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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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VinaLiving — the real estate brand under VinaCapital — posted a sharp decline in profit to a negative near VND 165 billion in 2025. In an information disclosure to bondholders, VinaLiving Holdings JSC said the 2025 net loss was about VND 164.7 billion. In 2024, they still earned a profit of about VND 582.5 billion. The loss reduced VinaLiving's equity by nearly 11% to around VND 1,345 billion. They still hold undistributed accumulated profits of more than VND 309 billion. A bright spot is that liabilities narrowed by 12% to VND 1,934 billion as of the end of 2025. Most of this consists of long-term customer prepayments — amounts that will be recognized as revenue when the company completes and delivers real estate to customers — along with other short- and long-term loans. Bank debt stood at over VND 177 billion, down 65%. Additionally, the company is issuing two bond tranches from late 2025, totaling VND 190 billion. Both have two-year tenors, with interest rates of 10.5-11% per year. Currently, the two bond issues have not yet reached their six-monthly interest payment dates. The villas at Maia Resort Quy Nhon, Gia Lai. Photo: VinaLiving Established in 2010, VinaLiving is a real estate development brand under VinaCapital. The unit has developed many residential resort projects with total investment exceeding USD 1 billion. Currently, VinaLiving has completed 11 projects, including The Ocean Villas Da Nang, Hoiana Residences, The Ocean Resort Quy Nhon (Gia Lai), The Garland (Ho Chi Minh City)... The company is developing villa segments at Salacia Villas (Ho Chi Minh City), River Mansion (Dong Nai) or Fusion Resort & Villas Da Nang (Da Nang). In addition to participating in the real estate market as an investor, this company also provides project management services for VinaCapital and investors, including research, solution consulting, project design and construction management, sales and marketing support. Additionally, VinaLiving has strengths in attracting capital from foreign partners. Its orientation is to focus on lower-rise products, targeting real housing needs with resort-like amenities. M&A is also a path to broaden the company's project portfolio. Tất Đạt

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