As of 30 June 2011, Vincom Joint Stock Company (Vincom JSC) had generated revenue of VND860 billion and profits after tax of VND461.6 billion, a year-on-year increase of 199% and 418%, respectively.

Total consolidated assets: VND29,323 billion.

Total consolidated owner’s equity: VND6,029 billion.

Vincom continues to maintain a high gross profit margin in leasing office and retail space, which is the Company’s main strength. Vincom’s established buildings in Hanoi and Ho Chi Minh City report high efficiency and occupancy rates. In the second quarter of 2011, Vincom Village, including the high-end ecological riverside villas, a shopping mall, schools and international hospital-hotel on 183 hectares of land was officially launched on 24 May 2011. With its construction progressing rapidly, Vincom Center Long Bien – the 45,000 square meter shopping mall in the Vincom Village project - is expected to open on 24 December 2011.

Following the Company’s strategy to focus its resources on larger scale projects, the Vincom Board of Management approved the transfer of 56% of the Company’s shareholdings in Xavinco Real Estate Joint Stock Company in Quarter II, which contributed VND159 billion to the Company’s consolidated profit after tax for the Quarter.

As of 31 May 2011, US$99.9 million in convertible bonds (representing 99.9% of the total offering value) had already been converted into 31,260,357 ordinary Company shares at a conversion price adjusted for dilutive events, particularly the increase of charter capital and the distribution of 2010 bonus shares. The principal and interest on the remaining US$100,000 convertible bonds was paid in full to the bondholder under the terms and conditions of the bonds. As a result, the US$99.9 million in convertible bonds issued on 15 December 2009 was converted into the Company's owner’s equity and fully redeemed more than three years before the due date.

From now until end of this year, besides focusing on enhancing its management capacity for the retail and office space components of Vincom Center Hanoi and Vincom Center B Hochiminh City, Vincom shall accelerate the construction of Royal City, Times City, Vincom Village and Vincom Center A Ho Chi Minh City to ensure they will be completed as scheduled.

In order to achieve its goal of becoming the leading international standard real estate group in Vietnam, Vincom will continue to explore and implement domestic and international capital mobilization plans to finance a number of specific projects, and expand cooperation with major partners that have proven capabilities as well as local and international experience.

With its financial potential, experienced management team and prudent planning and strategies, Vincom will continue to strive for greater success and to further strengthen its leading position in real estate market in Vietnam.