“SAIGONTEL: From a Telecommunication company to a Real-estate enterprise”

…CafeF began as mentioned above in the article about Saigontel published on July, 14th

Saigontel (Hose: SGT) with the support of Mr. Dang Thanh Tam - Chairman of the Board of Directors and Kinh Bac City Development Holding Corporation (KBC) transformed from a telecommunication company to a Real-estate enterprise owning industrial-urban-service land banks up to 800 hectares, currently continuing to develop to 3,000 hectares to seize the investment wave.

According to experts, Vietnam economy is expected to recover at a rate of 6.7% in 2021. The pandemic situation in the world is complicated and the image of a new government determined against the pandemic will be the factor pushing FDI to move manufacturing facilities. The process of restructuring supply chain of “big guys” will happen in 2022, of which Vietnam is an interesting destination.

As of May, 2021, total FDI into Vietnam reached USD 114 billion (increased 0.8% over the same period). Of which, 613 projects were newly licensed from investors in Singapore, Korea, Japan, the US...and many other FDI enterprises are “in line up” looking for locations to expand investment in Vietnam.

Vietnam economy outlook in 2021 is an affirmation that th strategy “transformation” of Saigon Telecommunication and Technologies - SAIGONTEL has been in the right direction and at the right time. With the effective support of Mr. Dang Thanh Tam and Kinh Bac City Development Holding Corporation (KBC). Within two years, the enterprise has successfully restructured from a telecommunication company to a real-estate enterprise owning 800 hectares of industry-urban-service land bank. In 2021, regardless of the complicated pandemic, this land bank has been developed up to 3000 hectares to ready for global supply chain restructuring.

In 2020, SGT completed 95% of the target revenue plan with VND 485 billion, a growth of 22% compared to 2019. Of which, income from telecommunication infrastructure sector accounting for 55%, the rest comes from industry and office real estate leasing.

With convenient location to connect trade, projects of SAIGONTEL still remain the “its heat” in industrial - urban real estate market, typically:

In Bac Ninh, Dai Dong Hoan Son industrial park Phase 1, with area of 300 hectares 100% filled; Dai Dong Hoan Son Phase II with a scale of 96 hectares, has been registered 90% area for long-term leasing and is speeding up procedures to hand over land in quarter 3/2021.

In Thai Nguyen, SAIGONTEL owns 130 hectares of industrial land in Pho Yen town and 40 hectares at Song Cong city which are being completed site clearance to handover land to investors.

Hi-tech factory for lease in Da Nang hi-tech Park with a the first phase of 15 hectares is preparing construction in Quarter 4/2021, is expected to bring a steady income of more than VND 100 billion annually.

Saigon ITC building at Quang Trung Software Park (HCMC) is 100% filled generating nearly VND 20 billion annually, creating development for the adjacent Saigon ICT2 Building under construction. It is expected to put in use and bring steady income of VND 50 billion annually.

Simultaneously, urban service and housing segments are continuously developing with the following projects: Saigontel Central Park apartment in Bac Giang; social housing project with the largest scale in Vietnam – The Ori Garden, in Bau Tram Lakeside urban area - Da Nang providing to the market more than 4.000 flats, ensuring stable working and life for more than 10,000 low-income workers. Nam Vung Tau urban area has a scale of 69.46 hectares in BRVT that the company just won the bid is also a project with a beautiful location which is waited by investors.

Perspective of 10 buildings of Ori Garden social housing

In addition to the projects have been implemented, SAIGONTEL is continuing to complete legal status of 3.000 hectares of other potential projects in Hai Duong, Bac Giang, Hung Yen, Quang nam, Long An, Ba Ria-Vung Tau...and constantly expanding international investment partners network.

With those prospects, SAIGONTEL has announced revenue plan in 2021, expected to reach VND 950 billion, PBT reach VND 150 billion in annually General Meeting of Shareholders 2021.

In addition, also in this year, shareholders of SAIGONTEL has agreed to increase capital from VND 740 billion up to VND 1,500 billion to supplement business capital, to promote projects to be completed more quickly.

ABOUT SAIGONTEL

Saigon Telecommunication and Technology Joint Stock Company - SAIGONTEL is a member of Saigon Invest Group (SGI) - Vietnam’s leading invest group on development industry-urban-service complex. Up to now, SGI has successfully developed more than 30 industrial Parks in thw whole country, typically: Trang Due - Hai Phong Industry - Urban - Service complex; Que Vo - Bac Ninh Industry - Urban - Service complex; Dai Dong Hoan Son - Bac Ninh Indsutrial Park; Quang Chau - Bac Giang Industrial Park; Tan Phu Trung - Tp. HCM Industrial Park; Tan Duc - Long An Industrial Park...

Established in 2002, SAIGONTEL formerly known as a company providing telecommunication infrastructure service in industrial parks of the Group, now it has strongly transformed into a real-estate enterprise with 3 main businesses including: Industry - Urban - Service Until now, SAIGONTEL has achieved many successes, stable revenue and strong development over each period and is an effective investment promotion partner of many localities. Headquarter of the Company located at lot 46, Quang Trung Software Park, Tan Chanh Hiep ward, district 12, HCMC In addition, the Company has many representative offices in Hanoi, Bac Ninh, Da Nang, Long An, Thai Nguyen, Hai Duong.

The content of the article posted on page: https://cafef.vn/saigontel-tu-cong-ty-vien-thong-tro-thanh-doanh-nghiep-bds-20210714162135852.chn