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Taseco Land seeks buyer for hotel in $234 mln Hanoi property project

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Taseco Land, one of Vietnam’s major property developers, is looking to sell a 55-floor hotel, offering potential buyers the opportunity to own part of a VND5.93 trillion ($234.4 million) property project in Hanoi.

The hotel is part of the Landmark 55 project, a hotel, office, retail, and service complex situated in the Starlake urban area – a prime location in central Hanoi.

This decision follows Taseco Land’s completion of the Landmark 55 office building sale to Singapore-based Mapletree in December 2024.

Illustration of the Landmark 55 project in Hanoi. Photo courtesy of Taseco Land.

Illustration of the Landmark 55 project in Hanoi. Photo courtesy of Taseco Land.

Taseco Land’s subsidiary, Taseco Invest, took over the Landmark 55 project through its affiliate, West Lake View, from South Korea’s THT Development Company Ltd., the developer of Starlake.

Following the full divestment of West Lake View to Mapletree, Taseco Land (UpCoM: TAL) earned VND560 billion ($22.3 million) in profit from the office building transfer.

This transaction significantly boosted TAL’s 2024 earnings. The company reported a net profit of VND678.4 billion ($26.8 million) last year, marking a 43.5% year-on-year increase and exceeding its target by 43%.

Taseco Land recorded VND1.68 trillion ($66.5 million) in net revenue in 2024, down 47.9% from the previous year, while financial revenue surged to VND825 billion ($32.6 million) from VND85 billion in 2023.

According to Vietcombank Securities, the sale of Taseco Land-owned property projects could generate VND1.2 trillion ($47.4 million) in profit between 2024 and 2026.

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ST Engineering iDirect’s Public Safety Solution Wins MSUA Satellite Mobile Innovation Award 2025

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ST Engineering iDirect, a global leader in satellite communications, has been awarded the President’s Award for Humanitarian Aid/Disaster Response by the Mobile Satellite Users Association (MSUA)

The solution delivers reliable, scalable and secure connectivity for critical public safety operations

HERNDON, Va., March 12, 2025 /PRNewswire/ — ST Engineering iDirect, a global leader in satellite communications, has been awarded the President’s Award for Humanitarian Aid/Disaster Response by the Mobile Satellite Users Association (MSUA), for its leading-edge satellite technology in public safety communications.

The MSUA is a non-profit organization dedicated to promoting satellite mobility innovation and development of the satellite mobility market worldwide. ST Engineering iDirect received the award at a luncheon held during the SATELLITE 2025 conference in Washington, D.C.
The MSUA is a non-profit organization dedicated to promoting satellite mobility innovation and development of the satellite mobility market worldwide. ST Engineering iDirect received the award at a luncheon held during the SATELLITE 2025 conference in Washington, D.C.

ST Engineering iDirect’s public safety solution ensures reliable, scalable and secure connectivity for first responders, emergency services and disaster recovery teams, even in the most challenging environments. Designed for rapid deployment and operational continuity, the solution leverages advanced satellite connectivity to ensure continuous communications where terrestrial networks fail. Its multi-band compatibility across all satellite architectures, along with support for numerous waveforms, ensures flexibility and efficiency in dynamic emergency scenarios.

Darren Ludington, Regional Vice President Americas at ST Engineering iDirect, emphasized the impact of the company’s contributions, “Our satellite technology is a critical enabler of mission-critical operations, supporting customers such as Verizon in their vital efforts to deliver reliable and seamless connectivity for first responders when it matters most. Our longstanding partnership with Verizon’s Frontline team is a testament to how innovation in satellite communications can enhance public safety preparedness on a significant scale.”

Verizon has been a partner of ST Engineering iDirect since 2005. The telecommunications provider uses ST Engineering iDirect’s multiservice ground systems for cellular backhaul, to access communication networks over satellite during disasters and for business continuity.

The MSUA is a non-profit organization dedicated to promoting satellite mobility innovation and development of the satellite mobility market worldwide. ST Engineering iDirect received the award at a luncheon held during the SATELLITE 2025 conference in Washington, D.C.

