Phat Dat Real Estate Development Corporation | APEA - Asia Pacific Enterprise Awards Asia Pacific Enterprise Awards

CORPORATE EXCELLENCE CATEGORY

Phat Dat Real Estate Development Corporation

Information about the Company
Established in 2004 and listed on HOSE in 2010, Phat Dat is one of the leading real estate developers in Vietnam. Currently, its land bank accommodates a diversified portfolio across many locations. Typical projects amongst these markets are the branded The EverRich, luxurious buildings and Millennium in central Ho Chi Minh City, and large-scale urban projects.

PDR’s vision is to be the top property developer in Vietnam by owning leading brands. It aims to create a perfect living environment with unique architecture and outstanding quality to increase added value for customers, shareholders, and the community. It works by the core values of Creativity, Fairness, Respect, and Commitment.

Company Culture & Company Activities
PDR’s culture represents desirable traits that create the unique personality and character of PDR-ers, demonstrating the spirit and strengths that drive PDR-ers toward continuous thriving and creativity.

Phat Dat appreciates the qualities of initiative, reliability, and responsibility. The rightful benefits of the Company shall be protected with loyalty during cooperation with the stakeholders. The employees’ commitment and loyalty to the Company are highly valued. Mutual respect, collaboration, and support for the common goal among team members are encouraged. Social responsibility and community service shall be respected and carried out.

Phat Dat aims at building a professional working environment with a family spirit that highlights mutual coherence, understanding, and support. Every PDR-ers can be identified with Commitment, Integrity, Persistence, Responsiveness, and Result-Orientation.

Phan Dat will organize team-building annually in September for the PDR-ers. Besides, it also carried out CSR. In 2021, Phan Dat spent over VND50 billion on CSR.
Achievements & Impact
In 2021, Phan Dat has a total land holding of 5,804.45 ha, a target accumulated profit of VND14,270 billion, and a cumulative increase of 125.81% in share price and market capitalization. In the same year, Phan Dat’s equity reached VND8,145 billion, which increased by 57% compared to 2020; total assets reached VND20,552 billion, which increased by 32% compared to 2020; net profit after tax attributable to shareholders of the parent reached VND1,865 billion, which increased by 52.8% compared to 2020. At that time, the company had over 300 employees, and the average salary increase rate was 12.12%.

Being well aware of the role and mission in the common development of society, PDR always sets the criteria for sustainable development accompanying the growth strategy. It especially prioritizes Quality of Education, Clean water and sanitation, Clean and sustainable energy, Economic growth and sustainable jobs, Sustainable cities and communities, and Responding actions to climate change.

PDR has also set many new requirements to continuously improve its responsibility in sustainable development. For PDR, sustainable development begins with the Company’s core values and is the basic rule for all decisions and actions of an enterprise.

For a specific orientation, PDR actively implements the sustainable development goals under 3 pillars, which are accompanying local development, responsible development, and taking care of people.

Future Direction
From 2021, Phat Dat is shaping itself into a professional conglomerate with a diversified business portfolio with the core competency of project development. Besides the key sector of residential real estate, Phat Dat expands its business into industrial real estate and renewable energy sectors. This demonstrates flexibility in project strategy to diversify revenue sources, generating sustainable cash flow and a stable financial foundation.

By now, the structure Phat Dat set out has taken shape, a multi-level “fortress” and reinforcing sustainable PDR’s stance under the development strategy.

In the residential real estate sector, Phan Dat will continue to accelerate growth, accomplish all targets for the 2019-2023 period ahead of schedule, be ready for a 5-year plan, and set a 10-year vision. In the industrial real estate sector, Phan Dat implemented the first project in 2020 and is expected to generate revenue from the end of 2022. In the field of renewable energy, it carefully reviewed development facilities and came up with an approach since 2020 to be implemented when optimal conditions are met. It officially established the real estate trading business and the organizational structure is to begin operations in 2022.

CORPORATE EXCELLENCE CATEGORY

Phat Dat Real Estate Development Corporation

Information about the Company
Established in 2004 and listed on HOSE in 2010, Phat Dat is one of the leading real estate developers in Vietnam. Currently, its land bank accommodates a diversified portfolio across many locations. Typical projects amongst these markets are the branded The EverRich, luxurious buildings and Millennium in central Ho Chi Minh City, and large-scale urban projects.

PDR’s vision is to be the top property developer in Vietnam by owning leading brands. It aims to create a perfect living environment with unique architecture and outstanding quality to increase added value for customers, shareholders, and the community. It works by the core values of Creativity, Fairness, Respect, and Commitment.

Company Culture & Company Activities
PDR’s culture represents desirable traits that create the unique personality and character of PDR-ers, demonstrating the spirit and strengths that drive PDR-ers toward continuous thriving and creativity.

Phat Dat appreciates the qualities of initiative, reliability, and responsibility. The rightful benefits of the Company shall be protected with loyalty during cooperation with the stakeholders. The employees’ commitment and loyalty to the Company are highly valued. Mutual respect, collaboration, and support for the common goal among team members are encouraged. Social responsibility and community service shall be respected and carried out.

Phat Dat aims at building a professional working environment with a family spirit that highlights mutual coherence, understanding, and support. Every PDR-ers can be identified with Commitment, Integrity, Persistence, Responsiveness, and Result-Orientation.

Phan Dat will organize team-building annually in September for the PDR-ers. Besides, it also carried out CSR. In 2021, Phan Dat spent over VND50 billion on CSR.
Achievements & Impact
In 2021, Phan Dat has a total land holding of 5,804.45 ha, a target accumulated profit of VND14,270 billion, and a cumulative increase of 125.81% in share price and market capitalization. In the same year, Phan Dat’s equity reached VND8,145 billion, which increased by 57% compared to 2020; total assets reached VND20,552 billion, which increased by 32% compared to 2020; net profit after tax attributable to shareholders of the parent reached VND1,865 billion, which increased by 52.8% compared to 2020. At that time, the company had over 300 employees, and the average salary increase rate was 12.12%.

Being well aware of the role and mission in the common development of society, PDR always sets the criteria for sustainable development accompanying the growth strategy. It especially prioritizes Quality of Education, Clean water and sanitation, Clean and sustainable energy, Economic growth and sustainable jobs, Sustainable cities and communities, and Responding actions to climate change.

PDR has also set many new requirements to continuously improve its responsibility in sustainable development. For PDR, sustainable development begins with the Company’s core values and is the basic rule for all decisions and actions of an enterprise.

For a specific orientation, PDR actively implements the sustainable development goals under 3 pillars, which are accompanying local development, responsible development, and taking care of people.

Future Direction
From 2021, Phat Dat is shaping itself into a professional conglomerate with a diversified business portfolio with the core competency of project development. Besides the key sector of residential real estate, Phat Dat expands its business into industrial real estate and renewable energy sectors. This demonstrates flexibility in project strategy to diversify revenue sources, generating sustainable cash flow and a stable financial foundation.

By now, the structure Phat Dat set out has taken shape, a multi-level “fortress” and reinforcing sustainable PDR’s stance under the development strategy.

In the residential real estate sector, Phan Dat will continue to accelerate growth, accomplish all targets for the 2019-2023 period ahead of schedule, be ready for a 5-year plan, and set a 10-year vision. In the industrial real estate sector, Phan Dat implemented the first project in 2020 and is expected to generate revenue from the end of 2022. In the field of renewable energy, it carefully reviewed development facilities and came up with an approach since 2020 to be implemented when optimal conditions are met. It officially established the real estate trading business and the organizational structure is to begin operations in 2022.