In a financial report submitted to the Hanoi Stock Exchange, Dai Quang Minh Real Estate Investment Joint Stock Company announced a net profit of nearly 4.07 trillion VND last year. This marks a significant jump from 183 billion VND reported in the same period in 2024. The company's return on equity also surged from 1.1% to 12.6%.

By the end of last year, Dai Quang Minh's equity stood at over 32 trillion VND, nearly double that of 2024. Approximately 7.5 trillion VND of this amount represented undistributed after-tax profit, contributing to the company's strong financial position.

This robust financial performance stemmed from Dai Quang Minh completing 22 projects in one year. These projects served the needs of Truong Hai Group (Thaco) member units, alongside the simultaneous launch of several major projects in Hanoi, Da Nang, and Dong Nai.

2024 and 2025 mark the first two years Dai Quang Minh has publicly disclosed its profits. This move aligns with information transparency regulations following the issuance of a 1.5 trillion VND bond package late last year. This bond package constitutes a small portion of its nearly 35 trillion VND total debt, with most of the remainder being bank loans.

Established in early 2011, Dai Quang Minh is a key component of Thaco's business ecosystem. Data released mid-last year indicates Thaco holds a 77.5% stake in the company, while Thaco Chairman Tran Ba Duong's family owns 22.5%. Mr. Duong previously served as chairman and legal representative of Dai Quang Minh for a long period before handing over leadership to Tran Dang Khoa earlier this year.

Dai Quang Minh specializes in investing in and constructing infrastructure projects, including roads, seaports, railways, industrial parks, urban areas, and other real estate developments.

Investors view a perspective diagram of Dai Quang Minh's Sala urban area. Photo: Thaco

From the beginning of this year, the company adjusted its charter capital three times, increasing it from 18.2 trillion VND to 32 trillion VND by mid-5. This rapid capital increase coincided with the company's preparations for several large-scale projects, such as the Red River Landscape Boulevard Axis and metro lines connecting central Ho Chi Minh City with Long Thanh Airport. Earlier this year, the company also restarted a component project in the Sala urban area (Ho Chi Minh City) after an 8-year hiatus.

Tran Ba Duong has set ambitious targets for Dai Quang Minh, aiming to commence construction on 42 projects and complete 12 projects this year. Financially, the company targets 12 trillion VND in revenue and over 21 trillion VND in investment disbursement, with the goal of increasing sales to 37 trillion VND next year.