Friendship Trading - Industrial Joint Stock Co
UUPCOM:FTI2,500.00
VND
-1,200.00
(-32.43%)
Friendship Trading - Industrial Joint Stock Co
UPCOM:FTI
(Unlisted Public Company Market)
Recent
price
2,500.00
P/E
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div
yld
- -
ROIC.AI
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- Business
- Friendship Trading - Industrial Joint Stock Company, commercially known as FRIENDCO, is a Vietnam-based diversified enterprise engaged primarily in commercial real estate leasing, property asset management, and wholesale trading services. Established in 1985 as the Motorcycle-Bicycle Enterprise Union and equitized in 2005, the company is headquartered in Ho Chi Minh City, Vietnam, and trades on the UPCoM exchange under the ticker FTI. Friendship Trading - Industrial Joint Stock Company operates across multiple commercial segments, offering a portfolio of services and products that includes: commercial office space, warehouse, and retail premises leasing across prime metropolitan and regional properties in Ho Chi Minh City, Dong Nai, and Binh Duong; wholesale trading and distribution of construction materials, building supplies, textiles, apparel, and general merchandise; hospitality, food, and restaurant services; industrial machinery installation and technical equipment maintenance; and legacy distribution of mechanical components and spare parts. The company serves domestic corporate tenants, commercial enterprises, retailers, and construction firms across southern Vietnam. In recent strategic and operational developments, the company has completed a major corporate transition by winding down its capital-intensive legacy bicycle and motorcycle assembly operations due to facility and capital restructuring, reallocating its core focus toward commercial property management, asset monetization, and trade services. Furthermore, through corporate resolutions and Annual General Shareholder Meetings spanning 2024 to 2026, the company has formally amended its business registration charter, reorganized board subcommittees, and initiated strategic real estate optimization programs across its land bank holdings to expand recurring rental revenues and strengthen corporate governance.