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History & Development

Key milestones:

1994: Openasia was co-founded by Lazard Freres investment bank

1999: Openasia was acquired by three partners: Mr. Doan Viet Dai Tu, Mr.  Christian de Ruty and Mrs. Nguyen Thi Nhung

1999: Openasia group was founded with headquarters based in Hong Kong, and launched its slogan “business is all about people”

1999: The company entered Vietnam’s infrastructure and mining sector with Openasia Heavy Equipment Ltd

2001: Omvest (Openasia Development) was set up with its first investment as strategic partner with Gras Savoye Willis (insurance brokerage)

2003: Openasia Heavy Equipment became market leader for mining equipment distribution

2003: Omvest became the joint venture partner of Lafarge Vietnam (Cement)

2003: Openasia became the leading strategy and investment advisory firm in the market

2006: Openasia created Tam Son International to enter into the luxury retail market, and opened Galerie Royale in Hanoi and Ho Chi Minh City, bringing Kenzo, Emilio Pucci, La Perla and Korloff to the local market.

2007: Openasia co-founded with Artemis the USD 250m fund Red River Holding for Vietnam

2007: STS, an IT software company was acquired

2008: Tam Son became the official distributor of Hermès for Vietnam and opened its first flagship boutique in Hanoi

2008: Omvest joint ventured with CFAO to become the official importer and distributor of Audi for Vietnam, and opened its first showroom in Ho Chi Minh City

2011: Openasia acquired Thien Hong, a company specializing in luxury lacquerware production in Binh Duong

2011: The group is re-branded “Openasia Entrepreneurial Investors” with strategic focus into Retail and Distribution, Services and Investment

2012: A series of luxury flagship boutiques opened in Hanoi and Ho Chi Minh City, including Hermès, Atelier Haute Communication, Chopard, Hugo Boss

2012: Openasia became the majority shareholder of Thanh Tan company in Hue (Mineral water, Hotspring and Hotels) and created Alba brand

2012: Omvest joint ventured with Maxim’s for Starbucks Vietnam master franchise and celebrated the opening of the first Starbucks store in Ho Chi Minh City

2013: Thien Hong expanded its production with a workshop in Hanoi.

2013: Bang & Olufsen celebrated its first boutique in Hanoi

2013: Alba natural mineral water was launched in Hanoi and Ho Chi Minh City

2014: Openasia acquired the Hanoi Press Club and the Emeraude Halong Cruise

2014: Tam Son became the official distributor of Bottega Veneta and launched the first store at Union Square Saigon

2014: Chopard expanded its business to Hanoi

2014: Openasia celebrated the Power of Harmony for its 20th anniversary in Thanh Tan Hot Springs Resort with 900 people

2015: Hanoia products entered La Boutique du Metropole and the Heritage House 87 Ma May in Hanoi

2015: Hanoia was officially launched as the leading luxury lacquer brand in Vietnam

2015: Press Club opened La Table du Chef and La Plume Bar & Lounge with Michelin-starred chef Alain Dutournier

2015: Bottega Veneta opened its boutique in Hanoi

2016: Opal Vietnam agency was established, providing communication and event management services

2016: Hanoia inaugurated its flagship boutique in Hanoi

2017: Tam Son Yachting was founded, pionnering the leisure boat and yachting lifestyle in Vienam

2017: Omvest became the majority shareholder of Toong co-working space

2018: Alba Wellness Valley, the first ever natural mineral water wellness and hotspring destination in Vietnam officially opened its doors in Hue

2018: Hanoia introduced its first boutique in Ho Chi Minh city

2018: Tam Son became the official distributor of Patek Philippe and opened the first flagship store in Hanoi

2019: Hermès Heritage – In Motion, the first ever Hermès exhibition of its size was held in the Temple of Literature, Hanoi

2019: Tam Son Yachting opened the first official marina of Ho Chi Minh City at Vinhomes Central Park

2019: Openasia celebrated its 25-year journey of passion and success in Alba Wellness Valley, and launched the One Openasia innovation program


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