2Q2018 Earnings announcement

Hanoi, July 30th, 2018, Vinhomes Joint Stock Company (“Vinhomes” or “the Company”) released its interim consolidated financial statements of the second quarter of 2018 (2Q2018) prepared in accordance with Vietnamese Accounting Standards (VAS).

Hanoi, July 30^th, 2018, Vinhomes Joint Stock Company (“Vinhomes” or “the Company”) released its interim consolidated financial statements of the second quarter of 2018 (2Q2018) prepared in accordance with Vietnamese Accounting Standards (VAS).

In the second quarter of 2018, total consolidated revenue reached VND 5.434 trillion, an increase of 203% year-on-year. Revenue from sale of inventory properties was VND 4.947 trillion, an increase of 3.869 trillion or 359% over the same period last year, due to deliveries at several projects including Vinhomes Central Park and Vinhomes Green Bay.

Revenue from leasing and rendering of related services and revenue from property management services have increased by more than 100% year-on-year. Income from business cooperation contracts (BCC) with Vingroup and another Vingroup subsidiary over the Vinhomes The Harmony, Vinhomes Golden River, Vinhomes Imperia and Vinhomes Dragon Bay projects amounted to VND 3.952 trillion. Profit before tax was VND 4.985 trillion, and net profit after tax was 3.882 trillion.

As at June 30th, 2018, Vinhomes had total assets of VND 117.268 trillion, total equity of VND 41.963 trillion, an increase of 129% and 314% compared with the end of the 2017 financial year.

In 2Q2018, Vinhomes introduced 3 new projects including Vinhomes West Point in Hanoi, Vinhomes New Center in Ha Tinh city and Vinhomes Star City in Thanh Hoa city. The Vinhomes West Point apartment, office and commercial complex has become a highlight in the West of Hanoi thanks to its prime location at the junction of Pham Hung and Do Duc Duc streets. The project received great interests from both local and foreign homebuyers. Particularly, the number of foreigners that have made deposits has reached the regulatory foreign ownership limit.

In Thanh Hoa city, Vinhomes Star City introduced the Rose section – the only section that has a French design out of five distinct sections in the project. With neo-classical design and popular facilities including Vinschool and Vinmec, the Rose section immediately generated good momentum from both homebuyers and investors in Thanh Hoa. The project’s shop-house component was the fastest selling and had remarkably high absorption rate.

In Ha Tinh city, Vinhomes New Center has given a boost to the local real estate market. For the first time in the city, there is a modern residential project with integrated amenities including a public square, swimming pools, BBQ garden, children playgrounds and sports areas. The project was a pioneer in creating a modern lifestyle for the locals.

On May 17, 2018, Vinhomes has successfully listed shares on Ho Chi Minh Stock Exchange under the ticker symbol VHM. Since then, Vinhomes has been among the Top 2 largest listed companies in terms of market capitalization in Vietnam.

In June, Vinhomes announced the “Happy Town” brand, offering houses from VND200 million per unit to low-income earners and workers in key industrial cities, helping them to improve their living standard. With “Happy Town”, Vinhomes offers a full suite of residential products, with Vinhomes premium and high-end properties, VinCity mid-end properties and Happy Town affordable housing.

To providing a safe living environment for Vinhomes residents, in 2Q2018, we invested VND500 billion to upgrade security and fire safety systems in all Vinhomes high-rise projects. A key upgrade was replacing all apartment front doors by fire-resistant doors of up to 70-minute protection.

In addition, Vinhomes launched the “Smart young residents” program this summer, providing free lessons on swimming, fire safety and self-protection for children. This initiative was welcome by many and received thousands of registrations across our communities nationwide.