The Board of Directors of DIC Corporation (DIC Corp, HoSE: DIG) has announced the successful transfer of the Lam Ha Center Point residential project in the former Ha Nam area (now Ha Nam 1 Ward, Ninh Binh Province) for over 1.327 trillion VND (excluding VAT). The project is scheduled to be recorded in the third quarter of 2025’s financial results.
CEO Nguyen Quang Tin stated that the transfer of Lam Ha Center Point not only significantly contributes to the third quarter’s financial performance but also bolsters the company’s financial resources, enabling faster progress on key projects in Vung Tau, Can Tho, Dong Nai, and Phu Tho.
Launched in 2019, the Lam Ha Center Point project spans 13.6 hectares with a total investment of 2.115 trillion VND. It is one of DIC’s flagship projects for the 2021–2025 period.
The project is designed to offer 106 shophouses, 32 villas, 90 townhouses, and three mixed-use commercial and residential complexes ranging from 15 to 20 floors. It is expected to accommodate approximately 2,400 residents.
DIC Corp is projected to earn a profit of 484.4 billion VND from the transfer of the Lam Ha Center Point project.
Prior to the transfer, the Lam Ha Center Point project had completed all legal procedures, including adjustments to the 1/500 detailed planning, investor selection, land compensation and clearance, 100% land handover, environmental impact assessment approval, and feasibility study and basic design approval. Land allocation adjustments were also finalized.
According to the 2025 semi-annual financial report, DIC Corp has invested 815.6 billion VND in the Lam Ha residential project, a significant increase from the 233.6 billion VND at the beginning of the year. This positions the corporation to potentially earn a profit of 484.4 billion VND from the transfer.
The completion of the Lam Ha project sale is expected to significantly boost third-quarter financial results, substantially contributing to the company’s target of 718 billion VND in pre-tax profit for the year. In the first half of 2025, DIC Corp achieved only 5% of its profit plan, recording a pre-tax profit of over 38 billion VND.
As of the end of the second quarter, DIC Corp’s short-term customer deposits exceeded 3 trillion VND, an increase of 582 billion VND from the beginning of the year. The largest deposits came from customers in the Nam Vinh Yen new urban area, totaling 1.306 trillion VND, an increase of 82 billion VND. Deposits for the A2-1 apartment project in Chi Linh Center, Vung Tau, rose sharply from 843 billion VND to 1.289 trillion VND, while deposits for the Vi Thanh commercial residential project in Hau Giang (DIC Victory City) increased from 129 billion VND to 207 billion VND.
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Revised Introduction:
Hai ông lớn trong lĩnh vực bất động sản, Hải Đăng và Phát Đạt, đã công bố kết quả kinh doanh thiếu tích cực trong 6 tháng đầu năm 2025.
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