“A New Era for Văn Phú Invest: Unveiling Our Dynamic Leadership Change”

Van Phu Real Estate Development JSC (Van Phu Invest, code: VPI) has just announced a change in personnel.

Specifically, Van Phu Invest approved the dismissal of Mr. Trieu Huu Dai from the position of CEO according to his personal wish from June 6th.

According to Van Phu Invest, Mr. Trieu Huu Dai holds a Master’s degree in Business Administration and has over 20 years of experience in the construction investment industry, as well as over 15 years of management experience in organizations and enterprises in the field of construction and construction.

In June 2021, Mr. Dai was appointed as Deputy General Director and became the CEO of VPI two months later. At the 2022 Annual General Meeting of Shareholders, Mr. Dai was also elected as a member of the company’s Board of Directors.

On the other hand, Mr. Pham Hong Chau has been appointed as the new CEO of VPI since June 6, 2025.

Mr. Pham Hong Chau holds a Master’s degree in Accounting and has over 25 years of experience in the field of finance and investment. He has been a member of the Board of Directors and Deputy General Director of Van Phu Invest since 2017.

Previously, Van Phu Invest also appointed Ms. Phan Le My Hanh as Deputy General Director of the company for a term of 5 years from May 13th.

In terms of business results, according to the consolidated financial statements for the first quarter of 2025, Van Phu recorded net revenue of over VND 248.7 billion, up 96.6% over the same period last year. After deducting taxes and expenses, the company reported a net profit of over VND 142.2 billion, up 103.4%.

Thus, at the end of the first quarter of 2025, Van Phu has completed 10.2% of the revenue plan and 40.6% of the profit plan.

As of March 31, 2025, the company’s total assets increased by 13.6% compared to the beginning of the year, to over VND 12,654.7 billion. In which, inventory was nearly VND 3,511.7 billion, accounting for 27.8% of total assets; long-term assets under construction were nearly VND 3,450.2 billion, accounting for 27.3% of total assets.

On the other side of the balance sheet, total liabilities were over VND 7,430.1 billion, up 22.5% from the beginning of the year. Of which, loans and finance leases accounted for nearly VND 5,950.6 billion, or 80.1% of total debt.

The 2025 Annual General Meeting of Shareholders of Van Phu approved the 2025 business plan with financial indicators including a total revenue target of VND 2,450 billion and an estimated profit after tax of VND 350 billion.