LuxYacht to exclusively represent the Ferretti Yachts, Pershing and Riva brands

Italy’s Ferretti Group has expanded its presence in the Asian market by announcing a new dealership agreement with Vietnam-based Luxury Yacht Limited (LuxYacht). LuxYacht will exclusively represent the Ferretti Yachts, Pershing and Riva brands.

“The partnership with LuxYacht is a new and strategic commercial partnership for our group, and it is of fundamental importance for our growth path in the South-East Asian market,” says Stefano de Vivo, CCO of Ferretti Group. “We have decided to rely on a highly experienced nautical broker in a country that is experiencing record economic growth with a 7% increase in GDP and a consequent growing demand for luxury goods.”

Led by Nguyen Duc Thuan, president of LuxYacht, the team includes yachting experts and engineers, and a sub-dealers network spread all through Vietnam. With many years of experience in maritime industry, the company has become a pioneer in the field of genuine yacht distribution and watersports products imported into Vietnam.

“The partnership between LuxYacht and Ferretti Yachts, Pershing and Riva in Vietnam is very exciting because we know the quality, craftsmanship and elegance of the Ferretti yachts,” says Nguyen. “I’ve been working with smaller sized yachts from other brands over the last three years and seen good results. We now see that the market is maturing, with many clients showing an interest in owning yachts over 30m. LuxYacht is committed to supporting the new boating community in Vietnam, and helping them to integrate yachting into their lifestyle.”

The partnership will allow the Ferretti Group to further improve its customer care operations in South East Asia and to guarantee a complete service to Vietnamese boat owners, from the initial purchase to the aftersales service. With a trusted dealership of more than 60 partners globally located in Europe, the Middle East, Africa, the Americas and Asia Pacific, Ferretti offers service in more than 80 countries worldwide.

The signing of the agreement with LuxYacht was announced at a press conference and VIP lunch at the Wyndham Legend Hotel, Ha Long Bay.