For the past year, Vincom JSC has well-achieved the targets of 2007 proposed in the last General Meeting of Shareholders. Apart from continuing to achieve success from exploiting and doing business on Vincom City Towers, Vincom has also achieved results in new investment. It can be said that, 2007 is the year of Vincom’s eventful year: becoming a public company, succeeding in IPO, listing smoothly VIC on HOSE, increasing the charter capital, issuing corporate bonds and seting a solid foundation for “ giant real estate project” in the following years.

The company’s business performance result in 2007 has exceeded the set plan. Specifically, in 2007, the company gained the profit of VND 327.549 billion from business operations; the total pre-tax profit of VND 336.147 billion, the after-tax profit of VND 288.547 billion, achieving 227% of the set plan in 2007. Generally, the company’s business situation was rather positive above the set plan with the stable source of revenue from leasing operation (leasing efficiency of over 99%), the company’s net revenue from service supply, financial business and other services reached VND 499 billion, the revenue from financial operations, medium-term and short-term investments sharply increased. Moreover, the sensitivity and maximization for full collection of income sources, short-term investment activities and share trading in 2007 brought about high profit.

In 2008, Vincom will commence and complete procedures for a series of grand projects such as Vincom 2 Building (adjacent to the existing Vincom Building), Long Bien Golf and Ecotourism Urban area, the Vincom’s complex of Retail, Office, Services, Hotels, high-end residential and underground parking in District 1, Ho Chi Minh City. For the sustainable growth, Vincom will continue to focus on carrying out solutions to enhance capacity of outlining strategies, diversifying business fields, developing human resources through institutionalizing standards of recruitment, training, salary, bonus as well as social welfares and giving its staffs promotion prospects. From that, Vincom assures that the company has been operating by a competent and consistent staff. In addition, Vincom also pays attention to professionalizing operations in managing assets, managing the building, actively expanding cooperation with experienced companies and orienting the establishment and development of a management system of the company as a large-scale group.

Vincom JSC is a 100% Vietnamese owned capital enterprise built by Vietnamese people’s strength and intelligence. In addition, Vincom is an enterprise with charity activities from its dawn of operation. Up to now, the company has spent up to more than VND 2.5 billion to contribute to constructing public works, raising funds for the poor, flood victims and Agent Orange victims, etc. For over 5 years of establishment and operation, Vincom has been striving for a leading Vietnamese brand name in property business. With strong financial resources and willing back-up credit with favourable conditions from financial institutions and banks, the company has sufficient necessary factors to continue its overwhelming development in the coming time.