Vinhomes land portfolio at 18,152 ha for 30-year use: broker
Vinhomes JSC, the real estate arm of private conglomerate Vingroup, has a land portfolio of 18,152 hectares for developing property projects over 30 years, according to Shinhan Securities.
In a recent report, Shinhan Securities says Vinhomes’ land portfolio is much bigger than its competitors in the country. For instance, Novaland possesses 10,600 hectares, Development Investment Construction JSC has 8,000 ha, the Phat Dat Real Estate Development has 7,434 ha, and the Dat Xanh Group has 4,100 ha.

A corner of the Vinhomes Ocean Park project in Hanoi, northern Vietnam. Photo courtesy of Vinhomes.
The latest projects of Vinhomes since the start of 2023 include the 241ha Duong Kinh-Kien Thuy new urban area in Hai Phong city; the 197ha Hau Nghia-Duc Hoa urban area in Long An province; a 1,254 ha urban area near Cam Ranh Bay in Khanh Hoa province; an 88 ha Cam Nghia social housing area also in Khanh Hoa; and the 27 ha Dinh Vu-Cat Hai social housing area in Hai Phong city.
In Hanoi and Ho Chi Minh City, the two biggest economic hubs of Vietnam where land funds in inner areas are limited, Vinhomes’ combined portfolio reaches 5,489 ha.
Vinhomes, listed on the Ho Chi Minh Stock Exchange (HoSE) as VHM, earned a consolidated net profit of VND33.13 trillion ($1.36 billion) in 2023, up 14.9% year-on-year. Its consolidated revenue jumped 65% year-on-year to VND103.33 trillion ($4.23 billion), driven by deliveries of 9,800 low-rise apartments at the Vinhomes Ocean Park 2 and 3 projects in the east of Hanoi.
As of December 31, 2023, Vinhomes had total assets of VND447.36 trillion ($18.33 billion), up 23.6% from a year earlier. Its cash and cash equivalents rose 30.4% to VND14.1 trillion ($578 million).
VHM closed Wednesday’s trading session up 0.45% at VND44,400 per share ($1.8).
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