Investing

The buyer of each of these pieces will be certified of their asset and earn profit should the property value go up. VIM also offers a minimum annual profit guarantee in case market conditions are unfavorable, but the company has not revealed a specific figure. "We expect to create a product to help customers with small capital to invest in the property market and help boost the secondary market," said CEO Phan Thanh Long. Vuong, chairman of conglomerate Vingorup, contributes VND16.2 trillion ($678.39 million) worth of capital using 243 million of Vingroup’s VIC shares. This means he accounts for a 90% stake in the VND18 trillion company. Joint property investment has been adopted by several companies in Vietnam in recent years. … [Read more...] about Vingroup chairman sets up joint property investment company

Over the last two months, Indian investors have organised events and field surveys across the country to look for opportunities. A view of the 2022 Horasis India Meeting (Photo: VNA) The Confederation of Indian Industries led a delegation of 15 leading companies to Vietnam on September 25-28 to participate in the India-Vietnam Business Forums held in the southern province of Binh Duong and Hanoi. Indian investors are looking for local partners to enhance bilateral cooperation in various sectors, such as energy, electric vehicles, IT, petrochemicals, healthcare, water treatment, food and beverages, fertilisers, and food processing. “We want to establish a joint venture with local partners to set up an integrated biotech laboratory, which can be used to manufacture biotech products for agriculture, veterinary products, and aquaculture products,” said Mekala Lakshmi Prasad, managing director of agri- and aquaculture group Sujay Biotech. In late August, 25 automotive … [Read more...] about Indian-based financiers eager to pour further investment into the country

Vietnam Rubber Group (VRG) is completing its restructuring scheme for 2021-2025 to submit to the Committee for Management of State Capital at Enterprises. One of the highlights is that industrial real estate will be one of three core business sectors, and the company will foster divestment from the rubber sector to mobilise resources for the industrial real estate sector. Developers eager to cultivate funding in industrial real estate - illustration photo VRG general director Le Thanh Hung said that by 2025, the group’s revenue is expected to increase by 30 per cent, and profit will increase by 25 per cent. The group’s consolidated revenue is expected to climb to VND161 trillion ($7 billion), and consolidated pre-tax profit will be $1.49 billion. The after-tax profit of the parent company will be $536.9 million. “To achieve the above goals, the group will apply for a license to convert part of the rubber area to land for industrial production, contributing to improving … [Read more...] about Developers eager to cultivate funding in industrial real estate

There is a lot of room for Vietnam and India to develop trade cooperation, and the most important thing is enhancing connectivity , especially infrastructure connectivity, via both land and maritime corridors. (Illustrative image. Photo: VNA) Hanoi Oct. 6 (VNA) - Vietnam and India should further strengthen connectivity to record more robust growth in bilateral trade, which is expected to hit 15 billion USD this year and surpass the record the two countries set in 2021, Indian analysts have said. Data from the General Department of Vietnam Customs shows that two-way trade between Vietnam and India surged to over 13 billion USD in 2021 from about 200 million USD in 2000. This has been a significant outcome, especially given major disruptions to supply chains during the COVID-19 pandemic. It is yet to match potential, however, Indian analysts believe. “There is a lot of room for Vietnam and India to develop trade cooperation, and the most important thing is enhancing … [Read more...] about Strengthening connectivity key to boosting Vietnam-India trade: Analysts ​

The capital city aims to develop unique and attractive services such as sports tourism, MICE tourism and golf tourism in the coming years. Hanoi has welcomed 13.87 million visitors in the first nine months of this year, an increase of more than four times over the same period last year. Of these, 766,000 are international visitors. Large-scale tourism events will be organized An Ao dai performance in Van Mieu Temple of Literature in Hanoi in early 2022. Photo: toquoc.vn Despite the significant recovery, the municipal tourism sector may not meet its target of receiving between one and 1.2 million visitors in 2022, according to experts, who added that Hanoi should organize large-scale tourism events soon to get closer to the previously set target. According to the Hanoi Department of Tourism, it will organize new tourism programs and cultural and entertainment events to attract more tourists to the capital until the end of the year. The department … [Read more...] about Build up a unique and appealing Hanoi tourism

The development of the urban center of Quy Nhon City. (Photo: SGGP) Accordingly, Binh Dinh approved the investor to implement the above project as a joint venture among Phu Tai Joint Stock Company, Truong Hai Trading Construction Joint Stock Company, and the Northern Service Development Investment Joint Stock Company. Phu Tai Joint Stock Company, established in 2004, and headquartered in Quy Nhon City, is a multi-industry business enterprise. Currently, this enterprise is developing many projects in Quy Nhon City, such as Phu Tai Residence, Hoang Van Thu Apartment Building (Phu Tai Central Life), and Long Van 4 in Quy Nhon City. Truong Hai Trading Construction Joint Stock Company, headquartered in Hanoi, was established in May 2016. Its main business is in architecture and technical consulting. The Northern Service Development Investment Joint Stock Company, headquartered in Hanoi, was established in October 2021, with the main business in the wholesale trading of automobiles … [Read more...] about Binh Dinh Province approves joint venture to implement VND2.9-tril urban project