Update news FLC

Trinh Van Quyet’s transaction canceled, securities accounts blocked

An unreported transaction made by Trinh Van Quyet, Chair of FLC Group, worth VND1.6-1.8 trillion on January 10 has been canceled as he did not report the deal.

FLC group's stocks attract cash flow

Stocks in the FLC family, especially that of construction firm ROS, drew the attention of investors amid the local market’s slight rebound today, January 14, while liquidity in the local market also significantly improved.

Golf course - resort model the way forward

Developers are moving towards a golf course - resort model as Vietnam eyes becoming a major golf tourism destination.

Bamboo Airways forces down FLC's profit

The operation of Bamboo Airways deeply decreased the gross margin of FLC’s services.


Private airlines wait for approval to develop aviation infrastructure

Private investors are financially capable and willing to make investments in aviation infrastructure, but still cannot get the go-ahead from the government.

Private capital to flow into aviation infrastructure projects

Many private investors are willing to pour money into aviation infrastructure, though the business field requires huge capital and a long time to recover capital.

Bamboo Airways: the adventurous flight of billionaire Trinh Van Quyet

VietNamNet Bridge - Both Vietnamese and international analysts say that establishing a new air carrier was an audacious but risky step taken by the dollar billionaire Trinh Van Quyet.  

VN aviation market: billion-USD deal to be made public this month

VietNamNet Bridge - A deal worth $6 billion is expected to be officially inked in Washington DC at the end of June between Bamboo Airways, belonging to FLC Group, and Boeing.

Bamboo Airways targets tourists, follows Vietjet’s example

The great success of Vietjet Air, which was smaller and less experienced than Vietnam Airlines and other rivals when it joined the aviation market, has inspired newcomers like Bamboo Airways.

Transport Ministry urged to be cautious about licensing airlines

VietNamNet Bridge - The government has rejected proposals to license private air carriers, saying that investors must meet all requirements stipulated in the current laws. 

How many super-rich are there in Vietnam?

Vietnam has over 200 super-rich people who have $30 million and more. The figure is lower than that of Singapore (2,170), Indonesia (1,950) and Thailand (1,250).

Billionaires vye for top “richest” spot

VietNamNet Bridge - Real estate giants Pham Nhat Vuong and Trinh Van Quyet switched places for top spot as the richest stock billionaire. 

The corporations behind new private airline ventures

VietNamNet Bridge - Private Vietnamese air carriers are the leading corporations in the field of tourism and resort real estate. Sovico Holdings has Vietjet, Thien Minh Group has Hai Au, and FLC is moving ahead with Bamboo Airways project. 

Airlines queuing up for take-off

VietNamNet Bridge - A number of official statements to establish new airlines in Vietnam have been issued recently by domestic and foreign investors.

Hidden billionaires show up after SOEs’ IPOs

VietNamNet Bridge - Many investors have spent hundreds or thousands of billions of dong to buy a stake in state enterprises. 

Kong, FLC, Vingroup to change Quang Binh’s look

Quang Binh, the land in Vietnam’s central region, is expected to have a new life as it has become the homeland of Kong and the area where many big real estate groups have landed. 

Who will lead the real estate market in 2017?

VietNamNet Bridge - Vingroup, Novaland, FLC and SunGroup are expected to continue to lead the property market in 2017. They are all big players in the real estate market, but each of them follows its own way.

Real estate more expensive in Hanoi than HCM City

VietNamNet Bridge - While Hanoians have lower incomes on average than Saigonese, they pay more for housing because of higher construction costs.

Highly valued firms enter bourse, attracting investors

VietNamNet Bridge - Hundreds of trillions of shares in dong transacted on the bourses since the last days of 2016 have brought great opportunities to investors.

Most impressive real estate projects among top three developers

Pham Nhat Vuong, president of Vingroup, Trinh Van Quyet, president of FLC and Bui Van Nhon, president of Novaland are developers of the most luxurious projects in Vietnam. They have now jumped into the low-cost apartment market segment.