PDR’s ambitious goals are set against a backdrop of the company’s perception of a golden opportunity presented by the macroeconomic policies. The company’s prospects and potential are enhanced by macroeconomic movements, particularly the news of the merger of Binh Duong and Ba Ria-Vung Tau provinces into Ho Chi Minh City, as the company owns a large land fund and multiple projects in the merging areas.
In addition, PDR believes that unblocking legal issues will play a crucial role in resolving stalled real estate projects and creating opportunities for restructuring and sustainable development in the market.
PDR is currently implementing a sales plan for the Quy Nhon Iconic project, with the necessary legal procedures and basic infrastructure in place. Simultaneously, the Thuan An 1&2 project in Binh Duong is in the final stages of completion before its official launch.
Also located in Quy Nhon City, the Q1 Tower project is being expedited for an early launch. PDR anticipates that this project can be operational by the end of 2025, generating a stable cash flow from hotel operations.
Apart from real estate development, PDR will review previously initiated organizational restructuring projects this year to enhance the company’s organizational capabilities, operational speed, and management quality.
The Board of Directors acknowledges that PDR’s current human resources can meet immediate needs. However, to accelerate growth and achieve higher targets, the company requires effective strategies and a more capable workforce.
Recapping 2024, PDR fulfilled its land use fee obligations for the Quy Nhon Iconic project in November and launched the first phase in December. Earlier, in April, the company obtained construction permits for both phases of the Thuan An 1 and 2 projects, enabling the construction of necessary components for business operations in 2025.
According to the 2025 Annual General Meeting documents, PDR’s total land fund has exceeded 6,198 hectares, including nearly 4,379 hectares of self-developed land, almost 41 hectares of linked development land, and 1,779 hectares for industrial parks independently developed by PDR.
Among the self-developed land, Quang Ngai province accounts for the largest portion with over 3,113 hectares, followed by Danang with nearly 651 hectares. The remaining land is distributed across provinces and cities, including Binh Duong (over 316 hectares), Binh Dinh (nearly 160 hectares), Phu Quoc (almost 80 hectares), Ba Ria-Vung Tau (over 29 hectares), and Ho Chi Minh City (nearly 29 hectares).
In addition to its existing land funds, PDR is expanding into new areas in Lam Dong and the Mekong Delta region.
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PDR’s Current Land Fund Portfolio
Source: PDR
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Alongside expanding its existing land funds, PDR is venturing into new areas in Lam Dong and the Mekong Delta, aiming to diversify its portfolio and tap into the potential of these regions.
Ha Le
– 10:58 06/06/2025
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