real estate giants the focus of specialised audits

Real estate giants the focus of specialised audits

The General Department of Taxation (GDT) has unveiled a list of 42 companies marked for specialised audits this year, bringing several high-profile real estate firms under its lens. The move follows the department's recent Decision No.1326, delineating its audit strategy for the forthcoming year.
gelex explores divestment in energy projects

Gelex explores divestment in energy projects

Vietnamese conglomerate Gelex Corporation is in negotiations to divest its stakes in power projects to foreign inevstors.
frasers property and gelex group announce 250 million deal

Frasers Property and Gelex Group announce $250 million deal

Frasers Property Vietnam (FPV), one of Vietnam's leading diversified property developers, announced its partnership with local multi-sector investment holding company Gelex Group on March 1 to grow its industrial portfolio and build its presence across northern Vietnam. The combined investment totals approximately $250 million.
major highway proposed to be kicked off in 2022

Major highway proposed to be kicked-off in 2022

Deputy Prime Minister Pham Van Thanh urges relevant localities and management agencies to scale up efforts paving the way to kick off the construction of Ninh Binh-Nam Dinh-Thai Binh-Haiphong Expressway right in 2022.
standard chartered vietnam commits mous worth 85 billion for green projects

Standard Chartered Vietnam commits MoUs worth $8.5 billion for green projects

Standard Chartered Bank Vietnam has recently committed MoUs worth up to $8.5 billion in sustainable financing for three Vietnamese businesses namely T&T Group, Geleximco Group and Van Lang Investment and Education Management Corporation, to support their sustainability goals.
geleximco kardia blockchain labs has just been formed

Geleximco-Kardia Blockchain Labs has just been formed

Aiming to accelerate the collaboration between Geleximco and KardiaChain signed in April 2020, the two sides have been gathering all of their resources to leverage Kardiachain as the main blockchain platform for companies across Southeast Asia.
logistics deal catches attention of competition agency

Logistics deal catches attention of competition agency

The logistics businesses involved in a proposed merger could face financial penalties if it turns out sufficient notification that was not offered prior to completion of the deal.
thai ratch shakes hands with geleximco to invest in an binh energy fund

Thai RATCH shakes hands with Geleximco to invest in An Binh energy fund

RATCH Group Pcl., through wholly-owned subsidiary RH International (Singapore), will acquire a 49 per cent stake in An Binh Energy and Infrastructure Fund (ABEIF), with the rest taken up by Geleximco to cooperate on joint developments in Vietnam.
gelex to raise stake in viglacera

Gelex to raise stake in Viglacera

The Vietnam Electrical Equipment JSC (Gelex) plans to acquire a 21 per cent stake in the industrial group Viglacera.
shinhan securities vietnam successfully arranges bond issuance for gelex

Shinhan Securities Vietnam successfully arranges bond issuance for Gelex

The financial market has seen high volatilities in the wake of the ongoing COVID-19 pandemic, and financial and credit institutions have become more cautious in lending and investment, focusing more on risk management. Despite market vulnerabilities, Shinhan Securities Vietnam Co. Ltd. (SSV) successfully arranged the issuance of three-year bonds valued at VND700 billion ($30.5 million) for Vietnam Electric Equipment Joint Stock Corporation (Gelex) last month.
gelex gives up logistics core to widen foothold in industrial park development

Gelex gives up logistics core to widen foothold in industrial park development

Gelex will give up logistics, which is one of its four core business sectors, and divest from Dong Nai Port JSC to wade deeper into industrial park development.
gelex targets making it to top 20 vietnamese private businesses

Gelex targets making it to Top 20 Vietnamese private businesses

After three years of comprehensive restructuring, Gelex has gained outstanding growth in the four key business lines of industry, utility (including power generation and clean water), logistics, and real estate.
premium geleximco apartment building flooded by broken fire hydrants

Premium Geleximco apartment building flooded by broken fire hydrants

A number of apartments at An Binh City, developed by Geleximco, have been flooded due to broken fire hydrants.
geleximco proposes takeover of logistics centre and seaport

Geleximco proposes takeover of logistics centre and seaport

While Hanoi General Export Import JSC (Geleximco) is waiting for the government’s approval to take over the $2.2-billion Quynh Lap 1 thermal power plant, the company is also interested in developing a large-scale logistics centre and a seaport in the southern province of Ba Ria-Vung Tau.
mb capital becomes major shareholder of gelex

MB Capital becomes major shareholder of Gelex

MB Capital is estimated to have spent VND410 billion ($18 million) on a deal to increase its holdings at Gelex.