Today, May 11th, the annual general meeting of shareholders of Vingroup took place. In addition to the VinFast electric car segment, the real estate sector also receives the attention of many shareholders.
One shareholder questioned the land policy that might change in the future. Billionaire Pham Nhat Vuong said that the more perfect the policy, the easier it is for genuine and good businesses to do.
He asserted: “Vinhomes doing business honestly, seriously, respecting the law is an opportunity, not a challenge. We do not divide plots for sale, do not do virtual projects, do not take snapshots, but the more we do it, the more value we create“.
The owner of Vingroup emphasized that Vinhomes thrives on values and services in the future, not the land. Accordingly, the average cost of land in a house of Vinhomes only accounts for the highest 30%, and 70% is other costs. To build an urban area, there are 5 groups of costs: land money, investment money to build urban infrastructure; investment in service and utility infrastructure; investment in house construction; brand costs.
Another shareholder asked a question regarding the investment of Belt 4:”In the near future, Hanoi and neighboring provinces will focus on building Ring Road 4, will Vingroup participate in this project?”.
Billionaire Pham Nhat Vuong said that Vingroup has been invited by Hanoi to invest in the 4th Ring Road project. However, the Group may only participate from a construction perspective. The capital part will be arranged by banks and credit institutions, while Vingroup just wants to put resources into the big projects it is pursuing.
In addition, Vingroup currently has no plans to do projects around Ring Road 4, only doing real estate projects in progress. As for industrial real estate, businesses are still searching and completing investment procedures.
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at Blogtuan.info – Source: cafebiz.vn – Read the original article here