ABBank targets $42 mln in pre-tax profit, to go public in 5 years

ABBank targets $42 mln in pre-tax profit, to go public in 5 years

An Binh Commercial Joint Stock Bank (ABBank) has targeted pre-tax profits of VND1 trillion ($41.6 million) this year, up 94.5% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam industrial, logistics real estate flashing on investors’ radars

Vietnam industrial, logistics real estate flashing on investors’ radars

Industrial and logistics properties in Vietnam are the preferred asset choice for foreign investors, with the country growing into a new global manufacturing hub, while the office segment is also in demand, said Cushman & Wakefield’s Asia Pacific CEO Matthew Bouw.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Temasek-backed CapitaLand likely to buy Vinhomes property assets

Temasek-backed CapitaLand likely to buy Vinhomes property assets

Singapore real estate giant CapitaLand Group is in talks to acquire assets worth roughly $1.5 billion from Vietnam’s biggest listed property firm Vinhomes JSC, a subsidiary of the country’s largest conglomerate Vingroup, according to Reuters.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Police unblock assets of 20 'Van Thinh Phat scam-related' firms

Police unblock assets of 20 'Van Thinh Phat scam-related' firms

The Ministry of Public Security’s investigative agency has reverted its asset freezing decision for 20 among the 762 "Van Thinh Phat Group scam-related" companies.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hanoi freezes assets of 762 Van Thinh Phat Group scam-related companies

Hanoi freezes assets of 762 Van Thinh Phat Group scam-related companies

Hanoi’s Department of Planning and Investment has frozen assets of 762 legal entities related to the alleged fraud that occurred at property developer Van Thinh Phat Group.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7