Vingroup's business sectors including real estate, retail, hospitality, education and health services achieved strong growth in the second quarter of 2018.
The consolidated financial report for 2017 just released by Vingroup recorded total consolidated revenue of VND89,350 billion in 2017, equivalent to $3.92 billion, up 55.1 per cent compared to 2016.
Warburg Pincus has recently reached a deal to invest about $370 million in Techcombank, marking the largest private equity deal in Vietnam so far.
Vingroup’s total consolidated net revenue in 2017 was recorded at over VND90.3 trillion (US$3.98 billion) or otherwise equivalent to nearly US$11 million attained per day, up 56.8 per cent compared to 2016.
With a record value of US$741 million, Vincom Retail has been named by the FinanceAsia magazine as “The Best Private Equity Deal” in 2017.
On the second day (Nov 07) being traded on the Hochiminh Stock Exchange (HOSE), Vincom Retail’s shares (VRE) hit the record of the stock market with 415 million shares worth nearly VND17 trillion (roughly US$740 million) being purchased.
Vincom Retail, a Vietnamese mall operator under the Vingroup JSC corporate umbrella, was listed as VRE on the Hochiminh Stock Exchange (HOSE) on November 6, 2017 and its share price was traded at a peak level beyond expectation.
Vincom Retail, the shopping mall subsidiary of Vingroup, launched Vietnam’s largest-ever initial public offering (IPO) in a deal worth up to US$713 million.
The Vietnam’s largest owner and operator of shopping malls Vincom Retail, a subsidiary of Vingroup Joint Stock Company (Vingroup) has registered to list over 1.9 billion shares on the Hochiminh Stock Exchange (HOSE).
Vincom Retail, the largest shopping mall operator in Vietnam, is planning an initial public offering (IPO) worth about US$600 million, a move considered as a retail market provocation and the second largest share sale since 2007 in Vietnam.
