Million dollar real estate

Jeon Yong Ho, Charm Engineering’s marketing director Charm Engineering, South Korea’s LCD and transistor manufacturer, has poured hundreds of millions of US dollars into real estate projects in Vietnam. Though it specialises in electronics and transistor technology, Charm Engineering has eyed large-scale property projects with its investment in Vietnam, said Jeon Yong Ho, the company’s marketing director. Charm Engineering is currently spending around US$895 million in 7 real estate projects in Vietnam. Charm Plaza, its first project in the market, has just been completed in Di An District in the southern Province of Binh Duong, on October 1st, at a cost of around US$200 million. Once completed, Charm Plaza will become a housing complex with around 2,700 apartments, supermarkets, and trade centres. The company has also planned to invest in several other projects, such as a US$600 million Toc Tien New Urban Zone in Ba Ria-Vung Tau Province, a five-star hotel and resort in Vung Tau City, and offices for lease in Ho Chi Minh City and Binh Duong Province. Source: thesaigontimes Translated by Vu Hung …

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Gold is expected to rise back to over $2,000/ounce levels in 2021.- VNS Photo Ho Hoang Gold is still a safe heaven The price of gold in international markets has been on a downward trend since the second half of last year as many investors have turned to the US dollar as a new safe haven and COVID-19 vaccines are developed and manufactured. However, the gold price is expected to bounce back to US$2,000/ounce in 2021, so the precious metal is still a good investment for idle money. The successful trials of COVID-19 vaccines have taken away some of gold’s appeal, but the rapid spread of new variants of coronavirus, which have been found in Viet Nam recently, and prospects of more stimulus packages from central banks and governments to kick-start economies after the health crisis will support the precious metal. “The prospect of more stimulus packages after US President Joe Biden took over the White House will boost gold in the near future,” said Phan Dung Khanh, Head of Investment Advisory at Maybank Kim Eng. “So investors can take advantage when the gold price is in low territory to invest. However, gold is just suitable for long-term investors and they need to invest when the difference between local and international gold price is low." Right after the inauguration, US President Biden proposed a US$1.9 trillion stimulus package. Gold is usually considered a hedge against rising inflation and currency debasement that can result from massive stimulus. Last year, the gold price fluctuated a lot in both local and international markets. In international markets, gold hit over $2,000/ounce for the first time in history in August as the US dollar receded, then plunged after that. Meanwhile, in the local market, the gold price surged in the second half of 2020 and even peaked at a historic level of over VND62 million/tael from around VND42 million/tael at the beginning of 2020. Stocks an attractive investment The expert from Maybank Kim Eng …

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Nguyen Duc Thuy, or Boss Thuy, has stock assets worth VND17.3 trillion. However, his real assets are believed to be higher. Nguyen Duc Thuy (right) The price of TDH shares of Thaiholdings increased sharply in the last few trading sessions, exceeding the VND200,000 per share threshold. Since early December 2020, its value has increased by 10 times, from VND20,000 per share to VND201,000. With 86 million TDH, Thuy now has stock assets of VND17.3 trillion. However, the figure could be higher if counting other properties. Thuy was believed to buy a large amount of LienViet Post Bank (LPB) recently. Prior to that, Thuy attended the gong beating ceremony on the day LienViet Post Bank entered the bourse, together with the bank’s key leaders. If only considering the stock assets from TDH, Thuy would be listed as the sixth richest stock billionaire, just after the billionaires listed by Forbes, namely Pham Nhat Vuong, president of Vingroup; Tran Dinh Long, president of Hoa Phat Group; Nguyen Thi Phuong Thao, CEO of Vietjet Air; Ho Hung Anh, president of Techcombank; and Nguyen Dang Quang, president of Masan. Thuy is even believed to be richer than the ‘real estate tycoon’ in the south Bui Thanh Nhon, president of Novaland, and Pham Thu Huong, the wife of Vuong. There have been some changes in the list of stock billionaires in Vietnam recently. Long of Hoa Phat Group has become the second richest billionaire, just after Vuong. Meanwhile, in Forbes ranking, Long is in the third position. The first and second positions still belong to Vuong of VIngroup and Thao of Vietjet Air. Thuy is now the chair of the board of directors of Thaigroup and the biggest shareholder of Thaiholdings. He once was on the post of Thaiholdings’ chair, but resigned in February and is now the founder of Thaigroup. Thaiholdings’ capitalization value has soared to VND70.4 trillion, or $3.5 billion. In late 2020, Thaiholdings fixed the list of shareholders and issued 296.1 …

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