HONORABLE AWARDS
2024
TOP 10 PROPERTY DEVELOPERS REPUTATION AWARDS 2024
TOP 50 EMPLOYERS OF CHOICE 2024
VIET NAM CORPORATE GAVERNANCE 50
2023
TOP 100 EMPLOYERS OF CHOICE
Phat Dat Real Estate Development Corporation (HOSE: PDR) was honored in Top 100 Employers of Choice. This award was announced by the "Employer of Choice" program in 2023. Phat Dat excellently secured the 26th position in this list. Notably, Phat Dat further distinguished itself by clinching the 2nd position in the Top Real Estate – Leasing sector for medium-sized enterprises.
TOP 10 PROPERTY DEVELOPERS REPUTATION AWARDS 2023
PDR won 2023 Top 10 Property Developers Reputation Award for the 3rd time in a row (5th rank). The award is to honor enterprises with positive contributions to the overall development of Vietnam's real estate industry, based on the following criteria: (1) business results and financial capacity of each enterprise in correlation with industry standards, (2) survey results from experts and companies in the real estate market, as well as end-users, and (3) quantitative analysis of media credibility of these enterprises.
2022
INTERNATIONAL FINANCIAL AWARDS 2022
Phat Dat continues to be honored in the Real Estate category within the framework of the International Finance Awards 2022 with two awards: Best Investor Relations 2022 and Best Residential Community Developers 2022. The International Finance Magazine (UK) bestows this award annually to honor organizations with outstanding achievements and excellent developments from multiple industries around the globe. Being recognized for the second time at the IFA 2022, Phat Dat has once again proven its capacity and development potential to international observers.
REAL ESTATE ASIA AWARDS 2022 - RESIDENTIAL DEVELOPMENT OF THE YEAR VIETNAM
Phat Dat Real Estate Development Corporation is a winner of the Real Estate Asia Awards 2022 with the title of Residential Development of the Year – Vietnam, which was announced on 20th June 2022. Phat Dat surpassed other contestants and won the award with Astral City - dubbed the "City of the Stars," inspired by the brightest and most beautiful constellations in the Milky Way. The Real Estate Asia Awards is an annual program jointly organized by Charlton Media Group and Singapore's Real Estate Asia magazine across the Asia Pacific region.
ASIA PACIFIC ENTERPRISE AWARDS 2022 – CORPORATE EXCELLENCE
Phat Dat Real Estate Development Corporation was recognized with "Corporate Excellence" for its outstanding performance in business and its sustainability strategy with a high degree of social responsibility. The prestigious APEA is organized annually across 16 Asian countries and markets by Enterprise Asia – a renowned NGO for entrepreneurship and this is the sixth year APEA has honored Vietnamese organizations.
PROPERTYGURU VIETNAM PROPERTY AWARDS 2022
Phat Dat Real Estate Development Corporation excellently won recognitions in 10 critical categories of PropertyGuru Vietnam Property Awards 2022. This is Asia’s leading real estate award with its presence in 18 countries. - Best Boutique Developer - Special Recognition for CSR - Special Recognition for Building Communities - Special Recognition in ESG - Best Branded Residential Development - Best Residential Development (Quy Nhon) - Best High End Condo Landscape Architectural Design - Best High End Condo Architectural Design - Best High End Condo Interior Design - Best Waterfront Condo Development
TOP 50 CORPORATE SUSTAINABILITY AWARDS 2022
Phat Dat Real Estate Development Corporation was honored among the winners in the category of listed enterprises. “TOP50 Corporate Sustainability Awards 2022” is assessed based on the following criteria: stable growth, corporate culture, corporate governance, environmental stewardship and social responsibility.
TOP 10 PROPERTY DEVELOPERS REPUTATION AWARDS 2022
PDR won 2022 Top 10 Property Developers Reputation Award for the 2nd time in a row. The award is to honor enterprises with positive contributions to the overall development of Vietnam's real estate industry, based on the following criteria: (1) business results and financial capacity of each enterprise in correlation with industry standards, (2) survey results from experts and companies in the real estate market, as well as end-users, and (3) quantitative analysis of media credibility of these enterprises.
