PDR

PDR has approved the transfer of its entire 99.34% stake in Serenity Investment, the subsidiary holding the Serenity Phuoc Hai project, at a price not lower than cost. The move follows a recent VND 982.3 billion capital injection and the project's detailed planning approval. Investors should monitor the transaction's completion and impact on PDR's asset base.

PDR board approves divestment of its entire 99.34% stake in Serenity Investment JSC, with the deal value undisclosed but estimated at up to 3,000 billion VND. The move is part of a restructuring strategy to concentrate resources on priority projects in 2026, following a recent 900 billion VND deposit with Lotte Properties for the Thu Thiem Eco Smart City project.

Multiple Vietnamese real estate companies including Vinhomes (VHM), Phat Dat (PDR), Dat Xanh (DXG), and DIC Corp (DIG) are issuing new shares to raise capital amid falling stock prices and tight credit conditions. The moves, totaling over VND 5,500 billion, aim to address liquidity needs and fund projects but risk diluting existing shareholders.

PDR has deposited 900 billion VND to acquire a 35% stake in the Thu Thiem Eco Smart City project, partnering with Lotte Properties HCMC. The deal positions PDR in one of Ho Chi Minh City's most ambitious urban developments, but hinges on city approval for foreign investor participation.

Vietnam real estate companies increased total debt to approximately VND 300 trillion by end-Q1 2026, while aggregate revenue surged 210% YoY to VND 76 trillion, driven by VHM and NVL. Gross profit margin recovered to 48.1%, near 2021 peaks, signaling improved pricing power in the high-end segment.

MSB was the most sold stock by foreign investors in the last week of May, with net selling of VND 1,756 billion, contributing to a total foreign net outflow of VND 5,118 billion across the market. The selling pressure pushed VN Index down 0.73% to 1,863.49 points, highlighting persistent foreign divestment from Vietnamese equities.

PDR has paid a VND 900 billion deposit under a MoU with Lotte Properties for the Thu Thiem Eco Smart City project, formalizing a strategic partnership in a large-scale real estate development. The move signals PDR's deepening involvement in a landmark project with a foreign partner, potentially boosting its project pipeline and market positioning.

PDR has deposited 900 billion VND (USD 36M) following a strategic MoU with Lotte Properties for the Thu Thiem Eco Smart City project, comprising 11 towers up to 50 stories in Thu Thiem, HCMC. The move revives a decade-old mega-project and signals deepening ties between the Vietnamese developer and the Korean conglomerate.

PDR has signed a Memorandum of Understanding with Lotte Properties HCMC to jointly develop the Thu Thiem Eco Smart City, a large mixed-use complex on 7.45 ha in Thu Thiem new urban area. The project, with over 680,000 sqm of floor area, could generate estimated residential revenue of VND 36,000-100,000 billion depending on pricing. PDR is seeking shareholder approval for investment exceeding 35% of total assets (VND 9,310 billion as of March 31, 2026).

On May 27, 2026, foreign investors net sold VND 791.4 billion (USD 31.66M) on the Vietnamese stock market, with retail investors also net selling VND 1,526.7 billion. Notable block trades included VIC (VND 1,597.5B) and VJC (VND 572.9B). MSB, MWG, and VPB were among the top foreign-bought stocks, while VHM, HPG, and VIC were sold.

Phat Dat Real Estate (PDR) signs MOU with Lotte Properties HCMC to invest in the Thu Thiem Eco Smart City project, with potential deal value exceeding VND 9,300 billion. This marks PDR's largest investment in five years and signals a strategic pivot toward large-scale commercial and BT projects in HCMC and Dong Nai.