Welcoming the new boom cycle, Vinhomes CEO revealed that Vinhomes Royal Island Hai Phong closed the transaction of 2,000 villas when just launched, the latest information on Vinhomes Co Loa and Vinhomes Dan Phuong projects.

Reporting at the Shareholders’ Meeting, Mr. Pham Thieu Hoa – Chairman of the Board of Directors of Vinhomes said that 2023 will be in the context of the real estate market continuing to face many challenges, thanks to the acumen to anticipate opportunities. In the market, Vinhomes has achieved and exceeded its business targets for 2023.

Specifically, Vinhomes’ total consolidated net revenue in 2023 will reach VND 103,557 billion, recording a positive growth of 66% compared to 2022. Total converted consolidated net revenue (including revenue from the activities of Vinhomes, business cooperation contracts (BCCs) and real estate transfers are recorded in financial revenue) reaching 121,357 billion VND, exceeding 21% of the plan and increasing by 49% compared to 2022. Profit after tax exceeded the yearly plan by 12% and increased by 15% compared to 2022, reaching VND 33,533 billion.

Mr. Hoa said that in 2024, Vinhomes plans to do business in 2024 with revenue of 120,000 billion VND and profit after tax of 35,000 billion VND; increased by 16% and more than 4% respectively compared to implementation in 2023.

At the congress, sharing the business plan for 2024, Ms. Nguyen Thu Hang – General Director of Vinhomes Joint Stock Company said that in the context of a strong real estate market, the business situation and the launch of Vinhomes’ new project also progressed smoothly.

Specifically, in March 2024, the Company introduced the Vinhomes Royal Island city project with a scale of 877 hectares located entirely on Vu Yen island, Hai Phong. With the “unique” advantage of location – planning – design – amenities, opening up a luxurious, world-class living space – in less than a month of launch, Vinhomes Royal Island has attracted nearly 12,000 customers visited, including nearly 2,000 customers who placed orders.

Besides, low-rise subdivisions of Vinhomes Ocean Park 2-3; or apartment buildings in Vinhomes Ocean Park, Vinhomes Smart City, Vinhomes Grand Park developed in cooperation with Vinhomes and secondary investors are still a shopping cart of great interest in the context of housing demand remaining positive. pole.

In particular, Vinhomes launched a newly planned retail real estate product in the Grand World subdivision of the Ocean City project (Vinhomes Ocean Park 1, 2 and 3), and quickly made its mark on the map. Northern destination when on average each weekend welcomes nearly 100,000 visitors to experience it.

Following the success of The Venice subdivision in this complex, Ms. Hang said that on April 26, Vinhomes will open the K-Town subdivision with 343 shops designed in a Korean style, completing the puzzle. The most unique Grand World culinary – entertainment – shopping super complex in the North.

In parallel with efforts to increase sales, the Company also promotes the consolidation of distribution channels to catch new opportunities in the market, in the direction of “3 legs of the stool” which are self-trading, agent system, and platform. O2O business. All three channels have been strengthened and supplemented with resources, ready to seize opportunities and create new sales miracles.

At the same time, the Company also continuously adds new utility projects such as a 30-story office tower and up to 4 basement floors at Vinhomes Ocean Park 3, a 300-bed Vinmec hospital at Vinhomes Grand Park and a Vinmec hospital with 300 inpatient beds at Vinhomes Grand Park. 130-bed inpatient facility at Vinhomes Ocean Park 2, upgrading the 36ha park at Vinhomes Grand Park and amenities at Vinhomes Golden Avenue, along with sports fields, shopping entertainment areas…, bringing Outstanding standards only available in Vinhomes urban areas.

According to Ms. Hang, key projects such as Ocean City, Vinhomes Royal Island… are expected to be the driving force for growth for the company in 2024 and the following years. The company also aims to launch new major projects for sale this year and gradually deploy social housing projects, aiming to realize the dream of “settlement” for millions of workers.

Shareholder: In 2024, which projects will contribute greatly to the business’s revenue and what will be Vinhomes’s upcoming project development plan?

Mr. Le Tien Cong – Chief Accountant of Vinhomes: Sales plan for 2024 continues to grow to 120,000 billion VND. Sales mainly come from Vinhomes Ocean Park 2-3, Vinhomes Royal Island Hai Phong and a number of large projects that will be implemented in the near future.

The company assesses that the housing demand in Vietnam is very large, Vietnam’s population is growing strongly, and the urbanization rate is high. Based on such factors, Vinhomes will continue to strongly develop products and community activities.

Shareholders: Why won’t the Company issue international bonds in 2023?

Ms. Nguyen Thu Hang – General Director of Vinhomes: In 2023, the world economic situation is not really good while domestic capital sources are abundant, so Vinhomes has not yet issued international bonds.

The Company’s business strategy always has a 5-10 year vision, Vinhomes continues to aim to be the leading investor in Vietnam and eventually the region. The market research team will always design, research and add amenities to ensure increased living value in major projects.

Shareholders: Previously, Cong announced about the Vinhomes Co Loa and Vinhomes Dan Phuong projects. Would the Board of Directors please update the progress of these two projects for shareholders to know? Regarding social housing projects, when will the Company open for sale 2 major projects in Hai Phong and Nha Trang?

Mr. Pham Thieu Hoa – Chairman of the Board of Directors of Vinhomes: Vinhomes Co Loa and Vinhomes Dan Phuong are completing the legal process and will release goods depending on conditions.

Regarding social housing, Vinhomes’ criteria is to serve social housing in Nha Trang and Hai Phong. The progress of opening sales of these two projects also depends on the procedures of State agencies. When the procedure is completed, the Company will publicly announce it to shareholders.

Shareholders: How does the Board of Directors evaluate the upcoming impacts of the three new laws, the Land Law, the Housing Law and the Real Estate Business Law, when they are about to take effect?

Mr. Pham Thieu Hoa – Chairman of the Board of Directors of Vinhomes: Vinhomes and real estate companies are contributing ideas so that the Circulars and Decrees guiding the new Law will soon come into effect. We think that the new laws will have a more positive and transparent impact on the real estate market.

At the end of the meeting, Vinhomes shareholders approved the proposals, which serve as a basis for the Company to implement business plans for 2024, welcoming the new growth cycle with outstanding achievements, thereby bringing value for investors, partners and customers.