Third Real Estate Company Surpassing 100 Trillion VND in Assets, Finalizes 45 Trillion VND Deal, and Contributes 22 Trillion VND to Budget – Exceeding 46 Provinces and Cities

VEFAC recently announced its 2024 financial report with net revenue of 4.6 trillion VND, a nearly 50% decrease from the previous year, while net profit soared by 117% to 942 billion VND thanks to increased financial revenues. As of the end of 2024, VEFAC’s total assets reached over 105.1 trillion VND, ranking just below two major real estate firms, Vinhomes and Novaland. Its assets mainly comprise of short-term receivables of 63.6 trillion VND and inventories over 22.1 trillion VND. VEFAC, a subsidiary of Vingroup, holds 83% of the capital and is also implementing a large property project with a total investment of 35 trillion VND. In 2024, VEFAC contributed 22 trillion VND to the state budget, exceeding that of 46 other provinces and cities, contributing to Vingroup’s total budget payment of 56 trillion VND.