Real Estate Is Advantage of CEO Co.

I think that this is the most suitable time. This event is a milestone in the development history of CEO. After transforming into a joint stock company in March 2007 and receiving the assistance from Military Commercial Joint Stock Bank (MB), Posts and Telecommunications Finance Company (PTF) and Thang Long Securities Company (TSC), we need to make public. This time, we also signed comprehensive cooperation agreement with our strategic shareholders and strategic partners to sharpen the competitive edge and orient the company into a public company operating in various fields, especially the real estate.

 

MB, TSC and PTF pledged to provide financial assistances for CEO, including soft loans and capital mobilisation for CEO projects. All sides will join hands to provide products, share opportunities, contribute investment capital, develop trademark and assist CEO to open an economic, finance, securities and real estate training school. For its part, CEO will prioritise the use of products and services provided by strategic shareholders and partners on the basis of mutual benefit. At present, CEO is the investor or co-investor of many real estate and training projects such as Chi Dong new urban zone in Quang Minh commune, Me Linh district, Vinh Phuc province, a complex of transaction offices, offices for lease and urban zones in Me Tri Ha, Pham Hung Street and Dai Viet Economic and Technical College. The 17-ha college is branched to Noi Due and Lim in Tien Du district, Bac Ninh Province.

 

Yes. We have now made very meticulous preparations and joined hands with SDT Joint Stock Company, a leading IT firm, to develop information software for the online transaction floor. CEO plans to open the transaction floor on a part of the first floor of the office on Pham Hung Road. This will be a place for CEO to advertise and sell its real estate products as well as products of its other partners. Especially, CEO pays much attention to promoting and carrying out new projects such as urban zones, commercial zones, offices for lease, tourist sites, golf courses, human resources training in Hanoi, Ha Nam, Bac Ninh, Vinh Phuc, Hoa Binh and other provinces nationwide. Real estate has been of the focus of CEO. The launching of the online transaction floor will be a big chance for CEO. After the Real Estate Trading Law took effect on January 01, 2007, CEO has groundwork to realise its ideas but it is still waiting for the issuance of the decree on real estate trading, which will guide the implementation of the laws.

 

In the economic angle, the real estate market is also ruled by supply and demand; thus, it is possibly uptrend or downtrend. This is a normal market movement. However, I believed that the real estate market will be very active in the coming time. At present, the selling and leasing of luxury apartments and offices are very hot. There are a lot of reasons for the belief in a future warming of the real estate market. Firstly, we have become a member of the World Trade Organisation (WTO) and our country will become a big production workshop where more foreign experts will come to live and work. Secondly, the State will issue regulations to create favourable conditions for 3 million overseas Vietnamese to purchase houses in Vietnam. Thirdly, the increasing population as well as an increasing number of graduated students who come from rural areas tend to live and work in big cities to develop their career. Fourthly, the securities market has close ties with the real estate market. The stock market will be an effective, quick and low-cost channel to mobilise capital for the real estate market. This is the energy for the real estate market.