On December 14, Laziz Kudratov, Minister of Investments, Industry, and Trade of the Republic of Uzbekistan, met with Tuan Chan, the founder of the Vietnamese company ROX Group.

Background: Established in 1996, ROX Group operates in real estate, technology, hospitality, and financial services. In 2023, the company reported revenue of $2.4 billion and employs over 2,000 staff. It is actively expanding its international presence, including in European markets.

During the meeting, Tuan Chan commended Uzbekistan for creating favorable conditions for entrepreneurs and highlighted the efficiency of the country’s system for developing ready-to-implement, viable projects in priority sectors. He emphasized that this approach is particularly attractive to foreign investors. Thanks to the accessibility and openness of the Uzbek market, ROX Group was able to explore various project proposals and identify suitable investment opportunities.

ROX Group expressed keen interest in implementing projects in residential construction and the development of recreational tourism in Uzbekistan’s regions, leveraging the company’s extensive experience and innovative solutions.

The Vietnamese representatives were assured of the Ministry’s full support at every stage of the project lifecycle. Minister Kudratov expressed confidence that collaboration with ROX Group would significantly contribute to the growth of Uzbekistan’s construction and tourism sectors.

As a result of the discussions, the parties agreed on the next steps for joint cooperation in the identified areas. Furthermore, a dedicated investment manager was appointed to provide ongoing support and guidance throughout the implementation of the projects.