HA AN REAL ESTATE INVESTMENT AND BUSINESS JOINT STOCK COMPANY

HA AN REAL ESTATE INVESTMENT AND BUSINESS JOINT STOCK COMPANY is a large-scale private real estate enterprise operating in southern Vietnam, with a strong asset base and close integration within a major domestic real estate group.

Legal status and corporate background

HA AN REAL ESTATE INVESTMENT AND BUSINESS JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN ĐẦU TƯ KINH DOANH BẤT ĐỘNG SẢN HÀ AN) is a privately held joint stock company, registered with the Binh Duong Province Department of Planning and Investment. The company was incorporated in February 2018and remains in active legal status. Its charter capital exceeds USD 400 million, with a very high level of paid-up capital, placing it among the capital-intensive real estate developers in the southern economic region.

Ownership structure and group affiliation

A defining feature of HA AN is its ownership structure. The company is almost entirely owned (99.99%) by DAT XANH GROUP JOINT STOCK COMPANY, one of Vietnam’s most prominent real estate development and brokerage groups. This ownership link positions HA AN as a core project vehicle within the Dat Xanh ecosystem, benefiting from group-level financing capacity, project pipelines, and sales networks.

Management and key personnel

The company is led by Mr. Nguyen C. N., who serves as General Director and legal representative. Executive leadership is streamlined, consistent with HA AN’s role as a project-focused investment and development entity rather than a diversified operating conglomerate.

Core business activities

HA AN’s principal business activity is the investment, development, and trading of real estate, including ownership and commercial exploitation of land use rights and property assets. While the company maintains a very broad list of registered business lines, ranging from manufacturing and mining to logistics and water transport, its actual operational focus is clearly centered on real estate development and property investment, aligned with its parent group’s core strategy.

General financial profile

Financially, HA AN operates at a very large balance-sheet scale. Total assets are close to USD 900 million, while equity exceeds USD 410 million, reflecting substantial capital backing and retained earnings. Annual revenue is approximately USD 90 million, and profitability remains solid, with net profit above USD 16 million.

At the same time, the company reports negative working capital, a common feature among large real estate developers due to advanced customer payments, project-based liabilities, and long development cycles. This structure underscores the importance of cash flow management and project execution timing, rather than short-term liquidity alone.

Market position and operational characteristics

With a registered head office in Binh Duong Province and a transaction office in Ho Chi Minh City, HA AN is strategically positioned within Vietnam’s most active real estate corridor. Backed by Dat Xanh Group and supported by a substantial equity base, the company represents a large-scale, project-driven real estate platform, where performance is closely tied to market cycles, project delivery, and the broader health of Vietnam’s property sector.