartnerViettel is a strategic partner of A-Connection, utilizing office leasing and commercial real estate services for their business operations.
• VietinBankkeyStrategic or Co-development PartnerVietinBank is a strategic banking partner providing financial services support for real estate transactions and business operations.
• Delta IndustrieskeyStrategic or Co-development PartnerDelta Industries is a key partner for industrial manufacturing operations, collaborating with A-Connection on commercial real estate and construction projects.
• Circle KkeyStrategic or Co-development PartnerCircle K convenience store chain partners with A-Connection for retail space location and leasing services across Vietnam.
• TakashimayakeyStrategic or Co-development PartnerTakashimaya department store chain collaborates with A-Connection for commercial real estate solutions in Vietnam.
• DUDOFF LondonnotableStrategic or Co-development PartnerDUDOFF London is an international brand partner for commercial real estate and retail space solutions.
• 30ShinekeyStrategic or Co-development Partner30Shine hair salon chain has been a strategic partner for over multiple years, with A-Connection supporting their retail expansion strategy across Vietnam.
• Joli PolinotableStrategic or Co-development PartnerJoli Poli fashion brand partners with A-Connection for commercial real estate services supporting their retail expansion.
• IPPG (International Consumer Products Group)flagshipStrategic or Co-development PartnerIPPG has partnered with A-Connection for over 10 years as a strategic consultant and developer for commercial real estate leasing and fashion retail chain expansion in Vietnam.
• MB BanknotableStrategic or Co-development PartnerMB Bank is a banking partner collaborating with A-Connection on financial services for real estate transactions.
• GreenfeednotableStrategic or Co-development PartnerGreenfeed is an agribusiness partner utilizing A-Connection's commercial real estate and construction services.
• Green ExpressnotableStrategic or Co-development PartnerGreen Express logistics company partners with A-Connection for warehouse and industrial property solutions.
• CoopXtrakeyChannel Partner/ Reseller/ DistributorCoopXtra supermarket chain collaborates with A-Connection for retail space and commercial real estate services.
• NikekeyStrategic or Co-development PartnerNike international retail brand is a strategic partner utilizing A-Connection's commercial real estate services for store locations in Vietnam.
• ChanelkeyStrategic or Co-development PartnerChanel luxury brand is a strategic partner for premium retail real estate solutions.
• L'Oreal PariskeyStrategic or Co-development PartnerL'Oreal Paris beauty brand partners with A-Connection for commercial real estate and retail space solutions.
• FPTkeyStrategic or Co-development PartnerFPT technology company is a strategic partner for office and commercial real estate services.
• WinmartkeyStrategic or Co-development PartnerWinmart supermarket chain is a strategic partner for retail space and commercial real estate services.
• Pizza HutnotableStrategic or Co-development PartnerPizza Hut restaurant chain partners with A-Connection for commercial real estate and restaurant location services.
• PharmacitynotableStrategic or Co-development PartnerPharmacity pharmacy chain is a strategic partner for retail space and commercial real estate services.
• VUS (Vietnamese United School)notableStrategic or Co-development PartnerVUS education center partners with A-Connection for commercial real estate and office space solutions.
• Mega MarketkeyChannel Partner/ Reseller/ DistributorMega Market wholesale center collaborates with A-Connection for commercial real estate and retail space services.
• BIDVnotableStrategic or Co-development PartnerBIDV bank is a banking partner collaborating on financial services for real estate transactions.
• VPBanknotableStrategic or Co-development PartnerVPBank is a banking partner for real estate financial services and transactions.
• Vingroup (Vincom)keyStrategic or Co-development PartnerVingroup/Vincom is a major real estate and retail conglomerate that is a strategic partner in the Vietnamese commercial real estate ecosystem.
• Highlands CoffeenotableStrategic or Co-development PartnerHighlands Coffee chain partners with A-Connection for commercial real estate and restaurant space solutions.
• G2000notableStrategic or Co-development PartnerG2000 fashion brand is a strategic partner for retail space and commercial real estate services.
• Saigon Giai Phong NewspapernotableStrategic or Co-development PartnerSaigon Giai Phong newspaper building is managed and operated by A-Connection, serving as both a customer and strategic partnership.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Regional players

• Coteccons Construction: Major Vietnamese construction and infrastructure contractor. Comparable as a peer in A-Connection's construction and infrastructure project vertical (highways, airports, ports, civil works) within the same domestic market.
• Hoa Binh Construction Group: Leading Vietnamese general construction contractor for civil, industrial, and commercial projects. Comparable to A-Connection's construction and MEP/PCCC services arm, though focused primarily on contracting rather than brokerage.

Emerging players

• Rever: Vietnamese proptech platform for residential and commercial real estate listings, valuations, and transactions. Comparable to A-Connection's thuematbang.com and trangmuabannhadat.com.vn platforms, and represents a potential technology-driven competitive threat to A-Connection's marketplace layer.

Broad incumbents

• Cushman & Wakefield: Global commercial real estate services firm with brokerage, project management, and facilities management practices. Overlaps directly with A-Connection's CRE brokerage and building operations services for enterprise clients.
• Knight Frank: Global real estate consultancy with brokerage, valuation, and property management services. Comparable to A-Connection in serving enterprise and high-net-worth clients, with stronger luxury/residential adjacency relevant to A-Connection's villa services.
• CBRE Group: Global commercial real estate services firm offering brokerage, property management, valuation, and project management. Directly comparable to A-Connection's enterprise CRE brokerage and integrated services, but operating at global scale with much broader capital markets capabilities.
• JLL (Jones Lang LaSalle): Global real estate services firm covering brokerage, investment management, and project & development services. Comparable to A-Connection's full-service commercial real estate stack and similar enterprise tenant base, though with global footprint and deeper capital markets offerings.
• Colliers International: Global professional services and investment management firm focused on commercial real estate. Comparable to A-Connection in offering integrated real estate services to enterprise occupiers and investors, including project management and facilities services.
• Savills: Global real estate services firm with strong Asia-Pacific presence, offering brokerage, project management, and facilities management. Highly comparable to A-Connection's enterprise-focused commercial real estate and integrated services model in Asia.

Direct peers

• DKRA Vietnam: Vietnamese commercial and residential real estate brokerage and project marketing firm. Direct local peer to A-Connection in Vietnam CRE brokerage, with similar sales-led model serving enterprise and investor clients in the same geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@thuematbangofficial
• Facebookfacebook.com/aconnectioncorp
• LinkedInlinkedin.com/company/a-connection-group
• TikToktiktok.com/@thuematbang.official?lang=vi-VN

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about A-Connection Group