Tag: net profit

With its proximity to Ho Chi Minh City and a unique selling approach, entrepreneur Nguyen Quoc Cuong's The Felix project has created a stir. Located just 20 kilometers from the city, the project has seen an impressive uptake with over 1,200 apartments snapped up, leaving only about 60 units remaining despite prices being higher than the area's average.

On August 22nd, TPS Joint Stock Securities Company (TPS, HOSE: ORS) sent an explanation letter to the Ho Chi Minh City Stock Exchange (HOSE) regarding the resolution of issues that had led to a warning on their stock. Following this news, ORS shares surged to the ceiling price during the August 25th trading session.

The soaring property prices have led to a significant shift in the market, with many opting to rent instead of buy. This decision is a strategic move to avoid the financial burden of escalating house prices.