Vinhomes Explained

Vinhomes
Type:	Public
Industry:	Real estate development
Predecessors:	-->
Successors:	-->
Founder:	Pham Nhat Vuong
Hq Location City:	Hanoi
Hq Location Country:	Vietnam
Area Served:	Vietnam
Owner:	Vingroup GIC Private Limited Vietnam Enterprise Investments iShares MSCI Frontier 100
Trade Name:	Vinhomes JSC

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.^[1] After the first day of trading, the company was already the second largest public company in Vietnam, behind parent company Vingroup.^[2]

Vinhomes develops property in 40 cities across Vietnam and owns 16000ha of land in Vietnam.^[3] It is among others the owner of the tallest building in Vietnam, Landmark 81.

Ownership

Vinhomes major shareholders include:

• Vingroup (66.6%)^[4]
• Government of Singapore Private Ltd. (5.74%)
• KKR Viking Asia Holdings II fund (4.6%)

Notes and References

1. News: Vinhomes raises $1.35 billion in Vietnam's biggest share issue:.... Anshuman. Daga. Reuters . 7 May 2018 .
2. Web site: Vinhomes' shares jump 20 percent shortly after listing on Vietnam's stock market - VnExpress International. VnExpress.
3. Web site: business . Vinhomes makes historic stock market debut - News VietNamNet . English.vietnamnet.vn . 2018-05-17 . 2018-10-26.
4. Web site: VnExpress. US investment firm to reduce stake in Vinhomes - VnExpress International. 2021-10-02. VnExpress International – Latest news, business, travel and analysis from Vietnam. en.