Notably, this revenue figure surpasses the Company’s annual revenue for the period before 2023, indicating a clear market recovery and the project’s resilience.
In terms of total assets, the Company achieved a 25.5% growth compared to the beginning of the year, reaching VND 41,409 billion. The financial structure also improved, with the ratio of loan and finance lease debts to total assets decreasing to 18.5% from 24% in 2024. With a cash balance of over VND 1,700 billion at the end of Q2/2025, the Company ensures sufficient resources for operations and project expansion.
KNCC is the developer of the mega CaraWorld project in Cam Ranh, with a total investment of over VND 46,371 billion. Within the project scope, several components have been completed and operational, including the Wyndham Grand resort chain with 327 rooms and the 27-hole KN Golf Links, designed by the legendary Greg Norman.
In late 2024, CaraWorld introduced the Song Town subdivision to the market, featuring villas inspired by Moroccan, Greek, and Arabian architecture. This subdivision quickly gained traction due to its unique design, permanent ownership legal status, and strategic location near Cam Ranh International Airport. The Company is currently in the second phase of Song Town’s development, steadily progressing toward the goal of selling out all products in this subdivision by 2025.
Alongside business operations, CaraWorld continuously enhances its amenities to elevate the experience for residents and visitors. Numerous facilities, such as a beach park and restaurants, are now completed and operational. The project is expected to introduce additional entertainment and service amenities during the 2025–2026 period.
Notably, CaraWorld has been a hub for community events, sports activities, and entertainment, attracting a large number of guests, residents, and locals. These events not only promote the project but also add vibrancy and appeal to CaraWorld’s market presence.
The CaraWorld project is solidifying its position as a leading integrated resort and entertainment complex in Cam Ranh and has become a shining star in the real estate market amid the evident recovery trend.
– 13:09 05/09/2025
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