Denver real estate investing

Nomura Real Estate acquired Sun Wah Tower in District 1 (File photo) HCM City (VNS/VNA) - Vietnam has become an attractive destination for many foreign investors largely due to the country’s friendly policies encouraging FDI, its political stability and strong economy, the latest report of US-based John Lang LaSalle (JLL) said. Foreign direct investment (FDI) disbursements rose 8.4 percent year on year to 8.37 billion USD in the first six months of 2018, according to figures from the Foreign Investment Agency. Vietnam has been taking initiatives to improve its transparency and the country remains one of the most favorable destinations for foreign investment in South East Asia, according to JLL’s Global Real Estate Transparency Index. In the first half of this year, the real estate market continued to appeal to foreign investors and witnessed high-value merger and acquisition (M&A) deals in a variety of sectors such as residential, commercial and industrial. Joint … [Read more...] about M&A activities expected to reach record levels in 2018

Vietnam’s M&A market is forecast is expected to touch $6.5-$6.9 billion in 2018 (Photo: baodautu.vn) Hanoi (VNS/VNA) – Vietnam’s M&A market is forecast to reach 6.5-6.9 billion USD in 2018, which is lower than the 2017’s record of 10.2 billion USD. “We expect the M&A value in 2018 to decline from 2017, as this year may not have as big deal as Sabeco,” said Dang Xuan Minh, AVM Vietnam’s CEO. Vietnam’s merger and acquisition (M&A) market hit over the 10-billion-dollar landmark for the first time last year and is at the turning point to reach a new era of opportunities in the next decade. M&A value continued to rise 55 percent year-on-year to reach 3.55 billion USD in the first six months of this year. “One year ago, even very optimistic forecasts hardly envisaged the M&A boom in 2017 which thrust Vietnam’s M&A value to 10.2 billion USD, a growth of 175 percent over 2016. This is a record number, … [Read more...] about Vietnam’s M&A market declines in 2018

CSR Kindness towards the community By Hoai An Wednesday,  Dec 11, 2019,19:49 (GMT+7) Kindness towards the communityBy Hoai An A representative of Hung Loc Phat (6th R, front row) is seen in a community program to support poor families on the occasion of the Lunar New Year festival – PHOTO: HUNG LOC PHAT Making contributions to the community, for Hung Loc Phat Corporation, is a mandate from the heart. The company, an emerging brand in the local’s real estate market, has in the past few years engaged in a wide range of charity programs to support the needy and the underprivileged. Hung Loc Phat Corporation first started business as a trader of building materials and later expanded to energy before marching into the real estate sector. Its name became popular just a few years ago alongside the revival of the local real estate market, and over the past four years, Hung Loc Phat has established its foothold in … [Read more...] about Kindness towards the community

The Vietnam Exhibition Fair Center Jsc (VEFAC) said in a new statement it would issue 1.2 billion new shares to existing shareholders to increase its charter capital from VND1.67 trillion ($72 million) to VND13.89 trillion ($599 million). VEFAC’s major shareholders are Vingroup (83.3 percent) and the Ministry of Culture, Sports and Tourism (10 percent). Of the money raised, VND5.78 trillion ($249 million) will be used for the construction of the Vietnam Exhibition Fair Center in the rural district of Dong Anh, about 15 km north of Hanoi's center, which was approved by the government last year. The existing national exhibition center on Giang Vo Street in the downtown area would be turned into a mall and housing project at an investment of VND4.1 trillion ($177 million), VEFAC said. The rest of the proceeds will fund an urban project in Me Tri Ward, the western district of Nam Tu Liem and bolster the company’s working capital. VEFAC earned revenues of VND70 billion ($3 … [Read more...] about Vingroup to enhance capital to fund new national exhibition center