In 2020, the industrial real estate segment witnessed a dynamic growth in many provinces across the country such as Dong Nai, Binh Duong, Long An, Hai Duong, Bac Giang etc., due to a shift in production from China. Vietnam received a lot of attention from international manufacturers thanks to its convenient location, low labor costs and wide international integration (especially after EVFTA). On top of that, the good control of the Covid-19 epidemic of the Government is also a factor that attracts foreign investors to Vietnam.
According to CBRE, the asking price of industrial real estate in the South increased by 20%-30%, and about 20% in the North compared to 2019. HCMC had the highest average rental of industrial zone land in Vietnam, reaching 160 USD/m2/term, with an occupancy rate of over 80%. In Hanoi, more than 60% of industrial zones are 100% occupied.
It is forecasted that in 2021 the demand for industrial real estate from both existing and new investors will continue to increase, due to the on-going trend of factories moving to Vietnam since the US-China trade war and the deployment of many logistics projects serving the industrial real estate segment.
Khang Dien House Trading and Investment Joint Stock Company, formerly known as a limited company, was established in December 2001 with a charter capital of 10 billion VND. In May 2007, Khang Dien officially became a joint stock company with a charter capital of 32 billion VND. In the same year, the company increased its charter capital to 216 billion VND.
In 2020, net revenue of Khang Dien reached more than 4,532 billion VND, up 61% over the previous year. The company’s net profit increased by 26% compared to the previous year, reaching more than 1,152 billion VND.
In 2020, Khang Dien set a business growth target with net revenue of 3,500 billion VND and profit after tax of 1,100 billion VND, up 24% and 20% respectively compared to 2019. This means the company exceeded 29% of the target revenue and achieved the target of profit after tax.
Along with positive business results, its net cash flow from operating activities also had a positive change from negative 164 billion VND to more than 165 billion VND, mainly due to the company's 36% reduction in inventory costs.
As of December 31, 2020, the total assets of the company increased by 5% compared to the beginning of the year, to 13,888 billion VND.
Nam Long Investment Corporation was established in 1992. Its headquarter is located in the complex of the new Financial - Trade - Service center of Ho Chi Minh City - Saigon South urban area, District 7. On April 8, 2013, the company was officially listed on the Ho Chi Minh City Stock Exchange with the trading code NLG.
In 2020, Nam Long’s net revenue reached 2,216.7 billion VND, down 13% over the same period. Its profit after tax reached 850 billion VND, down 15.6% compared to 2019. It is known that in 2020, the company set a net revenue target of 1,520 billion VND, profit after tax of 822 billion VND and dividend of 15%, so, by the end of 2020, it exceeded 46% of its revenue target and 3.4% of profit after tax target.
Phat Dat Real Estate Development JSC was established in 2004 and listed on HOSE in 2010 (Stock code: PDR).
In 2020, the company recorded the highest revenue & profit growth after 10 years of listing on HOSE. Its net revenue reached 3,911.21 billion VND, up 15% compared to 2019 and profit before tax was 1,540.22 billion VND.
In the first quarter of 2021, Phat Dat’s net revenue reached 586.1 billion VND. As of June 4, 2021, Phat Dat's market capitalization reached over 1.7 billion USD.
Vinhomes is the investor of many large projects in Vietnam. It is also a subsidiary of Vingroup. The company was formerly known as BIDV - PP Urban Joint Stock Company, established in early 2008 with an initial registered charter capital of 300 billion VND. Currently, Vinhomes is located at 458 Minh Khai Street, Vinh Tuy Ward, Hai Ba Trung District, Hanoi.
In 2020, its total consolidated net revenue reached 70,890 billion VND, up 37% over the same period in 2019.
The total consolidated net revenue including revenue from Vinhomes' operations, business cooperation contracts (BCC) and wholesale activities, which is considered as a financial income, reached 98,089 billion VND in 2020, up 43% compared to 2019.
On December 31, 2020, Vinhomes' total assets reached 214,937 billion VND and owner’s equity reached 89,685 billio VND, up 9% and 39% respectively compared to December 31, 2019.
Established on September 18, 1992 (formerly known as Thanh Nhon Trading Co., Ltd.), Nova Group operated in the field of manufacturing and trading veterinary medicine, aquatic medicine, building villas for rent. In 2007, the Group was restructured and divided into 2 groups, namely Anova Corp and Novaland Group.
