Vincom – Pioneering spirit

26 Oct
VNREWith its spirit and a thirst for pioneering, Vincom Joint Stock Company strives to be a leading business group in Vietnam, with a strategic focus on real estate investment and a desire to establish the Company as a brand name of international stature.


Vincom Joint Stock company (formerly the Vietnam General Commercial Joint-stock Company) was officially established on 3 May 2002. After more than 8 years in operation, Vincom Joint Stock company has become one of the largest players in the property market in Vietnam. a large number of real estate projects with Vincom brand name are successively implemented successively in big cities of Vietnam. Such projects are the centre of attention and highly evaluated by the investors. In the upcoming time, a mass of Vincom significant works shall appear nationwide, contributing to build the country of Vietnam: Dynamic, Modern and Developed.


Our target

The objective of Vincom is to strive ceaselessly to gradually become the leading investment and property group with Vietnamese brand name in Vietnam. The strategy of Vincom is to focus on the high-class property market in order to meet the growth and international integration demand of Vietnam. It is sure that a series of Vincom huge works will spring up all over the country, contributing to build a dynamic, modern and developed Vietnam.

As a part of its strategy to be the leading brand name in the high-end real estate sector in Vietnam, operating under a group model, Vincom has engaged in a series of new and exciting projects in Hanoi and Ho Chi Minh City. Vincom JSC made capital contributions to a number of large real estate companies in Hanoi and acquired controlling stake in projects such as Royal City Real Estate Investment and Development Joint-stock Company, Sai Dong Investment and Urban Development Joint-stock Company and Viettronics Real Estate Limited Liability Company.


In addition, Vincom has a large number of projects in the process of investment promoting and planning in other big cities in Vietnam and continues toward larger goals:

  • Promoting existing domestic advantages and prestige to gradually approach and expand its property business to South East Asia and Asia regions, creating an image as a dynamic and growing Vietnamese property group.
  • Striving for making Vincom become a powerful economic group with diversified business lines such as finance – banking, entertainment area investment, eco-tourism, international standard golf course and luxurious resorts.

Vincom Key Milestones

Vincom Joint Stock Company (formerly known as Vietnam General Trade Joint Stock Company) has gone through the process of formation and development as in the following summery:

  • May 2002: Vietnam General Trade Joint Stock Company was officially put into operation with an initial charter capital of 251 billion VND which was used to invest in building and managing the Shopping Mall – Services – Offices for rent at 191 Ba Trieu, Hai Ba Trung District, Hanoi (Vincom City Towers Building)
  • November 2004: Completed Vincom City Towers, a large mixed-use project in Hanoi
  • July 2006: Sold Tower A in Vincom City Towers to BIDV
  • October 2006: Raised charter capital to VND 313.5 billion
  • August 2007:Raised charter capital to VND 800 billion
  • September 2007:Listed on the HOSE as the largest listed reale state company
  • October 2007:Issued VND 1,000 billion of 5-year corporate bonds
  • April 2008: Raised charter capital to VND 1,200 billion
  • May 2008: Successfully issued VND 2,000 billion of 5-year corporate bonds
  • August 2009: The retail component of VPP commenced business operations
  • September 2009: Raised charter capital to VND 1,996 billion 4th Quarter 2009:

– Handover of apartments for sale at VPP
– Raised US$100 million in the first ever offshore Convertible Bond by a Vietnamese corporate
– Successfully issued VND 1,000 billion of 3-year corporate bonds

  • April 2010: The retail and office components of Vincom Center commenced business operations
  • May 2010: Raised charter capital to VND 3,600 billion

During eight years of development and growth, up to now, the Company has built itself a brand and a firm position in the field of real estate and service supply. In 2007 and the first half of 2008 were the periods marking important events and the great steps of the Company. In addition to financial success, the Company also was honored with many big awards in the field of culture and society. With the goal of becoming one of the leading brands in Vietnam in the field of real estate, the Company has and will continue striving to reap more success for itself and satisfy the needs of development as well as international integration of Vietnam.


