TASECO LAND INVESTMENT JOINT STOCK COMPANY

TASECO LAND INVESTMENT JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN ĐẦU TƯ BẤT ĐỘNG SẢN TASECO) – A Real Estate Developer with Strong Market Presence

Founded on 29 July 2009, TASECO LAND INVESTMENT JOINT STOCK COMPANY, commonly known as TASECO LAND, is a publicly held joint stock company operating under Business ID 0104079036. Headquartered at 1st Floor, NO2-T1 Building, Diplomatic Area, Xuan Tao Street, Xuan Tao Ward, North Tu Liem District, Ha Noi City, the company specializes in real estate development, property trading, and construction services. Listed on the Upcom stock exchange under the symbol TAL, TASECO LAND has established itself as a key player in Vietnam’s property market, with a workforce of 386 employees and representative offices in Thanh Hoa, Quang Binh, and Ha Nam.

The company is led by Pham N. T., who serves as Chairman, alongside Nguyen T. T. as General Director and Nguyen V. N. as Deputy General Director. TASECO GROUP JSC is its primary shareholder, holding 72.49% of the shares, with the remaining 27.51% owned by other investors. With a charter capital of USD 122.02 million, the company has successfully developed multiple real estate projects, focusing on modern residential and commercial developments.

Financially, TASECO LAND INVESTMENT JOINT STOCK COMPANY reported total assets of USD 383.06 million in 2024, reflecting a decline of 8.37% from 2023 due to market fluctuations and project cycles. Equity increased slightly to USD 173.54 million (up 2.11%), while sales dropped sharply by 47.98% to USD 69.2 million, indicating challenges in revenue realization. Despite the decline in sales, profit rose by 36.2% to USD 28.15 million, showcasing strong cost control and improved project profitability. Working capital of USD 168.02 million gives TASECO LAND a solid liquidity position to handle ongoing and future developments.

While TASECO LAND remains a prominent developer, the real estate sector in Vietnam is facing tighter financial regulations and fluctuating demand, which could pose both opportunities and risks. For investors, suppliers, and partners, assessing the company’s financial strength, legal standing, and project pipeline is essential.

Vanguard Business Information LLC (VBI) provides business verification services and risk management solutions tailored for real estate companies like TASECO LAND INVESTMENT JOINT STOCK COMPANY. By leveraging VBI’s detailed company reports, financial analysis, and credit risk assessments, stakeholders can minimize risks, ensure transparency, and make informed decisions when engaging with large property developers.