Vietnamplus

The condominium supply in Ho Chi Minh City will reach a record low in 2023 with only about 9,000 new units from 200 projects, experts said.

The Coop-Expo 2022 opened at Vinhomes Royal City in Thanh Xuan district of Hanoi on June 8, introducing typical products and services of cooperatives across the country.

Social housing projects that developers were hesitant to invest in due to capped profit suddenly gained traction as giant developers recently announced plans to step into the segment.

Vietnamese multi-sector corporation Vingroup aims for net revenue of about 140 trillion VND (6.06 billion USD) this year, an increase of 11.4 percent year on year and after-tax profit of about 6 trillion VND (260 million USD), heard the firm’s annual stakeholders’ meeting held on May 11.

Vinhomes JSC was honoured as one of the top 10 property developers in Vietnam at the recent BCI Asia Awards ceremony for 2020 - 2021, the 7th straight time this company has secured the prize.

Two new subsidiaries under the Vietnamese conglomerate VinGroup – the VinES Energy Solutions JSC (VinES) and VinAI Artificial Intelligence Application and Research JSC (VinAI) – have been established with charter capital of 1,000 billion VND (43.68 million USD) and 425 billion VND, respectively.

Vinhomes JSC, Hoa Phat Group JSC, Mobile World Investment Corporation and Vietcombank are among the top 50 public companies in 2021 announced by Vietnam Report.

Vinhomes Smart City, an urban complex developed by VinGroup’s Vinhomes in Hanoi, has won the Mixed Use Development and Sustainable Residential Development categories at the 2021 Asia Pacific Property Awards (APPA).

Vinhomes JSC and Nova JSC are among the top 10 prestigious firms in the real estate and construction sector this year.

Final touches are being put on the 6.1-hectare salt-water lagoon in Hanoi’s Vinhomes Ocean Park, which will be launched during the upcoming public holiday this weekend.

The Vinbus Ecology Transport Services Limited Liability Company (VinBus), a member of Vietnam’s largest conglomerate VinGroup, launched the first smart e-bus service in the country on April 8.

The success story of a start-up, Propzy, despite the challenges posed by COVID-19 surprised participants at a conference on technology being held in Ho Chi Minh City.

Twenty-five companies have entered the “one-trillion-dong profit club” for January-June, despite the economy being ravaged by the COVID-19 pandemic.

A group of investors led by US-based private equity firm KKR, including Temasek Holding of Singapore, invested 15.1 trillion VND (650 million USD) in a stake of the Vinhomes Joint Stock Company (Vinhomes).

After a brief hiatus, property companies have been resuming sales of developments and revealing their post-COVID-19 business plans since the beginning of May.

Conglomerate Vingroup JSC plans to earn 145 trillion VND (6.2 billion USD) in revenue this year, up 12 percent year-on-year.

The Vietnam Real Estate Association (VNREA) held a conference in Hanoi on February 18 to discuss difficulties in mechanisms and policies faced by businesses and investors.

Most large-cap firms have released full-year earnings reports for 2019 with 29 companies reporting a pre-tax profit of more than 3 trillion VND (roughly 130 million USD).

Ho Chi Minh City will hold 15-minute fireworks displays at seven venues to welcome the Year of the Rat on Lunar New Year’s Eve (January 24).

Conglomerate Vingroup officially opened its VinUni University (VinUni) as the first Vietnamese private and not-for-profit university at the Vinhomes Ocean Park urban area in Gia Lam district, Hanoi, on January 15.