GIALOCPHAT JOINT STOCK COMPANY

GIALOCPHAT JOINT STOCK COMPANY (Công ty Cổ phần Gia Lộc Phát) was established on November 10, 2004, headquartered at No. 2, Dinh Ngang Street, Hoan Kiem District, Hanoi. The company specializes in real estate consultancy, brokerage, and land-use right auctioning, while also engaging in construction investment and product distribution.

1. Corporate Background

With over 21 years in operation, GIALOCPHAT has evolved into a mid-sized private enterprise with a charter capital of USD 30.81 million and paid-up capital of USD 20.54 million. The company is chaired by Mr. Le D. H., who holds 48% ownership, and managed by Ms. Le T. K. Y., the General Director.

Despite a compact workforce of 40 employees, the company has diversified its operations beyond real estate into transportation, warehousing, and construction, supported by a regional branch in Tam Dao, Vinh Phuc Province.

2. Financial Overview

GIALOCPHAT’s recent financials reflect steady expansion and prudent capital use:

Highlights for 2023:

• Revenue: +14.47% YoY – reflecting growth in real estate and logistics operations.

• Profit: +106.2% YoY – doubling net income after a modest year in 2022.

• Assets: +5.94% YoY – increased project investment.

• Equity: +0.47% YoY – stable capitalization and retained earnings.

The company now holds total assets of USD 77.6 million, sales exceeding USD 100 million, and a net worth of around USD 19.15 million, marking it as a financially sound enterprise.

3. Business Operations and Diversification

Beyond real estate consultancy, GIALOCPHAT engages in:

• Construction investment as a project owner and developer;

• Distribution of RAL products and household goods;

• Transportation, warehousing, and logistics services;

• Shipbuilding, cargo handling, and inland freight transport.

This diversified approach helps mitigate real estate market fluctuations while taking advantage of Vietnam’s expanding infrastructure and logistics.

4. Ownership and Leadership

The shareholder structure shows strong domestic ownership:

• Le D. H. – 48%

• Nguyen N. T. – 15%

• Other shareholders – 36.9%

Under the leadership of Mr. Le D. H., the company has strengthened its investment activities in real estate and transportation development across northern Vietnam.

5. Market Context and Outlook

Vietnam’s real estate and logistics sectors are in transition, shaped by legal reforms and rapid urbanization. GIALOCPHAT’s expertise in land auctions and brokerage provides a competitive edge amid new transparency requirements. Its expansion into transport and infrastructure further reinforces its growth potential as Vietnam boosts investment in industrial parks and regional connectivity.

In summary, GIALOCPHAT JOINT STOCK COMPANY represents a stable, well-capitalized Vietnamese enterprise that has built resilience through diversification. With solid asset growth, consistent revenue performance, and seasoned management, the company remains well-positioned for continued expansion in Vietnam’s evolving property and infrastructure markets.