A consortium led by KKR that includes Temasek has completed the acquisition of an investment in Vinhomes Joint Stock Company, the leading integrated real estate developer in Vietnam.
The first quarter saw the outstanding amount of local currency (LCY) corporate bonds reached some $4.34 billion, with growth declining 1.3 per cent quarter-on-quarter but rising 31.9 per cent year-on-year, according to ADB.
The Vincity Ocean Park mega township is luring interest from South Korean buyers.
Vinhomes Joint Stock Company of Vingroup recently unveiled its plan for the VinCity projects, in which VinCity will be built under “Singaporean standard - mega urban areas and more” model.
Vingroup's business sectors including real estate, retail, hospitality, education and health services achieved strong growth in the second quarter of 2018.
Real estate merger and acquisition activities in Vietnam have been bustling in recent years and will grow impressively in the future, according to experts.
Vinhomes has just announced to invest around $22 million in the improvement of elements related to fire safety system and security measure for its urban areas.
Vinhomes with the code VHM's listing contributed to raising the market capitalization of Ho Chi Minh City Stock Exchange by about ten per cent.
Vingroup’s after-tax profit increased by 70 per cent over the same period last year, according to its financial statement for the first quarter of 2018 just released.
The deal between Vinhomes and a Singaporean Government’s investment fund took effect on April 12th, 2018.
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