Chairman Nguyen Van Dat: Sacrificing short-term personal gains to build a long-term future for Phat Dat

The decision by Mr. Nguyen Van Dat – Board Chairman of Phat Dat Real Estate Development Corporation (HOSE: PDR) – to transfer 88 million PDR shares is drawing market attention. The essence of this transaction is a proactive choice. Mr. Dat is transferring a small portion of his shareholding through a block trade, aiming to convert personal assets into ready financial resources, enabling immediate support for Phat Dat’s new, larger-scale business plans.

“Business leaders should not just wait for the market; they must proactively create opportunities.” This is the mindset of the Leadership at Phat Dat.

Mr. Dat affirmed: “Personally, I can sacrifice short-term benefits, but in return, Phat Dat and its shareholders will gain more sustainable, long-term benefits.”

In late 2022, amidst the bond debt crisis engulfing the entire market, Mr. Dat also sold personal assets worth over VND 2,000 billion to help Phat Dat settle its debts and honor commitments to bondholders. That very courageous decision helped Phat Dat escape the crisis early, maintain stakeholder confidence, and regain recovery momentum faster.

This time, with nearly VND 2 trillion expected to be raised, Mr. Dat is preparing the “launchpad” for Phat Dat’s breakthrough plan just as the market shows positive signs. Alongside ongoing projects, Phat Dat has just decided to accelerate a new strategic direction focusing on major urban centers by negotiating the acquisition of several large-scale projects in the core of HCMC, Binh Duong, Ba Ria – Vung Tau, and Hanoi.

With this strategic decision, Phat Dat’s leadership stated they are preparing a very strong financial foundation alongside quick and decisive action.

Following the transfer, Mr. Dat remains the largest shareholder of Phat Dat, holding a 36.45% stake. This clearly affirms that he is not only the founder but also a leader willing to sacrifice short-term personal interests to optimize the company’s common benefits. Adhering to the philosophy that “speed must go hand-in-hand with discipline,” Nguyen Van Dat demonstrates strong determination in creating the announced breakthrough growth strategy for Phat Dat.