Vien Dong Pharmaceutical Joint Stock Company (DVD) and Dat Xanh Real Estate Service and Construction Company (DXG) will today become the latest companies to list on the HCM City Stock Exchange.
The pharmaceutical company has charter capital of over VND89 billion (US$4.8 million). Its reference price is set at VND85,000.
The company had set a target of VND76 billion in net profit for this year, twice that of 2008. It had already passed the target by the end of November, recording profits of almost VND91 billion.
General Director Le Van Dung expects his company to record a net profit of VND125 billion next year and VND143 billion in 2011.
The DVD is developing a factory at the Tien Son Industrial Park in the northern province of Bac Ninh sy total investment of VND450 billion which will begin operations in the first quarter of 2010.
The company has plans to issue more than 10 million new shares and double its capital early next year.
Dat Xanh is capitalised at VND80 billion. The reference price for its first trading day is VND40,000.
The DXG recently began construction on two residential projects, the Phu Gia Hung Area in HCM City and Giang Dien Urban Area in Dong Nai Province, with an investment of almost VND1 trillion.
The company has also joined hands with partners for developing several projects, including the Thung Lung Xanh residential complex in Dong Nai Province and is the sales agent for other projects.