Construction giant Vinaconex plans rights issue, capital base hike in 2024
Vinaconex, among Vietnam’s top construction companies, plans to issue nearly 120 million shares to existing shareholders at VND10,500 ($0.41) apiece this year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam real estate major DIC Corp sees 33% post-audit net profit plunge
Top real estate developer DIC Corp has seen its 2023 net profit drop 33% to VND112 billion ($4.49 million) after the audit of its consolidated financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese realty player DIC Corp guns for profit, capital base spikes
Development Investment Construction JSC (DIC Corp), among the top real estate developers in Vietnam, targets to earn VND1.01 trillion ($40.7 million) in pre-tax profit this year, up 508.9% year-on-year.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC sees no housing supply from new projects due to regulatory conditions
Two real estate projects in Ho Chi Minh City failed to meet the regulatory conditions to mobilize capital in the first quarter of this year, worsening the lack of new properties on the market, said a representative of the municipal Department of Construction.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
HopLuc an industrial park construction giant in Vietnam
HopLuc Construction JSC boasts many years in industrial park construction as the engineering & construction (E&C) contractor for a series of large projects across Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Multi-sector group PC1 posts lowest net profit in 11 years
Multi-sector group PC1's 2023 net profit plunged 70% year-on-year to VND136 billion ($5.54 million), the lowest level in 11 years.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Capital, subsidiary Tracodi repeat presence in Vietnam’s top 500 firm listing
Bamboo Capital Group and its subsidiary Tracodi are featured again in VNR500, a list of 500 biggest firms in Vietnam compiled by ranking and research company Vietnam Report.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
DaiDung Corporation concludes 2023 with remarkable achievements
In December 2023, DaiDung Corporation (DDC) marked the end of a successful and vibrant year, showcasing solid progress and notable events. Let's recap the significant activities undertaken by DDC during this period.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Leading contractor Hoa Binh targets triple profits next year
Vietnam's top contractor Hoa Binh Construction Corporation (HBC) expects to earn VND433 billion ($17.8 million) in after-tax profits next year, 3.5 times higher than the 2023 target.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tracodi-Thanh Tuan Atesco partnership lines up major infrastructure works
Tracodi, the construction-infrastructure subsidiary of Bamboo Capital, and Thanh Tuan Atesco, a major developer of urban areas and industrial parks, are planning major infrastructural works after striking a strategic partnership.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
Construction giant Deo Ca partners with Denmark firm to build first wind tunnel lab in Vietnam
Vietnam’s construction giant Deo Ca Group said Tuesday that it was teaming up with Denmark’s SOH Wind Engineering to build the nation’s first wind tunnel lab.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major construction contractor Hoa Binh makes H1 loss of $29.5 mln
Hoa Binh Construction Group, a leading Vietnamese construction contractor, made losses of nearly VND713 billion ($29.5 million) in the first six months of the year, an audited financial statement says.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Capital subsidiary Tracodi’s prospects buoyed by infrastructure investments, quarrying operations
Tracodi, a Bamboo Capital Group subsidiary, has seen its fortunes and prospects lifted by its infrastructure investments and quarrying operations despite a year-on-year Q2 decline in revenues and pre-tax profits.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firms ship cement to US amid domestic market gloom
Major Vietnamese cement manufacturers Xuan Thanh and Nghi Son have penetrated the U.S. market as the construction sector at home remains quiet due to the ailing property market.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Australia partner willing to invest $100 mln in Hoa Binh: CEO
Four partners have shown an interest in a share issuance of leading Vietnamese construction contractor Hoa Binh (HBC) and one of them, from Australia, said it is willing to spend $60-100 million, revealed CEO Le Van Nam on Tuesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Work starts on $3.7 bln Hanoi Ring Road 4
Construction of the VND85.81 trillion ($3.65 billion) Ring Road 4 in the capital region began on Sunday in Hanoi and the nearby provinces of Hung Yen and Bac Ninh.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam property developers face steeper path to growth: S&P Global
Property developers in Vietnam and Indonesia are going to face various hurdles in the next 12 months, including funding and regulatory issues, according to a new S&P Global Ratings report.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Construction giant Hoa Binh appoints new general director after 1-year vacancy
Vietnam’s leading construction contractor Hoa Binh (HBC) has appointed Le Van Nam as general director from June 1.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Capital construction subsidiary Tracodi among best-growing firms
Tracodi, a subsidiary of Bamboo Capital Group, ranked ninth in the Top 50 Vietnam Best Growth 2023 list of the most rapidly expanding enterprises compiled by Vietnam Report, a leading local ranking and research company.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
Construction giant Hoa Binh shares not traded in morning session
