Khai Hoan Land
Khai Hoan Land is a Vietnamese real-estate developer and property-distribution company focused primarily on the southern Vietnamese market.
Last updated August 31, 2026
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Overview
Khai Hoan Land, formally Công ty Cổ phần Tập đoàn Khải Hoàn Land, is a Vietnamese real-estate developer and agency headquartered in District 7, Ho Chi Minh City. Established in 2009 by Nguyễn Khải Hoàn, the company began with charter capital of VND 6 billion and developed from a property-sales and distribution business into a larger real-estate group with development, agency, investment, and affiliated-company activities. Its business is particularly associated with southern Vietnam, where the company describes itself as a leading property developer and agency by sales volume. The company’s expansion has been closely tied to distribution mandates and strategic relationships with major Vietnamese property and investment groups. In 2014, it reached an agreement with Tân Liên Phát Investment Corporation to distribute the Vinhomes Central Park project. In 2016, it became a strategic partner of VinaCapital Group. In June 2021, it cooperated with T&T Group and became the exclusive distributor for projects marketed under the T&T brand nationwide. These arrangements positioned Khai Hoan Land not only as a developer but also as a distribution platform connecting property projects with buyers through its sales organization. Khai Hoan Land increased its charter capital several times during its expansion. Capital rose from VND 6 billion at establishment to VND 36 billion in April 2010 and VND 3,000 billion in March 2017. The company was transformed into a public company in December 2020 with charter capital of VND 1,600 billion. In 2021, it completed a public offering of 14,817,547 shares, listed on the Ho Chi Minh City Stock Exchange under the code KHG, and reported charter capital of VND 3,188 billion. The company subsequently reported further capital increases, reaching VND 4,431 billion in 2022. The supplied reference material also records reported share capital of approximately VND 4,494.35 billion in April 2026; because that date is beyond the current historical period, it should be treated as a later reference point rather than a settled present-tense fact. The company’s operating structure includes Khải Hoàn Group, An Thịnh Phát Property Investment Co., Ltd., An Pha Property Investment & Development Co., Ltd., Vũng Tàu Khải Hoàn Group Co., Ltd., and Khai Minh Land Real Estate JSC. Khải Hoàn Group is described as an associated diversified group with interests spanning real estate, education, technology, health care, agriculture, and entertainment. Nguyễn Khải Hoàn is identified as chair of Khải Hoàn Group and as holding 80 percent of its authorized share capital in the cited reference material. The relationship between the broader group and the listed Khai Hoan Land company should be distinguished from direct ownership unless confirmed by corporate filings. A notable aspect of Khai Hoan Land’s corporate identity is its emphasis on a reading culture. Books are reportedly incorporated into training courses and award events, and the company has used books as gifts at philanthropy-related activities. This gives the brand a cultural and community-facing element alongside its commercial property role. Publicly available reference material provides substantial information about its incorporation, capital formation, partnerships, listing, and organizational expansion, but limited detail about individual completed development projects, current executives of the listed company, financial performance, and its official web domain.
History
Khai Hoan Land was officially established in 2009 by Nguyễn Khải Hoàn in Vietnam, initially with charter capital of VND 6 billion. The company’s early development centered on real-estate agency and project distribution. In April 2010, it increased charter capital to VND 36 billion, providing a larger base for expansion in the property market. A significant stage in the company’s development came in 2014, when it reached an agreement with Tân Liên Phát Investment Corporation to distribute the Vinhomes Central Park project. The agreement connected Khai Hoan Land with one of Vietnam’s prominent large-scale urban property projects and reinforced its role as an intermediary and sales platform for major developers. In 2015, it opened 15 concentrated divisions, indicating a more structured and geographically distributed sales organization. The following year, the company became a strategic partner of VinaCapital Group, broadening its network of institutional and property-sector relationships. Khai Hoan Land accelerated its capitalization in the second half of the 2010s. In March 2017, its charter capital reached VND 3,000 billion. The company became a public company in December 2020, at which point its charter capital was reported as VND 1,600 billion. In 2021, it completed a public share offering of 14,817,547 shares and listed on the Ho Chi Minh City Stock Exchange under the ticker KHG. Following the listing, the company reported charter capital of VND 3,188 billion. The year 2021 also brought a major distribution relationship with T&T Group. In June, Khai Hoan Land cooperated with T&T and became the exclusive distributor for projects carrying the T&T brand throughout Vietnam. This arrangement reflected the company’s dual identity: it was both a property developer and a national sales and agency organization for third-party projects. In 2022, the company reported further growth in capitalization, reaching VND 4,431 billion, and expanded its network to 50 concentrated divisions nationwide. Its stated direction included dividend payments and additional share issuance. The reference material also records reported share capital of approximately VND 4,494.35 billion in April 2026, although this later date requires verification against contemporary company filings before being treated as a current corporate fact. The broader Khải Hoàn Group is described as an associated Vietnamese conglomerate active across real estate, education, technology, health care, agriculture, and entertainment. It was chaired by Nguyễn Khải Hoàn, who was reported to hold 80 percent of its authorized share capital. The group raised its charter capital to VND 2,600 billion in 2019 and to VND 5,560 billion by December 2020, according to the cited reference material. These figures relate to Khải Hoàn Group and should not automatically be attributed to the listed Khai Hoan Land entity. Khai Hoan Land has also promoted a distinctive internal and social philosophy based on reading. Books are presented during training programs and award ceremonies, and book-gifting has been associated with philanthropy-oriented events. This reading-culture practice forms part of the company’s public identity and differentiates its corporate-culture messaging from purely commercial real-estate promotion. Available reference material establishes the company’s origins, capital development, partnerships, listing, and organizational expansion, but does not provide enough verified information to document a complete catalogue of its own development projects or a full current leadership roster.
