VinGroup to create building, fashion companies

Construction giant VinGroup (VIC) will contribute VND94 billion (US$4 million) to establish Vincom 2 Construction Company with a total charter capital of VND100 billion ($4.7 million).

Recently, the group decided to release their treasury share (re-acquired stocks) to make additional capital contribution to Vinpearl, an affiliates focusing on travel and hospitality services. The contribution mounted up to VND2.443 trillion ($115.8 million).

It also plans to contribute VND14 billion to set up a fashion company with a charter capital of VND20 billion ($948,000).

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