In the first half of 2025, BIM Land recorded a revenue of 2,700 billion VND, a 20% increase compared to the same period last year. Notably, real estate business revenue increased by 7%, while hotel and related services revenue grew impressively by nearly 30%, thanks to the rebound in the tourism market and the expansion of hotel scale.
In terms of real estate business, sales (nominal revenue) surged by 150% year-on-year. During this period, the company introduced several key projects, including Thanh Xuan Valley, SkyM, and Sora Bay, while officially launching the 5-star InterContinental Halong Bay resort in July 2025, attracting significant market attention.
BIM Land shared that this is an investment-focused phase, and while the projects have not yet generated revenue, they are all nearing completion and are expected to contribute to the financial results starting from Q3 2025.
SkyM, a hotel-style apartment complex developed by BIM Land
|
In the hotel and related services segment, revenue for the first half of the year increased by 28%, with hotel occupancy rates rising to 51%, compared to 46% in the previous year. Additionally, two new hotels were inaugurated: Holiday Inn Vientiane and Soul Boutique Phu Quoc.
The gross profit for the hotel segment in the first six months more than doubled, with notable performance in Phu Quoc and Hanoi. The hotel revenue competitiveness index for the entire group stood at 1.28, 28% higher than the market average.
According to a survey by the Vietnam Real Estate Market Research and Assessment Institute (VARS IRE) and statistics from the Departments of Culture, Sports, and Tourism of various provinces and cities, during holidays and festivals, room revenue increases by 20-30% compared to the same period.
Notably, these destinations are among the top attractions for international visitors, such as Da Nang, Nha Trang, Phu Quoc, and Ha Long. As a result, the value of tourism and resort real estate in these localities is also gradually improving.
VARS IRE also noted that the demand for accommodation, resorts, and experiences stemming from the recovery of the tourism industry, along with the increase in international visitors due to the maintenance and expansion of visa waiver policies, has contributed to the recovery of key tourism and resort real estate markets.
Looking ahead, with positive factors expected to provide support in the coming periods, BIM Land anticipates strong profit growth in 2025, underscoring the company’s resilience and solid position in the industry.
Financial indicators reflect BIM Land’s long-term financial health, demonstrated by its maintenance of a strong capital base and positive progress in business operations.
Specifically, retained earnings after tax as of June 2025 amounted to over 2,379 billion VND, a 4% increase compared to the same period last year. Meanwhile, equity capital increased by 3.3%, from nearly 7,043 billion VND to over 7,275 billion VND.
As a member of BIM Group, BIM Land, headquartered in Bai Chay Ward, Quang Ninh Province, has developed numerous hotel and resort projects in Quang Ninh, Phu Quoc, Vinh Phuc, and Vientiane (Laos). With a focus on developing world-class projects that meet international standards, BIM Land maintains partnerships with leading global brands such as InterContinental Hotels Group (IHG), Hyatt Hotels & Resorts, The Ascott Limited, Sailing Club Leisure Group, and Frasers Property Group.
– 13:54 09/04/2025
The Auditors’ Warning to Duc’s Business Empire
“Ernst & Young Vietnam Audit Firm highlights a concerning issue in their recent report on Hoang Anh Gia Lai Joint Stock Company. The report reveals that the company’s short-term debt has surpassed its short-term assets by a significant amount, totaling over VND 2,767 billion. This disparity raises serious questions about the company’s ongoing operational viability and indicates a potential risk of insolvency.”
A Letter from the Boss: Reflecting on Coteccons’ 2025 Financial Year Performance and Generous Bonuses for High-Performing Staff
Coteccons is proud to announce its financial results for the fiscal year 2025. In a letter to all staff members, Ms. Nguyen Trinh Thuy Trang, Deputy CEO of Operations, shared the leadership team’s excitement about the company’s achievements.
Unlocking Revenue: FPT’s 7-Month Journey Surpassing 38 Trillion, Yet Aiming Lower for the Remaining Year
With a remarkable revenue of over 38,000 billion VND in just seven months, reflecting an 11% increase compared to the same period last year, FPT’s performance showcases its resilience and growth. The technology sector remains a key driver, yet FPT cautiously adjusts its growth targets as it navigates through new scenarios.
What’s Going On: After Recent Hiring Spree, The Gioi Di Dong Lets Go of Nearly 1,400 Employees.
Once a thriving powerhouse, the company has since seen a decline in its workforce, with a staggering loss of over 18,450 employees since its peak.
“TPBank: Leading the Way with Efficient Operations and a Pioneer Digital Ecosystem”
With a remarkable profit of over VND 4,100 billion in the first six months of 2025 and total assets reaching VND 428,600 billion, TPBank has not only sustained its robust growth but has also been recognized among the Top 10 most reputable private joint-stock commercial banks in Vietnam for 2025 by Vietnam Report. This testament solidifies TPBank’s standing as a frontrunner in the banking industry.
