Hoang Minh Finance Investment

What Hoang Minh Finance Investment does

Hoang Minh Finance Investment, operating as KPF (KOJI Asset Investment Joint Stock Company), is a Vietnamese real estate investment and development company headquartered in Ho Chi Minh City. Founded in 2009 and listed on the Ho Chi Minh Stock Exchange in February 2016 under ticker KPF (now delisted), the company builds, owns and co-develops a portfolio of five named projects spanning commercial office (TTC Executive Centre in District 1, HCMC), mixed-use residential (Takara Residence in Binh Duong, The Harbour City in Nha Trang), hotel apartments (Lyf Da Nang, managed by Ascott Limited), and eco-tourism resorts (Dai Lai Lake View in Vinh Phuc). The company targets Vietnamese individual property investors and a secondary segment of resort/tourism investors, distinguishing its developments through Japanese-inspired design, Onsen facilities and wellness amenities, and positions itself as a small-scale analogue to Vingroup's integrated residential-commercial model.

The company's revenue model is one-time sale of real estate units across its project portfolio, distributed through direct project sales offices in HCMC, a Hanoi representative office, and bank-financing partnerships (NCB, BIDV, IVB, MB) that provide buyer mortgages. KPF reports no proprietary technology and no AI/ML capabilities; it is a conventional asset-development business reliant on land bank acquisition, construction partnerships and project sell-through. Recent corporate actions include a 2021 issuance of 39.95 million additional shares, equity acquisition in TTC Deluxe Saigon (April 2021), divestiture of Cam Lam Investment subsidiary (November 2021), leadership turnover in 2023-2025, and a 2025 delisting notice followed by 2026 cancellation of public information disclosure authorization — collectively signaling a contraction phase from public-market operations.

Name

Hoang Minh Finance Investment

Legal name

CÔNG TY CỔ PHẦN ĐẦU TƯ TÀI SẢN KOJI

Website

https://kpf.com.vn

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Real Estate Development and Sales: KPF generates revenue through development and sales of residential communities, commercial centers, supermarkets, and modern markets across Vietnam. The company focuses on building land banks and asset structures to capitalize on market opportunities.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

KPF is a Vietnamese real estate investment and development company that acquires land and develops integrated residential communities, commercial centers, mixed-use urban areas, hotel apartments, and eco-tourism resorts across Vietnam. Its portfolio includes TTC Office Building in Ho Chi Minh City, The Harbour City in Nha Trang, Takara Residence in Binh Duong, Lyf Da Nang, and Dai Lai Lake View in Vinh Phuc, featuring Japanese-inspired design concepts and wellness-oriented amenities. The company generates revenue primarily through one-time property sales to individual investors and end-users, with the longer-term aspiration of becoming an asset management firm targeted at Vietnam's VN30 index.

Product overview

KPF (Koji Asset Investment Joint Stock Company) is a Vietnamese real estate investment and asset management company. The company operates a portfolio of real estate development projects including commercial office buildings (TTC Office Building), mixed-use urban developments (The Harbour City, Takara Residence), hotel apartment projects (Lyf Danang), and eco-tourism resorts (Dai Lai Lake View). The company's portfolio spans major Vietnamese cities including Ho Chi Minh City, Nha Trang, Da Nang, and Binh Duong, with a focus on Japanese-inspired design concepts and wellness-oriented amenities.

Differentiator

Problem solved

Functional benefit

Products and services

• TTC Office Building (TTC Executive Centre) Grade C-B office building strategically located in District 1, Ho Chi Minh City, providing over 257.6 square meters of leasable area with modern workspace design and international-standard amenities. Targeted at commercial tenants seeking premium office space in Ho Chi Minh City.
• The Harbour City Mixed-use development combining accommodation, commerce, and tourism in Nha Trang coastal city, featuring 252 commercial townhouses and 473 hotel apartments on 4.35 hectares. Targeted at individual investors and hospitality operators in coastal Vietnam.
• Takara Residence Japanese-style mixed urban area in Thu Dau Mot City, Binh Duong Province, featuring 520 townhouses, 668 apartments, and 97 villas on 190,000 m2 with Japanese-inspired amenities including Onsen Spa and Zen parks. Targeted at Vietnamese individuals and families seeking Japanese-inspired wellness-oriented urban living.
• Lyf Danang Hotel apartment project inspired by co-living model located next to My Khe Beach in Da Nang, offering 259 tourist apartments across 25 floors with 85% ocean views, managed by Ascott Limited. Targeted at tourism property investors and hospitality operators.
• Dai Lai Lake View High-end eco-tourism resort project with 153 Japanese-style villas (330-617 m2) on 13 hectares located by Dai Lai Lake in Vinh Phuc, featuring Onsen facilities and Zen gardens. Targeted at resort investors and high-end eco-tourism buyers near Hanoi.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor and core.

• Công ty TNHH Đầu tư Cam LâmminorStrategic or Co-development Partner · 9 June 2021Subsidiary/subordinate company - KPF approved loan agreement for Cam Lam Investment Company. Noted as no longer a subsidiary of KPF as of November 2021.
• CTCP TTC Deluxe SaigoncoreStrategic or Co-development Partner · 5 April 2021KPF Board resolution to purchase shares in TTC Deluxe Saigon Joint Stock Company - equity investment in related entity.
• Ascott LimitedcoreStrategic or Co-development PartnerInternational hospitality brand managing the Lyf Da Nang project - Ascott is the world's largest owner-operator of serviced residences, providing international-standard property management services.
• TTC Deluxe Saigon Joint Stock CompanycoreStrategic or Co-development PartnerRelated entity developing the TTC Office Building project - KPF appears to have investment involvement in this commercial office development.
• Happy Real Estate Joint Stock CompanycoreStrategic or Co-development PartnerDeveloper of The Harbour City project in Nha Trang - KPF partner in this mixed-use accommodation, commerce, and tourism development.
• Thanh Nguyen Construction and Real Estate Investment Joint Stock CompanycoreStrategic or Co-development PartnerDeveloper of Takara Residence project in Bình Dương - KPF partner in this Japanese-style mixed urban development.
• Da Nang Silk Tower Investment Limited Liability CompanycoreStrategic or Co-development PartnerDeveloper of Lyf Da Nang project - KPF partner in this hotel apartment development next to My Khe Beach.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Market position

Strengths4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/koji-asset-investment-jsc

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

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 Hoang Minh Finance Investment