Metro Star to launch 10-year capital multiplication scheme for key customers
Metro Star Investment Co., Ltd will launch a program titled “continuous capital multiplication in 10 years” for large customers joining its projects along six metro lines in Ho Chi Minh City.
The company, a subsidiary of realty developer CT Group, said Thursday that the launch is part of an event marking its 18th anniversary.
It will also announce a plan for the coming decade and kick off a sales program for properties near Metro Line No. 1 (Ben Thanh-Suoi Tien).
The company said in a release that the 18-year development journey of Metro Star was also marked with a special event: becoming the first enterprise in Vietnam to develop a series of projects along six metro lines in the southern economic hub.
Metro Star has continuously grown in terms of project scale, revenue and profit. The project scale has expanded from 6,000 square meters in 2014 to 18,000 sqm in 2016 and 252,000 sqm in 2023.
The company expects revenues to rise from VND600 billion ($24.6 million) in 2017 to VND6 trillion ($246 million) in 2024 and up to VND23 trillion ($943.1 million) in 2027.
Metro Star will develop dozens of projects along six metro lines in Ho Chi Minh City. Photo courtesy of the company.
Metro Star has gained appreciation for successfully developing and implementing projects along metro lines and preparing land funds along the six routes.
It plans an initial public offering (IPO) in 2024, presenting a modern, unique transit-oriented development (TOD) business model. The company stands out in the real estate market by virtue of some unique features including not having any outstanding bond debt or bank debt (as of June 2023). It has been audited by E&Y for many years.
CBRE, a global leader in real estate services and investments, has developed selling prices for its products, while international valuation agency Grant Thornton has valued Metro Star at VND133,000 ($5.45) per share.
Metro Star introduces the "Capital's Continous Multiplication for 10 Years" program to customers. Photo courtesy of the company.
The company has made careful preparations for tapping strong, sustainable development opportunities in the 2023-2033 decade.
Such planning makes it a "treasure" in today's volatile market, ready to help customers on a new journey with continuous capital multiplication in 10 years when they sign a companion agreement with Metro Star for all projects along the six metro lines and participate in its Green Star emissions reduction program. Customers will thus become comprehensive strategic partners and ambassadors of Metro Star in the journey towards mutual prosperity, the release said.
Metro Star Investment Co., Ltd
Hotline: 090 789 6565
Address: 360 Vo Nguyen Giap avenue, Phuoc Long A ward, Thu Duc city, Ho Chi Minh City
- Related News
- Read More
What are expectations for Vietnam's stock market from Fed rate cut?
The Federal Reserve's interest rate cut is expected to support Vietnam's effort to have its stock market status upgraded by FTSE Russell from "frontier" to "secondary emerging" and attract foreign capital after the strong net selling momentum in recent times.
Economy - Thu, September 18, 2025 | 12:33 pm GMT+7
UOB's latest USD/VND forecast is 26,300 in Q4/2025, 26,200 in Q1/2026
Singaporean bank UOB predicted that the USD/VND exchange rate will be on a decline in the coming quarters to 26,300 in Q4/2025, 26,200 in Q1/2026, 26,100 in Q2/2026, and 26,000 in Q3/2026.
Economy - Thu, September 18, 2025 | 9:07 am GMT+7
Agribank - A Strategic gateway for Vietnam’s carbon credits to global market
Carbon credits are emerging as a valuable form of “green asset.” However, to unlock their full potential and turn it into tangible value, Vietnamese businesses require strong financial backing, technical expertise, and market linkages.
Companies - Thu, September 18, 2025 | 9:05 am GMT+7
Care For Vietnam joins ASEAN forum, signs MoU in New Zealand
Care For Vietnam (CFVN) had the honor to be the only Vietnamese enterprise invited to share insights at the "ASEAN Forum 2025: 50 Years + $50 Billion" held at ANZ Centre in Auckland, New Zealand on August 28.
Companies - Thu, September 18, 2025 | 9:00 am GMT+7
Digital technology transforms Vietnam’s food industry
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimize production processes, control supply chains, and meet consumers’ demands.
Companies - Thu, September 18, 2025 | 8:16 am GMT+7
VPBank issues Vietnam’s first international sustainable bonds
VPBank has become the first bank in Vietnam to successfully issue $300 million in sustainable bonds on the international market.
Companies - Wed, September 17, 2025 | 10:24 pm GMT+7
Vietnam’s private conglomerate Vingroup reclaims market capitalization crown after 5 years
Vingroup has surpassed state-controlled lender Vietcombank to become the largest market capitalization company in Vietnam as its stock price rose 3.5 times in the past seven months.
Companies - Wed, September 17, 2025 | 10:16 pm GMT+7
First wave of ETF buying could exceed $680 mln if Vietnam secures FTSE market upgrade: broker
Vietnam’s stock market has a strong chance of being upgraded by FTSE Russell in its October 2025 review, a move that could unlock billions of dollars in foreign inflows, said an analyst at broker ASEAN Securities.
Economy - Wed, September 17, 2025 | 4:16 pm GMT+7
Vietnam Education Publishing House faces challenges in curbing fake textbooks
The Vietnam Education Publishing House (VEPH) is encountering a range of difficulties in fighting counterfeit textbooks as the situation is becoming increasingly sophisticated and complex.
Companies - Wed, September 17, 2025 | 3:54 pm GMT+7
Vietnam Airlines the largest holding in gov’t investment arm SCIC’s portfolio
National flag carrier Vietnam Airlines has overtaken Vinamilk and Sabeco to become the largest holding in State Capital Investment Corporation's (SCIC) stock portfolio following the latest capital funding.
Finance - Wed, September 17, 2025 | 3:20 pm GMT+7
Hoa Phat Agriculture submits documents for IPO
Hoa Phat Agriculture Development JSC, a subsidiary of Hoa Phat Group, on Tuesday submitted documents for an IPO of its shares as early as December 2025.
Companies - Wed, September 17, 2025 | 3:03 pm GMT+7
Petrovietnam affirms plan to build eco-energy and industrial center in southern Vietnam
Petrovietnam plans to develop an eco-energy and industrial center project in Can Tho city, the "heart" of the Mekong Delta, its representatives stated on Monday.
Energy - Wed, September 17, 2025 | 11:49 am GMT+7
Thailand - one of Southeast Asia’s fastest-growing markets for AI
Thailand has emerged as one of Southeast Asia’s fastest-growing markets for artificial intelligence (AI), with OpenAI reporting that weekly active users of ChatGPT in the country have quadrupled over the past year.
Southeast Asia - Wed, September 17, 2025 | 10:40 am GMT+7
MoMo co-founder urges single fintech regulator, faster sandbox in Vietnam
Vietnam should establish a single regulatory focal point and adopt a more flexible sandbox regime to accelerate fintech innovation, said Nguyen Ba Diep, co-founder of e-wallet giant MoMo.
Finance - Wed, September 17, 2025 | 8:00 am GMT+7
Indonesia to end incentives for imported CBU BEVs in 2026
The Indonesian government has confirmed that it will stop providing incentives for imported completely built-up (CBU) battery electric vehicles (BEVs) from 2026.
Southeast Asia - Tue, September 16, 2025 | 9:44 pm GMT+7
Aquatic sector advised to navigate challenges, secure exports to EU, US
Despite positive production signals with growth in 2025 projected at 4.25%, Vietnam's aquatic sector is facing mounting export pressures, particularly strict technical barriers in major markets such as the EU and the U.S.
Companies - Tue, September 16, 2025 | 9:41 pm GMT+7
