Realty giant Phat Dat nets $52.7 mln from public offering for project development
Phat Dat Real Estate Development Corp, one of the leading property developers in Vietnam, has successfully raised VND1.34 trillion ($52.72 million) through a public offering to finance various projects.
Listed on the Ho Chi Minh Stock Exchange as PDR, the firm has completed the issuance of all 134.3 million shares to 23,945 investors at a price of VND10,000 ($0.39) apiece.

An illustration of the Bac Ha Thanh residential project in Binh Dinh province, central Vietnam. Photo courtesy of Phat Dat.
The proceeds will be used to finance the development of the 1.18-hectare Thuan An 1 and 2.65-ha Thuan An 2 residential complexes in the southern province of Binh Duong, along with urban subdivisions 2 and 9 at the Nhon Hoi ecotourism urban project and the 43.16-ha Bac Ha Thanh residential project, both located in the south-central province of Binh Dinh.
During the offering, PDR’s chairman Nguyen Van Dat, and his foundation, Phat Dat Holdings Company Limited, spent VND638 billion ($25 million) to maintain their 47.5% stake in the firm, with Dat holding 38.84%.
Nguyen Thi Minh Thu and Nguyen Tan, Dat’s daughter and son, have registered to sell a combined 1.7 million shares after acquiring them during the offering. With PDR shares priced at VND24,500 ($0.96) each, they would earn around VND42 billion ($1.65 million) from the sale.
In addition, the enterprise plans to issue another 313.6 million shares to raise its charter capital to VND10.52 trillion ($413.44 million), including 14.6 million shares under the employee stock ownership plan (ESOP), at VND12,000 ($0.47) apiece, and 131 million shares distributed from retained earnings.
The firm also has a $30 million loan from ACA Vietnam Real Estate III LP, disbursed in 2022. The loan can be converted into 34 million common shares from the outstanding principal at a price of VND20,000 ($0.79) apiece.
This year, the firm targets VND2.98 trillion ($117.08 million) in revenue, down 6% year-over-year, and VND880 billion in net profit, up 29%. In the first quarter of 2024, the company posted a net profit of VND53 billion ($2.08 million) on revenue of VND161 billion ($6.32 million).
- Read More
My Thuy deepwater port to become central Vietnam logistics hub
My Thuy Deepwater Port, once operational, will not only create a new growth pole for the central province of Quang Tri and serve as a gateway to the East Sea, but also become a regional logistics hub.
Infrastructure - Fri, June 6, 2025 | 8:00 am GMT+7
Vietnam's 5-month registered FDI hits $18.4 bln, up 51%
Registered foreign direct investment (FDI) in Vietnam hit $18.4 billion in the first five months of the year, up 51.1%, while disbursed capital reached $8.9 billion, up 7.9%.
Economy - Thu, June 5, 2025 | 6:52 pm GMT+7
Indonesia launches economic stimulus package to boost purchasing power
The Indonesian Government has rolled out an economic stimulus package worth IDR24.44 trillion (nearly $1.53 billion) to maintain consumer purchasing power and stabilize the national economy.
Southeast Asia - Thu, June 5, 2025 | 4:06 pm GMT+7
Vinhomes subsidiary to develop two industrial parks worth $383 mln in northern Vietnam
Vinhomes Hai Phong Industrial Park Investment JSC under Vinhomes, the housing arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), is expected to be the investor of two industrial parks worth VND10 trillion ($383 million) in the northern port city of Hai Phong.
Real Estate - Thu, June 5, 2025 | 3:54 pm GMT+7
Agriculture drives Indonesia’s economic growth
Agriculture is emerging as a key driver of Indonesia’s economic growth, especially in the first quarter of 2025, according to the latest report by the Indonesian Institute for Development of Economics and Finance (INDEF).
