Public opinion is warming up with the IPO of the Vietnam Textile Institute, because the Institute is being rented three "golden land", after CPH will have the opportunity to convert land use purposes to large profits. However, this information is unfounded. The Textile and Garment Institute will focus on scientific research, technical services, technology and training of technical staffs for textile and garment enterprises, not trading in real estate.

The auction of shares of Vietnam Textile Institute will take place on March 12, 1818, at the Hanoi Stock Exchange (HNX). Accordingly, the Textile and Garment Institute will auction 2,263 million shares with a starting price of VND12,583 / share.

The Textile and Garment Research Institute is a center specializing in applied research, technology transfer, certification, inspection, testing and testing of textile products. The Institute has a chartered capital of VND50 billion, 100% owned by the state, under the management of Vietnam Textile and Garment Group. According to the approved equitization plan, the Institute of Garment will first IPO and offer 45.26% of shares, sold to strategic investors with the rate of 45.26%. The number of shares sold to employees is 9.48%.

As a public science and technology non-profit institute, the Textile and Garment Institute has been self-reliant on regular expenditures according to Decree 115 of the Government since 2007. The total assets of the Institute at the end of 2017 is VND 41 billion. The total number of employees is 121 persons. Average income of laborers is over 9 million VND / person / month.

Turnover of the Institute is on the downward trend, 2016 is 80.86 billion dong and 2017 is down to only 60 billion dong. However, the cost of autonomous activities, research projects and projects is quite large, resulting in profit of only VND 1.1 billion in 2016 and VND 608 million in 2017.

With the results of the Institute of Textiles as mentioned above, the first IPO session was not very attractive to investors. But with the information that the Institute of Textiles is holding the right to use the three land areas are considered by the public as "gold land", may make investors interested.

Specifically, the Institute of Textile and owns the land area of ​​2.850m2 at 478 Minh Khai (Hai Ba Trung, Hanoi). This is the office headquarters of the Institute. The land was leased by the state and land rents were exempted from the area for scientific and technological research, laboratories and training for 50 years from 1993 (or until 2000).

Textile Institute also owns 5.311m2 of land at 454/24 Minh Khai Street (Hai Ba Trung, Hanoi). The land is being used as an office, research center, training and testing facility.

According to the agreement of Hanoi People's Committee, after the equitization, the Institute continues to use the two land areas for purposes of scientific research, laboratory, training the form of signing land lease contract and paying annual rent.

In HCMC Ho Chi Minh City, Textile Institute is using the area of ​​2.219m2 on Tran Hung Dao Street (District 1, HCMC) as a basis for research, training, experimental workshops, product introduction. The Institute of Textiles and Clothing is still completing the long-term land lease application after being transformed into a joint stock company.

According to TS. Nguyen Van Thong, director of the Institute of Textiles and Garments, said that despite the continued hiring of "gold land", the Institute still committed to comply with the agreement with the People's Committee of Ho Chi Minh City. Hanoi and Ho Chi Minh City. Ho Chi Minh City is using land for research, training and experimental purposes. After equitization, the Institute's activities continue to maintain and develop applied research, providing technical and training services, not trading in real estate such as rumors of rumors or tacit understanding. . Some of the sources of information about the "golden land" that the Institute is using, compared with the actual value of the Institute was announced is more than 72 billion, easy to mistake the idea of ​​super-profits investment in the school This combination. However, the actual value of the Institute is based on fixed and fixed asset prices, exclusive of the value of the three plots of land. The property is rented by the Institute, and the owner of the three plots is Ho Chi Minh City. HN and HCMC. HCM. Therefore, investors should carefully study the information, know the nature of the incident, avoid the wrong decision to affect as well as financial losses later.

After equitization, the Institute of Textiles and Garments plans to earn more than VND49 billion in 2018, VND55 billion in 2019 and VND61 billion in 2020. The net profit after 2018 is estimated at VND188 million, to VND 758 million in 2019 and VND 923 million in 2020.

Theo vinatex.com