PHU MY HUNG DEVELOPMENT CORPORATION

PHU MY HUNG DEVELOPMENT CORPORATION (CÔNG TY TNHH PHÁT TRIỂN PHÚ MỸ HƯNG) is one of Vietnam’s most iconic and influential names in real estate development. Known for transforming District 7 in Ho Chi Minh City into a modern urban model, Phu My Hung Corp. has set the standard for integrated, master-planned communities in Vietnam.

Founded in 2008 and operating under business ID 0300604002, the company is headquartered on the 10th floor of the Lawrence S. Ting Building, right in the heart of the South Saigon new urban area it helped create. It is a joint venture between Phu My Hung Asia Holdings Corporation (70%) based in the Cayman Islands and Tan Thuan Industrial Promotion Company Limited (30%), a Vietnamese state-backed enterprise—underscoring the project’s global investment pedigree and domestic strategic importance.

In 2023, PHU MY HUNG posted remarkable revenue growth of 74.15%, reaching USD 223.36 million, while net profit rose 25.58% to USD 74.5 million. Although total assets slightly declined to USD 1.07 billion, the company maintained a robust working capital of over USD 173 million and a strong equity base of USD 428.6 million, affirming its financial resilience in a volatile real estate market.

With a portfolio centered around high-end residential, commercial, and mixed-use projects, Phu My Hung’s developments are synonymous with quality, lifestyle, and modern urban living. Beyond just building homes, the company shapes cityscapes—offering green spaces, education systems, international-standard hospitals, and retail hubs in a unified community framework.

Led by General Director Tseng Fan Chih, Phu My Hung continues to lead Vietnam’s urban development movement, not only as a real estate developer but as a city builder. Its brand is trusted by families, investors, and urban planners alike.

For more, visit www.phumyhung.com.vn or call +84 28 5411 8888.