Vạn Xuân Group, a prominent real estate group in Vietnam, has undergone a remarkable journey since its inception in 2005 as Địa ốc Vạn Xuân, founded by Mr. Đoàn Văn Ninh (b. 1974) who served as the Chairman and CEO.
In June 2015, Địa ốc Vạn Xuân merged with CTCP Đầu tư Xây dựng Thương mại Hoàng Vinh and increased its charter capital from 12 billion VND to 70 billion VND.
By the end of 2016, the company was renamed Công ty cổ phần Tập đoàn Địa ốc Vạn Xuân, and its charter capital was further raised to 150 billion VND.
In February 2018, the company’s capital increased to 350 billion VND, and Mr. Đoàn Văn Hoạt (b. 1981) took over as the new CEO and legal representative.
Vạn Xuân Group continued its growth trajectory, raising its capital to 650 billion VND in May 2023 and officially reaching the milestone of 1,000 billion VND in August 2024.
Happy One Central, a project developed by Vạn Xuân Group, began handover in July 2024.
Today, Vạn Xuân Group has expanded into a diverse ecosystem, including companies such as CTCP Đầu tư Bất động sản Vạn Xuân Bình Dương, CTCP Đầu tư Vạn Toàn, CTCP Vạn Xuân Incons, and two new members introduced in July 2024: Vạn Xuân Service and Vạn Xuân Property.
According to its website, Vạn Xuân Group is the investor behind several notable projects, including Happy One Central, comprising two 40-story apartment blocks and three basements in Phu Hoa Ward, Thu Dau Mot City, Binh Duong Province; Happy One Premier in Thanh Loc Ward, District 12, Ho Chi Minh City; and Happy One Phu Hoa in Binh Duong Province.
The group has also developed numerous villa projects, including Vạn Xuân Đất Việt, Vạn Xuân Bắc Sài Gòn, VX Villa TX38, VX Villa TX39, and VX Villa Riverview.
In November 2023, Vạn Xuân Group pledged all rights and interests arising from its shares in CTCP Đầu tư Bất động sản Vạn Xuân Bình Dương to MB Bank’s An Phu Branch, with a remarkable asset value of 1VND (one Vietnamese Dong). This value does not apply in the event of enforcement of the pledged asset to recover the debt.
In March 2024, Vạn Xuân Group repeatedly pledged 30.6 million shares of CTCP Đầu tư Vạn Toàn at a foreign bank’s Ho Chi Minh City branch.
Additionally, in August and September 2024, CTCP Đầu tư Bất động sản Vạn Xuân Bình Dương, the company responsible for the Happy One Central project, pledged several apartment purchase/lease contracts with customers at MB Bank’s An Phu Branch.
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