Want to be in the loop?
subscribe to
our notification
Business News
TECHCOM CAPITAL LAUNCHES VIETNAM'S FIRST REAL ESTATE INVESTMENT TRUST
The funds' custodian and administrator is Bank for Investment and Development of Vietnam (BIDV). Investors register to buy fund certificates with the minimum subscription of VND1 million from December 14, 2015 to March 9, 2016. Techcom Securities (TCBS) is the REIT's exclusive distributor.
TCREIT focuses primarily on cashflow-generating properties such as office buildings, retail shopping malls, hotels and resorts. TCREIT is expected to be listed on Hanoi Stock Exchange (HNX) in 2016.
TCREIT enables the securitisation of real estate projects into fund certificates that give investors partial ownership. Furthermore, as TCREIT is expected to be listed, investors can trade the fund certificates for specific liquidity needs. . TCREIT plans to use the majority of its profit received from its investments to pay out as annual dividends, which will create a stable income stream for its investors.
“Techcom Capital is always the pioneer in introducing new and unique investment products such as TCREIT to investors in Vietnam. Along with Techcom Equity Fund (TCEF) and Techcom Bond Fund (TCBF), TCREIT will be another diversified investment choice especially for individual investors in Vietnam,” Nguyen Xuan Minh, chairman of TCREIT’s Board of Representatives, said. “Individual investors in Vietnam have mainly been investing in residential projects such as apartments or land. Now, they have the chance to take part in owning office buildings, shopping malls and hotels that generate regular and stable income with high liquidity.”
Techcom Capital is a wholly owned subsidiary of Techcombank – one of the leading joint stock commercial banks in Vietnam. With its strong and professional investment team, Techcom Capital offers a diversified range of investment products and services to institutional and high net worth investors in Vietnam and abroad.
Source: VIR
Related News
![Card image cap](/uploads/news/Investment6.jpg)
VIETNAM ONE OF FASTEST-GROWING E-COMMERCE MARKETS IN SOUTHEAST ASIA
The report released on July 16 highlighted that the total GMV of Southeast Asia’s eight leading e-commerce platforms rose to $114.6 billion in 2023, up 15 per cent from 2022. The key drivers for the region's e-commerce GMV expansion in 2023 are Vietnam and Thailand, growing 52.9 per cent and 34.1 per cent on-year, respectively.
![Card image cap](/uploads/news/Industrial%20Zone.jpg)
VIỆT NAM TARGETS FULL MOBILE BROADBAND COVERAGE ON HIGHWAYS, INDUSTRIAL ZONES BY 2025
By 2025, Việt Nam aims to achieve one hundred per cent mobile broadband coverage on all national highways, expressways and railways under a plan to enhance the quality of Việt Nam’s mobile telecommunications network by 2025, which has been approved by the Ministry of Information and Communications (MIC).
![Card image cap](/uploads/news/eco2.jpg)
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.
![Card image cap](/uploads/news/Security.jpg)
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
![Card image cap](/uploads/news/bn-01.jpg)
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
![Card image cap](/uploads/news/Eco3%20%281%29.jpg)
CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.