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On the afternoon of April 21, PAN Group held its 2026 annual General Meeting. During the discussion, a shareholder asked about the group’s land assets in prime locations across provinces and major cities, including Ho Chi Minh City, Hanoi, Da Nang, Nha Trang, and Dong Nai, and requested the management’s direction on how to utilize these assets to create further growth and benefit shareholders.
Chairman Nguyen Duy Hung said PAN indeed owns a large amount of land. He noted that PAN and its subsidiaries manage a “huge land fund” that is scattered across multiple provinces, including Ho Chi Minh City, Hanoi, Ben Tre, and Dong Nai. He also referenced that some units, such as Vinaseed or VFC sterilization, hold very large plots, and that when aggregated, the total land area is in the millions of square meters.
However, the chairman emphasized that PAN has no plan to pursue real estate projects. Instead, the group is prepared to cooperate with professional developers to exploit the land funds as efficiently as possible.
The chairman said it is expected that in 2026–2027, divestment or partnering to exploit some plots will bring a sizeable amount of cash to the group. PAN plans to use this resource to reinvest in its core production and business projects, with the aim of maximizing value for shareholders.
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