Dai Quang Minh Real Estate Investment JSC, part of the Thaco group ecosystem, reported net profit above VND1.043 trillion in the first half of 2026, six times the same period a year earlier, according to its financial report to the Hanoi Stock Exchange cited by VnExpress on 10 November. Pre-tax profit exceeded VND1.5 trillion, more than eight times the first half of 2025.

Better profitability

Return on assets (ROA) reached 1.06%, versus under 0.3% in the first half of last year; return on equity (ROE) rose from 0.73% to 2.21%. Undistributed earnings at end-June stood at about VND8.5 trillion, including a record profit of nearly VND4.07 trillion booked last year.

Total liabilities were above VND51.58 trillion, including about VND20 trillion in bank loans and VND1.5 trillion in bonds.

Capital increase ahead of large projects

Founded in early 2011, Dai Quang Minh invests in and builds road infrastructure, seaports, railways, industrial parks, urban areas and real estate. As of mid-2025, Thaco owned 77.5% and the family of Thaco Chairman Tran Ba Duong held 22.5%. In early January, Duong handed the board chairmanship and legal representative role to Tran Dang Khoa.

This year, the company's charter capital rose from VND18.2 trillion to VND36.895 trillion, alongside preparations for major projects such as the Red River landscape boulevard and metro lines linking central Ho Chi Minh City with Long Thanh airport. Early this year it restarted a component project at the SALA urban area after an eight-year pause. In early November, the Ho Chi Minh City People's Committee allocated four land plots totalling nearly 4.3 hectares in the Thu Thiem new urban area to Dai Quang Minh as payment under the BT contract for Ba Son bridge.

According to Tran Ba Duong, the company aims in 2026 to start 42 projects, complete 12, generate VND12 trillion in revenue and disburse more than VND21 trillion in investment.

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