HANOI, VIETNAM – Media Outreach – August 21, 2023 – For the first time, a Vietnamese real estate development brand, Vinhomes, has been named among the top 20 most valuable real estate brands in the world during the Brand Finance-Mibrand Vietnam Forum 2023. This recognition strengthens Vinhomes’ reputation and position in the sector. international real estate. market, demonstrating the company’s outstanding and enduring operational efficiency.
Vinhomes has been recognized as one of the 20 most loved real estate brands in the world
Real estate development brand Vinhomes was valued by Brand Finance at $1.74 billion, which was enough to enter the ranking of the top 20 most valuable real estate brands in the world and cement its position as the only real estate brand among the Top 5 most valuable brands in Vietnam. Significantly, this is also the first time a Vietnamese real estate company has entered the Global Top 20, demonstrating Vinhomes’ remarkable growth in scale and reputation.
According to Brand Finance, the criteria for evaluating a brand include its ability to improve the value of the product; its influence on customers’ purchasing decisions; the cost of building a successful brand; its market value on the stock exchange; and its profitability.
Ms. Nguyen Thu Hang, CEO of Vinhomes, shared, “Throughout 15 years in the market, Vinhomes has consistently strived to transcend being a reputable property developer. We are also a pioneer leading and shaping a high quality lifestyle for our residents, and fostering modern communities within our projects. the objective has always been to build urban projects with equipment and structures of regional and international standard, offering better value to residents and customers. »
As the leading real estate brand in Vietnam, Vinhomes has now delivered and managed over 128,000 apartments and villas in 29 urban areas across the country, serving over 440,000 residents. Notable examples include large-scale urban areas covering hundreds of hectares such as Vinhomes Riverside, Vinhomes Ocean Park 1 and 2, Vinhomes Smart City and Vinhomes Grand Park. These urban areas of Vinhomes have attracted thousands of residents, contributing to the development of vibrant new central districts in Hanoi, Ho Chi Minh City and other major provinces.
As Vietnam’s premier real estate brand, Vinhomes consistently creates unique living spaces that provide exceptional and distinct experiences for residents. Ocean City, the so-called “miracle city”, is located in the eastern part of Hanoi, covering a total area of 1,200 hectares (an integration of three urban areas – Vinhomes Ocean Park 1, 2 and 3). It features record structures such as the “urban area with the largest man-made saltwater lagoon in the world and a freshwater lake with white sandy beaches” (Vinhomes Ocean Park 1), the “largest complex of man-made saltwater lagoons in an urban area” (Royal Wave Park at Vinhomes Ocean Park 2) and various highlights including VinWonders Hanoi Wave Park and VinWonders Hanoi Water Park.
Ocean City – a recent Vinhomes project which marked a remarkable milestone in the Vietnamese real estate market with an area of 1,200 hectares
Characterized by green landscapes, life-enhancing amenities and social infrastructure including hospitals, schools, parks, playgrounds, swimming pools and many iconic architectural structures, Vinhomes urban areas have gradually improved the quality life of modern Vietnamese citizens. This, in turn, has played a central role in the sustainable and healthy development of the real estate market.
As of June 30, 2023, Vinhomes had total consolidated assets and shareholders’ equity of VND396 trillion (approximately $16.69 billion) and VND170 trillion (approximately $7.16 billion) respectively, an increase of 10% and 15% compared to the figures. of December 31, 2022. Vinhomes constantly maintains its place at the top of the ranking of real estate developers with “healthy” and sustainable profitability on the stock market.
With its ranking among the 20 most valuable real estate brands in the world, Vinhomes reaffirms its credibility and stature as a Vietnamese brand capable of transcending national borders, marking its presence on the road to global conquest.
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