On the morning of March 11th, 2015, Dat Xanh Group and Saigon 5 Commerce Construction Co., Ltd. performed the ceremony of signing investment cooperation in Binh Dang project (Binh Dang Commerce - Service - Apartment Area, Ward 6, District 8, Ho Chi Minh City).
By this agreement, Saigon 5 will complete legal procedure, site clearance and hand over the precinct area of 4.606,5 m2. After signing, Dat Xanh will also promote the works of designing, developing the idea of investment in the infrastructure item of the project in the year of 2015.
The investment cooperation in this project will ensure to balance the overall benefit of the parties, enhance business effectiveness, and promote growth and competitiveness in the market. Simultaneously this helps to exploit available advantage, capacity and experience of the two parties, particularly the professional experience of Dat Xanh in the fields of investment, construction, distribution and real estate marketing. It is known that Binh Dang project is built on the area of 4,606,5m2, with the estimated total investment of about VND 380 billion, including 5-floor commerce - service area, 14-floor dwelling area with 224 apartments and ground floor for parking. In which Dat Xanh contributes 90% construction contracting value.
Signing ceremony of investment cooperation in Binh Dang
Binh Dang project is located in the area crowded with residents; its 4 sides adjoin 4 important traffic routes, convenient with the comprehensive commerce - service development. The project is promissory to bring customer a modern, civilized residential area in the geographical area of District 8.
Highly appreciating the cooperation, support of Dat Xanh Group, Mr. Dang Anh Tu - General Director of Saigon 5 confirmed: "Saigon 5 has witnessed the strong steps of development of Dat Xanh Group in the real estate market. In the near future, Saigon 5 hopes to receive the more comprehensive support, cooperation of Dat Xanh to deploy investment in building a range of new projects.”
According to the assessment of Dat Xanh Group, the real estate market in the Southern area of Ho Chi Minh City still has a lot of new chances for development. Based on the experience in market analysis and judgment, together with occurring opportunities, Dat Xanh will select to invest in the projects bringing high value to the community. The cooperation with Saigon 5 to develop Binh Dang Commerce - Service - Apartment Complex, District 8 is one of steps to expand the market of Dat Xanh in the Southern area in 2015.
Mr. Dang Anh Tu - General Director of Saigon 5 and Mr. Nguyen Khanh Hung - Deputy General Director of Dat Xanh at the signing ceremony of investment cooperation in Binh Dang project.
The financial report 2014 of Dat Xanh Group has acknowledged the reconciled profit after tax of the whole Group is VND 168 billion. This level of profit growth has shown the right business strategy of Dat Xanh in the recent year. Specifically, Mr. Luong Tri Thin - CEO of Dat Xanh Group shared: “In the year of 2014, Dat Xanh Group has consumed nearly 8.800 real estate products. We hope that with the Government's positive policy as well as the signs of a better market at this moment, Dat Xanh will reach and cross the number of 10,000 products planned in 2015".