G36 of Chairman Nguyen Dang Giap and his brother’s business built a complex of VND 1,800 billion
36 Corporation – Joint Stock Company (UPCoM: G36) has just approved the implementation plan of the 6 – 8 Chua Boc – Shantinoi Parc complex project.
G36 and related organizations, the chairman’s younger brother, embarked on a project of 1,868 billion in Hanoi.
Corporation 36 has just issued a decision approving the project of 6 – 8 Chua Boc – Shantinoi Parc Complex at 6 – 8 Chua Boc Street, Quang Trung Ward, Dong Da District, Hanoi. In which, the investor is a consortium of investors including 36 Corporation and Truong Loc Construction and Trading Joint Stock Company.
The project investment objective is to build new works with functions of tourist apartments, commercial pavilions, commercial services, offices, hotels, clinics in accordance with the regional planning, contributing to the exploitation of effectively use the land fund, increase the budget revenue, develop the city’s economy. Hanoi.
It is known that the project has an area of 9,825.7m2, a population of 1,000 people, a total investment of about VND 1,868 billion. In which, the investor’s capital is 373.6 billion dong, accounting for 20% of the total investment capital and 1,494.4 billion dong of loan and mobilized capital, accounting for about 80% of the total investment capital.
Regarding the percentage of contributed capital to implement the project, Corporation 36 will account for 74.25% of the total value of contributed capital of the project and the remaining 25.75% of the total value of contributed capital of Construction and Trading Joint Stock Company. Truong Loc.
The project is expected to be implemented from the second quarter of 2023 to the fourth quarter of 2029. In which, the period from the second quarter of 2023 to the end of the second quarter of 2025 is to prepare for investment and the period from the third quarter of 2025 to the end of the fourth quarter of 2029 is to make the investment.
Truong Loc Construction and Trading Joint Stock Company was established on August 20, 2003; address at group 33, Dai Kim ward, Hoang Mai district, Hanoi; operates in the field of wholesale of other machinery, equipment and spare parts. The legal representative of the company is Mr. Nguyen Van Hien.
It is known that Mr. Nguyen Van Hien is the younger brother of Mr. Nguyen Dang Giap, Chairman of the Board of Directors at Corporation 36.
In the first quarter of 2023, Corporation 36 recorded a revenue of 130.17 billion dong, up 88.4% over the same period and profit after tax recorded a loss of 5.61 billion dong compared to the same period last year. 36 billion dong.
Reportedly, in 2023, the 36 Corporation targets revenue to reach VND 1,868.18 billion, an increase of 36.7% over the same period and target profit after tax of VND 8.65 billion, down 61% compared to the same period last year. implemented in 2022. Thus, the company is quite far from the plan to be profitable this year.
Da Nang: Mikazuki resort owner increases capital to more than 1,600 billion VND
ODK Mikazuki Vietnam Co., Ltd. has increased its charter capital from more than 942 billion VND to more than 1,613 billion VND, all of which are foreign capital.
A corner of Mikazuki Luxury Resort and Entertainment.
ODK Mikazuki Vietnam Co., Ltd. has just been approved by the Business Registration Office, Department of Planning and Investment of Ho Chi Minh City. Da Nang granted a new business registration certificate because there was a previous registration to change the content of the business.
Accordingly, this enterprise increased its charter capital from more than 942 billion VND to more than 1,613 billion VND. All are foreign investment.
ODK Mikazuki Vietnam Co., Ltd was established in 2005, headquartered at Xuan Thieu Tourist Area, Hoa Hiep Nam Ward, Lien Chieu District, City. Danang.
The company has 2 legal representatives, Mr. Yoshimune Odaka, Chairman of the Company and Chairman of Mikazuki Hotel Group, Japanese nationality, and Mr. Seong Sangyeob, General Director, Korean nationality.
In Da Nang, ODK Mikazuki Vietnam Co., Ltd. invested in the Mikazuki luxury resort and entertainment project (in Hoa Hiep Nam ward, Lien Chieu district) with an area of over 13 hectares, total capital of 3,900 billion VND.
The resort consists of the 22-storey Mikazuki hotel, an indoor water park; Onsen hot mineral bath resort; chain of restaurants, coffee, bar … This is also the first project of Mikazuki Group in Vietnam.
Stock market capitalization surpasses 230 billion USD
By the end of April 2023, the stock market capitalization of 3 exchanges HOSE, HNX and UPCoM is estimated at 5,416 trillion VND (about 230.4 billion USD).
According to the State Securities Commission (SSC), the stock market has become an important medium and long-term capital mobilization channel for the economy.
The value of capital mobilization of enterprises through the issuance of shares and corporate bonds (Corporate bonds) in 2021 reached nearly VND 731,349 billion (of which the value of capital mobilization through the issuance of shares reached nearly VND 95,698 billion. issuing corporate bonds to the public reached nearly 29,766 billion dong, through private corporate bond issuance was 605,934 billion dong); In 2022, the value of capital mobilization through the issuance of shares and corporate bonds to the public is estimated at VND 116,684 billion.
Besides, the size of the stock market is growing. By the end of April 2023, the stock market capitalization of 3 exchanges HOSE, HNX and UPCoM was estimated at 5,416 trillion VND (about 230.4 billion USD), equivalent to 60.89% of the estimated GDP in 2022.
