“TDC Aims to Garner $30 Million from the Transfer of Lot E15 in the Hoa Loi Residential Area”

Becamex TDC and Global Corp signed a Term Sheet on July 21, 2025, marking a significant step forward.

Lot E15 is strategically located in the heart of the Hoa Loi residential area, with convenient access to major transportation arteries such as National Highway 13 and Binh Duong Boulevard. It is also adjacent to several key industrial parks, including VSIP II, My Phuoc Industrial Park, Mapple Tree, and Dong An 2, offering a vibrant and well-connected environment.

Location of Lot E15

The sale of Lot E15 is expected to generate an estimated revenue of VND 726.9 billion, encompassing both construction and infrastructure development. As per the consolidated financial statements for the second quarter of 2025, TDC reported long-term production, business, and unfinished development costs for Lots E15 and E19 in the Hoa Loi TDC residential area at just VND 354 billion by the end of June 2025.

Addressing the significant difference between the revenue and cost of goods sold for Lot E15, TDC representatives attributed nearly VND 320 billion of the VND 726.9 billion revenue from the transfer activity to the construction of housing and infrastructure.

The proceeds from the sale of Lot E15 will be strategically allocated by TDC towards three primary objectives. Firstly, expanding the land fund for residential and commercial purposes in areas surrounding Ho Chi Minh City. Secondly, accelerating the implementation of subsequent subdivisions within the Hoa Loi project, capitalizing on the investment appeal of Lot E15. And thirdly, investing in synchronous technical infrastructure, legal framework, and internal utilities to elevate the value proposition, attracting both residents and investors.

In terms of financial performance, TDC recorded gross revenue of over VND 634 billion in the first half of 2025, a remarkable 2.7 times higher than the same period last year. Real estate contributed the most to this growth, with revenue exceeding VND 206 billion, a 3.8 times increase, accounting for nearly 32% of total revenue.

Due to the incurrence of brokerage and other expenses, TDC‘s selling and management expenses increased by 25% and 36%, respectively. Consequently, the company’s net profit increased by 30%, amounting to over VND 65 billion.

As of June 30, 2025, TDC‘s total assets remained stable at over VND 4,400 billion, unchanged from the beginning of the year. Total receivables and inventory increased by 3% and 9%, respectively, reaching over VND 1,800 billion and VND 434 billion.

Meanwhile, payables decreased by 11% to over VND 2,900 billion, mainly due to a significant 82% reduction in deposits and reservations for projects, totaling just over VND 58 billion. Borrowings also witnessed a modest 2% increase, amounting to over VND 1,600 billion.

Thuong Ngoc

– 6:11 PM, August 15, 2025

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