PDR February 2025 Newsletter: Phat Dat Seizes Opportunities for Sustainability

Phat Dat Real Estate Development Corporation (PDR) has just released its February 2025 Investor Newsletter, featuring key insights on macroeconomics, the real estate market, and the company’s latest activities.

In January 2025, Vietnam’s economy showed numerous positive signs, with the government targeting 8% growth and a strong influx of FDI into the real estate sector. Notably, Phat Dat has been proactive in anticipating a new market cycle, achieving robust development and promising prospects for 2025.

The real estate sector continues to show clear signs of recovery. In Hanoi and HCMC, property prices surged by 36% and 24% year-on-year, respectively. Binh Duong led the market in rental performance, with yields reaching up to 4.7%. Meanwhile, real estate inventory declined sharply by over 34% in Q4/2024, indicating strong market absorption.

Phat Dat delivered impressive results in Q4/2024, recording net revenue of VND 1,844 billion—more than 27 times higher than in 2023. Net profit reached VND 369 billion, marking the highest level in recent years, driven by the successful first-phase launch of Quy Nhon Iconic. This project is expected to remain a key highlight in the first half of 2025, with nearly 800 units set to hit the market.

Additionally, Phat Dat recently signed a strategic partnership agreement with Big Four Real Estate Investment & Strategic Consulting JSC in the development and sale of Thuan An 1 & 2. The strategic partner highly values Phat Dat’s reputation, legal expertise, and construction capabilities. Following key legal milestones anticipated in the first half of 2025, Phat Dat is poised to launch sales and recognize revenue soon.

High-speed construction at Thuan An 1 & 2 (Binh Duong)

Moreover, the company is actively expanding its partnerships with provinces to drive growth in both residential and industrial real estate. In January 2025, the authorities of Dong Thap Province met with Phat Dat and expressed strong interest in collaborating to accelerate investment and economic development projects in the province.

To execute its strategic plans for 2025, PDR announced the appointment of two new Vice Presidents in the first month of the year: Ms. Dang Viet Tu Uyen and Mr. Nguyen Huu. Having held multiple senior leadership roles at major corporations, Ms. Uyen brings to the table extensive experience in the real estate sector. Meanwhile, Mr. Nguyen Huu, an internal candidate with over five years at PDR, has held various management positions before being appointed to his current role. This decision reflects Phat Dat’s strategy of blending external expertise with deep internal understanding to drive the company’s long-term objectives.

View the full newsletter here.