Real Estate Companies ‘Overcoming Difficulties’ Thanks to Financial Revenue

In Q2 2025, several real estate companies reported promising financial results despite a decline in revenue from core businesses. Specifically, Hodeco (HDC) achieved a net revenue of 80 billion VND, down 53%, but financial revenue surged to 72 billion VND, resulting in a net profit of 58 billion VND. CEO Group (CEO) also saw growth with a net revenue of 421 billion VND (up 8%) and a net profit of 39 billion VND (up 118%). Conversely, Hoang Quan Real Estate (HQC) reported a negative revenue of nearly 11 billion VND due to returned goods but still managed to earn 4.9 billion VND thanks to increased financial revenue. Similarly, Lideco (NTL) overcame losses with a net profit of 2 billion VND based on financial revenue from stock investments. Most companies set high revenue and profit targets for 2025, despite facing many challenges in their core business activities.