Vietnamese online travel booking service provider Vntrip.vn has completed fund raising of $45 million from Swiss investor IHAG Holding.

The fund raising is the next step following the Series B fund raising from Hendale Capital a year ago and promises to create breakthrough growth for Vntrip.vn in 2018.

Mr. Le Dac Lam, Co-founder and CEO of Vntrip.vn, said it is happy to be working with IHAG as their experience and support will help it confidently implement its plans. “With strategic cooperation from an experienced foreign investor and our own financial resources, we will continue to focus on developing better pricing policies for our customers, ensuring the price of hotel bookings and airfares on Vntrip.vn will always be the cheapest,” he said.

Mr. Armin Meier, a member of the Board of Directors at IHAG, said that this round of fund raising will help boost Vntrip.vn’s strengths and create a strong position to push into other fields such as selling air tickets online, which is a necessity in becoming the largest tourism company in Vietnam. “After studying the market, the operations of the company and the management team, we believe that Vntrip.vn has an effective and impressive business model,” he added.

IHAG is a global Swiss investment group with a long history of supporting companies in many different fields in many countries. With an orientation towards “Investing in the Future”, it maintains a deep and open vision.

Vntrip.vn completed Series A fund raising of $3 million from the FengHe Group and Hancock Revocable Trust and also announced in 2017 it had raised up to $10 million in capital from Hendale Capital.

It has the advantages many local OTAs hold in winning in the domestic market: superior customer service through 24/7 call centers, unique services such as free airport transfers, creative marketing programs, and strong local relationships.

In 2017 it spread its brand image on billboards from the check-in lobby to taxi ranks at major international airports, including Noi Bai in Hanoi and Tan Son Nhat in Ho Chi Minh City. Images of Vntrip.vn also appear on office and residential buildings around the country and at large shopping centers in Hanoi, Ho Chi Minh City, Hai Phong, and Da Nang.