Vinhomes targets after-tax profit of $1.38 bln in 2024 as market warms up
Vinhomes, a major housing developer under private conglomerate Vingroup, targets to earn an after-tax profit of VND35 trillion ($1.38 billion) this year, up 4.4% year-on-year, given more positive signals from the local real estate market.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
No Vinhomes funding for VinFast: CEO
Vinhomes CEO Nguyen Thu Hang says the residential property development arm of Vietnam’s private conglomerate Vingroup has not provided financing for other companies in the group’s ecosystem, including EV-maker VinFast.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Property giant Vinhomes targets $1.4 bln net profit in 2024
Vinhomes JSC, the real estate arm of Vietnamese private conglomerate Vingroup, is aiming to earn VND120 trillion ($4.78 billion) in revenue and VND35 trillion ($1.4 billion) in net profit this year, up 16% and over 4% respectively compared to 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinhomes land portfolio at 18,152 ha for 30-year use: broker
Vinhomes JSC, the real estate arm of private conglomerate Vingroup, has a land portfolio of 18,152 hectares for developing property projects over 30 years, according to Shinhan Securities.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Real estate giant Vinhomes eyes 300ha urban area in central Vietnam province
Vinhomes JSC, the real estate arm of Vietnamese private conglomerate Vingroup, has asked authorities in the central province of Nghe An to allow it to study the construction of a mega urban area in Vinh town.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinhomes biggest net profit earner among Vietnam’s listed firms
Vinhomes, the housing development arm of private conglomerate Vingroup, earned a consolidated net profit of VND33.13 trillion ($1.36 billion) in 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinhomes commences construction of Vietnam’s biggest social housing project
Real estate major Vinhomes on Thursday started construction on Vietnam's biggest ever social housing project in Khanh Hoa province.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam real estate industry carries great M&A potential: execs
There is high potential for M&A transactions in Vietnam’s real estate sector across all segments, particularly industrial property, industry insiders said at a forum Tuesday.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM nod recommended for $3 bln Mekong Delta urban area project
The Ministry of Planning and Investment has recommended that the Prime Minister approves a VND74,406 billion ($3.1 billion) mega urban area project in the Mekong Delta province of Long An.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore CapitaLand announces $740 mln residential project in Hanoi
CapitaLand Development, the development arm of Singapore-headquartered CapitaLand Group, will begin construction of a high-end residential project in Hanoi in the first quarter of 2024.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Resort real estate investment flows into Cam Ranh beach town
Resort real estate investors are gradually diverting their appetite from the world famous tourist destination Nha Trang to Cam Ranh town, both in the south-central province of Khanh Hoa, due to the latter's large potential to tap.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinhomes subsidiary to build $1.15 bln urban area in Long An province
Green City Development JSC, a subsidiary of Vietnam's leading real estate developer Vinhomes, has been approved as the main investor for a VND28.2 trillion ($1.15 billion) new urban area project in Duc Hoa district, Long An province.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's largest private firm Vingroup posts record revenue of nearly $2 bln in Q3
Vingroup reported record revenue of VND47.95 trillion ($1.95 billion) in the third quarter of 2023, a year-on-year increase of 66.5%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major real estate projects launched in Q3
Major real estate projects released in the third quarter of this year all belonged to big developers such as Vinhomes, Sun Group, Masterise Homes, and Dat Xanh Mien Tay following a long quiet period.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vingroup urged haste on northern Vietnam golf projects
Vietnam’s largest private conglomerate Vingroup has been urged to expedite work on two golf projects in the northern provinces of Quang Ninh and Bac Giang.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinhomes to develop $971 mln township in Hai Phong
Vietnam’s biggest listed property firm Vinhomes JSC has been given the go-ahead by Hai Phong authorities to build a new urban area covering more than 240 hectares in the northern city.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Consortium to invest $3.6 bln in Cam Ranh Bay urban area
A consortium led by Cam Ranh Investment JSC, Vinhomes, and VinES Energy Solutions has been named the only investor that meets the preliminary requirements regarding capacity and experience to implement a mega urban area project by Cam Ranh Bay in the south-central province of Khanh Hoa.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Housing firms extend losing cycle in Q1
