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
16.264
16.541
16.362
CANADIAN DOLLAR
17.276
17.623
17.433
SWISS FRANCE
22.877
23.337
23.039
BRITISH POUND
29.898
30.377
30.109
HONGKONG DOLLAR
2.915
2.980
2.936
JAPANESE YEN
203
211
205
THAI BAHT
728
758
728
US DOLLAR
23.165
23.265
23.165


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