# SaigonTourist Holding Company

SaigonTourist Holding Company is a Government / Public Body based in Ho Chi Minh City, Vietnam.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Ho Chi Minh City, Vietnam
- **Region:** Asia
- **Address:** Ho Chi Minh City, Vietnam
- **Assets under management:** Undisclosed
- **Website:** saigontourist.com.vn
- **LinkedIn:** https://www.linkedin.com/company/saigontourist-holding-company

## Regulatory record

- **Reports private funds:** No

## About

SaigonTourist Holding Company is a government agency based in Ho Chi Minh City, Vietnam. It manages assets valued at approximately $379 million across one fund. Its regional focus is Asia.

## Sectors

- Real Estate
- Media & Entertainment
- Education

## People

- People's Committee of Ho Chi Minh City — Founder and 100% Owner

## Questions

### Who owns SaigonTourist Holding Company, and what is its corporate structure?

The People's Committee of Ho Chi Minh City is the 100% owner and direct governing body of SaigonTourist Group. It operates as a state-owned enterprise, consolidating hospitality, media, transport, and training assets under a single holding company. The structure allows the city to coordinate tourism policy and commercial operations through one entity.

### What are SaigonTourist's core operating assets?

The portfolio includes six landmark hotels in District 1 — Rex Hotel Saigon, Hotel Majestic Saigon, Hotel Grand Saigon, Hotel Continental Saigon, New World Saigon Hotel, and Caravelle Saigon Hotel. It also holds the Binh Quoi Tourist Village, a dedicated transport fleet, and Saigontourist Hospitality College. Its joint venture with Vietnam Television produced Saigontourist Cable Television (SCTV).

### Does SaigonTourist participate in fund commitments or direct investments?

The group does not operate as a fund investor. Its deployment model is direct ownership and operation of hospitality, media, and training assets, often through joint ventures or strategic cooperation agreements with domestic partners like Sun Group and Vietnam Airlines.

### What is SaigonTourist's relationship with Vietnam Airlines?

Vietnam Airlines is a long-standing strategic partner. The two entities regularly co-host promotional pavilions at international tourism fairs, including ITB Berlin and VITM Hanoi, to bundle aviation access with SaigonTourist's hospitality offerings for inbound travelers.

### How does SaigonTourist's state ownership affect its investment decisions?

Investment posture is tied directly to municipal policy resolutions. The firm's strategy workshops and annual reviews explicitly align with Ho Chi Minh City's economic mechanisms, and the People's Committee governs its board-level direction. This means capital allocation often prioritizes tourism infrastructure and city-branding objectives alongside enterprise returns.

## Related profiles

- [Saigon Telecommunication & Technologies Corp](https://altss.com/profile/saigon-telecommunication-technologies-corp)
- [SAI Group](https://altss.com/profile/sai-group)

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Last updated: 2026-06-03T20:00:00.000Z

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