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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Data from last week indicate a shift in capital flows toward a short-term “risk-on” stance, with equity exchange-traded funds (ETFs) drawing strong net inflows globally while money moved away from defensive positioning into risk assets. U.S. equities extend gains amid ceasefire The U.S. stock market continued its upward momentum into…
At the 2026 annual general meeting held on the morning of April 16, 2026, Mr. Nguyen Van Dat, chairman of Phat Dat Real Estate Development Joint Stock Company (ticker: PDR), discussed the company’s proposal to relocate Ho Chi Minh City University of Technology from 268 Ly Thuong Kiet Street.
In response to shareholders’ questions, Mr. Dat said relocating universities, colleges, and hospitals away from the central area is necessary and aligns with government policy. He added that Phat Dat only participates in the proposal, while approval would be handled by competent authorities. “If Phat Dat does not proceed, another company will,” he said.
Previously, Phat Dat sent a letter to the chairman of the People’s Committee of Ho Chi Minh City proposing adjustments to the land planning at 268 Ly Thuong Kiet after the university relocation, to better match urban development directions.
The company said the relocation is not only a change of location, but also intended to address traffic congestion and support restructuring of the inner city. Phat Dat also stated that reducing student density in the central area is expected to ease pressure on existing infrastructure.
Phat Dat further described the area at 268 Ly Thuong Kiet as “golden land,” proposing a planning adjustment to support Ho Chi Minh City’s sustainable and modern development goals for 2026–2030. The company pledged to cover survey costs and preliminary feasibility study reports and said it has the capacity to implement the project.
Phat Dat said it is completing procedures to propose two build–transfer (BT) projects in Ho Chi Minh City with total investment of about 24,000 billion VND. The projects include a 1,000-bed hospital (9,000 billion VND) and an elevated road project (15,000 billion VND).
The company said infrastructure investment is key to accessing compensatory land and supports its long-term strategy.
Phat Dat is also seeking approvals to invest in industrial zones in Quang Ngai, Tay Ninh, and Dong Thap, with a total scale of over 2,000 hectares.
The company expects first-quarter profit of around 100 billion VND, mainly from project transfers.
For 2026, Phat Dat targets revenue of 8,830 billion VND and after-tax profit of 868 billion VND, up 69% from 2025.
At the meeting, Phat Dat approved plans to issue new shares to existing shareholders at 10,000 VND per share. If completed, the company expects to raise nearly 2,000 billion VND to strengthen working capital and invest in projects including Han Riverside (Da Nang) and Da Nang Centre Point.
Phat Dat said it is negotiating to acquire 35% of Eco Smart City (Thu Thiem new urban area) from Korea’s Lotte Group. If successful, the deal is expected to bring substantial benefits to the business.
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