by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Real Estate & Construction
⚡ TL;DRIn November 2024 Vietnam’s National Assembly approved a 1,541-kilometre high-speed railway from Hanoi to Ho Chi Minh City, designed for 350 km/h at an estimated cost of about VND 1,713 trillion, or $67 billion, to be built with public money from 2027 and...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Real Estate & Construction
⚡ TL;DRHòa Phát started in 1992 as a trader of second-hand construction machinery and is now the largest steelmaker in Southeast Asia, with crude steel capacity heading towards 15 million tonnes a year once the Dung Quất 2 complex is fully commissioned, and a domestic...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Real Estate & Construction
⚡ TL;DRNovaland was Vietnam’s second-largest listed developer and its most aggressive borrower, with a land bank of roughly 10,600 hectares built on short-dated bonds and bank loans. When the corporate bond market froze in late 2022, it could not refinance, its...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Real Estate & Construction
⚡ TL;DRBetween 2012 and 2022, property tycoon Trương Mỹ Lan secretly controlled about 91.5 percent of Saigon Commercial Bank (SCB), Vietnam’s largest private lender by assets, and used it as a private treasury. Prosecutors said her Vạn Thịnh Phát group drew more...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Real Estate & Construction
⚡ TL;DRVinhomes is Vietnam’s largest residential developer and, in most years, the single most profitable listed company in the country, with revenue above VND 100 trillion (roughly $4 billion) and net profit on the order of VND 35 trillion in 2024. It builds...
