AsemconnectVietnam - Binh Duong Construction and Transport Joint Stock Company (code BCE - HOSE) decided to cooperate with the Industrial Development and Investment Corporation - JSC (Becamex IDC, code BCM - HOSE) to implement a project with a scale of 199,294 m2 in Binh Duong province.

BCE approved the signing of a housing investment cooperation contract with Becamex IDC to implement the Green City Binh Duong Housing project in the Hoa Loi resettlement area, Hoa Phu ward, Thu Dau Mot city, Binh Duong province, with a land area of 199,294 m2, 1,355 houses and a cooperation value of VND1,470.2 billion (excluding VAT).
In particular, the cooperation project is expected to start construction in the fourth quarter of 2024 and be completed, handed over and put into use on December 31, 2025.
Regarding business results, in the first 9 months of 2024, Binh Duong Construction and Transport recorded an additional loss of nearly VND26 billion compared to the same period last year with a loss of VND15.7 billion. Notably, as of September 30, 2024, Binh Duong Construction and Transport had an accumulated loss of VND64.6 billion, equal to 18.5% of charter capital (charter capital of VND350 billion).
Regarding Becamex IDC's business situation, in the first 9 months of 2024, Becamex IDC recorded net revenue of VND3,195 billion and profit after tax of VND769 billion, up 6% and 191% respectively over the same period last year.
N.Nga
Source: VITIC/Tinnhanhchungkhoan