TOP 50 VIETNAM PUBLIC COMPANIES 2022
Phat Dat Real Estate Development Corporation was honored among the winners of Top 50 Vietnam Public Companies 2022. The annual ranking honors public enterprises exhibiting excellent financial health, media reputation, growth potential, sustainable development, competent management, and position in their respective industries. Thanks to its impressive growth, this Enterprise has won the award for the second time in a row.
TOP 50 VIETNAM BEST GROWTH 2022
Phat Dat is honored the 12th place in Top 50 Vietnam Best Growth in 2022. Annually published by Vietnam Report from 2015, Top 50 Vietnam Best Growth is to recognize 50 enterprises leading in business efficiency and sustainable profit growth while maintaining stable business performance during the 2015 – 2022 period.
VIETNAM’S 50 BEST-PERFORMING COMPANIES 2022
Phat Dat was once again honored in 2022's "Vietnam's 50 Best-performing Companies" (TOP 50) annually organized by Nhip Cau Dau Tu Magazine in collaboration with Thien Viet Securities with the consultation of economists and business experts in Vietnam and from Harvard Business School. TOP 50 evaluates businesses' results of three latest consecutive years, based on three indicators: revenue, return on equity (ROE), and earnings per share (EPS).
VIETNAM NO.1 BRAND AWARDS 2022
Phat Dat Real Estate Development Corporation (HOSE: DPR) has been named "Vietnam's No. 1 Brand Award 2022" by Asia Business Center in collaboration with international Entrepreneurs Clubs. The voting council evaluated and rewarded prominent brands based on global-standard criteria such as industry leadership, high-quality products and services, sustainable development, contribution to the Vietnamese economy, and a high spirit of social responsibility.
ASIA’S TOP 10 TRUSTED BRANDS AWARDS 2022
Phat Dat Real Estate Development Corporation was recognized in Asia's Top 10 Trusted Brands Awards 2022. The award was jointly organized by Asia Business Centre and Asia Ind's Information Promote Association (AIPA). The winners went through an evaluation process, satisfying the following criteria: brand prestige in the Asian market, quality products, sustainability, corporate social responsibility, and practical contribution to the regional economy, among others.
TOP 50 VIETNAM BEST PROFITABLE COMPANIES 2022
Phat Dat Real Estate Development Corporation proudly presents in Top 50 Vietnam Best Profitable Companies 2022 (Profit50). The rankings honor enterprises with excellent business performance and great growth potential. The winning companies also show constant innovation, flexibility and a high degree of social responsibility, contributing to the development and prosperity of Vietnam's economy.
VIETNAM’S TOP 10 IMPRESSIVE GROWTH BRANDS 2022
Phat Dat Real Estate Development Corporation was honored in "Vietnam's Top 10 Impressive Growth Brands 2022" organized by VnEconomy. This recognition was awarded as a result of the voting board' appraisal, industry survey, media evaluation, and readership for Phat Dat's outstanding achievements during the year.
TOP 50 NOTABLE M&A DEALS IN 2021
Phat Dat was honored in Top 50 Notable M&A deals in 2021 for the first time within the framework of the Vietnam M&A Forum 2022, organized by Vietnam Investment Review under the auspices of the Ministry of Planning and Investment. The award recognizes the most outstanding M&A deals of the Vietnamese business community in 2021.
TOP 100 VIETNAM BEST PLACES TO WORK 2022
Phat Dat Real Estate Development Corporation was honored in Top 100 Vietnam Best Places to Work 2022, in Top 10 Vietnam Best Places to Work in the real estate industry and in Top 50 Vietnamese Attractive Employers. The prestigious annual award, now in its ninth year, is organized by Anphabe under the sponsorship of Vietnam Chamber of Commerce and Industry (VCCI).
2021
World Finance Investment Management 2021
Phat Dat Real Estate Development Corporation is honored to be the Vietnamese winner of the World Finance Investment Management Awards 2021, which was announced on 6th December 2021. World Finance Investment Management Awards 2021 is a category of the World Finance Awards organized by the international magazine World Finance (UK), covering the fields of finance and investment. World Finance Investment Management Awards 2021 evaluates Phat Dat's ability to better analyze shifting trends and high adaptability with great flexibility to rapidly changing market, especially amid the devastating effects of the pandemic on the economy.
