Vien Dong Pharmaceutical Joint Stock Co (DVD) and Dat Xanh Real Estate Service and Construction Co (DXG) will on December 22 become the latest companies to list on the HCM Stock Exchange.

The pharmaceutical company has charter capital of over 89 billion VND (4.8 million USD). Its reference price is set at 85,000 VND.

The company had set a target of 76 billion VND in net profit for this year, twice that of 2008. It had already passed the target by the end of November, recording profits of almost 91 billion VND.

General director Le Van Dung expects his company to record a net profit of 125 billion VND next year and 143 billion VND in 2011.

The DVD is developing a factor at the Tien Son Industrial Park in the northern province of Bac Ninh by total investment of 450 billion VND which will begin operations in the first quarter of 2010.

The company has plans to issue more than 10 million new shares and double its capital early next year.

Dat Xanh is capitalised at 80 billion VND. The reference price for its first trading day is 40,000 VND.

The DXG recently began construction on two residential projects, the Phu Gia Hung Area in HCM City and Giang Dien Urban Area in Dong Nai province, with an investment of almost 1 trillion VND.

The company has also joined hands with partners for developing several projects, including the Thung Lung Xanh residential complex in Dong Nai province and is the sales agent for other projects./.