FLC Grand Hotel inaugurated

Bao Viet Insurance Corporation and FLC Group signed a contract to launch FLC care insurance package for its staffs. — Photo courtesy of FLC Bao Viet Insurance Corporation will provide a VND1.5 billion insurance package for more than 5,000 employees of the FLC Group in the 2017-18 period. According to the contract signed by the two sides in Ha Noi on Wednesday, Bao Viet will continue to provide the FLC Care insurance package to ensure FLC’s welfare policies for its employees continue. FLC’s employees and their families will enjoy comprehensive insurance policies for risks, accidents, illness and maternity, with flexible fees and regular healthcare checks at leading hospitals in Viet Nam. This is the third consecutive year that FLC has signed the contract with Bảo Viẹt as one of the ways to retain staff members, leading to sustainable development in the market. Speaking at the signing ceremony, Nguyẽn Quang Hung, Bảo Viẹt Insurance Corporation’s deputy general director, said the firm has continuously provided insurance packages for businesses that are focused on investing in their human resources. Firms, therefore, would have many choices in welfare policies. FLC has acknowledged that human resources is the main factor for its success and sustainable growth. The group has implemented several welfare policies to maintain its human resources. — VNS ... [read more]

Shares declined on August 15 after a brief recovery in the previous session when a number of heavyweight shares sank into the red on fragile investor confidence (Photo: zing.vn) Hanoi (VNS/VNA) - Shares declined on August 15 after a brief recovery in the previous session when a number of heavyweight shares sank into the red on fragile investor confidence. The benchmark VN-Index on the HCM Stock Exchange went down 0.66 percent to close at 771.06 points. The southern market index increased 0.53 percent on August 14. On the Hanoi Stock Exchange, the HNX-Index was down 0.2 percent to end at 101.3 points. The northern market index dropped 0.64 percent in the previous session. The slump of large-cap stocks in the main bourse in HCM City negatively affected investor sentiment. Two-thirds of the top 30 largest shares by market value and liquidity on the HCM Stock Exchange lost value while only ten advanced. Major market support such as banks, food-beverage, real estate and construction companies all tumbled. Real estate firms recorded the biggest loss yesterday with an average decrease of 1.52 percent, data on vietstock.vn showed, with big names including VinGroup (VIC), Kinh Bac City Development (KBC), FLC Group (FLC), Phat Dat Real Estate Development (PRD) and Coteccons Construction (CTD). Seven of nine listed lenders on the two exchanges slipped while only one picked up. The four largest banks by market value – Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and Military Bank (MBB)…... [read more]

Shares declined on Tuesday after a brief recovery in the previous session when a number of heavyweight shares sank into the red on fragile investor confidence.– Photo zing.vn Shares declined on Tuesday after a brief recovery in the previous session when a number of heavyweight shares sank into the red on fragile investor confidence. The benchmark VN-Index on the HCM Stock Exchange went up 0.66 per cent to close at 771.06 points. The southern market index increased 0.53 per cent on Monday. On the Ha Noi Stock Exchange, the HNX-Index was down 0.2 per cent to end at 101.3 points. The northern market index dropped 0.64 per cent in the previous session. The slump of large-cap stocks in the main bourse in HCM City negatively affected investor sentiment. Two-thirds of the top 30 largest shares by market value and liquidity on the HCM Stock Exchange lost value while only ten advanced. Major market support such as banks, food-beverage, real estate and construction companies all tumbled. Real estate firms recorded the biggest loss yesterday with an average decrease of 1.52 per cent, data on vietstock.vn showed, with big names including VinGroup (VIC), Kinh Bac City Development (KBC), FLC Group (FLC), Phat Dat Real Estate Development (PRD) and Coteccons Construction (CTD). Seven of nine listed lenders on the two exchanges slipped while only one picked up. The four largest banks by market value – Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and Military Bank…... [read more]

