Phat Dat Real Estate Development Corporation, listed on the Ho Chi Minh Stock Exchange as PDR, has been named among the Top 10 real estate developers in Vietnam in 2023 by Vietnam Report, a leading local ranking and research company.
According to the list, announced on Friday, Phat Dat ranks fifth, up one place from 2022. The remaining names include Vinhomes, Nam Long, Ecopark, Khang Dien, Ha Do Group, Phu My Hung, DIC, Van Phu Invest, and AnGia Group.
This is the result of an independent study done on "scientific and objective principles" by Vietnam Report to recognize and honor pillar businesses of the real estate industry that have made great achievements in providing products to customers, creating impressive images in the eyes of the public and investors, Phat Dat said in a release.
Amid a myriad of difficulties in the past year from the Covid-19 impact to the Russia-Ukraine conflict, raw material price fluctuations, escalating inflation and soaring interest rates, these developers have shown strong mettle via stable financial capacity and good resilience.
Despite facing the same challenges as other property businesses, Phat Dat maintained its core activities with key products and projects. In 2022, many important indicators representing its financial health like total assets, equity, charter capital, net profit margin and gross profit margin remained stable.
To cope with the difficult market situation, Phat Dat implemented the strategy of proactive financial and product restructuring. It devised flexible financial solutions to meet practical requirements and focused on promising projects with high absorption capacity.
Currently, Phat Dat boasts a land fund of over 5,836 hectares, mainly in localities with good technical infrastructure and traffic connections such as Da Nang, Quang Ngai, Binh Dinh, Ba Ria-Vung Tau, Binh Duong, HCMC and Kien Giang’s Phu Quoc Island.
"Phat Dat consistently strives to become a professional and sustainable real estate developer with the goal of bringing valuable products to customers and contributing to the national economy. The company’s presence in the prestigious rankings once again proves its position in the realty industry," the firm said.
Previously, Phat Dat was also named among Vietnam's 100 best places to work 2022, a list compiled by human resource consultancy Anphabe and sponsored by the Vietnam Chamber of Commerce and Industry (VCCI).
In the Ho Chi Minh City bourse, PDR closed the Monday session at VND13,200 ($0.56).