Circulation of around VND3,000 billion between DIC Corp, subsidiaries and partner companies over 3 years
After 3 years of establishing subsidiaries with capital contributions in the form of land use rights in Da Phuoc Urban Area and selling stakes to third parties, DIC Corp announced termination of capital contribution plans and partial refund of deposits.
HoREA suggest using lottery firms’ profit for land development
HCMC – The HCMC Real Estate Association (HoREA) has proposed allowing local authorities to use annual profit from State-run lottery firms to finance land development. The proposal was sent to the National Assembly Standing Committee while the draft of the revised land law has been passed around