QUOC LOC PHAT JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN QUỐC LỘC PHÁT): Driving Luxury Real Estate Growth in Southern Vietnam

Rapid Rise in Assets and Profits

QUOC LOC PHAT JOINT STOCK COMPANY has quickly established itself as a powerful player in Vietnam’s high-end real estate development sector, particularly through its flagship project, The Metropole Thủ Thiêm. Founded in 2014 and operating under Business ID and Tax Code: 0312912428, the company is headquartered in Thu Duc City, Ho Chi Minh City. Over the past decade, it has grown from a relatively modest firm to a developer commanding national attention.

By the end of 2023, QUOC LOC PHAT JOINT STOCK COMPANY reported total assets of USD 944.8 million, up 34.67% from the previous year. This robust growth reflects aggressive investment and ongoing project development. Equally impressive is its sales revenue, which surged to USD 482.27 million, a 550% increase year-over-year. The company’s net profit hit USD 242.03 million, a gain of over 473%—one of the strongest profit leaps seen among private developers in Vietnam.

Legal Status, Capital Structure, and Leadership

As a privately held joint stock company, QUOC LOC PHAT JOINT STOCK COMPANY maintains a charter and paid-up capital of USD 61.6 million. The majority shareholder is TTSV Investment Company Limited, with 52% ownership, followed by Huong Viet Investment Consultant Corporation (20.85%), and Chairman Mr. Pham Quang Hung with a 10% stake. Foreign presence is also notable through ORBISTA PTE. LTD. (Singapore), holding 8% of shares.

The company’s leadership structure includes Mr. Pham Quang Hung as Chairman, Mr. Phung Huu Quoc Tuan as General Director, and Mr. Yun Hang Jin, a South Korean national, serving as Deputy General Director—indicating a blend of domestic leadership with international influence.

Real Estate Focus and Diversified Capabilities

QUOC LOC PHAT JOINT STOCK COMPANY is most widely recognized for developing The Metropole Thủ Thiêm, a luxury complex located in Ho Chi Minh City’s emerging financial district. Its registered business lines also include property leasing and trading, brokerage, site preparation, construction engineering, and auxiliary financial and architectural services. Additionally, it is licensed to engage in wholesale trade across machinery, electronics, and construction materials, highlighting its vertically integrated approach.

Such breadth of operations allows the company to maintain control across every stage of development, from land acquisition to property sales and after-sales service. This structure has likely contributed to its strong financial performance in 2023.

Monitoring Risk in High-Growth Real Estate

With aggressive expansion often comes increased financial exposure. Despite its success, QUOC LOC PHAT JOINT STOCK COMPANY reported negative working capital of USD -53.76 million—a potential red flag for short-term liquidity. For investors, suppliers, or contractors considering partnerships, verifying a company’s financial health is essential.

Vanguard Business Information (VBI) provides comprehensive tools for such verification, including access to private financials, risk reports, and shareholder transparency—especially important in sectors like real estate where debt and capital cycles fluctuate rapidly.

Outlook

QUOC LOC PHAT JOINT STOCK COMPANY continues to be a major name in Vietnam’s southern real estate market. Its 2023 performance demonstrated exceptional revenue and profit growth, supported by large-scale project execution and a diversified business model. However, stakeholders should remain vigilant and leverage third-party financial intelligence to track solvency and long-term sustainability. In Vietnam’s fast-paced property landscape, informed decisions are the foundation of successful partnerships.