The funding will help ITL transform and grow by acquiring new assets, developing new warehouses and facilities, and deploying advanced information technology systems.
Domestic investors demand on hotel investments has been growing in recent years, bringing fierce competition with foreign ones.
Residential players remained active while office continued to be one of the most exciting property sectors across the region in the last quarter of 2018, latest release from Savills reveals.
Vingroup's business sectors including real estate, retail, hospitality, education and health services achieved strong growth in the second quarter of 2018.
Saigon Thuong Tin Commercial Joint Stock Bank or Sacombank will auction several land plots in Ho Chi Minh City and industrial land plots in Long An province through Global Auction Services JSC on this June 28.
Being a billionaire by owning billions of dollar of assets, many Vietnamese businesses use these assets to secure their loans or related companies at banks.
On December 29, Agribank will auction assets related to Lifepro Vietnam Joint-Venture Company (Lifepro Vietnam) which has caused the loss of nearly VND2.500 trillion (US$110 million) and many staffs of Agribank's South Ha Noi branch to be imprisonment.
Besides the industrial park in Long An province was offered for sale at nearly VND10 trillion (US$441 million) through the auction, Sacombank is also selling many real estate assets worth to trillions VND in Ho Chi Minh city (HCMC) and Binh Duong province.
Over the past year, firms related to TNG Holdings have sold many assets worth more than US$100 million.
Although firms are sometimes accused of keeping assets on the books at inflate prices, some state-owned-enterprises have done the opposite in recent cases of divestment.
In total, global wealth has grown by US$16.7 trillion to US$280 trillion, which corresponds to a rise of 6.4 per cent. This is the highest increasing level since 2012 and the size of assets has been 27 per cent higher since the financial crisis ten years ago.
.JPG)
Preferential policies related to land, land-attached assets in the draft Law on Special Administrative-Economic Units (hereinafter referred to as special economic zones - SEZs) has provoked different controversies.
Starting from very different positions in 2010, but since 2014, five banks have followed one after another closely regarding their total assets in which the distance of their values is usually under VND50 trillion (roughly US$2.2 billion).
Disclose assets when Officials remain silent
