TDG Group (Allgreen - Vuong Thanh - Trung Duong Limited Liability Company) announced that the additional 608 billion VND was raised from the personal funds of General Director Bui Ngoc Tuan.
The Maris Vung Tau has a total investment of over 8,000 billion VND. In its audited financial report for the first six months of the year, the company reported total outstanding debt of 4,858 billion VND, including 2,270 billion VND in bonds. The raised capital has reportedly been allocated to construction and project development.
By the end of 2024, the cumulative investment cost at The Maris reached 3,871 billion VND. In the beginning of Quarter III/2025, the company invested an additional 400 billion VND in construction, infrastructure, and internal utilities. During this period, an 800 billion VND contribution was also recorded from Mr. Bui Ngoc Tuan and Ms. Bui Thi Anh Tuyet, Deputy General Director, for construction investment activities. TDG Group stated that it is prioritizing the completion of sold villas and apartments for handover, corresponding to 1,523 billion VND in prepayments from customers.
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Perspective of The Maris Vung Tau project. Photo: TDG Group |
Perspective of The Maris Vung Tau project. Photo: TDG Group
In the first six months of the year, TDG Group reported revenue and after-tax profit of 65 billion VND, primarily from the partial handover of the phase one villa subdivision. The company expects this to be the foundation for the next phases of apartment and villa products in phase two, which are currently under construction and nearing completion before sales continue.
Regarding progress, TDG Group reported that the Alaric tower was topped off in February and is expected to be handed over in early 2026. The Polaris tower has reached the 5th floor, and the Atlantic tower has completed basement capping and construction continues in preparation for sales launch.
In parallel with construction, the company is completing several landscape and utility items and organizing experiential activities at the project. The investor hopes these activities will contribute to promoting local tourism, thereby increasing the value of the real estate products over time and creating good liquidity for investors.
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Apartment towers at The Maris Vung Tau are under focused construction, ensuring quality and progress. Photo: TDG Group |
Apartment towers at The Maris Vung Tau are under focused construction, ensuring quality and progress. Photo: TDG Group
TDG Group aims for a total cumulative revenue of about 13,000 billion VND (excluding the hotel subdivision) for The Maris Vung Tau. The revenue recognition plan is focused on 2026 (about 2,900 billion VND) and the beginning of Quarter II/2027 (over 4,000 billion VND).
(Source: TDG Group)
