Vinhomes

{{Short description|Vietnamese commercial real estate developer}}

{{more citations needed|date=October 2018}}

{{Infobox company

| name = Vinhomes

| logo = Vinhomes logo.svg

| type = Public

| industry = Real estate development

| fate =

| predecessor =

| successor =

| founded =

| founder = Pham Nhat Vuong

| defunct =

| hq_location_city = Hanoi

| hq_location_country = Vietnam

| area_served = Vietnam

| key_people =

| products =

| owner = Vingroup
GIC Private Limited
Vietnam Enterprise Investments
iShares MSCI Frontier 100

| num_employees =

| num_employees_year =

| parent =

| trade_name = Vinhomes JSC

| traded_as = {{HOSE|VHM}}

| ISIN = {{ISIN|sl=n|pl=y|VN000000VHM0}}

| website = {{url|https://vinhomes.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.{{cite news|url=https://www.reuters.com/article/us-vinhomes-ipo/vinhomes-share-sale-raises-1-35-billion-in-vietnams-biggest-issue-sources-idUSKBN1I80F3|title=Vinhomes raises $1.35 billion in Vietnam's biggest share issue:...|first=Anshuman|last=Daga|newspaper=Reuters |date=7 May 2018 |publisher=}} After the first day of trading, the company was already the second largest public company in Vietnam, behind parent company Vingroup.{{cite web|url=https://e.vnexpress.net/news/business/vinhomes-shares-jump-20-percent-shortly-after-listing-on-vietnam-s-stock-market-3750953.html|title=Vinhomes' shares jump 20 percent shortly after listing on Vietnam's stock market - VnExpress International|last=VnExpress|publisher=}}

Vinhomes develops property in 40 cities across Vietnam and owns {{convert|16,000|ha|sqmi}} of land in Vietnam.{{cite web|author=business |url=https://english.vietnamnet.vn/fms/business/200802/vinhomes-makes-historic-stock-market-debut.html |title=Vinhomes makes historic stock market debut - News VietNamNet |publisher=English.vietnamnet.vn |date=2018-05-17 |accessdate=2018-10-26}} It is among others the owner of the tallest building in Vietnam, Landmark 81.

Ownership

Vinhomes major shareholders include:

  • Vingroup (66.6%){{Cite web|last=VnExpress|title=US investment firm to reduce stake in Vinhomes - VnExpress International|url=https://e.vnexpress.net/news/business/companies/us-investment-firm-to-reduce-stake-in-vinhomes-4341856.html|access-date=2021-10-02|website=VnExpress International – Latest news, business, travel and analysis from Vietnam|language=en}}
  • Government of Singapore Private Ltd. (5.74%)
  • KKR Viking Asia Holdings II fund (4.6%)

References