Everland Group

What Everland Group does

Everland Group Joint Stock Company (HOSE: EVG) is a Vietnamese publicly listed real estate developer specializing in integrated tourism, resort, and urban complexes. Founded in 2009 and headquartered in Hanoi with branches in Ho Chi Minh City, Sa Dec, Song Cau, and Thanh Hoa, the company operates a vertically integrated model spanning real estate development, construction services, and trading of construction materials. Its core products are large-scale multi-asset resort complexes across Vietnam's coastal and island destinations, including Crystal Holidays Harbour Van Don (VND 5,500 billion investment, managed by Centara), Crystal Holidays Marina Phu Yen (VND 1,962 billion), Crystal Holidays Heritage Ly Son, Xuan Dai Bay, Everland Park in Khanh Hoa, and Flower World Sa Dec in Dong Thap. Phase I of the flagship Van Don complex, comprising Towers A and B with nearly 1,000 five-star rooms, was inaugurated in December 2025.

Everland monetizes through one-time sales of villas, bungalows, shophouses, and hotel units to high-net-worth individual investors, supplemented by recurring revenue from construction services, construction materials trading, and a tourism/hospitality ecosystem operated under the Crystal Holidays brand family (Crystal Holidays Travel, Hospitality, Marina, Cruise, Active Travel Asia, Mekong Rustic). Its go-to-market is sales-led via direct field sales and authorized agents, with marketing through its corporate website, earned media, and project events. The group is pursuing digital transformation through blockchain partnerships with LynKey (NFT-encrypted travel products, with USD 2 billion of high-end real estate already on the LynKey marketplace) and Ztudium Technology Group UK (blockchain, AI, IoT digitization).

The business is in active scaling mode: 2021 consolidated revenue was VND 968.37 billion with VND 29.78 billion pre-tax profit; the 2022 business plan targeted VND 2,200 billion revenue and VND 127.9 billion pre-tax profit, more than doubling the prior year. Strategic alliances with Wyndham, Best Western, Baumschlager Eberle Architekten, Delta Construction Group, Artelia Vietnam, Vietthink Law Firm, Panasonic Electric Works Vietnam, and Van Don International Airport underscore a positioning around international-standard quality and politically supported destination development, evidenced by the project's designation as a commemorative project for the 14th National Party Congress and the Top 10 Best Tourism Urban/Resort/Entertainment Zones in Vietnam 2026 award from VNREA.

Name

Everland Group

Legal name

Everland Group Joint Stock Company

Website

https://everland.vn

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

Everland Group (HOSE: EVG) is a Vietnamese publicly listed developer of integrated tourism and resort complexes — including Crystal Holidays Harbour Van Don, Marina Phu Yen, and Heritage Ly Son — selling villas, hotel units, and timeshares to high-net-worth investors while operating Crystal Holidays travel, cruise, and hospitality brands.

Ownership category

akta.pro rank

Product category

Resort Real Estate Development

NAICS

Hotels (except Casino Hotels) and Motels (72111), Traveler Accommodation (7211), Real Estate Property Managers (53131)

SIC

Hotels & Motels (7011), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Resort-Area Full-Service Hotels (Non–All-Inclusive) (THAGAAAD)

akta.pro secondary industries

Island, Beach & Resort Travel Agencies (THAKAFAL), Luxury Beachfront & Waterfront Villas (THAMAEAE), Private Islands & Exclusive-Use Compounds (THAMAEAF)

Keywords

• Resort real estate development
• Integrated tourism complexes
• Hospitality management services
• Construction materials supply
• Travel agency services

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Marketing or Sales

Revenue model

1. Real Estate Development: Development and sales of integrated tourism, resort, and urban real estate complexes. Products include resort villas, bungalows, shophouses, hotel units and apartments across multiple destinations in Vietnam.
2. Construction Services: Traditional construction services including civil construction, building finishing, and construction material supply. Leveraging experience as a professional real estate developer.
3. Trading and Services: Import and supply of construction materials, raw materials, and construction equipment including cement, steel, stone tiles, imported bricks, sanitary equipment, steel profiles, aluminum frames, and construction glass. Also includes service value-added activities for real estate projects.
4. Tourism and Hospitality Services: Travel services through Crystal Holidays brands including hotels, tours, air tickets, shopping, entertainment, cruise and golf services. Operates timeshare business with affiliate system of hotels.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Everland Group develops and sells integrated tourism, resort, and urban real estate complexes across Vietnam — including resort villas, bungalows, shophouses, hotel units, and apartments in prime coastal and island destinations. The company also provides construction services and supplies construction materials, and operates tourism and hospitality services (hotels, tours, air tickets, cruises, marina, timeshare) through its Crystal Holidays sub-brand ecosystem.

