Van Phu – Invest in Top 10 Real Estate Investors in 2023 ranked by Vietnam Report

Van Phu - Invest Joint Stock Company (VPI) was honored in 2 award categories "Top 10 Real Estate Investors in 2023" . This is a worthy recognition for the efforts and breakthroughs of Van Phu - Invest in the context of the real estate market facing many difficulties due to the impact of the COVID-19 pandemic and fluctuations of the economy .

Van Phu - Invest representative received the award "Top 10 Real Estate Investors in Vietnam in 2023".

“Top 10 Real Estate Investors in 2023” is the result of independent, professional research by Vietnam Report, built on scientific and objective principles. The honored companies all satisfy many factors related to finance, corporate image in the media and assessments of industry experts, specifically: Financial capacity shown in the most recent financial report; Media reputation is assessed by the Media Coding method - encoding articles about the company on influential media channels; surveying research subjects and stakeholders to provide the most comprehensive, objective and complete assessment of the business throughout the recent difficult period.

Van Phu - Invest is one of the most typical representatives of the industry, honored to be included in the ranking of "Top 10 Real Estate Investors in 2023" thanks to its effective business operations, strong position in the market and always receiving the trust of the community of customers, partners, investors and shareholders...

Vlasta Sam Son project.

As of 2023, Van Phu - Invest has had 20 years of development and made its mark with a series of urban real estate projects, resort real estate... Currently, the Company has been implementing many projects in key economic regions such as Hanoi, Ho Chi Minh City, Bac Giang , Bac Ninh, Hai Phong, Can Tho... The projects invested by Van Phu - Invest all possess outstanding features in planning and design, demonstrating dedication in creating living values, bringing a convenient and comfortable life to the community.

Typical projects that Van Phu - Invest has built include: Van Phu - Ha Dong New Urban Area, The Terra - An Hung, The Terra - Hao Nam, Grandeur Palace - Giang Vo, Vlasta - Sam Son, Oakwood Residence Hanoi... In which, The Terra - An Hung project achieved EDGE green certification and the award for Best Mid-End Condo Development in Hanoi by PropertyGuru Vietnam; Grandeur Palace - Giang Vo project was also honored by PropertyGuru Vietnam in the categories: Best Luxury Condo Development (Hanoi), Best Housing Architectural Design; Vlasta - Sam Son project is the first coastal urban area to achieve EDGE green certification in Thanh Hoa and is the "Best waterfront housing development" recognized by the prestigious organization PropertyGuru Vietnam.

Van Phu - Invest representative received the award "Top 50 Best Growth Enterprises in Vietnam in 2023".

In addition to the “Top 10 Real Estate Investors in Vietnam in 2023” , Van Phu – Invest was also named by Vietnam Report in two other prestigious categories: “Top 50 Best Growing Enterprises in Vietnam in 2023” and “Top 500 Fastest Growing Enterprises in Vietnam in 2023” . This category aims to recognize and honor enterprises that have achieved the best and most sustainable revenue growth rate, while maintaining stable business performance throughout the period 2015 - 2022.

At the end of the 2022 fiscal year, Van Phu - Invest reported pre-tax and after-tax profits of VND 661.1 billion and VND 492 billion, up 69% and 43% respectively compared to 2021. With the above results, Van Phu - Invest has completed 123% of the pre-tax profit target and 114% of the after-tax profit target as announced at the 2022 Annual General Meeting of Shareholders.

Based on the results of 2022 and the financial foundation, land fund, and prepared work, Van Phu - Invest sets a business plan for 2023 with total revenue of VND 2,200 billion, profit after tax of VND 550 billion, respectively increasing by 4% and 10% compared to the results achieved in 2022. In the first quarter of 2023 alone, according to Van Phu - Invest's consolidated financial report, net revenue reached VND 863 billion, up 24%; gross profit reached VND 627 billion, up 3.1 times compared to the same period last year. At the end of the first quarter of 2023, the company completed 39% of the revenue target and 55% of the profit after tax target.

Attending the award ceremony on May 17, 2023, a representative of Van Phu - Invest said: "Being in the rankings of "Top 10 Real Estate Investors in Vietnam in 2023" and "Top 50 Best Growth Enterprises in Vietnam in 2023" is a worthy recognition of Van Phu - Invest's adaptation efforts through the extremely challenging period of the pandemic and economic fluctuations. On the other hand, this is also a testament to the prudent, feasible and correct direction that the Company's Board of Directors has set out" .

Source: https://www.congluan.vn/van-phu-invest-vao-top-10-chu-dau-tu-bat-dong-san-nam-2023-do-vietnam-report-xep-hang-post248171.html