Real estate developer Phat Dat to repay bond debts this year: CEO
Phat Dat Real Estate Development JSC is trying to complete its bond debt repayments this year as it prepares to begin 2024 with major changes, CEO Bui Quang Anh Vu tells The Investor.

Phat Dat Real Esate Development JSC CEO Bui Quang Anh Vu. Photo courtesy of the firm.
You’ve said that Phat Dat aims to complete its bond repayments before maturity. How will zero bond debt help the firm? And will you issue bonds in the future?
Phat Dat will use money given by professional investors in a private placement to zero the bond debts by the end of this year. The move will improve the firm’s figures and reduce financial pressures, preparing it for upcoming developments. Phat Dat is on a clear path for the next phase of development and solving bond issues will make it easier to grab upcoming business opportunities.
In addition to bank loans, the bond market is a strong medium- and long-term market channel for firms to call for investment. This market needs strong control to ensure fair and win-win outcomes.
Can you elaborate further?
Phat Dat always prioritizes “credibility” and as a result, investors have always had strong faith in the company’s growth. Even amidst difficulties in the real estate market, the investors have stayed firm and stood with it.
With the timely completion of the private bond placements based on investors’ commitments, Phat Dat will tap a strong resource to boost its cash flow.

Phat Dat Real Estate Development JSC board of directors for 2023-2028 tenure. Photo courtesy of the firm.
Through the ongoing “crisis” in the real estate and bond markets, what lessons has Phat Dat drawn in terms of business strategies, tactics and governance?
The key lesson for Phat Dat is to be flexible and adapt to the situation. In particular, we will focus on restructuring our investment portfolio and reassessing and streamlining its hierarchy to ensure efficient operations.
Phat Dat will divert its focus and efforts to real estate projects that match customers’ demand and budgets while controlling its cash flow and investment portfolio to achieve the best financial results.
While skilled workforce is a major factor for all businesses, Phat Dat goes beyond that to build a workforce sharing the same credibility, honesty, long-term commitment and responsibility as the company.
What are your plans on issuing shares to existing stakeholders?
We plan to issue shares equivalent to 20% of the number of outstanding shares towards the end of the next quarter.
Can you highlight some of Phat Dat’s experiences in completing legal formalities for its projects?
Phat Dat’s workforce boasts a strong legal capacity that ensures we meet legal requirements in a timely, correct and and transparent manner.
The projects we deploy always fulfill their legal requirements. They are located in clean land lots and deployment happens after all legal aspects are covered.
- Read More
Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant
Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.
Industries - Thu, August 7, 2025 | 8:03 pm GMT+7
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7
Philippine energy group eyes investment in Vietnam’s power sector
AboitizPower wants to invest in Vietnam’s electricity industry, especially in transmission infrastructure, said Danel Aboitiz, executive director of the corporation.
Energy - Wed, August 6, 2025 | 11:11 pm GMT+7