Product overview

Everland Group is a Vietnamese real estate development company operating a multi-brand portfolio of tourism, resort, and urban development projects. The core products are large-scale integrated resort complexes including Crystal Holidays Harbour Van Don (luxury resort and entertainment in Quang Ninh), Crystal Holidays Marina Phu Yen (marina and resort in Phu Yen), Crystal Holidays Heritage Ly Son (cultural heritage resort in Quang Ngai), Xuân Đài Bay Commercial Service and Tourist Resort Complex, Everland Park (entertainment resort in Khanh Hoa), and Flower World Sa Dec (urban tourism in Dong Thap). Supporting the real estate portfolio are subsidiary travel and hospitality brands including Crystal Holidays Travel, Crystal Holidays Hospitality, Crystal Holidays Marina, Crystal Holidays Cruise, Active Travel Asia, and Mekong Rustic. The group positions itself as a sustainable real estate developer with integrated tourism ecosystems.

Differentiator

Problem solved

Functional benefit

Brands

• Crystal Holidays: Primary tourism and hospitality brand encompassing hotels, resorts, travel services, marina, and cruise operations
• Crystal Holidays Harbour
• Crystal Holidays Marina
• Crystal Holidays Heritage
• Everland Park
• Flower World
• Active Travel Asia
• Mekong Rustic

Products and services

• Crystal Holidays Harbour Van Don Large-scale luxury hotel, resort, and entertainment complex in Van Don, Quang Ninh province. Features 5 towers with over 2,200 five-star rooms, international convention center, marina, shopping mall, multiple pools, and entertainment facilities. Managed by Centara Hotels & Resorts. Targets resort real estate investors, leisure travelers, and MICE events.
• Crystal Holidays Heritage Ly Son Tourism complex focused on cultural heritage preservation at Ly Son island district, Quang Ngai province. Features semi-detached villas, detached villas, cultural heritage gallery, and resort facilities. Designed as the first 5-star resort on the island.
• Crystal Holidays Marina Phu Yen Luxury marina and resort complex in Xuan Dai Bay, Phu Yen province. Features beachfront villas, overwater bungalows, 25-story hotel with 520 five-star rooms, convention center, marina, and multiple leisure facilities.
• Xuan Dai Bay Commercial Service and Tourist Resort Complex Resort complex located at Xuan Dai Bay in Phu Yen province. Features 4-star hotel with 220 rooms, resort villas, mountain bungalows, shophouses, water park, and 360-degree view restaurant. Total area of 7.32 ha with investment of VND 786 billion.
• Everland Park Entertainment and resort complex in Khanh Hoa province, located 15km from Nha Trang city center along National Highway 1A. Combines mountain and seaside attractions.
• Flower World Sa Dec Urban and Tourism Complex Urban and tourism development project located at the western entrance of Sa Dec city, Dong Thap province. Serves as a catalyst for urban and tourism development in the region.
• Everland Park Hill Golf & Residences Golf and residences project in Thanh Hoa province combining residential units with golf facilities.
• Crystal Holidays Travel Travel agency brand under Everland Group offering fully digitized travel booking and services, including access to the Crystal Holidays timeshare affiliate network of 1,000+ hotels in Vietnam and 100,000+ hotels globally.
• Crystal Holidays Hospitality Hotel and hospitality management brand providing professional resort operations and management services.
• Crystal Holidays Cruise Luxury cruise services brand for Bai Tu Long Bay and Ha Long Bay operating within the Everland ecosystem.
• Active Travel Asia Travel agency brand operating within the Everland ecosystem, specializing in Asian travel services.
• Mekong Rustic Travel services brand specializing in Mekong region tourism within the Everland ecosystem.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered strategic, core and supporting.

