Dien Phuc Thanh House Trading And Construction Company Limited (Vietnam)

Established in 2004, the subject has a long history of operation in the real estate sector in Ho Chi Minh City. Mr. Le Van Chien is a current Director cum Legal Representative of the subject. However, the reputation of this company is closely associated with a businessman - Mr. Nguyen Minh Tam (former Legal Representative cum shareholder). Along with the subject, Mr. Nguyen Minh Tam contributed capital to many other companies, creating Dien Phuc Thanh ecosystem. The subject is known as the investor of Phuc An Vien high-class cemetery park project in Long Thanh My Ward, Thu Duc City, Ho Chi Minh City (on an area of 186,539.1 square meters), a residential project in Long Truong Ward, Thu Duc City, Ho Chi Minh City (on an area of 149,391.7 square meters), a building complex project in Phu Huu Ward, Thu Duc City, Ho Chi Minh City (on an area of 16,667 square meters), a housing project in Phuoc Long B Ward, Thu Duc City, Ho Chi Minh City (on an area of 33,777 square meters), Centara Thu Thiem apartment project... A series of other projects such as Ricca, D'Lusso, Precia, Precia Riverside are still advertised by the subject as the developer. However, in reality, the D'Lusso, Precia, Precia Riverside projects are invested by Minh Thong Enterprise Real Estate Corporation. The Ricca project is invested by Tan Phu Construction - Trading - Service Company Limited. These companies are members of Dien Phuc Thanh ecosystem.According to press information, the group of companies in Dien Phuc Thanh ecosystem owned a land fund of nearly 40 hectares for decades, mainly in Thu Duc City. In addition, business activities are not too dependent on external loans. In general, the advantage of land funds accumulated from the time of cheap price is the factor that helps to create a competitive advantage in the market, especially in terms of price. A notable recent move in the group of companies in Dien Phuc Thanh ecosystem is that Mr. Nguyen Minh Tam has gradually divested his capital contributions in these companies and the charter capital is adjusted to decrease. The subject also sharply reduced its charter capital to VND 50,000,000,000, significantly affecting the level of capital commitment for the projects.In the context of the slow recovery of the real estate market due to the prolonged economic recession, the company's business operation needs to be observed more in the upcoming time.