Southeast Asia - Thu, June 5, 2025 | 3:46 pm GMT+7
Vietnam's logistics heavyweight Gemadept plans over $38 mln buyback if shares plunge
Gemadept, Vietnam's leading port and logistics company, listed on the Ho Chi Minh Stock Exchange as GMD, plans to buy back 21 million shares, equivalent to 5% of its outstanding shares.
Companies - Thu, June 5, 2025 | 3:32 pm GMT+7
Vietnam, US to hold third round of reciprocal trade pact talks in first half of June
The third technical round of negotiations for a reciprocal trade agreement between Vietnam and the U.S. is expected to take place in the first half of June, as agreed by their trade ministers on Wednesday.
Economy - Thu, June 5, 2025 | 3:22 pm GMT+7
Housing developer Vinhomes, consortium partners win bid for $10 bln urban area project in central Vietnam
Vinhomes, the housing development arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), and its consortium partners have won the bid to develop a VND260.3 trillion ($9.97 billion) urban area project in the south-central province of Khanh Hoa.
Real Estate - Thu, June 5, 2025 | 12:15 pm GMT+7
Agriculture ministry proposes police probe into allegations C.P. Vietnam sold 'diseased pork'
The Ministry of Agriculture and Environment on Wednesday asked the Ministry of Public Security to investigate social media allegations that C.P. Vietnam, a subsidiary of Thailand’s food giant Charoen Pokphand Foods Public Company Limited (CPF), sold “diseased pork.”
Companies - Thu, June 5, 2025 | 8:32 am GMT+7
Vietnam a strategic manufacturing hub in Asia amid global supply chain reshuffle: exec
Vietnam has emerged as a strategic manufacturing hub in Asia amid the substantial restructuring of global supply chains, said Dhamcharee Varaporn, managing director of RX Tradex Thailand & Vietnam, a leading exhibition organizer.
Companies - Thu, June 5, 2025 | 8:00 am GMT+7
Vietnam's major developer Tan Hoang Minh wants to make Da Lat 'Asia’s most livable town'
Do Anh Dung, chairman of Tan Hoang Minh, on Tuesday proposed that authorities of Lam Dong province support the property developer in planning a 4,320-hectare smart urban area project in the resort town of Da Lat.
Real Estate - Wed, June 4, 2025 | 10:36 pm GMT+7
Vietnam’s economic landscape 'positive' amid global headwinds: Prime Minister
Vietnam’s socio-economic situation has been trending positively, with stable macroeconomic conditions, inflation under control, and major economic balances well maintained, says Prime Minister Pham Minh Chinh.
Economy - Wed, June 4, 2025 | 5:23 pm GMT+7
Unleashing the quantum power in banking
While quantum computing remains in its early stages, its potential to reshape the financial landscape is undeniable. Institutions that act now, by investing in research, forming strategic partnerships, and deploying pilot use cases, will be at the forefront of this transformation, writes Phillip Wright, COO at HSBC Vietnam.
Consulting - Wed, June 4, 2025 | 3:59 pm GMT+7
How Jardine Matheson expands footprint in Vietnam
From a quiet financial investment in 2008, Jardine Matheson, a diversified, Asia-focused investment company based in Bermuda, has steadily expanded its influence in Vietnam, one of Southeast Asia’s fastest-growing economies.
Companies - Wed, June 4, 2025 | 2:57 pm GMT+7
Vietnam, Japan see 'strong collaboration prospects in developing green, eco-friendly products'
Vietnam and Japan have vast potential for cooperation in the development of green and environmentally friendly products, said general secretary of the ASEAN-Japan Center (AJC) Kunihiko Hirabayashi.
Economy - Wed, June 4, 2025 | 12:16 pm GMT+7
Quynh Lap LNG-fired power project in central Vietnam seeks in-principle approval
The $2.15 billion Quynh Lap LNG-fired power project, located in Nghe An province, is drawing significant interest from both international and domestic investors.
Energy - Wed, June 4, 2025 | 9:28 am GMT+7