Motoring / Yachts

Ferretti Group Partners with LuxYacht in Vietnam

Italy’s Ferretti Group has appointed LuxYacht as the exclusive dealer for Ferretti Yachts, Riva and Pershing in fast-rising Vietnam.

Jul 17, 2019 | By Yacht Style

Ferretti Group has expanded its presence in Asia after signing a new dealership agreement with Vietnam Luxury Yacht Limited Company, also known as LuxYacht, to exclusively distribute the Ferretti Yachts, Pershing and Riva brands in Vietnam.

Ferretti Group Asia Pacific and LuxYacht management and staff at the signing ceremony

Ferretti Group Asia Pacific and LuxYacht management and staff at the signing ceremony

LuxYacht joins over 60 Ferretti Group partners in Europe, Middle East, Africa, Americas and Asia Pacific, which enable the Group to service more than 80 countries worldwide.

Stefano de Vivo, CCO of Ferretti Group, said: “The partnership with LuxYacht is a new and strategic commercial partnership for our Group and is of fundamental importance for our growth path in the Southeast Asian market.

“We have decided to rely on a highly experienced nautical broker in a country like Vietnam that is experiencing record economic growth, with a seven per cent increase in GDP and consequently a growing demand for luxury goods.”

Nguyen Duc Thuan, President of LuxYacht, with Fabiomassimo Discoli, Ferretti Group’s Sales and Marketing Director Asia Pacific

Nguyen Duc Thuan, President of LuxYacht, with Fabiomassimo Discoli, Ferretti Group’s Sales and Marketing Director Asia Pacific

The signing of the agreement was held at the prestigious Wyndham Legend Hotel at the UNESCO World Heritage Site of Ha Long Bay. The event featured a press conference and an exclusive lunch for VIP guests including LuxYacht clients.

Nguyen Duc Thuan, President of LuxYacht, signed the agreement with Fabiomassimo Discoli, Ferretti Group’s Sales and Marketing Director Asia Pacific, who has worked in the Group’s Asia-Pacific headquarters in Hong Kong since it opened in 2013.

Fabiomassimo Discoli and Nguyen Duc Thuan with colleagues from both companies

Fabiomassimo Discoli and Nguyen Duc Thuan with colleagues from both companies

Nguyen said: “The launch of the exclusive dealership between LuxYacht and Ferretti Yachts, Pershing and Riva in Vietnam is very exciting because these are three of Ferretti Group’s most well-known global brands.

“We know the quality, craftsmanship and elegance of the Group’s yachts and want to bring this unparalleled offering to the people of Vietnam to help them create a valuable and sound life ahead, while integrating yachting into their lifestyle.”

The original article appears in Yacht Style Issue 48.

Email [email protected] for print subscription enquiries or subscribe to the Magzter version at: www.magzter.com/SG/Lux-Inc-Media/Yacht-Style/Fashion/

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