BRANCH IN HUNG YEN - VINHOMES JOINT STOCK COMPANY

Branch in Hung Yen - Vinhomes Joint Stock Company is a key player in the Vietnamese real estate sector. Established on April 27, 2022, and registered with the Hung Yen Department of Planning and Investment, the company has experienced significant financial growth over a short period. It operates as a branch of Vinhomes Joint Stock Company and is located within the Dream City Ecological Urban Area Project in Van Giang District, Hung Yen Province. The company is engaged in trading its own or rented properties and land use rights, a sector that has contributed significantly to Vietnam's booming real estate market.

The company has reported exceptional financial performance, reflecting its strong position in the market. As of the fiscal year ending December 31, 2023, Branch in Hung Yen - Vinhomes Joint Stock Company recorded total assets of approximately USD 10 billion, marking an 83.92% increase from the previous year. Its total sales surged by 139.7% to USD 3.47 billion, while net profits rose to USD 926.31 million, showcasing an impressive 69.83% year-over-year growth. These figures highlight the company's robust financial standing and its ability to generate substantial revenues in the real estate sector.

Ms. Pham Thi Lan Phuong, a Vietnamese national, owns the branch. Despite being a relatively young entity, Branch in Hung Yen - Vinhomes Joint Stock Company has successfully expanded its operations, bolstered by the real estate demand in Vietnam. With an equity valuation of USD 1.47 billion and a working capital of USD 1.36 billion, the company is well-positioned to sustain its growth trajectory and make further investments in property development.

As the company expands its footprint, its risk management strategies and financial stability become crucial. Vanguard Business Information LLC (VNBiS), a leader in business intelligence, provides insights into risk management, business information, and financial data, ensuring that companies like Branch in Hung Yen - Vinhomes Joint Stock Company have the necessary resources to make informed decisions. With such a strong financial foundation and strategic growth plan, Branch in Hung Yen - Vinhomes Joint Stock Company is set to remain a dominant force in the Vietnamese real estate market.