Business News Briefing

Long Giang Urban Development & Investment Corp (LGL) has begun construction of Thanh Thai apartment, located in 7/28 Thanh Thai Street, District 10, HCMC.

The project is invested about VND 1,130billion, covering an area of 74,175 meter squares, including 3 blocks of 25 floor buildings with 612 houses. It is expected to be completed in 2016.

Vinh Hoan Corp (VHC) is planning to sell 1.2million fund shares this year with the cost of VND 39,000 per share. This share was bought in end-2010 and early-2011, costing VND 37billion. VHC will earn a profit of VND 9.8billion if trading is carried out successfully.

Hoi An Tourism & Service Corp (HOT) announced to buy River Beach Resort & Resident successfully, costing VND 105.5billion; lower than expected price of VND 140billion. Resort is located in the city, designed four star standard with 85 deluxe rooms, gym room, spa & beauty room and bar, restaurant…

Phu Nhuan Jewelry Corp (PNJ) announced to set up its branch PNJ Quang Nam, located in 633 Hai Ba Trung, Hoi An City. Its main function is to buy and sell gold and silver, precious metals, gemstone…

Source: ĐTTC-Translated by Thanh Tran

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