Meanwhile, the market has 758 stocks and fund certificates listed on 2 Stock Exchanges (SEs) and 857 shares registered for trading on UPCoM with a total value of 1,992 thousand listed and registered transactions. billion dong, equivalent to 20.9% of the estimated GDP in 2022; There are 449 listed bond codes with a listed value of over VND 1,834 trillion, equivalent to 19.3% of estimated GDP in 2022.
The continuously increasing number of investors has contributed to boosting market liquidity. The number of investor accounts by the end of April 2023 was over 7 million accounts, an increase of more than 1.5 times compared to the end of 2020 and exceeded 5% of the population 3 years before the target set by the Government. outlined in the Scheme on Restructuring the securities and insurance market until 2020, with a vision to 2025.
In which, the number of domestic investor accounts reached 7,016 million accounts, an increase of over 156% compared to the end of 2020 and the number of foreign investor accounts (foreign investors) reached 43,465 accounts, an increase of 24% compared to the end of 2020. end of 2020.
In addition, the system of securities trading organizations continued to be restructured, enhanced management, supervision and strict control of operations. In addition, the Law on Securities also contributes to improving the quality of human resources, thereby improving the management capacity and professionalism of securities trading organizations. Business activities of securities trading organizations have been maintained and profitable over the years.
According to the State Securities Commission, the effectiveness and efficiency of state management of securities and the securities market, especially in supervision, inspection and enforcement activities have been increasingly improved.
Besides the above positive results, Vietnam’s stock market still has some limitations.
Accordingly, individual investors still make up the majority of the stock market, institutional investors account for a small proportion, leading to unstable trading in the stock market, mainly based on psychology. individual investors. Many individual investors are not fully equipped with legal knowledge, and their awareness is still limited despite being informed, propagated, warned many times, know about the market, and buy and sell according to rumors.
In addition, supervision and inspection activities still face many difficulties due to increasingly sophisticated and complex law violations in the market, while supervision and inspection resources are still limited. .
The products on the stock market, although new products have been added, are still not diversified, mainly the basic stock market (listed/registered shares), securities products. derivatives are limited.
In addition, the market is still in the developing stage, so it is still affected by many psychological factors.
Under the impact of false rumors, concerns about cash flow factors, inflationary pressures, and uncertainties in the world economy and politics, investors have been cautious, which has affected the market. In the stock market, the synchrony with the decline of the world stock market led to a decrease and volatility in the stock market from April 2022 until the first months of 2023.
Solutions to promote stock market development
According to the State Securities Commission, Vietnam’s economy in general and the stock market in particular in 2023 will still face many difficulties and challenges.
To ensure the continuous, smooth, stable and transparent operation of the securities market, and at the same time promote the market to develop towards sustainability, safety, transparency, and protect legitimate rights and interests. investors need to continue to implement solutions.
Firstly, regarding the completion of the legal and institutional framework, the Ministry of Finance (SSC) is reviewing the overall provisions of the Securities Law and guiding documents in order to immediately overcome inadequacies and obstacles, in which clearly define the scope of operation and service provision of securities companies, supplement regulations to better manage investors, strengthen sanctions for violations to protect rights and interests. legitimacy of investors… ensuring the healthy, transparent and sustainable development of the stock market.
Secondly, in terms of market organization, speeding up the putting into operation of the KRX information technology system in order to facilitate the deployment of new products and services on the stock market and ensure the market’s smooth operation. operate smoothly, continuously, safely and effectively; at the same time, the Ministry of Finance (SSC) is directing related parties to prepare individual corporate bond trading platforms to contribute to enhancing transparency in the secondary market; step up the restructuring of the stock market, improve the competitiveness and quality of market intermediaries through continuing to restructure securities companies and fund management companies according to the The project has been approved by the Prime Minister.
Thirdly, regarding supervision and inspection in the stock market, improving the roles and responsibilities of supervisory lines, in which promoting the role of the first supervisory line is that securities companies will focused on ensuring a transparent and efficient operating market.
Accordingly, the Ministry of Finance (SSC) will strengthen supervision of securities companies to properly and fully perform their role as frontline supervisors in accordance with the provisions of the Securities Law 2019 and guiding documents to timely prevention and early detection of violations in the market. In addition, to step up the improvement of the quality of human resources for inspection and supervision; completed and put into use the upgraded transaction monitoring system with analysis, warning, and statistics features.
Besides, continue to closely monitor developments of the domestic and international stock markets; coordinate with relevant agencies and organizations to step up supervision of trading activities on the stock market, give early warning to investors about risks (if any) of the stock market ; continue to step up the inspection and inspection, and at the same time strictly handle violations in the stock market in order to increase deterrence, strengthen discipline and discipline in the market, towards the development of the stock market. stock market towards transparency and sustainability.
Fourth, in terms of communication, strengthen the provision of complete, accurate and timely information to the investment public, helping businesses and investors to quickly and fully access official information sources, limited to limit the psychological impact caused by rumors and fake news in the market.
Fifth, actively coordinate with international organizations to deploy solutions to soon upgrade the Vietnamese stock market according to the set roadmap to attract the participation of foreign investors in the Vietnamese market. Male.