On September 26, 2024, 5 million VDG shares of Van Dat Group JSC officially began trading on the stock market, with a reference price of VND 11,000 per share. Currently, VDG is at the ceiling price of VND 15,400 per share.
It is known that VDG was formerly known as Van Dat Architecture Group JSC, established by three founding shareholders in 2019 with initial charter capital of VND 50 billion.
The Company’s Board of Directors currently consists of three members, including: Chairman Tran Van Anh (born in 1977). Mr. Anh currently owns 3.05 million shares of Van Dat Group, equivalent to 61% of the Company’s total shares. In addition, the two remaining members of the Board of Directors include Mr. Guo GuoZheng and Mr. Tran Lam Hoang (independent member).
Initially, VDG registered its main business in the field of real estate business, ownership rights to land, and the purchase and sale of construction materials.
In the period of 2019-2020, the Company planned to contribute capital for joint ventures to develop small and medium-sized real estate projects. However, due to difficulties in project development and licensing, the Company only recorded revenue from the trading of construction materials during this period.
By 2021, to overcome this challenging period, the management reoriented the Company’s future development goals to take advantage of business opportunities in other industries and help the Company overcome its difficulties. In this year, the Company registered for many more industries and changed its name to Van Dat Group.
A year later (in 2022), VDG completed the acquisition of a 16% stake in Van Dat Textile Raw Material Production Co., Ltd., officially investing in the field of production from yarn and sewing thread products. Currently, the Company has completed the fabric weaving process and has supplied the first fabric products to the markets of Binh Duong and Ho Chi Minh City in 2021.
Photo: Van Dat Group representative shares future strategies.
Upon listing on the stock market, VDG shared that it has planned to issue shares to strategic investors to raise capital for business expansion. In the future, the Company plans to develop the functional food production sector, targeting the export market.
Notably, VDG has returned to developing real estate projects, specifically a project of adjacent villas in Binh Duong province. Recently, the Company announced that it has received approval for a new project in this area.
Specifically, the Van Dat Residence project has an area of 14,100 m2 and a total expected investment of over VND 252 billion. Of this, contributed capital accounts for 20% of the ratio with VND 50.5 billion, and the remaining VND 200 billion is borrowed capital.
In terms of business results, in 2023, VDG recorded net revenue of over VND 213 billion, up more than 30% over the same period last year. The Company’s after-tax profit reached nearly VND 2.6 billion, a decrease of over 19% compared to the previous year. The main reason for the profit decline was the increase in financial expenses and management expenses.
In 2024, VDG sets a target of VND 235 billion in net revenue, up 10%, and after-tax profit of VND 2.8 billion, up 9% compared to the performance in 2023.
In the first six months of this year, the Company’s net revenue reached VND 110.5 billion (up 35% over the same period in 2023), and after-tax profit exceeded VND 1 billion (down 13% over the same period last year).