Major Vietnamese housing firms Dat Xanh, Novaland, and Danh Khoi reported losses in the first quarter of 2023, while Vinhomes saw profits rising 2.5 times year-on-year.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vingroup targets record revenue of $8 bln in 2023
Vietnam’s biggest private corporation Vingroup JSC is targeting a net revenue of VND190 trillion ($8 billion) in 2023, up 86.6% year-on-year and also a record high for the business.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinhomes posts 2.5-fold growth in Q1 after-tax profit
Vinhomes, a subsidiary of Vietnam’s largest listed conglomerate Vingroup, reported an after-tax profit of VND11.92 trillion ($507.65 million) in the first quarter of 2023, 2.5 times higher than the same period last year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinhomes targets record-high revenue of $4.3 bln in 2023
Vinhomes, a subsidiary of Vietnam’s largest listed conglomerate Vingroup, will ask shareholders to approve a 2023 revenue target of VND100 trillion ($4.25 billion) and after-tax profit of VND30 trillion ($1.28 billion).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
CapitaLand Development names new CEO
Singapore real estate giant CapitaLand Group has appointed Jonathan Yap as the new chief executive officer, effective June 5, of its development arm CapitaLand Development (CLD), which focuses on Vietnam, Singapore and China as its core markets.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Vinhomes spends $482 mln to establish 2 real estate firms
Vinhomes, a subsidiary of Vietnam’s largest private conglomerate Vingroup, has approved the decision to establish two real estate companies in Hung Yen province, with total charter capital exceeding VND11,433 billion ($482 million).
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's largest private corporation Vingroup earns $85 mln profit in 2022
Vingroup, Vietnam’s largest listed company by market capitalization, earned a post-tax profit of VND1,982 billion ($84.52 million) in 2022, versus a loss of VND7,558 billion ($322.3 million) in 2021.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinhomes profit drops 25% to $1.24 bln in 2022
Vinhomes, a subsidiary of Vietnam’s largest private conglomerate Vingroup, reported after-tax profit of VND29 trillion ($1.24 billion) in 2022, down 25% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vingroup partners with Google Cloud to accelerate digital transformation
Vietnam’s largest private conglomerate Vingroup has embarked on a strategic collaboration with Google Cloud to modernize and connect its systems and data at a group-wide level.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
$587 mln Vinhomes Q3 profit driven by giant real estate project
Vinhomes, a subsidiary of Vietnam’s largest private conglomerate Vingroup, reported an after-tax profit of VND14,575 billion ($587 million) in Q3/2022 thanks to the handover of 1,300 low-rise real estate units at the Vinhomes Ocean Park 2 - The Empire project, up 30% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Automaker Honda, food giant C.P. among top 10 taxpayers in Vietnam
Honda and C.P. are the only two foreign names in the list of 2021’s top 10 corporate income tax payers in Vietnam, according to the General Department of Taxation.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinhomes to build $1.1 billion resort, urban area in Cam Ranh Bay
Vinhomes, a subsidiary of Vietnam’s largest private conglomerate Vingroup, is seeking prime ministerial approval to build a VND26,680 billion ($1.14 billion) resort and urban complex in Cam Ranh Bay, Khanh Hoa province.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Golden opportunity for Vietnam to develop industrial property: Vinhomes executive
Now is a golden opportunity for Vietnam to boost industrial property development and attract more high quality FDI, says Vu Cong Tru, Industrial Real Estate director of Vinhomes JSC.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinhomes divests from Vinpearl Landmark 81 JSC
Vinhomes, a subsidiary of Vietnam’s largest private conglomerate Vingroup, has entirely divested from Vinpearl Landmark 81 JSC.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vingroup sees golden opportunity for VinFast EVs: Chairman
The big shortage of electric vehicles is a golden opportunity for VinFast to conquer the global market and build its brand, said Pham Nhat Vuong, Chairman of Vingroup, the automaker's parent company.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vingroup earns $22.3 mln in profit after tax in Q1
Profit after tax of Vingroup, Vietnam's biggest listed conglomerate by market cap, dropped 69% year-on-year in the first quarter of this year to VND512 billion ($22.3 million).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vingroup member to issue $435 mln bonds for property projects
Vietnam Exhibition Fair Center JSC, a subsidiary of Vingroup, will raise VND10 trillion ($435 milion) from issuance of bonds to existing shareholders to fund two big property projects in Hanoi, including an exhibition center.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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