For more information about ST Engineering iDirect’s public safety solution, please visit: https://www.idirect.net/blog/connecting-for-good-st-engineering-idirect-verizon-frontline-in-action/

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Supermicro Brings Superior Performance and Efficiency to AI at the Edge

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New Servers Drive Smarter, Faster, and More Efficient AI from the Data Center to the Edge with Entire Range of Intel® Xeon® 6 Processors Supporting Over 40% More Memory Bandwidth and up to 144 CPU Cores

New Servers Drive Smarter, Faster, and More Efficient AI from the Data Center to the Edge with Entire Range of Intel® Xeon® 6 Processors Supporting Over 40% More Memory Bandwidth and up to 144 CPU Cores

SAN JOSE, Calif. and NUREMBERG, Germany, March 12, 2025 /PRNewswire/ — Supermicro, Inc. (NASDAQ: SMCI) a Total IT Solution Provider for AI/ML, HPC, Cloud, Storage, and 5G/Edge, is introducing a wide range of new systems which are fully optimized for edge and embedded workloads. Several of these new compact servers, which are based on the latest Intel Xeon 6 SoC processor family (formerly codenamed Granite Rapids-D), empower businesses to optimize real-time AI inferencing and enable smarter applications across many key industries.

Systems for AI and embedded workloads
Systems for AI and embedded workloads

“As the demand for Edge AI solutions grows, businesses need highly reliable, compact systems that can process data at the edge in real-time,” said Charles Liang, president and CEO of Supermicro. “At Supermicro, we design and deploy the industry’s broadest range of application optimized systems from the data center to the far edge. Our latest generation of edge servers deliver advanced AI capabilities for enhanced efficiency and decision-making close to where the data is generated. With up to 2.5 times core count increase at the edge with improved performance per watt and per core, these new Supermicro compact systems are fully optimized for workloads such as Edge AI, telecom, networking, and CDN.”

For more information, please visit https://www.supermicro.com/en/products/embedded/servers

Supermicro’s new SYS-112D series systems are designed to run high-performance Edge AI solutions and feature the recently launched Intel Xeon 6 SoC with P-cores. These servers feature increased performance, improved performance per watt, and higher memory bandwidth compared to previous generations of systems. In addition, the new servers include AI acceleration, Intel® QuickAssist Technology with wireless protocols, Intel vRAN Boost Technology, Intel® Data Streaming Accelerator, and more.

Supermicro’s SYS-112D-36C-FN3P features the Intel Xeon 6 SoC with 36 P-cores, dual 100 GbE QSFP28 ports, up to 512GB of DDR5 memory, and one PCIe 5.0 FHFL slot for a GPU or other add-on card. Combined with Intel’s onboard Media Acceleration and QuickAssist technologies, this makes the system ideal for Edge AI and media workloads, and with a chassis only 399mm/15.7inches deep and with front I/O access, it can easily be deployed in space-constrained environments or embedded in larger systems. Another server based on the same platform, the SYS-112D-42C-FN8P, provides a more telco-optimized configuration, featuring 8 25GbE ports, built-in GNSS and time sync technology, and an Intel Xeon 6 SoC model featuring Intel vRAN Boost. The combination of these features makes this model an all-in-one platform for various workloads in the RAN network.

Supermicro is also introducing two new compact systems, the SYS-E201-14AR and SYS-E300-14AR, which are optimized for IoT and AI inferencing at the far edge. Both systems feature the 15th Gen Intel® CoreTM Ultra processors (codenamed Arrow Lake), which features up to 24 cores and an onboard NPU (Neural Processing Unit) AI accelerator. Both systems have two 2.5 GbE network ports, and connectors for HDMI, Display, and USB, and are optimized for enterprise edge use cases. The SYS-E300 can also be expanded to feature a single PCIe 5.0 x16 slot, allowing for the installation of a PCIe GPU card, enabling the system to expand its performance for Edge AI applications in security & surveillance, retail, healthcare, manufacturing and more.

In the edge data center, Supermicro’s edge AI systems can now be installed with the recently launched Intel Xeon 6700/6500 series processor with P-cores. This processor group is designed for the enterprise data center, aiming for a strong balance between performance and efficiency and delivering an average 1.4x better performance than the previous generation across a wide range of enterprise workloads. Supermicro’s 2U Edge AI product family, such as the SYS-212B-FLN2T, combines Intel’s new processor with up to 6 single-width GPU accelerators in a short-depth, front I/O form factor that can be deployed at the enterprise edge as well as in telco and space-constrained environments.

