Việt Nam News

Private developers lead way in VN

April 02, 2016 - 14:06

Seven in 10 of the most prestigious property developers in Việt Nam are private enterprises, with the top three being property developers with headquarters in Hà Nội, the Vietnam Report has announced.

HCM CITY – Seven in 10 of the most prestigious property developers in Việt Nam are private enterprises, with the top three being property developers with headquarters in Hà Nội, the Vietnam Report has announced.

According to the report carried out by the Vietnam Report Joint Stock Company from February 2015 to February 2016, the top 10 prestigious property developers were Vingroup Joint Stock Company, FLC Group Joint Stock Company, Hòa Phát Group JSC, Viglacera Corporation, Novaland Group, Hà Đô Group, Urban Infrastructure Development Investment Corporation, Him Lam Corporation, Hòa Bình Company Limited, and Phú Mỹ Hưng Development Corporation.

The report also listed the top five prestigious real estate consulting and brokerage firms in 2016, led by well-known brokerage Đất Xanh Real Estate Service and Construction JSC.

Following Vingroup on the list were Sài Gòn Thương Tín Real Estate Joint Stock Company and two FDI consulting companies CBRE Vietnam, and Savills Vietnam.

Hải Phát Investment JSC is the only Hà Nội – based company on the list.

Vietnam Report also announced polling results of property enterprises on business prospects in 2016.

All respondents said that 2016 revenue would be higher than 2015. Eighty-three per cent expected revenue to increase sharply in 2016, and the remaining 17 per cent only a little.

The Vietnam Report is an independent research report, developed based on scientific and objective principles. Companies are evaluated and ranked based on criteria of finance and media reliability.

Data on project numbers, progress, rate of successful transactions, price of sales, and others, were used as complementary elements.

“Companies named on the lists all have stable financial capability, have development and business experience, and have made great contributions to general development of the entire Việt Nam’s real estate sector,” the report said. -- VNS

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