Phat Dat wins TOP50 Corporate Sustainability Awards 2022



Phat Dat wins TOP50 Corporate Sustainability Awards 2022

Phat Dat Real Estate Development Corporation (HOSE: PDR) was honored with TOP50 Corporate Sustainability Awards 2022 (TOP50 CSA). The award aims to honor enterprises with efficient operations and sustainable development.

On 10th August 2022, the Announcement Ceremony of “TOP50 Corporate Sustainability Awards 2022” took place at the Reunification Hall (HCMC). Phat Dat Real Estate Development Corporation was honored among the winners in the category of listed enterprises.

Phat Dat’s representative attending the Announcement Ceremony of TOP50 Corporate Sustainability Awards 2022.

“TOP50 Corporate Sustainability Awards 2022” is assessed based on the following criteria: stable growth, corporate culture, corporate governance, environmental stewardship and social responsibility. The award is responsive to Decision No. 167/QD-TTg, and it aims to propagate the trend of sustainable development throughout the business community and Vietnamese society.
In the past 18 years, Phat Dat has been establishing a solid position in the market and entered the group of leading enterprises in the real estate industry as well as on the stock market. By 2021, PDR’s market capitalization reached over $2.1 billion. The enterprise’s prestige also widely exerts its influence among investors, customers and the community. In pursuit of sustainable development, Phat Dat has demonstrated its strong foundation and outstanding capabilities when constantly growing and making breakthroughs with a proactive spirit.

Phat Dat’s pre-tax profit gradually increased from VND 1,105bn in 2019 to VND 1,540bn in 2020 and reached VND 2,344bn in 2021. In 2022, PDR commits to a pre-tax profit of VND 3,635bn, which is included in the accumulating pre-tax profit target of VND 14,270bn in 2019-2023.
Phat Dat is pursuing sustainable development and aiming for sustainable real estate. In addition to efficient implementation, requirements for property development also include green standards. Each real estate project must positively contribute to the community’s growth and optimize practical and aesthetic aspects while meeting the changing demands of inhabitants in the present and in the future.
Mr. Bui Quang Anh Vu – CEO of Phat Dat, shared: “PDR is progressing the New Era of exceptional development. Yet, PDR will never tradeoff sustainability for speedy growth; speed and sustainability must go hand in hand. We aspire to build a fast-growing enterprise operating on a solid foundation. That’s why PDR is determined to reform, innovate and make changes to reach higher goals and greater status.”

CADIA Quy Nhon of Phat Dat is located in the central square of Quy Nhon city.

Winning prestigious awards is a demonstration of the effectiveness of Phat Dat’s sustainable development strategy. Phat Dat consistently creates successes in the face of market challenges, exhibiting the initiative, adaptability, and foresight of a leading firm in Vietnam’s real estate industry.

Embedding sustainability into corporate culture, Phat Dat focuses on building a humane working environment and improving employee policies via salary raises, bonuses and welfare regime. The enterprise also requires the collective as well as each individual to exceed limitations and increase capabilities. Phat Dat has successfully recruited and developed many senior and mid-management personnel, thereby bolstering the executive team’s expertise and capacity to keep up with the workload.
Besides effective business performance, Phat Dat also exhibits its corporate social responsibility with practical initiatives. During the Covid-19 epidemic, for example, the corporation contributed more than VND 18bn to the vaccine fund, medical equipment, support to the medical workforce, food for severely affected areas, and others.