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New share issuances on the cards amid favourable market

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Vietnamese firms are planning to issue new shares amid a relatively auspicious stock market landscape.

Early this month, the board of directors at ICD Tan Cang-Long Binh JSC, which specialises in providing warehousing services, customs clearance services, and freight, finalised a list of shareholders eligible for bonus shares or the right to purchase new shares.

New share issuances on the cards amid favourable market
The real estate sector is expected to raise robust capital from the third quarter. Photo: baodautu.vn

ILB will issue 13.7 million shares, of which 12.35 million will be offered to existing shareholders at a price of VND20,000 ($0.8) apiece, with a subscription ratio of 50.4 per cent.

The raised amount is expected to surpass $9.8 billion, of which ILB will use $3.64 million to invest in a joint venture with Tan Cang Hoa Tieu Co., Ltd., while $6.24 million will be used to pay infrastructure costs to its parent company, Saigon Newport Corporation, which owns a 51 per cent stake in ILB.

Hanoi-based tech firm Elcom Technology Communications Corporation closed its shareholder list on February 24 for an offering of nearly 12.5 million shares at a ratio of 100:15, priced at $0.4 per share.

The total proceeds have been estimated at nearly $5 million, of which Elcom plans to use $3.28 million to repay principal and interest on several credit agreements and pay debts to suppliers.

The remaining $1.72 million will be injected into research for new technologies and products.

In addition, Elcom will issue approximately 4.2 million bonus shares to shareholders at a ratio of 100:5. After executing these two plans, Elcom’s charter capital will increase from $33.3 million to $40 million.

For southern developer Nam Long Investment Corporation, the company has asked for shareholders’ opinions on a plan to offer shares to existing shareholders during 2025.

The firm plans to issue beyond 100 million shares at a ratio of 100:26, with a price of $1 per share.

With about $100 million to be raised from the offering, Nam Long plans to use nearly $10.64 million to invest in two key subsidiaries: Nam Long Land and Nam Long Commercial Property. The funds will be disbursed in the last two quarters of this year.

In addition to offerings to existing shareholders, some businesses plan to conduct private placements for strategic shareholders.

For example, at the end of February, TDG Global Investment JSC announced a plan to issue nearly 6.5 million shares to four professional individual investors at a price of $0.4 per share.

The expected fund of nearly $2.6 million shall be for infrastructure construction for Bac Son 2 Industrial Cluster in the northern highland province of Lang Son in the first half of 2025.

On February 17, the State Securities Commission announced it had received an application for a share offering from Binh Duong Trading and Development JSC.

The company also plans to offer 35 million shares at a price not lower than $0.4 apiece, expecting to raise $14 million.

The entire sum will be used to repurchase part of the TDC.BOND.700.2020 bond batch ahead of schedule.

The bond batch, issued on November 9, 2020 with a total face value of $28 million, will mature on November 15 of this year.

The proceeds aim to pay dividends to the parent company, Becamex IDC Corporation, and to repay loans and bank interest.

Regarding stock market performance, Nguyen The Minh, head of analysis at Yuanta Securities Vietnam, said that the VN-Index surpassed the 1,300-point threshold mark in the final trading sessions of February.

In Minh’s words, since 2024, the VN-Index had reached the 1,300-point threshold seven times. The key difference in the seventh instance is that the leading stocks are no longer just mid- and small-cap stocks but include significant participation from large-cap stocks, particularly from the steel, securities, and some banking sectors.

This has helped the VN-Index maintain the 1,300-point level more solidly compared to the previous six times.

Liquidity is also an important factor. In the past, when the VN-Index hit 1,300 points, liquidity would spike briefly at the threshold and then quickly decline.

Currently, liquidity has been maintained after the index surpassed the resistance level, indicating funds are not exiting but primarily circulating between different stock groups.

As a result, Minh believes that the current period is relatively favourable for businesses to realise capital through the issuance of shares and bonds.

Regarding investors, the Yuanta Securities expert recommended that before participating in additional share issuance offerings, investors should assess the company’s internal strengths, future growth potential, and share price.

“Investors need to compare the offering price with the trading price on the stock exchange to determine the reasonable price difference. Companies might push stock prices up before the offering to ensure its success, but afterward, prices may sharply decrease. The key is that the price after adjustment must still be higher than the purchase price, otherwise investors will face the risk of losses,” Minh said.

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