At the recent Annual General Meeting of Hoa Sen Group, shareholders approved two profit forecasts lower than the previous year. Chairman Le Phuoc Vu revealed a focus on investing in potential projects in Dong Nai, particularly around Long Thanh airport. Despite having participated in real estate for a long time, Hoa Sen has yet to make a significant impact and has transferred several earlier projects. Recently, the group decided to invest capital to establish Hoa Sen Saigon to develop residential and commercial projects in Ho Chi Minh City. One notable project is the Hoa Sen Yen Bai Hotel, initiated back in 2016 but still incomplete. The group plans to contribute an additional 200 billion VND to increase the charter capital for this project.
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