Shares declined on Tuesday after a brief recovery in the previous session when a number of heavyweight shares sank into the red on fragile investor confidence. Shares declined on Tuesday after a brief recovery in the previous session when a number of heavyweight shares sank into the red on fragile investor confidence.– Photo zing.vn The benchmark VN-Index on the HCM Stock Exchange went up 0.66 per cent to close at 771.06 points. The southern market index increased 0.53 per cent on Monday. On the Ha Noi Stock Exchange, the HNX-Index was down 0.2 per cent to end at 101.3 points. The northern market index dropped 0.64 per cent in the previous session. The slump of large-cap stocks in the main bourse in HCM City negatively affected investor sentiment. Two-thirds of the top 30 largest shares by market value and liquidity on the HCM Stock Exchange lost value while only ten advanced. Major market support such as banks, food-beverage, real estate and construction companies all tumbled. Real estate firms recorded the biggest loss yesterday with an average decrease of 1.52 per cent, data on vietstock.vn showed, with big names including VinGroup (VIC), Kinh Bac City Development (KBC), FLC Group (FLC), Phat Dat Real Estate Development (PRD) and Coteccons Construction (CTD). Seven of nine listed lenders on the two exchanges slipped while only one picked up. The four largest banks by market value –…... [read more]

Dien Quang Lamp Joint Stock Company (DQC) saw a plunge in consolidated profit in the first six months of this year in general and the second quarter in particular. DQC's revenue and profit figures show a horrendous impact of a scandal involving MoIT's Deputy Minister Ho Thi Kim Thoa RELATED CONTENTS: Ministry orders to inspect plastic surgery clinic in HCM City Vinachem leaders facing disciplinary actions Binh Dinh's Chairman speaks up for FLC Group Numerous violations found in FLC’s million-dollar projects Dien Quang tactics to maintain leading position According to its consolidated financial report of the first six months of 2017, DQC earned VND418.8 billion ($18.4 million) in revenue and VND61.6 billion ($27.1 million) in net profit from business operations, signifying respective decreases of 7 and 53.7 per cent on-year. The company’s after-tax profit decreased by 52.8 per cent to VND50.4 billion ($22.2 million). In the second quarter alone, the company reported VND26.7 billion ($1.17 million) in after-tax profit, a 62.6 per cent decrease on-year. Along with the decrease in profit, DQC's troubles also stem from the scandal of Deputy Minister of Industry and Trade Ho Thi Kim Thoa, former chairwoman of the board of directors and general director of DQC from January 2004 to May 2010. According to newswire Vietnamnews, while serving as…... [read more]

Hanoi, August 14 (VNA) - The legality of condotels needs to be clarified to better manage this new type of property gaining popularity in Vietnam, a representative from the Ministry of Construction has said.  Pham Van Thuong, from the Housing and Real Estate Market Management Department, said at a conference held late last week by the Vneconomy online newspaper that relevant ministries were developing regulations about condotel standards, ownership and financial management.  Experts said clarifying the legality of condotels was urgently needed as this type of property is developing rapidly, but the absence of regulations carries risks for ownership and profit sharing.  Condotels are operated as hotels with units being individually owned. Unit owners can rent out their apartments like any other hotel room.  According to Le Hoang Chau, President of the HCM City Real Estate Association, regulations are needed to ensure transparency in profit sharing in the long term and the rights of buyers, adding that profit sharing now relies mainly on developers’ guarantees, with yet a solid framework for buyers’ benefits protection.  Nguyen Ngoc Thanh, Deputy President of the Vietnam Real Estate Association, said that condotels have great development potential in Vietnam as tourism is one of the country’s spearhead industries.  Thanh said that it’s too early to worry about an excess of condotel supply over demand because the demand was still very high. “What should be worried is the legality of condotels,” Thanh said.  Huong Tran Kieu Dung,…... [read more]

Condotels are a rising investment trend in the Vietnam property market. (Photo: vneconomy) Hanoi (VNA) - The legality of condotels needs to be clarified to better manage this new type of property gaining popularity in Vietnam, a representative from the Ministry of Construction has said. Pham Van Thuong, from the Housing and Real Estate Market Management Department, said at a conference held late last week by the Vneconomy online newspaper that relevant ministries were developing regulations about condotel standards, ownership and financial management. Experts said clarifying the legality of condotels was urgently needed as this type of property is developing rapidly, but the absence of regulations carries risks for ownership and profit sharing. Condotels are operated as hotels with units being individually owned. Unit owners can rent out their apartments like any other hotel room. According to Le Hoang Chau, President of the HCM City Real Estate Association, regulations are needed to ensure transparency in profit sharing in the long term and the rights of buyers, adding that profit sharing now relies mainly on developers’ guarantees, with yet a solid framework for buyers’ benefits protection.  Nguyen Ngoc Thanh, Deputy President of the Vietnam Real Estate Association, said that condotels have great development potential in Vietnam as tourism is one of the country’s spearhead industries. Thanh said that it’s too early to worry about an excess of condotel supply over demand because the demand was still very high. “What should be worried is…... [read more]

