Van Phu Real Estate Development JSC reported a net revenue of 428.9 billion VND in Q2 2025, up 46%, and a post-tax profit of 148.8 billion VND, up 56%. Revenue mainly came from The Terra – Bac Giang project. Total assets reached 13.138 trillion VND, a 17.95% increase, driven by inventory and long-term assets in Vlasta – Thuy Nguyen and TT39-40 projects. Both projects have completed legal procedures, and customers have purchased 50% of the planned sale volume in 2025. Van Phu expects to earn approximately 2 trillion VND from these projects. The company is increasing its landbank in prime locations for sustainable development. Additionally, the New Marina Residences project in Ho Chi Minh City, with an investment of 1,218 billion VND, is expected to launch in Q1 2026. A BT project in Ho Chi Minh City has also been restarted, offering new growth opportunities for the company.
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