Vincom Joint Stock Company was founded on May 3rd, 2002 with its precursor as Vietnam General Trade Joint Stock Company. The company has gained great success in property trading, offices for lease and service provision since its establishment. Therefore, in the early 2007, the company used the unallocated profits of the past years to increase its charter capital to VND600 thousand billion under the Resolution No. 02/07/ND-DHDCD-VINCOMJSC dated February 9th, 2007.
After 5 years of development, Vincom has created a firm position in property business and service provision. Since 2007, the company has continued to operate in property business, offices for lease, service provision and enhanced investment in expanding and launching new projects in order to continuously improve the Company’s operation efficiency.
Vincom made a successful public offering of 20 million shares worth VND775 billion under the License No. 85/UBCK-CNCB granted by the SSC on 09 April 2007. Accrodingly, 15 million shares were for its existing shareholders and 5 million common shares (par value of VND10,000 per share) were publicly offered through autions at Ho Chi Minh Stock Exchange at the starting price of VND80,000 per share.
Upcoming projects:
The Project of Shopping Centers and High-class Apartments for sale and lease at 114 Mai Hac De Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi City.
The Project of Long Bien eco-tourism resort, high-class villas and golf course
The Project of rehabilitating Thong Nhat Park
The Project of High-rise Building Complex of Offices-Luxury Apartments for rent – 5-star Hotels and Shopping Centers at the center of District I in Ho Chi Minh City.
The Project of Bao Lac hydroelectric power plant by Gam River in Cao Bang province.
Besides, Vincom is also urgently implementing a series of such big projects as follows:
The Project of constructing Shopping Centers and Offices for lease at Hom-Duc Vien Market (on the area of nearly 6,000 m2).
The Project of purchasing shares of An Vien Company which has been implementing a project on 760-ha area in Nha Trang City).
Establishing subsidiaries:
BIDV and Vincom signed an agreement on cooperation on June 13, 2007. With the motto “developing, cooperating and sharing together”, Vincom plans to form Vincom Securities and a Fund management Company, in which BIDV will take the role of founding shareholder contributing 5% of the charter capital.
Through constructing and launching Vincom City Towers (the occupancy rate of nearly 100% until now), Vincom Joint Stock Company has accumulated precious experience in designing, constructing, operating, exploiting and managing the complex of Shopping Centers – Offices – High-class Apartments for lease and Hotels. Together with its own financial capacity and willing supports of major financial institutions and banks (thanks to its great development potentials and huge mortgage assets, etc.), Vincom has sufficient conditions for its overwhelming development in the coming time to become a leading property company in Vietnam.