Condotels are a rising investment trend in the Viet Nam property market. - Photo vneconomy.vn The legality of condotels needs to be clarified to better manage this new type of property gaining popularity in Viet Nam, a representative from the Ministry of Construction said. Pham Van Thuong, from the Housing and Real Estate Market Management Department, said at a conference held late last week by the Vneconomy online newspaper that relevant ministries were developing regulations about condotel standards, ownership ands financial management. Experts said clarifying the legality of condotels was urgently needed as this type of property is developing rapidly, but the absence of regulations carries risks for ownership and profit sharing. Condotels are operated as hotels with units being individually owned. Unit owners can rented out their apartments like any other hotel room. According to Le Hoang Chau, President of HCM City Real Estate Association, regulations are needed to ensure transparency in profit sharing in the long term and the rights of buyers, adding that profit sharing now relies mainly on developers’ guarantees, with yet a solid framework for buyers’ benefits protection. Nguyen Ngoc Thanh, Deputy President of the Viet Nam Real Estate Association, said that condotels have great development potential in Viet Nam as tourism is one of the country’s spearhead industries. Thanh said that it’s too early to worry about an excess of condotel supply over demand because the demand was still very high. “What should be…... [read more]

Hanoi (VNA) – The FLC Group wants to develop a smart urban complex in the centre of northern Thai Binh city, Trinh Van Quyet, the group’s chairman of the management board, has said. Speaking at a recent meeting with the provincial People’s Committee and representatives from related agencies and authorities in Hanoi, Quyet said the complex would cover an area of 300-500ha, with an artificial beach, golf course, entertainment park and shopping mall, as well as apartments, townhouses and villas. Nguyen Hong Dien, Chairman of the provincial People’s Committee, introduced the FLC Group’s delegation to the location, geography and other advantages of the area, as well as investment policies in agriculture, service and tourism. He also talked about the current master plan and land use under the new administrative centre, Kien Giang River, Vu Thu and Vu Dong communes. These locations have a beautiful landscape and convenient traffic connections. They were introduced to the FLC Group for consideration and selection for effective investment. Dien emphasised that This Binh has over 5,000 businesses but not many are large enough. To create motivation for local socio-economic development, Thai Binh needed private enterprises with experience and financial prowess such as FLC. Quyet said early development of such a project would require very strong commitment from local officials, who would need to work hard on land acquisition, administrative procedures and support policies for investors. This is the second time in two months that the FLC Group’s directors have surveyed potential development sites in the province,…... [read more]

Meeting between property developer FLC Group and the provincial People's Committee. — Photo bizlive.vn FLC Group has expressed its desire to develop a smart urban complex in the centre of northern Thai Binh City, Trinh van Quyet, group’s chairman of the management board, said. Speaking at a meeting with the provincial People’s Committee and representatives from related agencies and authorities in Ha Noi this week, Quyet said the complex would cover an area of 300-500ha, with an artificial beach, golf course, entertainment park and shopping mall, as well as apartments, townhouses and villas. Nguyen Hong Dien, chairman of the committee, introduced FLC Group’s delegation to the location, geography and other advantages of the area, as well as investment policies in agriculture, service and tourism. He also talked about the current master plan and land use under the new administrative centre, southern Kien Giang River, Vu Thu and Vu Dong communes. These locations have a beautiful landscape and convenient traffic connections. They were introduced to FLC Group for consideration and selection for effective investment. Dien emphasised that Thai Binh has over 5,000 businesses but not many are large enough. To create motivation for local socio-economic development, Thai Binh needed private enterprises with experience and financial prowess such as FLC. Quyet said early development of such a project would require very strong commitment from local officials, who would need to work hard on land acquisition, administrative procedures and support policies for investors. …... [read more]




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