Vingroup steps up to industrial real estate

	Savills Vietnam report: FDI still flows into industrial real estate
	HCMC third most promising real estate market in Asia-Pacific: report
	Singapore, Tokyo, Ho Chi Minh City are three best estate markets in Asia-Pacific for 2020

An industrial zone in Ho Chi Minh City (Photoed by Shutterstock/Hien Phung Thu)

Vingroup has changed its name Vingroup Ventures into Vinhomes Industrial Zone Investment (Vinhomes IZ).

The majority of Vinhomes IZ stake was transferred to Vinhomes as the real estate arm of Vingroup.

In December 2018, Vingroup Ventures was established to support startups. Its charter capital is VND70 billion ($3 million), in which Vingroup held a 70 percent stake.

Vinhomes stated that industrial real estate will be one of three pillars of real estate growth, with the other two being apartments and offices.

It added that the development of industrial real estate will also create opportunities for Vietnamese manufacturers to join the auto supply chain and produce made-in-Vietnam cars.

Vingroup’s revenue last year rose 7.3 percent to VND130.79 trillion ($5.6 billion), in which almost half came from Vinhomes.

Vingroup Chairman listed among world’s 50 theme park influencers Chairman of Vingroup Pham Nhat Vuong has been named among the top 50 theme park influencers in the world for his innovation and creativity in ...

Vingroup acquires supermarket chain Fivimart VinCommerce, a subsidiary of Vietnam's largest privately-run conglomerate Vingroup, has completed the acquisition of the supermarket chain Fivimart from Nhat Nam Trade Company, according to ...

Vingroup owns five most valuable brands in Vietnam Five brands of the Vietnamese conglomerate Vingroup have been selected among the 50 most valuable brands in Vietnam this year, according to a London-based brand ...