Đại Quang Minh’s First-Half Net Profit Rises More Than 542% Year on Year
Đại Quang Minh reported first-half 2026 net profit of nearly VND 1.044 trillion, up more than 542% year on year. Its total assets approached VND 98.85 trillion at the end of June. The company also disclosed an industrial park and a commercial complex expected to use bond proceeds.
Financial statements filed by Đại Quang Minh Real Estate Investment Joint Stock Company with the Hanoi Stock Exchange show that consolidated pre-tax profit reached nearly VND 1.514 trillion in the first half of 2026, 8.5 times the year-earlier figure. Net profit was nearly VND 1.044 trillion, up more than 542% from VND 162.5 billion a year earlier. In 2025, the company’s net profit exceeded VND 4.069 trillion, more than 20 times the VND 183 billion recorded in 2024.
At the end of June 2026, the company’s total assets stood at nearly VND 98.85 trillion, up about VND 41.8 trillion year on year. Equity exceeded VND 47.266 trillion, while total liabilities were VND 51.584 trillion. These included nearly VND 19.697 trillion in bank loans and VND 1.5 trillion in outstanding bonds. The ratio of liabilities to equity fell from 1.55 to 1.09.
Đại Quang Minh reported that net profit rose more than 542% year on year in the first half of 2026, while total assets approached VND 98.85 trillion.（VietVance）
Of the two projects the company disclosed as expected to use bond proceeds, one is a specialized mechanical engineering industrial park in the former Bình Dương area. Covering nearly 786 hectares, it is being developed by the company’s subsidiary, Công ty TNHH Đầu tư Phát triển Khu công nghiệp Thadico - Bình Dương. In October 2026, Ho Chi Minh City decided to lease the company more than 701 hectares for the project for a 50-year term. Total investment in the construction and operation of the project’s infrastructure is VND 12.702 trillion, with VND 750 billion expected to come from bond proceeds.
The other project is the Thiso Mall Tây Hồ Tây commercial complex in Hanoi’s Tây Hồ Tây area. It has estimated total investment of VND 4.863 trillion and is expected to use VND 750 billion in bond proceeds. Construction began in July 2025, and a previously announced plan called for completion in 2026. Founded in 2011, Đại Quang Minh is part of billionaire Trần Bá Dương’s THACO group of companies.
The projects disclosed by Đại Quang Minh include a specialized mechanical engineering industrial park and a commercial complex in Hanoi.（VietVance）
Source: VietVance
