Nearly half a million people living in billionaire Pham Nhat Vuong’s projects, nearly doubled in 4 years

According to Vinhomes (VHM) 2024 annual report, the number of residents in the company’s projects has reached nearly 493,000, up from 300,000 in 2021 and 425,000 in 2022. The increase is attributed to the delivery of major projects like Vinhomes Smart City, Ocean Park, and Grand Park. The brand value of Vinhomes is estimated at 1.4 billion USD, with a market capitalization of 6.4 billion USD, ranking 7th in the stock market. Vinhomes owns the largest land bank in the country, focused on strategic cities. In 2024, Vinhomes consolidated revenue reached 102.323 trillion VND, down 1% from 2023, but net profit reached 35.073 trillion VND, up 5%. The company will not distribute dividends in 2024, instead reinvesting profits into business operations. For 2025, Vinhomes targets revenue of 180 trillion VND and net profit of 42 trillion VND.