Currently, Novaland has a total charter capital of 9,695 billion VND (as of December 31, 2019). The company recorded net revenue of more than 5,000 billion VND in 2020, halving over the same period (10,931 billion VND).
The company’s net profit from business activities also increased sharply from 592 billion VND in 2019 to 5,049 billion VND, and profit after tax increased slightly from 3,387 billion VND to 3,906.5 billion VND.
As of December 31, 2020, the company has 85 subsidiaries and 8 affiliated companies. At the same time, Novaland’s total assets increased by 54,557 billion VND to 144,536 billion VND while inventories increased sharply from 57,209 billion VND to nearly 86,868 billion VND.
Ha Do Group, formerly known as the Center for Science, Technology and Defense Industry under the Ministry of National Defense, became a joint stock company in 2004, whose main business activity is real estate.
As of December 31, 2020, Ha Do's total assets reached more than 14,000 billion VND, a slight increase compared to the beginning of the year. Its inventories was 1,642 billion VND, halved compared to the beginning of the year while cash and cash equivalents, and bank deposits reached more than 500 billion VND.
At the end of 2020, the company had short-term debt of 700 billion VND and long-term debt of 5,868 billion VND.
Saigon VRG Investment Corporation was established on October 24, 2007. It was a member unit of Vietnam Rubber Industry Group.
The company specializes in the development and construction of industrial parks, residential areas and commercial centers. Total investment capital of Saigon VRG is estimated at 200 million USD, which is focused on developing and managing projects in the southern key economic zones of Vietnam.
In 2020, Saigon VRG recorded a net revenue of more than 5,088 billion VND, an increase of 17% compared to the previous year. Excluding expenses, the parent company's profit after tax was approximately 1,118 billion VND. This is the highest profit in the company's history.
Vietnam Construction and Import-Export JSC Corporation (Vinaconex), formerly known as Foreign Service and Construction Company, was established on September 27, 1988. On November 20, 1995, Vietnam Construction and Import-Export JSC Corporation was established. On May 13, 2004 it was selected as one of the first State Corporations to pilot the equitization. On November 27, 2006, the General Meeting of Shareholders to establish the Corporation was conducted and Vinaconex was officially put into operation in the form of a Joint Stock Company.
Consolidated data in 2020 showed impressive changes when the company’s pre-tax profit reached 2,126 billion VND, 2.2 times higher than 2019. Its consolidated profit after tax reached 1,690 billion VND, which is 2.15 times over the same period.
Industrial Development and Investment Corporation - JSC (Becamex IDC Corp) was established in 1976.
Currently, the corporation has 19 member companies and associates operating in the fields of logistics, construction, trade, real estate, services, telecommunications - information technology, building materials, mining, healthcare and education.
In 2020, Becamex’s net revenue reached 7,723 billion VND, down 6% compared to 2019. Cost of goods sold decreased by 7.3%, so gross profit from sales and service also decreased by 4.1%, reaching 3,249 billion VND. The company's profit after tax reached 2,149 billion VND, down 18.3% compared to 2019.
By the end of 2020, its total assets were 48,191 billion VND, an increase of 10.7% compared to the beginning of the year.
Viglacera Corporation was formerly known as the Ceramic Tile Company, established in 1974. During its operation, the Company has changed its name and operating model many times. In 1993, Construction Glass and Ceramic Corporation was established. In 2006, the Corporation was renamed to Viglacera Corporation, operating under the model of parent company-subsidiary. The corporation officially operated in the form of a joint stock company according to the Certificate of Registration No. 0100108173 issued by the Department of Planning and Investment of Hanoi issued on 22/07/2014.
In 2020, Viglacera recorded revenue of 9,413 billion VND, profit after tax of 665.4 billion VND, down 7.2% and 12.4% respectively compared to 2019.
As of December 31, 2020, Viglacera's total assets increased by 8.6% compared to the beginning of the year, to 21,51.9 billion VND. In particular, the main assets were investment real estate with 5,484.4 billion VND, accounting for 25.5% of total assets; long-term unfinished assets was 3,851.6 billion VND, accounting for 17.9% of total assets; fixed assets was 3,802.1 billion VND, accounting for 17.7% of total assets; inventory was 3,601 billion VND, accounting for 16.7% of total assets; and cash and cash equivalents was 2,023.7 billion VND, accounting for 9.4% of total assets.
Vietnam Real Estate Industry 20201
VietnamCredit
