History

 

History

Lien Minh Corporation was formed as an off-shoot of The Hochiminh City Lien Minh Co-operative, Quyet Thang Co-operative, Binh Chanh Service and Trading Co-operative. We increased the capital and separated from Lien Minh Co-operative in 2003. 

We have continuously received the capital investment from both local and foreign investors during our development From the initial legal capital of 1.6 billion dongs, it has been 100 billion dongs now. In the mean time, we proudly own a diverse land property, experienced and dedicated employees.

 
14/9/2001: Lien Minh was established as on state ouned enterprise
2003: Acquired rights to the 22ha project in Can Tho city
  First private investor invested into the company
2004: Acquired rights to the 34.5 ha project in Vi Thanh, Hau Giang Province
2006: Reorganized the company’s structure to be a professional real estate developer
New management team was introduced
Acquired rights to the 121 ha project in Nhut Chanh, Long An
2007: Pacific Inde invested into Lien Minh
  Hung Cuong Corporation became the biggest shareholder in Lien Minh.
Launched and sold out all plots of Nhut Chanh Industrial Park
  Purchased the 7,030 m2 parcel at Binh Phu, District 6, Hochiminh City
  Sacombank invested into Lien Minh Corp
2008: Launched and sold out the first phase (900 residential plots) of Lien Minh – Hau Giang master township in 2 months
Beta Securities Incorporation invested into Lien Minh Corp
2009: Implement the construction of Lien Minh Apartment Complex (Binh Phu, District 6) and get ready for the selling.
2010: Sell out 434 condominiums in Lien Minh Apartment Complex
  IPO (expected)
Typical project


Market information
Currency table
Type Bid Ask Transfer
AUST.DOLLAR
15.677
16.040
15.772
CANADIAN DOLLAR
17.215
17.667
17.371
SWISS FRANCE
23.017
23.573
23.179
BRITISH POUND
28.664
29.123
28.866
HONGKONG DOLLAR
2.923
2.988
2.944
JAPANESE YEN
211
221
214
THAI BAHT
745
776
745
US DOLLAR
23.160
23.280
23.160


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