Vinhomes

Vietnamese commercial real estate developer
Vinhomes
Trade name
Vinhomes JSC
Traded as
HOSE: VHM
ISINVN000000VHM0
IndustryReal estate development
FounderPham Nhat Vuong
Headquarters
Hanoi
,
Vietnam
Area served
Vietnam
OwnerVingroup
GIC Private Limited
Vietnam Enterprise Investments
iShares MSCI Frontier 100
Websitevinhomes.vn

Vinhomes is the largest commercial real estate developer in Vietnam. Founded as a subsidiary of Vingroup, the company was spun off in 2018 and 10% of shares sold in an IPO.[1] After the first day of trading, the company was already the second largest public company in Vietnam, behind parent company Vingroup.[2]

Vinhomes develops property in 40 cities across Vietnam and owns 16,000 hectares (62 sq mi) of land in Vietnam.[3] It is among others the owner of the tallest building in Vietnam, Landmark 81.

Ownership

Vinhomes major shareholders include:

  • Vingroup (66.6%)[4]
  • Government of Singapore Private Ltd. (5.74%)
  • KKR Viking Asia Holdings II fund (4.6%)[4]

References

  1. ^ Daga, Anshuman (7 May 2018). "Vinhomes raises $1.35 billion in Vietnam's biggest share issue:..." Reuters.
  2. ^ VnExpress. "Vinhomes' shares jump 20 percent shortly after listing on Vietnam's stock market - VnExpress International".
  3. ^ business (2018-05-17). "Vinhomes makes historic stock market debut - News VietNamNet". English.vietnamnet.vn. Retrieved 2018-10-26. {{cite web}}: |author= has generic name (help)
  4. ^ a b VnExpress. "US investment firm to reduce stake in Vinhomes - VnExpress International". VnExpress International – Latest news, business, travel and analysis from Vietnam. Retrieved 2021-10-02.