Project Description


Phat Dat Real Estate Development Corporation (PDR), formerly known as Phat Dat House Construction and Trade Joint Stock Company, was established in 2004. The Company has its main business in investment, construction and trade of houses, real estate properties, provision of tourist sites, hotel and resort services. The Company owns a large reserved of potential land lots located in strategic positions in Hochiminh city, Nha Trang, Quang Ngai, Phu Quoc…Some of its partners include (i) JSCBs such as Eximbank, ACB, Techcombank, MBBank, and SHB; (ii) hospitality companies such as Starwood Hotel and Resorts, and Marriott International; (iii) construction firms such as CotecCons, Bauer, Bachy Soletanche; and (iv) management consulting companies such as Meinhardt Australia. PDR has been listed on Hochiminh Stock Exchange (HOSE) since 2010.


  • Construction and sale of houses.
  • Real estate broker.
  • Construction of civil, industrial, bridges and roads.
  • Investment consulting, project formulation.


  • The company is the first unit to use the Burea Veritas quality certificate for high-end apartment projects and commercial centers and the first unit in Vietnam to use the famous Westin brand for the implementation of projects. luxury resort hotels in Cam Ranh, Hoi An, and Phu Quoc.
  • The company has built the brand Phat Datin in the field of high-end real estate business, especially The EverRich brand invested by the Company.
  • The company currently owns many potential land funds in prime locations in Ho Chi Minh City and other provinces and cities such as Nha Trang, Quang Ngai, Phu Quoc,…
  • Expanding business into industrial real estate with the first project in Cai Mep Port area (Ba Ria Vung Tau).


  • Being in the list of Top 10 real estate companies in Vietnam with leading brands.
  • In the short-term period, PDR plans to execute financial restructuring (reducing inventories and D/E by raising its charter capital) and develop condominiums for sale with shopping malls in Ho Chi Minh to ensure its revenue.
  • In a long-term period, PDR aims at promoting its brand – The EverRich to enhance its position in the real estate market in the South.


  • Free trade agreements have been signed recently, which lays a solid foundation for foreign direct investment to flow into Vietnam strongly. The rapid urbanization pace will also boost the demand for construction in the upcoming time. In addition, Vietnam government has issued policies to make the real estate market more transparent to attract more investors.
  • According to BMI, Vietnam Construction Industry will continue to grow in the coming years. In addition, strong FDI flow and economic recovery are expected to boost the construction of houses, factories and warehouses in Vietnam. These factors will actively impact Vietnam real estate


  • Risk of capital source and interest expense:  A characteristic of the construction industry is the demand for a sufficiently large & stable source of capital for timely completion of projects. For such a typical feature, companies in this field have to expose to risks related to capital such as the risk of insufficient funds or interest rate risk from borrowing activities.
  • Risk of settling payment: Typical features of the construction industry are long progress of completing products and delayed payments, while investors’ funding estimates may not be fully proportionate to the scale of works along with late disbursement, leading to the incorrect reflection of business effectiveness as well as revenues and profits of the Company recorded during accounting periods;
  • Risk of material source: Input factors in construction activities such as fuel, energy, construction materials, etc. tend to increase, resulting in influences on business activities.
     Risk of market and competition: The construction market is mostly reliant upon investment plans, volume and progress of buildings; meanwhile, the number of enterprises entering this industry is on the increase, which leads to more intensive competitiveness in the supply of products and services, as well as poses pressure on construction prices, revenue and profit of the Company.
  • Other risks: Activities in construction sites under natural environmental conditions may be affected by natural disasters and unexpected climate conditions, which can also result in bad effects on Company’s business activities.