In a recent resolution passed on June 3rd, the Board of Directors approved the allocation of VND 245 billion for the establishment of CEO Industrial Park Development Joint Stock Company (CEO IP). This adjustment replaces the initially planned investment of VND 105 billion in Phu Quoc Investment and Development Joint Stock Company. The remaining funds will be redirected from the working capital allocation.
CEO IP, established in early June 2025, is headquartered in Nam Tu Liem District, Hanoi, with a charter capital of VND 450 billion. CEO Group holds a 99% stake in the company, which operates in the industrial park development sector.
According to CEO, this adjustment aligns with their mid- to long-term strategy of diversifying their investment portfolio into the industrial park sector. The decision comes as revenue from real estate, a significant contributor, has significantly declined over the past three years. From over VND 2,100 billion in 2022, real estate revenue dropped to VND 576 billion in 2024 and approximately VND 50 billion in Q1/2025. Meanwhile, the service sector, including tourism and hotel management, has shown positive improvement.
As per the April report, CEO has disbursed over VND 1,600 billion, including VND 307 billion invested in the Sonasea Residences project, VND 200 billion in additional capital for CEO International Joint Stock Company, VND 51 billion in CEO Construction Joint Stock Company, and over VND 68 billion to supplement operating capital.
CEO’s strategic shift towards industrial real estate is aimed at diversifying its product offerings, stabilizing cash flow, and capitalizing on the global supply chain relocation and FDI waves, especially in green industries, high-tech manufacturing, and logistics.
 Source: CEO
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Tu Kinh
– 14:45 05/06/2025
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