Education and consultancy service company AMD Group will list all of its shares (30 million) on the Ho Chi Minh City Stock Exchange. The exchange has asked the company to complete its filing, while giving no specific timing for the listing.
AMD Group has a charter capital of VND300 billion ($13.9 million). It implements investments and services in education, research and consultancy, tourism, and technology equipment.
Its clientele ranges from international organisations like the World Health Organisation, the United Nations Development Programme (UNDP), the Multilateral Trade Project (MUTRAP), to state-owned and private companies in various sectors of aviation, real estate, construction materials, energy and finance, etc.
The Hanoi-based firm has four subsidiaries, the Asian Management and Development, a research and training unit, ecotourism developer Deco House, preschool system Pink House, and tech equipment provider Ace Tech.
Earlier this year, AMD Group decided it will increase the charter capital to VND609 billion after listing shares on the Ho Chi Minh City Stock Exchange. The company also targets a net profit of VND34 billion for the 2015 fiscal, an increase by nearly two times from last year.
AMD Group says 2015 is a pivotal year for the development of the company. Apart from the listing process, it will deploy a VND500 billion tech incubation and human resource training complex in Hanoi.
The project will mark Vietnam’s first large technology investment under the public-private partnership.
AMD Group expects it will become a key incubator of Vietnamese tech talents once the complex is completed. “It will be a place to nurture new scientific ideas, as well as the headquarter for other science and technology research organisations,” the firm says.