International Finance Awards 2021
International Finance Magazine (UK) announced the results of the International Finance Awards 2021. In the Real Estate Awards category, Phat Dat was honored with two awards: Best Investor Relations Vietnam 2021 and Best Residential Developers Vietnam 2021. The annual International Financial Awards recognizes financial institutions with outstanding achievements and excellent developments from multiple industries around the globe. Therefore, IMF assessment on Phat Dat is a reliable and accurate testimonial to Phat Dat's capabilities in the fields of investment and finance.
BCI Asia Awards 2020 & 2021
Phat Dat is proudly honored one of the Top 10 Developers in Vietnam for 2020 & 2021 within the framework of the BCI Asia Award 2020 & 2021. As one of the most prestigious awards in the Asia-Pacific region, BCI Asia Awards recognizes real estate investors and architectural firms with the most significant project value built in the year. The award is organized in seven Asian countries, including Hong Kong SAR, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Best Residential Real Estate Developer Vietnam 2021
As in the list announced by the UK's Global Banking & Finance Review (GBAF), Phat Dat is the only Vietnamese representative achieving Best Residential Real Estate Developer Vietnam 2021 - Real Estate Development Awards. This marks the very first time Phat Dat entering the prestigious award of GBAF. Initiated by Global Banking & Finance Review Magazine, the Global Banking & Finance Awards is a worldwide annual prestigious award in the Finance field to recognize financial, insurance, and real estate enterprises with outstanding innovations and development strategies that create inspirational changes within particular areas of expertise. Nominations in the various Awards categories are received from GBAF readership; then, the GBAF Judging Panel, comprising the research team, analytical organizations, specialized editors, etc., will carry out evaluation and select a winner in their reasonable judgment, based on the specific criteria set out by this 11-year-hailing prestigious award.
Vietnam Property Awards 2021
Phat Dat Real Estate Development Corporation earns excellent recognition from the Judge Pannel and convincingly wins in essential categories within the framework of the Vietnam Property Awards 2021: • Special Recognition in CSR - The Winner of the special award for corporate social responsibility. • Special Recognition in ESG - The Winner of the special award on environmental, social, and governance criteria. • Best Condo Landscape Architectural Design - The Winner. • Best Condo Architectural Design - Highly Commended. • Best Condo Development - Highly Commended.
Vietnam’s Best-performing Companies in 2021
"Vietnam's 50 Best-performing Companies" (TOP 50) is an annual prestige ranking developed by Nhip Cau Dau Tu Magazine in collaboration with Thien Viet Securities to honor the most effective companies on the Vietnam stock exchange. The ranking process took counsel from many economists and business experts from Harvard Business School and references from renowned worldwide rankings such as Bloomberg Businessweek, Fortune, and Forbes. To objectively assess the management capacity of enterprises, TOP 50 evaluates businesses' results of three consecutive years, based on three indicators: revenue, return on equity (ROE), and earnings per share (EPS).
Vietnam’s Best-performing Companies – A Decade’s Milestone 2010-2020
"Vietnam's 50 Best-performing Companies" (TOP 50) is an annual prestige ranking developed by Nhip Cau Dau Tu Magazine in collaboration with Thien Viet Securities to honor the most effective companies on the Vietnam stock exchange. The ranking process took counsel from many economists and business experts from Harvard Business School and references from renowned worldwide rankings such as Bloomberg Businessweek, Fortune, and Forbes. The Raking TOP50 has made its ten years successfully surveying and ranking companies (2010-2021). It’s has been ten years of pride, during which Vietnamese enterprises have been developing alongside continuous growth of the economy. Therefore, the TOP50 2021 honors many companies with a larger scale, higher market cap, and a strong growth rate - those worthy of the Nation’s pride.
Top 10 most reputable property developers 2021
Based on the results of independent research and assessment made by Vietnam Report, the ranking honors leading enterprises in terms of efficient business operations, effective developmental strategy, project development competency, considerable prestige in the sector, a valuable contribution to the sector’s mutual development, and well-earned reputation from the community.
Top 50 Prestigious and Effective Public Companies in 2021
Published annually starting from 2021, the Ranking of Top 50 Prestigious and Effective Public Companies (VIX50) is based on independent research and assessment of Vietnam Report in line with international standards and with consultancy of domestic and foreign experts. The Ranking honors public enterprises with a well-deserved reputation, effective and stable operation, and significant contribution to the development of Vietnam's economy.