• Panasonic Electric Works VietnamstrategicStrategic or Co-development Partner · 2 February 2026Signing ceremony for cooperation agreement on the development of real estate projects between Everland Group and Panasonic Electric Works Vietnam (a member of the global Panasonic Group). This partnership marks Everland's continued efforts toward enhancing the quality of its real estate products through Japanese technology and standards.
• Van Don International AirportstrategicStrategic or Co-development Partner · 7 July 2025Strategic cooperation agreement between Crystal Holidays Holdings and Van Don International Airport focused on tourism development and promoting Van Don and Bai Tu Long Bay as prime destinations.
• Baumschlager Eberle Architekten (BEA)coreStrategic or Co-development Partner · 25 July 2022World-renowned architectural firm providing project planning and architectural design consulting for Everland Group's real estate projects, particularly coastal resort developments. BEA brings unique, impressive, and highly applicable design solutions based on its proven reputation and numerous prestigious awards in architecture and design.
• Delta Construction GroupcoreImplementation/ SI/ Consulting Partner · 25 July 2022Leading Vietnamese construction company responsible for construction work at the Crystal Holidays Harbour Van Don project. Partnership aims to ensure progress and quality of construction works befitting the project's position as a driving force of the Van Don Economic Zone.
• Artelia VietnamcoreImplementation/ SI/ Consulting Partner · 25 July 2022Construction supervision partner for Crystal Holidays Harbour Van Don project, working alongside Delta Construction Group to ensure quality and progress of construction works.
• Vietthink Law FirmsupportingImplementation/ SI/ Consulting Partner · 25 July 2022Legal consulting partner providing legal counsel for Everland's business activities and investment projects. Ensures that Everland's investment projects always comply with the law and strictly adhere to legal procedures to avoid potential risks.
• LynKeystrategicTechnology or Integration · 29 June 2022Partnership to develop Vietnam's first smart tourism ecosystem with comprehensive blockchain application. Launching NFT products for travel services (hotel rooms, tours, air tickets, shopping, golf) on Lynkey Marketplace platform. Currently encrypting over USD 2 billion of high-end real estate and tourism products in Vietnam.
• Ztudium Technology Group (UK)strategicTechnology or Integration · 1 January 2022UK-based technology corporation collaborating to create the largest blockchain-based project in Vietnam and the region to digitize the real estate and tourism ecosystems using blockchain, AI, and IoT technology.
• Centara Hotels & ResortscoreStrategic or Co-development PartnerInternational hospitality brand under Thailand's Central Group managing and operating Crystal Holidays Harbour Van Don. Provides world-class resort services meeting international standards, adding the project to global destination linkage systems for worldwide promotion.
• Wyndham Hotels & ResortssupportingChannel Partner/ Reseller/ DistributorOne of the world's largest hotel management companies partnering with Everland for hotel management services across resort projects.
• Best Western HotelssupportingChannel Partner/ Reseller/ DistributorInternational hotel management company partnering with Everland for hotel management services across resort projects.

Scale indicators13 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• Novaland: One of Vietnam's largest listed real estate developers (NVL), focused primarily on urban residential and mixed-use projects but with tourism/resort exposure (NovaWorld). Comparable as a major Vietnamese listed real estate developer with resort ambitions, though larger and more diversified than Everland.
• Meliá Hotels International: Global Spanish hotel operator with growing resort presence in Southeast Asia. Comparable as an international hotel operator with resort expertise that could compete for management contracts in Vietnam's emerging destinations.
• Đất Xanh Group: Major Vietnamese listed real estate developer (DXG) operating residential and resort projects (DXH). Comparable as a listed Vietnamese real estate peer with resort/tourism development exposure, broader portfolio than Everland.

Direct peers

• Sun Group: Vietnam's leading resort and entertainment real estate developer, operating integrated tourism complexes (Ba Na Hills, InterContinental Danang Sun Peninsula Resort, Sun World theme parks). Directly comparable to Everland as a listed Vietnamese resort developer building premium coastal/mountain destinations.
• FLC Group: Vietnamese listed conglomerate (FLC, ROS, KLF) operating FLC Resorts and integrated tourism complexes including Quy Nhon, Sam Son, and Ha Long. Directly comparable as a peer Vietnamese listed developer of large-scale integrated tourism-resort properties.
• CEO Group: Vietnamese listed resort and real estate developer (CEO Land, CEO Suites) operating integrated tourism projects including hotels, villas and resorts in northern coastal Vietnam. Comparable as a smaller listed Vietnamese peer in the integrated resort real estate segment.
• BIM Group: Vietnamese private group developing integrated tourism, real estate and renewable energy projects including InterContinental Halong Bay Resort and other premium resorts. Comparable as an emerging integrated resort developer in Vietnam's coastal destinations.
• Vingroup (Vinpearl): Vietnam's largest private conglomerate with Vinpearl resort hotel chain across Vietnam's prime coastal destinations. Comparable as a vertically integrated developer-operator of resort complexes with HNW real estate sales and hospitality services.
• Crystal Bay Group: Vietnamese resort and tourism operator developing integrated tourism complexes in Ninh Thuan and other coastal destinations with international hotel partnerships. Comparable as a Vietnam-based resort developer operating in similar emerging coastal locations with HNW real estate offerings.

Regional players

• Hưng Thịnh Land: Listed Vietnamese real estate developer (HTL) focused on residential and resort projects primarily in Ho Chi Minh City and southern coastal destinations. Comparable as a regional Vietnamese developer with resort exposure, though more south-focused than Everland's northern/central focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/sharer/sharer.php?u=https://everland.vn
• LinkedInlinkedin.com/shareArticle?mini=true
• Xx.com/everlandg

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries8 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 Everland Group