Chairman of Đức Giang Chemicals (DGC) on Real Estate Project Expected to Earn 1 Trillion: ‘I Am Not Excited About Real Estate, But I Have Land So I Have to Do It’

At the annual general meeting of shareholders in 2025, DGC’s Chairman, Đào Hữu Huyền, discussed a real estate project in Long Biên expected to generate over 5 trillion in revenue, with about 1 trillion in profit from 1,000 apartments and 60 adjacent houses. He also mentioned transforming over 3 hectares of land in Hải Phòng into social housing, potentially yielding 300 – 500 billion in profit. While not enthusiastic about real estate, he is proceeding with the projects due to land ownership. He advised shareholders to hold onto their stocks, expressing optimism about the company’s future over the next five years. DGC reported 2024 revenues of 9.864 trillion and a net profit of 3.107 trillion.