The Board of Directors of Vincom Retail Joint Stock Company (HOSE: VRE) has approved the transfer of 99.99% of its equity in Vincom Real Estate LLC NCT—the owner of Vincom Center Nguyen Chi Thanh—to Bao Quan Investment and Service Trading LLC.
The transaction value exceeds 3.63 trillion VND, with the transfer expected to be completed in October 2025. Upon finalization, Vincom NCT will no longer be a subsidiary of Vincom Retail.
Vincom Retail Plans to Invest Over 3.6 Trillion VND in Establishing a Real Estate Company
Vincom Center Nguyen Chi Thanh
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Bao Quan LLC was established in April 2023, headquartered in Hanoi, and operates in the real estate sector. With a charter capital of 150 billion VND, it is co-founded by Mr. Nguyen Van Hieu and Mr. Nguyen Huu Thuan (born 1995), who serves as the Chairman of the Members’ Council and legal representative, each holding a 50% stake.
By February 2024, Mr. Nguyen Huu Thuan transferred his entire equity share to Mr. Pham Dinh Cao, who now acts as Director and legal representative.
At the 2025 Annual General Meeting, Ms. Tran Mai Hoa, Chairwoman of Vincom Retail’s Board of Directors, stated that the company will focus on developing large-scale shopping centers (megamalls).
In a competitive market, optimizing asset utilization is crucial. For the Vincom Nguyen Chi Thanh project, Vincom Retail plans to renovate floors 1-5 to incorporate office functionality.
Vincom Retail must adopt flexible strategies to maximize asset utilization and cash flow for financial investments. This includes potential renovations, model conversions, or divestments to recover invested capital as needed.
Vincom Retail’s AGM: Q1 Profit Estimated at 25% of Plan
– 22:14 28/10/2025
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