KEY HIGHLIGHTS

At its 2026 Annual General Meeting (AGM), Khang Dien House (KDH) set a net profit target of VND 1,500bn (+44% YoY) and a revenue target of VND 4,200bn. This ambitious guidance comes on the back of the company fully settling its outstanding bond debt and shifting its strategic focus towards maximizing its clean land bank in Ho Chi Minh City.

The primary growth drivers for 2026 include the Gladia project, scheduled for launch in Q3/2026 with over 600 high-rise apartments, alongside existing projects. For the 2026–2028 period, KDH expects to bring approximately 6,000 units to the market (comprising 1,000 low-rise houses and 5,000 apartments) across its 160-hectare land bank. Concurrently, the Le Minh Xuan Expanded Industrial Park project (109 ha) is undergoing infrastructure completion, with revenue contributions anticipated to begin in late 2026.

Funding for these operations is projected to stem from presales across its project portfolio, including the Gladia project. Projects currently under construction have secured long-term credit lines from commercial banks, including VietinBank, OCB, and MB, to fund construction costs and land-related financial obligations