FLC contributes $101.2 million to State budget

Tuesday, Jul 18, 2017 11:19

The FLC Quy Nhơn Beach and Golf Resort in the central Quy Nhơn City. — VNS Photo

Property developer FLC Group contributed more than VND2.3 trillion (US$101.2 million) to the State budget in the 2015-16 period.

FLC said it employeed over 5,000 people, thus contributing to the country’s scoio-economic development.

The group’s representative office also said FLC often used 1-2 per cent of its after-tax profit to implement corporate social responsibility activities nationwide, including scholarships for poor students, building schools in remote and mountainous areas and house for the poor.

FLC is highly appreciated by local authorities for its large tourism and entertaiment resort complexes in Quang Ninh, Hai Phong, Vinh Phuc and Sam Son, as well as Quang Binh, Binh Dinh provinces, which have contributed to Viet Nam’s tourism growth.

The complexes received thousands of tourists from both inside and outside the country, increasing budget collection for localities and creating jobs.

In June, the Ha Noi People’s Committee honoured FLC for its contribution to the city’s economic development in 2016. FLC has been investing in a range of estate projects, including FLC Landmark Tower, FLC Complex Tower, FLC Green Home, FLC Ecohouse Long Bien and FLC Star Tower. — VNS

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