Ocean Group (OGC) has undeveloped land in prime locations, a project in Hanoi is expected to be launched soon

Ocean Group (OGC) recently held its annual general meeting, announcing its financial results for 2024, with revenue reaching 1.245 trillion VND and post-tax profit of 215 billion VND, surpassing plans. OGC is undergoing a comprehensive restructuring, focusing on three main sectors: real estate, hotels, and food production. Promising real estate projects in Hanoi and Ho Chi Minh City such as StarCity Westlake and Lega Fashion House are preparing for implementation. In 2025, OGC aims for revenue of 1.125 trillion VND with a cautious profit target of 61 billion VND. However, OGC expects to exceed this target thanks to profitable assets like the BOT Hanoi – Bac Giang investment and successful bad debt resolution. The group is actively collaborating with authorities to finalize legal procedures for these projects, with the project at No. 10 Tran Vu expected to launch first.