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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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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As of now, the ZENIA tower has reached the 16th floor, gradually rising proudly in the heart of Northeast Ho Chi Minh City. The project currently has 120 workers actively engaged on-site, focusing on critical components while ensuring the highest standards of quality and technical safety.

Simultaneously, the National Highway 13 frontage – La Pura’s direct access route – is being accelerated by partner Becamex, targeting completion by July 2025. This vital transportation artery will significantly enhance connectivity and commercial potential for the entire development.

In the coming weeks, the workforce will expand to achieve an ambitious pace of completing one floor per week. This reflects our firm commitment to delivering the project on schedule while maintaining uncompromising construction and safety standards.

La Pura – The Wellness City for Saigon residents – transcends conventional housing. It represents a new living icon that harmonizes modern convenience, sophisticated design, and green urban living spaces.

Construction images at the site:

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Master plan of Quy Nhơn Iconic project

Capitalizing on Binh Dinh-Gia Lai merger opportunity
The merger of Binh Dinh and Gia Lai provinces is ushering in a new development era for the South-Central – Highlands region, with the new administrative center planned for Nhon Hoi Economic Zone (Quy Nhon). This represents more than just administrative reform – it’s a powerful catalyst for urban planning, public investment, human capital attraction, and investment flows, significantly impacting local real estate markets.

Post-merger Binh Dinh and Gia Lai

Quy Nhon’s real estate market, particularly areas near the future administrative center, still offers substantial price appreciation potential. Current land prices remain 50-70% lower than neighboring coastal cities like Nha Trang and Da Nang, while demonstrating faster infrastructure development and strong 5-10-year price growth prospects.

According to batdongsan.com.vn data, Quy Nhon’s real estate market shows exceptional interest from multiple regions: 24% from HCMC, 22% from local residents, 16% from Hanoi, and 10% from foreign investors – evidence of this emerging coastal city’s growing appeal.

Dual benefits from regional infrastructure and development policies
Quy Nhơn is transforming into the region’s premier logistics hub with its strategic position connecting the Central Coast and Central Highlands. Major infrastructure projects underway or planned include: Quy Nhon-Pleiku Expressway, National Highway 19B, Thi Nai Bridge 2, and Phu Cat Airport upgrades.

This comprehensive transportation network promises to reduce travel times, lower logistics costs, and expand urban development space. Property values along strategic corridors are showing steady appreciation thanks to direct infrastructure benefits and incoming investment capital.

Investment Epicenter in the Coastal City
Strategically positioned along the new National Highway 19 near the future administrative center, Quy Nhon International Port, and famous tourist destinations like Ky Co Beach and Eo Gio, Quy Nhon Iconic offers an ideal location attracting residents and professionals relocating from industrial zones – a demographic with strong demand for quality housing with full amenities.

Illustration of Quy Nhon-Pleiku Expressway

Master-planned as a model urban area, Quy Nhon Iconic emphasizes green living spaces and modern amenities including a 2km riverside park, Olympic-standard swimming pool, schools, and commercial centers – meeting both residential and recreational needs.

Quy Nhon Iconic’s shophouses along National Highway 19 offer combined business-residential-rental potential

Recently, the project launched a premium subdivision near bustling markets, adjacent to schools and bordering the Ha Thanh River – one of the city’s key scenic corridors. The subdivision’s diverse product mix caters to both end-users and medium-long term investors, with competitive sales policies, clear legal status, and transparent ownership commitments driving strong market interest.

By building on sustainable fundamentals – central location, full legality, modern planning, and synchronized urban development – Quy Nhon Iconic represents more than just another real estate opportunity. It stands as Phat Dat’s new development icon in this strategically important Central Vietnam market.

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