Top 50 Vietnam Best Profitable Companies in 2021
Top 50 Vietnam Best Profitable Companies in 2021 (Profit50), independently evaluated by Vietnam Report following international standards, recognizes and honors top 50 Vietnam enterprises with excellent profitability while maintaining steady and sustainable business performance in 2020 - 2021.
Top 50 Vietnam Best Growth
Published by Vietnam Report since 2015, Top 50 Vietnam Best Growth is to recognize and commend 50 enterprises leading in sustainable profit growth with efficient and stable business performance during the 2014 – 2020 period.
Listed Enterprise With Qualified Information Disclosure On The Stock Market (Large Cap)
In June 2021, in the large-cap group, Phat Dat excelled in the Top 30 listed companies meeting the standards of information disclosure on the stock market within the framework of IR Awards Vietnam 2021. IR Awards comprehensively assesses IR activities of listed companies every year; the event conducts surveys, statistics, open voting among the investor community, and thorough evaluation from professional financial institutions. Information Disclosure Category of IR Awards recognizes listed companies that fully and promptly meet their annual information disclosure obligations through a comprehensive survey, as well as listed companies that meet stock market standards in information disclosure.
Top 10 Best Integrated Property Developers in 2021
In 2021, Phat Dat won Vietnam’s Top 10 Best Integrated Property Developers within the framework of Vietnam Outstanding Property Awards 2021 – an annual program of Nhip Cau Dau Tu Magazine since 2017. Based on a reliable voting method, Vietnam Outstanding Property Awards 2021 honors the true and sustainable values as well as the contributions of all real estate enterprises in Vietnam.
THE FIRST PRIZE IN TOP 10 BEST ANNUAL REPORTS 2020 (LARGE CAP)
Phat Dat Real Estate Development Corporation was honored with the First Prize in Top 10 Best Annual Reports 2020 for the large-cap group of the Vietnam Listed Company Awards, which are held annually by the Vietnam Investment Review in collaboration with HOSE.Featuring the theme "Beyond the Limits," PDR's Annual Report 2020 illustrates perseverance in the face of adversity to achieve breakthrough goals and scale new heights.
2020
Outstanding Progress in Corporate Governance
The Corporate Governance Awards is one of the main categories in The 2020 Viet Nam Listed Company Awards, jointly organized by the HCM City Stock Exchange (HOSE), the Hanoi Stock Exchange (HNX), Vietnam Investment Review Magazine, and Dragon Capital Fund Management Ltd. The awards are highly regarded for their thorough examination of one of the top criteria of enterprises' sustainable development - Corporate Governance. Therefore, the awards' winners must demonstrate the important, essential governance practices proximate to the national, regional, and global standards.
Top 10 Property Developers
"VIETNAM OUTSTANDING PROPERTY AWARDS 2020" - the prestigious awards organized by Nhip Cau Dau Tu Magazine since 2017, honor the true and sustainable values and acknowledge the dedication of real estate businesses in Vietnam. The program features 10 awards, of which Phat Dat has been named in the Outstanding Property Developers category.
The Bronze Winner of The International Business Awards®
The International Business Awards, one program of The Stevie® Awards, are the world's prestigious business awards, featuring various categories to recognize innovations, accomplishments, and positive contributions of organizations to the mutual socio-economic development. The 2020 competition - the 17th Annual International Business Awards®, attracted many big organizations in 63 nations.
Vietnam’s 50 Best-performing Companies
"Vietnam’s 50 Best-performing Companies” (TOP 50) is an annual prestige ranking developed by Nhip Cau Dau Tu Magazine in tandem with Thien Viet Securities to honor the most effective companies on Vietnam stock exchange. The ranking process took counsel from many economists and business experts who were Harvard Business School graduates, and we also referred to many prestigious rankings from renowned publications such as Bloomberg Businessweek, Fortune, and Forbes.To objectively assess the management capacity of enterprises, TOP 50 evaluates businesses’ results of three consecutive fiscal years, based on three indicators: revenue, return on equity (ROE) and earnings per share (EPS).
