Phat Dat awarded with the 2019 FAST500 – Vietnam’s fastest growing companies

Ho Chi Minh City, on 19 April 2019, PDR was officially ranked at 54^th of the Top 500 Vietnam Best Growth Companies voted by Vietnam Report in cooperation with VietnamNet.

The ranking is based on Vietnam Report’s independent research and evaluation which is based on CAGR on revenue and business performance. Accordingly, the criteria such as total assets, profit, ICOR, asset use efficiency, etc., were also adopted to identify the business scale and position in the ongoing fields.

Phat Dat’s recorded in 2018 great success in all business fields, project development, finance and human resources. The year recorded continuous growing revenue and profit after tax of VND 2,148 billion and VND 643 billion, respectively. Larger scale projects were launched in various regions, achieving a myriad of important partnership and cooperation relationship with the domestic and foreign partners, especially all bank loans are payed off.

Following the 2018 achievements, 2019 is accompanied with great prospects on business performance based on the new market expansion strategy in the Central coastal provinces, coupled with ownership of major land banks and reliable financial capacity. Several large-scale projects are in the pipeline to reap the market potential. With consistent and reliable strategy, the profit growth could surge from 20% to 25% in the next years.

At the Annual General Shareholders’ Meeting held on 30 March 2019, PDR announced a revenue target of VND 9,000 billion and profit before tax target at 1,000 billion with an aspiration to improve ranking position amongst the large-cap group while achieving best profit. In order to fulfill such ambitious objectives, Mr. Nguyen Van Dat – the CEO emphasized: “A series of measures will be initiated to focus on project development, improving our financial capability, human resources and the governance model. Accordingly, the plan on developing land bank, residential and urban township projects and new products in non-HCMC markets are the new features in the 2019 business strategy pursued by Phat Dat.”

Stepping into a new prosperous development phase, two factors boosting growth and prosperity were perpetually engaged by Phat Dat to succeed and sustain its position in the market. Extensive and intensive growth objectives are aimed at, while responsibility towards laborers and community were also put as top priorities. Furthermore, investment into social responsibilities was also increasingly concerned, promoting transparency in business, supporting local communities, protect the environment, reduce unemployment rate and creating jobs opportunities.