Vinhomes - the third company of the "Vin family", after Vingroup and Vincom Retail - recently announced that it has completed the registration of 2.68 billion shares (stock code VHM) at the Securities Depository Center, preparing to list. Listed on the Ho Chi Minh Stock Exchange. Restructured to become a direct development company of Vingroup and its subsidiaries, with experience in implementing dozens of real estate projects in 40 provinces and cities across the country, currently Vinhomes owns the largest land bank among real estate developers in Vietnam.
- As a well-known brand, in 2017, Global Finance Magazine voted Vinhomes as the best real estate developer in Vietnam.
- This title was awarded by Vinhomes having abundant financial resources based on internal resources and the ability to mobilize domestic and foreign capital to implement the project, and at the same time own a "huge" land fund. This includes newly launched projects and developing projects up to 164,103,000 m2 (16,410 hectares) in major provinces and cities across the country such as Hanoi, Ho Chi Minh City, Hai Phong, Quang Ninh and Hung Yen. , Thanh Hóa, Hà Tĩnh and Đà Nẵng.
- The location of the projects is in favorable transport areas, key urban and tourism centers, and areas with high potential for future growth.
- Currently, in addition to two completed projects, Vinhomes Times City and Vinhomes Royal City in Hanoi with a total land area of 481,000 m2 (48.1 hectares), Vinhomes is also implementing 8 projects in Hanoi and Ho Chi Minh City. Ho Chi Minh City, Hai Phong, Quang Ninh with a total land area of 2,864,000 m2 (284.4 hectares), expected to be completed from now until the second quarter of 2019.
- A remarkable point is that with synchronous, green and modern living spaces, all of these projects of Vinhomes have a successful sales rate of 80-90% by the end of 2017.
- However, the land fund being used to implement Vinhomes' project actually accounts for less than 10% of the total land fund that this unit owns. In other words, more than 90% of Vinhomes's land resources are still waiting to be discovered. This is an assessed factor that will help maintain the leading position of Vinhomes in the long term.
- Specifically, with 26 projects expected to be deployed in the near future, with the launch period from mid-2018 to 2024, Vinhomes said it expects to exploit the remaining land fund, equivalent to 160,775,000. m2 (16,077.5 ha) in 8 provinces and cities across the country, including localities that have first appeared Vinhomes projects such as Da Nang, Thanh Hoa, Ha Tinh and Hung Yen.
- Especially, with Vinhomes Green Ha Long project (Ha Long Xanh project) in Quang Yen town and Ha Long city, Quang Ninh province with an area of 79,466,000 m2 (7,946.6 ha) including villas Utilities such as the educational system from preschool to university, commercial center, Vinpearland entertainment area combining resort, golf course, park, island eco-tourism are expected to create a new face for Quang Province. Ninh in particular and a highlight for the economic triangle Hanoi - Hai Phong - Quang Ninh in general.
- In parallel, Vinhomes said that it will continue to increase its land bank through self-seeking and investing in new land funds as well as M&A activities in the long-term strategic orientation, with the goal of land areas. in strategic locations of Ho Chi Minh City, Hanoi and major cities / provinces, in accordance with the criteria to develop Vinhomes and VinCity branded projects at reasonable costs.
- On the other hand, prestige will be a great advantage for Vinhomes when entering new areas as economic centers of regions such as Da Nang, Thanh Hoa, Ha Tinh, or satellite cities of Hanoi such as Hung Yen - where there is a demand for comfortable, modern and classy real estate products.