TOP 500 Fastest Growing Enterprises in Vietnam
FAST500 - the ranking of 500 fastest-growing enterprises in Vietnam - is based on the results of independent research and evaluation aligned with international standards, made by Vietnam Report with the consultancy from national and international experts and advisory councils. The ranking has been published annually since 2011 by VietNamNet News - a member unit of the Vietnamese Ministry of Information and Communications
Employer of choice 2020
Phat Dat is named an “Employer of Choice 2020” by CareerBuilder Vietnam - one of the world’s leading employment & recruitment network, in the following categories: • Top 10 Employers of Choice in Real Estate Industry • Top 20 Employers with impressive application experience • Top 100 Employers of Choice 2020 This result is a token of recognition for the efforts in recruiting, training, nurturing, and developing human resources with outstanding remuneration policies while constantly creating an ideal working environment for the employees.
2019
Top 10 Annual Report 2019 - Large Cap Category
The award is part of the annual Vietnam Listed Company Awards held by the Ho Chi Minh Stock Exchange, Hanoi Stock Exchange, Vietnam Investment Review and Dragon Capital. The award honors transparency, professionalism, creativity, good corporate governance and sustainable development. The large-cap category includes 50 companies with leading capitalization in the VNX50 index. The panel includes experts from the State Securities Commission of Vietnam, HOSE, HNX, Vietnam Security Depository, International Finance Corporation, Vietnam Investment Review, Dr. Tran Ngoc Tho, Dr. Dang Van Thanh and is examined by Big 4: Deloitte, Ernst & Young, KPMG, PwC.
Top 500 fastest - Growing enterprises
FAST500 - the ranking of 500 fastest-growing enterprises in Vietnam - is based on the results of independent research and evaluation aligned with international standards, made by Vietnam Report with the consultancy from national and international experts and advisory councils. The ranking has been published annually since 2011 by VietNamNet News - a member unit of the Vietnamese Ministry of Information and Communications
Vietnam’s 50 Best-performing Companies
“Vietnam’s 50 Best-performing Companies” (TOP 50) is an annual prestige ranking developed by Nhip Cau Dau Tu Magazine in tandem with Thien Viet Securities to honor the most effective companies on Vietnam stock exchange. The ranking process took counsel from many economists and business experts who were Harvard Business School graduates, and we also referred to many prestigious rankings from renowned publications such as Bloomberg Businessweek, Fortune, and Forbes.
Best Developer Ho Chi Minh 2019
Top 3 - Mid cap (IR Awards 2019)
2018
Vietnam's 50 best performing companies
Top 50 based on business result of the company in three years constant with three criteriars: revenue, profit, ROE and EPS. The results aimed to rating corporate governance.
Top 3 IR Awards 2018
IR Awards held by Vietstock, associated with Finance and Life Magazine – FiLi.vn in order to honor the listed companies that have the best investor relation (IR)
Certificate from Chairman of People's Committee of Hochiminh City
Phat Dat received award from Chairman of People Committee of Hochiminh City for their great perform in annual summer charity events, toward 25 years anniversary of this event (1994-2018)
Certificate from Chairman of People's Committee of Hochiminh City for contribution in social activities
With people-centered strategy, Phat Dat always focus on community and social welfare, towards sustainability development in the future.
Top 500 best profitable businesses in Vietnam in 2018
PROFIT500 - BILLBOARD OF TOP 500 ENTERPRISES WITH THE BEST PROFIT - based on result of research and independent evaluation according to international standards of Vietnam Report Company, which is periodically published from 2017 by VietnamNet Newspaper, with the advice of domestic and foreign experts - especially Prof. John Quelch, Former Vice President of Harvard Business School.
500 largest private enterrises in Vietnam
VNR 500 - Based on result of research and independent evaluation according to international standards of Vietnam Report Company, which is periodically published from 2017 by VietnamNet Newspaper, with the advice of domestic and foreign experts - especially Prof. John Quelch, Former Vice President of Harvard Business School.
2017
BCI Asia Awards 2017 (Top 10 real estate developers in Vietnam)
BCI Asia Awards are the most prestigious architecture award in Asian to honor real estate developers, architectural firms, manufacturers and service providers with outstanding performance. Highlighted with unique, distinctive projects that have a particularly positive effect on the community.
Best Vietnamese brand award in 2017
Phat Dat was selected in the Top Brands in real estate investment & construction for prestigious Vietnam construction enterprises who build Vietnamese consumption culture.
