Recently, Khang Dien Investment and Trading Joint Stock Company (HOSE: KDH) held an early-year information sharing session with investors, partners, and major shareholders to update the 2025 business results and discuss prospects for 2026.
According to the company, the preliminary net profit for 2025 exceeded 1,000 billion VND, meeting the set target despite the real estate market still being in a recovery phase. This result reflects Khang Dien’s ability to maintain stable operations, control costs, and manage cash flow effectively amidst market volatility.
In 2025, KDH achieved its profit target of over 1,000 billion VND.
For 2026, KDH projects a net profit of more than 2,000 billion VND, doubling the 2025 figure. The primary growth driver is the Gladia by the Waters project (11.8ha, Vo Chi Cong Street, Binh Trung Ward, Ho Chi Minh City) – a joint venture with Keppel, where Khang Dien holds a 51% stake. The company expects to complete sales and recognize profits from low-rise products in this project. Additionally, it will continue to sell remaining units in other existing projects in Ho Chi Minh City.
The Gladia by the Waters project, developed in partnership with Keppel, has garnered significant market interest.
Furthermore, the company is actively exploring investment, joint venture, and partnership opportunities for projects in Ho Chi Minh City with reputable domestic and international partners. These collaborations are expected to contribute significantly to cash flow and profits in 2026.
According to the company, the 2026–2027 period marks Khang Dien’s intensified focus on construction and commercialization of projects. The company is simultaneously developing four projects in Ho Chi Minh City with complete legal frameworks, covering a total land area of over 150ha. These include: Gladia Apartment Complex, Binh Trung Dong project (18ha), Project 11A (16.5ha, Binh Hung Commune), and the expanded Le Minh Xuan Industrial Park (109ha). These projects will supply approximately 6,000 high-rise apartments, over 1,000 low-rise townhouses and villas, and 60ha of industrial land, contributing to the company’s profits from 2026 to 2028.
In terms of financial obligations, Khang Dien ranks 25th out of 100 in the PRIVATE 100 list of Vietnam’s largest tax-paying private enterprises, as announced by CafeF. This ranking underscores the company’s operational scale and its commitment to fulfilling financial obligations to the state, serving as a benchmark for stability and compliance within the private sector.
Over nearly 25 years of development, alongside its business activities, Khang Dien has consistently engaged in community programs, contributing to the Covid-19 Vaccine Fund, providing scholarships and educational project sponsorships, and constructing or sponsoring hospitals, health stations, bridges, charity houses, and meaningful projects in various localities, thereby spreading humanitarian values.
Notably, Khang Dien has partnered with Ho Chi Minh City on numerous public space beautification projects, including sponsoring the Saigon Riverside Park (Thu Thiem side), beautifying Le Loi Street, repainting Ben Thanh Market, and enhancing key central streets such as Nguyen Hue, Dong Khoi, Ham Nghi, Hai Ba Trung, and landmarks like the Phu Dong Roundabout and Turtle Lake Roundabout, with completion expected before the Bính Ngọ Lunar New Year. These initiatives aim to improve urban landscapes for the public good and are integral to Khang Dien’s long-term development strategy, aligning with financial performance.
