This morning (June 27), Phat Dat Real Estate Development Joint Stock Company (stock code: PDR) held the 2025 annual general meeting of shareholders.
Speaking to shareholders, Mr. Nguyen Van Dat - Chairman of the company - commented that Resolution 68 of the Politburo clearly mentioned the role of the private economy. With many years of operating in the market, he assessed the spirit of the Resolution as a rare opportunity for the business community.
However, Chairman Phat Dat also believes that there will be businesses that develop very strongly, while on the contrary, there will be companies that face difficulties. Phat Dat alone has enough foundation to develop in the future.
Mr. Nguyen Van Dat - Chairman of Phat Dat Board of Directors - announced good news to shareholders (Photo: PDR).
Informing shareholders, Mr. Dat said there were two important news. First, the company has just been approved for two projects in Thu Dau Mot City, Binh Duong according to Resolution 171 of the National Assembly. The People's Council of Binh Duong province has approved the pilot of these two projects with a total scale of 45 hectares, which can be used for high-rise projects.
Second, the company's BT (build-transfer) contract projects have shown many positive signs so far. This enterprise was assigned to continue implementing the Co Dai BT project, in exchange for land fund of Cu Lao Ba Sang (Thu Duc City, Ho Chi Minh City) and some other land areas.
Regarding the BT project of Phan Dinh Phung Stadium (District 3), Mr. Dat said the company is qualified to carry out detailed implementation, but the city wants to convert the project to public investment, so the parties are still working.
Responding to shareholders, he revealed that the company has a land fund of several hundred hectares in Binh Duong and is continuing to do business. In Ba Ria - Vung Tau , the company has a total land fund of about 52 hectares. After merging these two localities into Ho Chi Minh City, the company's total land fund is very large. In its strategic direction, the company will continue to make new investments in Dong Nai because of Long Thanh airport and a well-connected transportation system.
When asked about the impact of the second real estate tax policy on the market, both the chairman and general director of Phat Dat gave their opinions.
Mr. Bui Quang Anh Vu - General Director - said that the new policy is still in draft form, has not been approved and is receiving mixed opinions. According to him, if approved, this regulation will also need time and integrate many different management factors.
Mr. Nguyen Van Dat said that taxing does not have any impact. The US market imposes very high taxes on real estate profits, but housing prices continue to increase, not decrease. Taxing in Vietnam may still be strange, but it will gradually become a habit. He said that if there is an open and inclusive spirit, there is no fear of taxing. The important thing is that there is always demand in the market and the potential for development is huge.
This year, Phat Dat plans to achieve revenue of VND3,300 billion and after-tax profit of VND728 billion, more than four times the results of last year. The company focuses on boosting sales, bringing in large cash flows through key projects in Binh Dinh, Binh Duong, Ba Ria - Vung Tau...
Source: https://dantri.com.vn/kinh-doanh/dai-gia-phat-dat-so-huu-quy-dat-khap-tphcm-mo-rong-noi-gi-ve-thi-truong-20250627134244771.htm
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