DAI QUANG MINH REAL ESTATE INVESTMENT CORPORATION

DAI QUANG MINH REAL ESTATE INVESTMENT CORPORATION (Vietnamese name: CÔNG TY CỔ PHẦN ĐẦU TƯ ĐỊA ỐC ĐẠI QUANG MINH) is a large-scale, asset-heavy real estate investor deeply embedded in Vietnam’s urban development landscape. The company was registered on 22 March 2011 under Business Registration Number / Tax ID: 0310713219 and operates as a privately held joint stock company headquartered in Thu Thiem, Thu Duc City, Ho Chi Minh City—one of the country’s most strategic and capital-intensive urban zones.

Unlike volume-driven developers, Dai Quang Minh’s profile is defined by balance-sheet depth rather than sales turnover. As of 2024, the company controlled total assets of approximately USD 1.85 billion and equity of USD 562.7 million, placing it among the most capitalized private real estate entities in Vietnam. This scale reflects a long-term investment strategy centered on land development, infrastructure-linked projects, and high-value urban assets rather than short-cycle residential trading.

Governance is tightly aligned with Vietnam’s leading industrial capital. The company is chaired by Tran B. D., with day-to-day operations led by Nguyen H. T. Ownership is dominated by Truong Hai Group Corporation (THACO), which holds 77.5%, underscoring strong backing from one of Vietnam’s most prominent private conglomerates and providing access to long-term capital and execution capacity.

Financially, Dai Quang Minh presents a counter-cyclical real estate profile. While 2024 sales declined sharply to USD 44.6 million, net profit remained positive at USD 21.9 million, and working capital expanded significantly to USD 380.6 million. This suggests controlled project timing, deferred revenue recognition, and a substantial liquidity buffer amid a challenging real estate cycle.

Overall, Dai Quang Minh should be viewed not as a fast-turnover developer but as a strategic urban asset holder, prioritizing capital preservation and long-horizon value over short-term revenue growth.