Certificate of the best financial indicator enterprise in 2017
The Certificate is in the Enterprise Qualification Program by VCCI, the Vietnam Business Forum magazine in association with Vietnam Business Enterprise Research and Development (Vietnam Economic Science Association) and the Association of Accounting and Auditing
Vietnam Property Awards 2017
The EverRich Infinity Project won the Best Luxury Apartment project award. The EverRich Infinity Project won the Runner-up in the Most Beautiful Architecture Apartment category. Millennium Project won the Best Retail Project; Millennium Project won the Best Luxury Apartment project
2016
Certificate from Chairman of People's Committee of Hochiminh City for contribution in social activities
With people-centered strategy, Phat Dat always focus on community and social welfare, towards sustainability development in the future.
2015
Certificate from Prime Minister of Vietnam
Certificate from Prime Minister of Vietnam, recognizing positive contribution in completing construction of My Loi Bridge, Highway 50 in Long An and Tien Giang province.
Certificate from People's Committee of Quang Ngai Province for contribution in social activities
With people-centered strategy, Phat Dat always focus on community and social welfare, towards sustainability development in the future.
2014
Bằng khen của UBND thành phố Hồ Chí Minh, UBND tỉnh Quảng Ngãi về hoạt đồng vì cộng đồng và an sinh xã hội.
Với chiến lược lấy con người làm trọng tâm, Phát Đạt luôn chú trọng các công tác vì cộng đồng và an sinh xã hội, hướng tới sự bền vững trong tương lai
2013
Best annual report award.
This is a prestigious award for companies listed on the Vietnam Securities Market. With voting criteria geared toward normalization, transparency, professionalism and creativity. The purpose is to improve the quality of information disclosure of listed companies and enhance the access to information of investors.
Certificate from People's Committee of Hochiminh City and Quang Ngai Province for contribution in social activites
With people-centered strategy, Phat Dat always focus on community and social welfare, towards sustainability development in the future.
2012
Best annual report award.
This is a prestigious award for companies listed on the Vietnam Securities Market. With voting criteria geared toward normalization, transparency, professionalism and creativity. The purpose is to improve the quality of information disclosure of listed companies and enhance the access to information of investors.
2011
BCI Asia Top 10 Awards
BCI Asia Top 10 Aswards recognizes the leading developers and architectural firms in the region, recognizing the importance of these units in their social orientation and their impact on the construction environment.
Best annual report award.
This is a prestigious award for companies listed on the Vietnam Securities Market. With voting criteria geared toward normalization, transparency, professionalism and creativity. The purpose is to improve the quality of information disclosure of listed companies and enhance the access to information of investors.
2010
Certificate from Chairman of People's Committee of Hochiminh City
Chairman of People's Committee of Hochiminh City commended Phat Dat Real Estate Development JSC for their achievements in participating in Association of Real Estate, actively contributing to the development of real estate market of the city in 2005 – 2010 term.
Certificate from People’s Committee of Ho Chi Minh City
People's Committee of Ho Chi Minh City commended Phat Dat Real Estate Development Joint Stock Company for their achievements in building and participating in the Association of Real Estate, contribute to the development of real estate market in the first term (2005 - 2010).
2009
Gold Cup in real state industry
The award in International Exhibition VietBuild 2009 to honor the business with strong brands and products in the field of construction industry.
Gold Medal for The EverRich Apartment at Vietbuild International Exhibition
The award in International Exhibition VietBuild 2009 to honor the business with strong brands and products in the field of construction industry.
Vietnam Golden Star award
Vietnam Golden Star Award is a prestigious award given by the Prime Minister. Ho Chi Minh Communist Youth Union Association and Vietnam Young Entrepreneurs Association in collaboration with other ministries, departments and localities held annually to vote and honor Vietnamese enterprises with leading brands in economic integration .
Propex Vietnam 2009 Award
The Propex Awards - Real Estate Company of the Year is an award in the Vietnam Real Estate Exhibition and Conference organized by Ho Chi Minh City Real Estate Association to honor businesses and individuals and outstanding projects in the real estate industry that have unique ideas and outstanding contributions to the development of the industry.
Mr. Nguyen Van Dat – Chairman cum CEO has been honored as one of the five Real Estate Star of the Year.
The Real Estate Star of the Year Award is an individual award dedicated to special characters who have unique ideas and contribute outstandingly to the development of the industry, promoting the dynamic development of real estate market in Vietnam in general and Ho Chi Minh City in particular.