Members of Vincom JSC

  1. PFV JSC: Main activities of PFV are construction of shopping centers, offices for rent and apartments for sale.PFV is the investor of Vincom Park Palace project at No. 114, Mai Hac De Street, Hanoi. Vincom has got 74.41% voting rights in PFV.
  2. Hai Phong Real Estate Company: HaiphongReal received the certificate of land use rights of 9,125 m2 located at No.4, Le Thanh Tong Street, May To Ward, Ngo Quyen District, Hai Phong City. Vincom has got 90% voting rights in Haiphong Real.
  3. Royal City Real Estate Investment and Development JSC: Main activities of RoyalCityReal are included real estate business, civilian constructions, hospitality and entertainment services.Vincom has got 51% voting rights in RoyalCityReal.
  4. Sai Dong Urban Investment and Development JSC: Main activities of SaiDongJSC are included real estate business, civilian construction, hospitality and entertainment services. Vincom has got 51% voting rights in SaiDongJSC.
  5. Viettronics Real Estate JSC: Main activities of Viettronics are included real estate business, civilian construction, hospitality and entertainment services. Vincom has got 64% voting rights in Viettronics.
  6. Lucky Investment Group Jsc. Located in Nha Trang – Khanh Hoa Province: Main activities of LuckyInvest are real estate business and financial investment consulting. Vincom has got 66% voting rights in LuckyInvest.
  7. Hanoi South Urban Development JSC: HanoiSouth Urban Development JSC had been licenced to develop the real estate project at No. 460, Minh Khai Street, Hai Ba Trung District, Hanoi. Vincom has got 55.95% voting rights in HanoiSouthJSC.

Awards

  • Awards in 2009

The Vietnamese Gold Star 2009 for Top 100 Brand Names
The Prestigious Securities Brand Name 2009
Top Trade Services – 2009
Top 10 Outstanding Entrepreneurs 2009 – Granted by the Ministry of Trade and Industry to Chief Executive Officer
The Gold Symbol of Thang Long – 2009

  • Awards in 2008

The Vietnamese Gold Star 2008 for Top 100 Brand Names
Strong Brand Name Award 2008
Top 20 outstanding companies on Securities Market 2008
Top Trade Services – 2008
Top 10 Outstanding Entrepreneurs 2009 – Granted by the Ministry of Trade and Industry to Chief Executive Officer
Golden Globe Award 2008
Vietnamese Star Award 2008
Vietnamese Quintessence 2008 for Trading Services and High-end Offices for Lease at Vincom City Towers
Energy-saving Building Award 2008
Vietnamese Compassion Award 2008
Vietnamese Intelligence Award 2008

  • Awards in 2007

The Vietnamese Gold Star 2007 for Top 100 Brand Names
Strong Brand Name Award 2007
Top Trade Services – 2007
Successfully-intergrated Business Award 2007”
Top ten The most Successfully-integrated Business Award 2007”
Golden Globe Award 2007
Vietnamese Quintessence 2007 for Trading Services and High-end Offices for Lease at Vincom City Towers

  • Merits

Merit granted by the National Committee for International Economic Cooperation for Excellent Performance in Brand name building and developing and Economic Integration.
Merit granted by the Chairman of Hanoi People’s Committee for Excellent Contribution to the Successful Organization of The ASEAN Capitals Business Forum (ACBF) and contribution to the development of Hanoi.
Merit granted by the Ministry of Finance for Strict Compliance of Tax Policy in 2007
Merit granted by the Chairman of Hanoi People’s Committee for excellent performance at the Promotion Month of Hanoi in 2007
Merit granted by the Ministry of Foreign Affairs

  • Certificates:

Certificate “Vincom City Towers – Top Shopping Services in 2006 “ according to the survey on readers and consumers in 2006 conducted by the Vietnam Economic Times and the Consumer Consulting Magazine.
Certificate “Vincom JSC – Top 500 biggest companies in Vietnam – 2007”
Certificate for charity activities
Certificate “Vincom JSC – Benefactor of Kien Giang’s poor patients”
Certificate “Kind Heart Fund of Vincom JSC – Benefactor of Kien Giang’s poor patients”
Certificate for being Gold Sponsor of the “Justice and Heart” Program on the occasion of Vietnamese Agent Orange victims’ Day.

Contact information:
Add: 7th Floor, Tower B, Vincom City Towers 191 Ba Trieu, Hanoi, Vietnam
Tel: 84.4.3974 9999 – Fax: 84.4.3974 8888
Email: info@vincom.com.vn – Website: http://www.vincom.com.vn

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