02.10.2020, 23:36

HFIC starts building on ‘Saigon Wall Street’

HFIC office building and building construction is located at 33 – 35 – 37 – 39 Pasteur, District 1, Ho Chi Minh City, which is known as “Saigon Wall Street”.

On the morning of October 2, the State Finance Investment Company of Ho Chi Minh City (HFIC) held a groundbreaking ceremony for the construction of the HFIC office and building at 33 – 35 – 37 – 39 Pasteur, District 1, City HCM City, according to the website of the Party Committee of Ho Chi Minh City.

HFIC office building and building has the scale of 7,954 m2, includes 14 floors, two basements and mezzanine.

The project was built in an area known as “Saigon Wall Street”, where financial institutions such as banks, securities companies, insurance companies, Ho Chi Minh City Stock Exchange (HOSE ), State Bank of Vietnam, Ho Chi Minh City Branch.

HFIC office building and building is located at 33 – 35 – 37 – 39 Pasteur, which used to be the transaction office of Ho Chi Minh City Housing Development Joint Stock Bank (HDBank). (Photo: Screenshot of Google map)

It is expected that when the building is completed and put into use, the building will be the workplace and help HFIC connect with partners, investors, businesses, technology developers, especially financial technology company.

HFIC is a one member limited liability company owned by the State, was established on 2/2/2010 by decision of the People’s Committee of Ho Chi Minh City on the basis of the reorganization of the Investment Fund for Urban Development of Ho Chi Minh City.

Enterprises operate in many fields, including credit financing, direct and indirect investments in priority municipal areas, state capital management, capital mobilization, issuance of municipal bonds, and business real estate,…

As of June 30, 2020, HFIC has a charter capital of nearly VND 7,612 billion, total assets of over VND 12,379 billion and debt of approximately VND 3,324 billion.

In HFIC’s asset structure, investments account for 88%, equivalent to VND 10,926 billion. In which, long-term investments are over 6,290 billion VND, including three subsidiaries of more than 2,600 billion VND, 14 affiliated companies of more than 2,800 billion VND and the rest are in 13 other units.

In the first 6 months of this year, HFIC earned about 157 billion dong of net revenue (loan interest was nearly 116 billion dong, service was 12 billion dong, investment activities in other businesses were 29 billion dong). Profit after tax reached 74.6 billion, down 66% over the same period.

In addition to the office building and high-rise building in “Saigon Wall Street”, HFIC is also focusing on building infrastructure for the 15-hectare resettlement area in Vinh Loc B commune, Binh Chanh district and studying and deploying some projects in the fields of health, culture, education and transport infrastructure.

Source: vietnambiz.vn – Translated by fintel.vn