Singapore-based property developer Frasers Property Vietnam and GELEX Group, Việt Nam''s leading investment group, have jointly broken ground on Industrial Centre Yen Phong 2C in the northern province of Bắc Ninh.
The goal of bilateral corporation is to develop high quality industrial zones, meeting the green construction standards in accordance with the extended needs of customers.
After performing well last year despite of COVID-19, many companies have prepared new plans for 2021. While some firms, such as GELEX, double their targeted profits, some which reported good results in 2020 lower their expectations.
The Việt Nam Electrical Equipment JSC (Gelex) has acquired a 21.1 per cent stake at construction group Viglacera to raise its ownership to 46.07 per cent.
The Viet Nam Electrical Equipment JSC (Gelex) has raised its offer by 9.3 per cent to buy Viglacera shares in an attempt to take a controlling stake in the firm.
The Vietnam Electrical Equipment has made an official bid to buy 95 million shares at the construction and building materials firm Vilgacera, aiming to step in the industrial real estate sector.