- 2022
National network expansion
[1]Reported charter capital reached VND 4,431 billion and the company’s concentrated-division network reached 50.
- 2021
HOSE listing
[1]Khai Hoan Land listed on HOSE under ticker KHG after a public share offering.
- 2021
T&T distribution partnership
[1]The company became the exclusive distributor for T&T-branded projects nationwide.
- 2020
Conversion into a public company
[1]The company became a public company in December with charter capital of VND 1,600 billion.
- 2017
Charter capital reaches VND 3,000 billion
[1]The company reported charter capital of VND 3,000 billion in March.
- 2016
VinaCapital strategic partnership
[1]Khai Hoan Land became a strategic partner of VinaCapital Group.
- 2015
Sales-division expansion
[1]Khai Hoan Land opened 15 concentrated divisions.
- 2014
Vinhomes Central Park distribution agreement
[1]The company agreed to distribute the Vinhomes Central Park project for Tân Liên Phát Investment Corporation.
- 2010
First reported capital increase
[1]Charter capital increased to VND 36 billion in April.
- 2009
Company founded
[1]Khai Hoan Land was established by Nguyễn Khải Hoàn with charter capital of VND 6 billion.
Products and positioning
A southern Vietnam-focused real-estate developer and distribution platform combining property development, agency services, strategic project partnerships, and a corporate culture centered on reading and community activity.
Property development
Residential real-estate development
Khai Hoan Land operates as a Vietnamese real-estate developer, with its business centered on residential property and associated urban-development opportunities. The available reference material does not provide a sufficiently complete verified list of projects developed directly under the Khai Hoan Land name.
Agency services · 2009
Real-estate agency and project distribution
Agency and distribution are core parts of the Khai Hoan Land business model. The company has built sales divisions and represented large development projects, including Vinhomes Central Park and projects associated with T&T Group. Its distribution role extends beyond the southern market through the reported nationwide T&T mandate.
Marketing campaigns
- Reading culture
Vietnam
Khai Hoan Land promotes reading as part of its corporate culture by presenting books during training programs and award events and by giving books at philanthropy-related activities.
Outcome. The initiative forms a recurring cultural and community element of the company’s public identity.
Brand decisions
2022
Capital and organizational expansionStrategyBackground
Following its listing, the company continued to expand its capital base and sales organization.
Action taken
Khai Hoan Land reported charter capital of VND 4,431 billion, 50 concentrated divisions nationwide, and an orientation toward dividends and share issuance.
Aftermath
The reported changes indicated continued organizational and capital-market expansion, although detailed financial outcomes are not provided in the reference material.
Charter capital. VND 3,188 billion → VND 4,431 billion (2021–2022)
2021
HOSE listing and public share offeringStrategyBackground
The public-company conversion created a route for Khai Hoan Land to access Vietnam’s public equity market.
Action taken
The company sold 14,817,547 shares to the public and listed on the Ho Chi Minh City Stock Exchange under ticker KHG.
Aftermath
Reported charter capital increased to VND 3,188 billion after the listing process.
Shares sold to the public. 14,817,547 shares (2021)
2021
Exclusive T&T project distribution agreementStrategyBackground
Khai Hoan Land sought to broaden its project-distribution portfolio and national reach through relationships with major Vietnamese property groups.
Action taken
In June 2021, it cooperated with T&T Group and became the sole distributor for T&T-branded projects across Vietnam.
Aftermath
The agreement strengthened Khai Hoan Land’s position as a nationwide property-sales and distribution organization.
2020
Conversion into a public companyStrategyBackground
Khai Hoan Land was preparing for a more formal capital-market structure after several years of expansion and capital increases.
Action taken
The company converted into a public company in December 2020, with reported charter capital of VND 1,600 billion.
Aftermath
The conversion preceded its 2021 public offering and HOSE listing.
Charter capital. VND 1,600 billion (December 2020)
Recent events
- 2022
Capital and national division network expand[1]
Other
The company reported charter capital of VND 4,431 billion and 50 concentrated divisions nationwide, while indicating a focus on dividends and share issuance.
- 2021
Khai Hoan Land lists on HOSE under KHG[1]
Other
The company listed on the Ho Chi Minh City Stock Exchange under ticker KHG after selling 14,817,547 shares to the public and reporting charter capital of VND 3,188 billion.
- 2021
T&T Group appoints Khai Hoan Land as nationwide exclusive distributor[1]
Other
In June 2021, Khai Hoan Land cooperated with T&T Group and became the sole distributor for projects under the T&T brand in Vietnam.
- 2020
Company converted into a public company[1]
Other
In December 2020, Khai Hoan Land was formally transformed into a public company with charter capital of VND 1,600 billion.
- 2017
Capital raised to VND 3,000 billion[1]
Other
Khai Hoan Land increased its charter capital to VND 3,000 billion in March 2017.
- 2016
VinaCapital becomes a strategic partner[1]
Other
Khai Hoan Land entered a strategic partnership with VinaCapital Group.
- 2015
Khai Hoan Land expands its sales organization[1]
Other
The company opened 15 concentrated divisions as part of its organizational expansion.
- 2014
Khai Hoan Land secures Vinhomes Central Park distribution agreement[1]
Other
The company agreed with Tân Liên Phát Investment Corporation to distribute the Vinhomes Central Park project.
- 2010
Charter capital increased to VND 36 billion[1]
Other
The company increased its charter capital in April 2010 as it developed its property business.
- 2009
Khai Hoan Land established with VND 6 billion charter capital[1]
Other
Khai Hoan Land was formally established in Vietnam with initial charter capital of VND 6 billion.
Sources1 sources
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