AsemconnectVietnam - Implementing the investment policy in the industrial park real estate sector, Ba Ria - Vung Tau Housing Development Joint Stock Company (Hodeco, code HDC - HOSE) plans to deploy investment in a series of industrial park clusters.

Hodeco approved the investment in Chau Duc industrial park clusters; Tan Hoi 3, 4; the industrial clusters will be invested in, managed and operated by newly established legal entities.
In addition, the Company also established Hodeco - Tay Ninh Company Limited at 471 Pham Van Dong, Hiep Hoa Quarter, Hiep Tan Ward, Hoa Thanh Town, Tay Ninh Province with a charter capital of VND200 billion. Of which, Hodeco owns 88% of the capital.
Also related to the industrial park real estate sector, at the 2025 General Meeting of Shareholders, Hodeco's leaders shared that the Company has had a long-standing orientation for the development of industrial park real estate. Recently, with the development in Ba Ria - Vung Tau, Ho Chi Minh City, Binh Duong and neighboring areas, there is great potential for industrial park real estate.
The Company has worked with a number of partners with experience in the field of industrial park real estate development, including Thua Thien Hue Construction Joint Stock Company (code HUB), Kinh Bac Urban Development Corporation - JSC (code KBC) ... as a basis for the Company to research and approach industrial parks in Ba Ria - Vung Tau, Tay Ninh and some other areas within the company's capital.
Currently, the land funds that the Company is targeting are clean land funds that do not require compensation and have partners and customers who are domestic and foreign investors investing in the company's industrial parks. The Company will approach, invest, and allocate capital effectively in investing in this industrial park real estate segment.
In terms of business activities, in the first quarter of 2025, Hodeco recorded revenue of VND98.97 billion, an increase of 16% over the same period, after-tax profit of VND13.65 billion compared to the same period, a profit of VND1.12 billion, an increase of VND12.53 billion. In which, gross profit margin improved from 17.2% to 36.9%.
In 2025, Hodeco plans to operate with revenue of VND1,459 billion and after-tax profit of VND424 billion, respectively 1.7 times and 6.3 times higher than the results achieved in 2024.
With a profit of VND13.65 billion in the first quarter of 2025, Hodeco has only completed 3.2% of its ambitious plan for 2025.
N.Nga
Source: VITIC/Tinnhanhchungkhoan