This information was disclosed in the financial report of Thoi Dai Moi T&T Joint Stock Company submitted to the Hanoi Stock Exchange.

The company's business results last year marked a reversal compared to 2024. Thoi Dai Moi T&T recorded a pre-tax profit of 19,141 billion VND and a post-tax profit of 15,367 billion VND. In contrast, the company reported a loss of nearly 194 billion VND in 2024.

These results position Thoi Dai Moi T&T's profit significantly above most listed developers in 2025, trailing only Vinhomes (42,111 billion VND) and VEFAC, owner of the National Exhibition Center (15,400 billion VND).

However, the company's total liabilities also increased sharply, from 2,797 billion VND to approximately 120,000 billion VND, a seventeen-fold rise. Short-term payables accounted for nearly 70% of this, totaling over 82,700 billion VND.

Thoi Dai Moi T&T Company was established in late 2006, with its initial headquarters at 22 - 24 Hang Bai Street, Hoan Kiem, Hanoi, and a charter capital of 200 billion VND. By 2016, the company's capital had increased to 1,200 billion VND.

Thoi Dai Moi T&T is also the investor of the project on a prime land plot spanning over 4,000 square meters at 22 - 24 Hang Bai, Cua Nam ward, Hanoi, known commercially as The Grand Hanoi. This project has been developed into Vietnam's first branded apartment complex under the Ritz-Carlton brand. Masterise Homes, a member of Masterise Group, developed the apartment complex.

The Grand Hanoi apartment complex is located on prime land in the heart of the capital, bordering Hang Bai and Hai Ba Trung streets. Photo: BM Windows

Over one year ago, Hanoi City approved Thoi Dai Moi T&T's acquisition of a portion of the new urban area project in Xuan Canh, Dong Hoi, and Mai Lam communes, Dong Anh district, known commercially as Vinhomes Global Gate or Vinhomes Co Loa.

The transferred portion of this urban area to Thoi Dai Moi T&T has an investment value of approximately 30,360 billion VND, representing over 87% of the project's total investment capital. According to the agreement, the company received land for high-rise and low-rise residential construction, mixed-use buildings, and public land designated for business purposes, covering an area of approximately 75 hectares.

Anh Tu