At Zenia Tower, the perimeter formwork system for the walls on the 10th floor has been completed, ready for the construction of the next floor.

At Risa Tower, the construction team has completed the slab casting for the 17th floor, further accelerating the completion of the structural framework.

The internal school complex has also seen promising developments, with foundation bored pile drilling being actively advanced to prepare the ground for subsequent works.

Video update on La Pura progress – June 2025: 

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Financial performance driving growth

Phat Dat successfully issued 72.57 million shares for its 2024 dividend payout at an 8% ratio, with a total issuance value at par of VND 725.78 billion.

The company also ranked 9th in the Top 20 private real estate enterprises with the largest budget contributions in Vietnam, according to the PRIVATE 100 and VNTAX 200 rankings announced by CafeF.

La Pura: Market appeal and dot property awards recognitions

La Pura continues to make a strong impression, with 95% of Phase 1 units sold within just 55 days of launch. Recently, the project introduced its new Zenia Up2 product line, featuring optimized space designs and flexible payment plans starting from VND 260 million until handover.

Earlier, La Pura was honored at the Dot Property Vietnam Awards 2025 with two prestigious awards: Best Child-Friendly Design Vietnam 2025 and Best Wellness Urban Lifestyle Development Vietnam 2025.

Thuan An 1 Project: Officially eligible for sales

Another highlight in Phat Dat’s project development is the Thuan An 1 High-Rise Residential Complex.

The 1,106 units in Block A1 of the project have been certified by the Department of Construction of Binh Duong Province (former) as eligible for capital mobilization through the sale and lease-purchase of off-the-plan residential properties.

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The company successfully allocated 72,574,296 shares, representing a minor adjustment of 4,510 shares from the originally planned 72,578,806 shares. This adjustment was made in accordance with standard procedures for rounding down to whole units and canceling fractional shares.

The share issuance was funded from the company’s undistributed post-tax profits for 2024 and accumulated profits from previous years up to December 31, 2024, as in the audited 2024 Financial Statements.

Shareholders received new shares at a ratio of 100:8, meaning for every 100 shares held at the record date, shareholders were entitled to receive 8 new shares.

Following the distribution on August 5, 2025, Phat Dat’s total outstanding shares increased from 907,235,083 to 979,809,379 shares.

Please refer to the full report for more information.

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This update is merely an adjustment to the administrative name in accordance with State regulations. It does not change the actual location of the head office and will not affect the Company’s business operations.

Phat Dat kindly requests shareholders, partners, and customers to update the above new address in all transactions, documents, correspondence, and related administrative records.

For further information or assistance, please contact:
Phat Dat Real Estate Development Corporation
Address: Phat Dat Group Building, No. 39 Pham Ngoc Thach Street, Xuan Hoa Ward, Ho Chi Minh City
Tel: (028) 3898 6868
Fax: (028) 3898 8686
Email: info@phatdat.com.vn

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Overview of the Meeting

2024 Results: Effective Restructuring

In 2024, amid a volatile real estate market, Phat Dat maintained stable operations thanks to flexible management strategies and effective restructuring capabilities. In 2024, the company recorded total revenue of VND 1,304.33 billion, pre-tax profit of VND 261.71 billion, and post-tax profit of VND 155.18 billion.

Mr. Bui Quang Anh Vu – CEO of Phat Dat Real Estate Development Corporation, reporting 2024 business results at the AGM

Phat Dat successfully issued more than 34 million shares for debt swap, equivalent to $30 million. This move not only strengthened financial capacity but also significantly reduced cash flow pressure during the restructuring period.

Simultaneously, the company established strategic cooperative relationships with major partners such as Realty Holdings, Thanh Binh Phu My, Big4, Gempire – Mai Viet Land, etc., to expand investment opportunities and develop large-scale projects.

Phat Dat maintained its position as a leading real estate enterprise through many prestigious awards: Top 10 Most Reputable Real Estate Companies for the 5th consecutive year, Vietnam’s Gold Star 2024, Top 50 Best Corporate Governance Companies – VNCG50, Employer of choice 2024, etc.

2025 Orientation: New Thinking – New Heights

With the theme “New Thinking – New Heights”, the GMS approved the 2025 operational orientation along with a series of specific financial targets and development strategies.

Accordingly, total revenue in 2025 is expected to reach VND 3,300 billion, pre-tax profit VND 910 billion and post-tax profit VND 728 billion.

The Chair Committee answering shareholders’ questions during the Q&A session

To ensure shareholders’ rights, Phat Dat will issue shares to pay 2024 dividends at the rate of 8% of total outstanding shares, while issuing 18 million shares under the 2025 Employee Stock Option Program (2025 ESOP Program) at 10,000 VND/share.

In 2026, the company plans to pay dividends to shareholders in cash and shares from retained post-tax profits as of December 31, 2025 at the rate of 17% of Charter Capital at the implementation time. Of which, 05% will be paid in cash and 12% in shares.

Chairman Nguyen Van Dat detailing the company’s development strategy in the coming period

In 2025, Phat Dat will promote sales, bringing in large cash flows through key projects such as Quy Nhon Iconic, Thuan An 1 and 2 high-rise residential complex, Con Dao resort complex, Serenity Phuoc Hai commercial service area, Ben Thanh – Long Hai tourism area and Nhu Nguyet commercial service area.

At the same time, the company will strongly expand its land bank and develop apartment products in Eastern Saigon, including Dong Nai, old Binh Duong and coastal land in Ba Ria – Vung Tau.

An important highlight in the 2025 strategy is redefining the business model in a Human-Centric direction, putting resident experience and community values at the center. Phat Dat aims to create integrated living ecosystems, smart operations and technology connectivity.

To realize this strategy, the company promotes the application of digital technology in the management and operation chain: AI-integrated CRM system, virtual reality (VR) tours, IoT sensors and digital resident platforms, etc.

In addition, Phat Dat strengthens international cooperation by actively localizing advanced real estate development models, implementing selective M&A strategies and expanding strategic cooperation with global partners.

The GMS also agreed to additionally elect Mr. Vu Thanh Le to the Board of Directors for the 2025-2028 term to complete the leadership apparatus, ensure stability and best prepare for development strategies in the coming period.

Mr. Nguyen Van Dat presenting flowers to Mr. Vu Thanh Le – new member of the BOD for the 2025-2028 term

Phat Dat’s 2025 AGM successfully concluded, demonstrating high consensus between the Board of Directors and shareholders on development orientation in the coming time. With a healthy financial foundation, clear strategy and more than 20 years of experience in the real estate industry, Phat Dat is confident to realize growth goals in 2025, ready to break through in the new development cycle.

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