The Ho Chi Minh Stock Exchange (HoSE) has announced the transfer of HBC shares of Vietnam’s leading construction contractor Hoa Binh from controlled to restricted trading starting May 23, due to late submission of its 2022 audited financial statement by more than 45 days.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Leading contractor Hoa Binh Construction suffers second consecutive quarter loss
Hoa Binh Construction Group reported a net loss of more than VND440 billion ($18.75 million) in the first three months of 2023, marking its second quarter of loss in a row.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Corporate bonds equal to 1.6% of HDBank’s total outstanding loans, lowest among banks
Corporate bonds accounted for just 1.6% of Vietnamese lender HDBank’s total outstanding loans at the end of last year, the lowest ratio in the country’s banking system, its CEO Pham Quoc Thanh said.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Construction firm Coteccons' shareholders advised to buy in when price falls
Leading Vietnamese construction firm Coteccons’ chairman Bolat Duisenov said the company's shareholders should place their trust in its long-term outlook and purchase more shares when prices fall.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC innovative move to help boost climate resilience of buildings in Vietnam
International Finance Corporation, the World Bank’s investment arm, launched its Building Resilience Index (BRI) program in Vietnam on Thursday to help make the country's buildings and cities more climate resilient.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Construction giant Vinaconex seeks 70% rise in 2023 net revenue
Construction and real estate corporation Vinaconex has targeted VND16.3 trillion ($695 million) in consolidated net revenue this year, a rise of 70% from 2022.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC's first metro line must complete in early Sept: Prime Minister
Prime Minister Pham Minh Chinh has required the construction of Ho Chi Minh City’s first metro line to be finished by September 2 this year - the National Day and four months ahead of the schedule.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM sets construction, completion deadlines for key transport projects in Vietnam
Prime Minister Pham Minh Chinh has requested the Ministry of Transport and relevant agencies to accelerate work on major projects across the country, and provided deadlines for either construction or completion.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Six months added for completion of Long Thanh Airport terminal
The Airports Corporation of Vietnam (ACV), investor of Long Thanh International Airport, has extended the duration to complete its passenger terminal by six months, from 33 to 39.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Construction stocks help VN-Index close in green
The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), gained 1.02 points, or 0.1%, to 1,059.31 on Friday thanks to the rally of construction stocks.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Four industrial parks in northern province added to national plan
Four industrial parks in the northern province of Ha Nam have been added to the national plan for industrial park development under a decision signed by Deputy Prime Minister Le Minh Khai on Friday.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Construction heavyweight Vinaconex doubles profit to $45 mln in 2022
Construction and real estate corporation Vinaconex recorded an after-tax profit of VND1,049 billion ($44.74 million) in 2022, up 101% year-on-year, fulfilling 75% of its target.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Prime Minister seeks progress on HCMC Ring Road 3
PM Pham Minh Chinh said Sunday he wanted sub-project 1A of Ho Chi Minh City’s Ring Road 3 project to be completed by April 2025, six months ahead of schedule.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM pushes Long Thanh Airport construction pace
Prime Minister Pham Minh Chinh has instructed ministries, state agencies, stakeholders, and the southern province of Dong Nai to speed up work on Long Thanh International Airport to complete the project as scheduled.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Premier wants Hanoi region’s Ring Road 4 completed in 2025
Prime Minister Pham Minh Chinh said construction of Ring Road 4 in the Hanoi capital region needed to be finished in 2025.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Leading builder Licogi profit drops 83% in 2022
Licogi Corporation, a leading construction firm in Vietnam, earned a post-tax profit of VND19.85 billion ($850,000) in 2022, down 83% year-on-year, according to its financial report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
- Editor’s Picks
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No offshore wind projects in Vietnam until 2028: global council
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Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
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Techcombank plans 10% stake issue to foreign strategic investors
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Vietnam needs to build more highways: logistics firm exec
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Vietnam central bank pumps cash to save troubled lender SCB
- Editor’s Picks
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No offshore wind projects in Vietnam until 2028: global council
-
Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
-
Techcombank plans 10% stake issue to foreign strategic investors
-
Vietnam needs to build more highways: logistics firm exec
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Vietnam central bank pumps cash to save troubled lender SCB
