Billionaire Pham Nhat Vuong’s company has achieved impressive advertising effects despite the Covid-19 pandemic.
Investors eagerly await a breakthrough in the company’s allocation in Vietnam.
Its Vincom Retail Joint Stock Company (VRE) has announced consolidated monetary statements for the first quarter of 2021 Specifically, Vingroup’s retail rental company recorded a 32% increase in consolidated earnings in the first quarter of 2021 to VND 2,226 billion, the maximum that came here from real estate lease. At the same time, the real estate moving segment recorded a turnover of more than VND 450 billion.
Vincom Retail’s consolidated after-tax profit reached VND 781 billion, up 58. 7% from last year.
In the last quarter, the last quarter of 2020, Vincom Retail also hastily reported a record profit of more than VND 970 billion, despite the effect of the Covid-19 pandemic, which caused an unprecedented decline in global retail. Vietnam’s retail market has recovered more thanks to intelligent combat opposed to the national epidemic.
In the first quarter of 2021, while Vietnam was well controlled during the epidemic, the retail sector experienced a positive recovery in customer purchasing strength and an expansion in the length of logo retail outlets. Many domestic and foreign logos have opened more retail outlets in Vincom purchases. grocery malls, adding H
Last week, Vincom Retail officially commissioned Grand World’s “24/7 entertainment city” while inaugurating Phu Quoc United Center Super.
Last week, Vincom Retail officially commissioned Grand World’s “24/7 entertainment city” and at the same time opened phu Quoc United Center’s super complex. VRE’s shopping tourism style awaits a giant number of tourists during the peak tourist season.
The opening of the “entertainment city 24 hours a day, 7 days a week” during the peak tourist season is considered a seasoning for Vincom Retail. However, covid’s complex setting around the world, i. e. in India and countries on the southwestern border of Vietnam, possibly VRE customers.
Vincom Retail is known as the leading retail domain provider in Vietnam. At the end of the first quarter of 2021, Vincom Retail owned and operated 80 grocery shopping centers in 43 provinces and cities across the country, with a general retail domain of approximately 1. 7 million square meters.
The opening of the major resort of billionaire Pham Nhat Vuong, Vingroup, in Southeast Asia, is expected to make Phu Quoc in Vietnam comparable to the world’s entertainment centers, such as Jeju Island in Korea or Las Vegas in the United States.
According to Bloomberg, Vingroup is an initial public offering (IPO) in the United States for its car manufacturer VinFast and is expected to be between $2 billion and $3 billion.
VinFast expects a valuation of at least $50 billion, or even $70 billion to $75 billion With this, the capitalization of VinFast will surpass the well-known Ferrari car manufacturer (capitalization at $52 billion), Honda ($51 billion), Ford ($49 billion), Kia ($30 billion) Array. . . and only a few prominent brands like Tesla. , Toyota, Volkswagen, Mercedes Benz, GM and BMW.
In the cell phone segment, Vingroup has also achieved many positive results, with a steady increase in the number of Vsmart phones sold in the country during the following year, although the first personal company in Vietnam entered the smartphone market in 2018. smartphone manufacturer in Vietnam, only Samsung Electronics and Oppo.
In the top U. S. telecom operator. At
In recent years, Vingroup of Vuong has had to withdraw from many fields, promoting the retail segment to billionaire Nguyen Dang Quang and recently presenting the Youth Football Education Center to the Van Lang Education Group, even though he had many achievements in those areas.
V. Ha
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