VEFAC and 2 questions about the project "crisis" ahead of IPO

 Investors fret about 2 before the "super project" in Hanoi with a total investment of up to $ 2.8 billion of the Company Limited Expo Centre Vietnam ( VEFAC).


    Not yet published any information about plans for equitization (CPH) and currently informed legal recruitment specialists involved but plans CPH Company Limited Expo Centre Vietnam (VEFAC) were expected to complete the equitization and transformed into a joint stock company in January 9/2013. Many investors also wondered before about 2 "super project" of this Company.


     VEFAC formerly the Giang Vo Exhibition Zone, established in 1974, the mission of the company is mainly operating, exploiting the Giang Vo Exhibition Centre. The company now has 200 staff. In the field of advertising, trade fairs, activities VEFAC are experts commented nothing outstanding. Mention route equitization, VEFAC said, under the direction of the Government and the Ministry of Culture, Sports and Tourism, VEFAC ongoing equitization, is expected to complete the equitization and successful transition Corporation in January 9/2013. The size, strength, range of operation, the company's position equivalent to large corporations.


    CPH eve, this company is also information about two "super project". First Project Expo Center at Tri country with an area of ​​125 hectares, located on the Thang Long Boulevard, Me Tri commune, Trung Van, Tu Liem district with a total investment estimated is 2 billion. This complex includes the Expo zone countries and areas such as commercial buildings, office parks, area real estate, area hotels, entertainment ... Secondly Trade Center Project Services Office on an area of ​​6.8 hectares at 148 Giang Vo street, Ba Dinh District, Ha Noi, with a total estimated investment of $ 800 million. Complex includes downtown, the conference workshops, the luxury hotel, office space for rent, luxury apartments, cultural and entertainment areas, dining areas.


    The new project is the competent authority for approval of the planning criteria, but the basic architecture VEFAC announced recently recruited senior professionals, project planning, project consultancy, planning - investment, project finance, financial accounting, legislation to implement the project 2 super. Notably, the company recruited experts with unlimited number of limited time and no deadline (?).


     In the context of the real estate market difficult and attracting investment today with a series of projects "slide up" indefinitely, VEFAC information led many investors interested in this business fret. The question they ask is whether the equitization VEFAC can occur as time or company is expected to present new policy only ...? The plan for recruitment of senior VEFAC seem unrealistic, meaning 2 "super project" is very far from the main aims and objectives for "polishing" businesses ahead of CPH to attract interest of investors?