Big names in real estate and telecom sectors inaugurated Vinaconex-ViettelFinancial Company (VVF) in Hanoi on Aug. 8.
The company, established byVietnam Construction and Import-Export Joint Stock Corporation (Vinaconex), thearmy-run mobile phone service provider, Viettel and the BIDV Insurance Company(BIC), has charter capital of 1 trillion VND.
For the first two years ofoperation, the company expects an average growth rate of over 30 percent with a15-20 percent of pre-tax return on equity (ROE) and a 12-15 percent of earningper share.
The company plans to increase its charter capital to 1.5trillion VND by 2011.
Vinaconex President Nguyen Van Tuan said VVF willtake full advantage of its founding shareholders’ strength to become a financialcentre.
In the future, it will become an investment bank providing financialservices, he said./.
The company, established byVietnam Construction and Import-Export Joint Stock Corporation (Vinaconex), thearmy-run mobile phone service provider, Viettel and the BIDV Insurance Company(BIC), has charter capital of 1 trillion VND.
For the first two years ofoperation, the company expects an average growth rate of over 30 percent with a15-20 percent of pre-tax return on equity (ROE) and a 12-15 percent of earningper share.
The company plans to increase its charter capital to 1.5trillion VND by 2011.
Vinaconex President Nguyen Van Tuan said VVF willtake full advantage of its founding shareholders’ strength to become a financialcentre.
In the future, it will become an investment bank providing financialservices, he said./.
