Hanoi, October 29, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the third quarter of 2021 in accordance with Vietnamese Accounting Standards (VAS).

According to the unaudited consolidated financial statements for the third quarter of 2021, consolidated net revenue was VND 20,679 billion, representing a 22% decrease over the same period last year.

Consolidated profit before tax was VND 13,812 billion and consolidated profit after tax and minority interest was VND 11,167 billion, representing an 84% increase year-on-year mostly because more low-rise units with higher margin were delivered in 3Q2021. Earnings per share (EPS) in the third quarter of 2021 was VND 2,586.

As of September 30, 2021, Vinhomes had total consolidated assets of VND 219,639 billion and total consolidated equity of VND 119,542 billion, representing an increase of 4% and 34%, respectively compared to December 31, 2020.

In the third quarter of 2021, despite social distancing restrictions throughout Vietnam including Hanoi and Ho Chi Minh City, Vinhomes continued its digital transformation from offline to online for better adaptation to Covid. In early August 2021, Vinhomes introduced new promotion policy for successful transactions via Vinhomes Online. Vinhomes Online not only ensures “5K” measures for disease prevention but also offers best-in-class convenience, transaction speed and cost to users.

At the end of September 2021, Vinhomes broadcasted a series of talk shows called “The Pioneer” consisting of 5 sessions on Vinhomes’ premier position in the real estate market. The first session on “Multi-centered Hanoi and the great migrations” was a big success with nearly 1,000,000 participants on various social platforms.

In Ho Chi Minh City, “Investment during Pandemic” – an online panel discussion – was held at Vinhomes Grand Park, attracting 12,000 salespersons from 62 agencies.

In the third quarter of 2021, Vinhomes continued to introduce new launches. In July 2021, an American-style block in the Miami complex of the Vinhomes Smart City mega project called the GS1 block was launched. In the same month, the Company also launched P4 block in The Ocean View complex at Vinhomes Ocean Park along with online sales training event, attracting over 600,000 views and nearly 30,000 interactions via many online platforms. In Thanh Hoa, the launch of Sunflower zone at Vinhomes Star City was well-received, 274 villas have been sold out after one week.

In the fourth quarter of 2021, whilst social movements are expected to resume as the Government recently issued a regulation on “Adapting Safely, Flexibly, and Effectively with Covid-19”, Vinhomes will continue to invest in its online platforms to better adapt to the pandemic and to create a cornerstone for a future breakthrough.

Hanoi, July 28, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the second quarter of 2021 in accordance with Vietnamese Accounting Standards (VAS).

Consolidated net revenue in second quarter of 2021 was VND 28,725 billion, representing a 75% increase over the same period last year.

In second quarter of 2021, consolidated profit before tax was VND 13,251 billion, and consolidated profit after tax and minority interest reached VND 10,232 billion, representing 190% and 198% increase year-on-year. Earnings per share (EPS) in second quarter of 2021 was VND 3,111.

As of June 30, 2021, Vinhomes had total consolidated assets of VND 210,000 billion, and total consolidated equity of VND 99,170 billion, representing an increase of 11% compared to December 31, 2020.

During the quarter, Vinhomes continued to roll out digital transformation initiatives to boost customer interaction amidst social distancing. The launch of The Metrolines project within the Vinhomes Smart City mega project via live-stream broadcast attracted 16,000 viewers. The Metrolines is strategically located at the junction of three future metro lines 5, 6, 7, and is developed to become a world-class project with three sections inspired by distinct cultural themes from the United States, Japan and Hong Kong. All three sections will offer exclusive privileges for future residents.

In May 2021, Vinhomes introduced the Vinhomes Sales Agent app as part of its O2O (Online – to – Offline) business model to connect its extensive network of agents and customers, and complete the multi-touchpoint ecosystem. During pilot test, the Vinhomes Sales Agent app recorded over 6,000 users, significantly contributed to the Company’s sales performance. Another proprietary app – the Vinhomes Resident app – is a comprehensive platform that provides best-in-class user experience for Vinhomes residents. This app provides various smart features for homeowners from the point of taking delivery to moving in.

Also in the second quarter, Vinhomes organized multiple exciting activities to support sales. In mid – April, a Recruitment Fair was held for 2 days in Hanoi and Ho Chi Minh City, attracting new professionals to join the Vinhomes sales force of 120 agencies.

In terms of community development, the largest man-made salt-water lagoon in Vietnam was opened at Vinhomes Ocean Park to welcome residents and further enhance their living experience, affirming the privilege of premier living and leisure in Vinhomes projects, whilst contributing to reduction of pollution and urban environmental protection.

Vinhomes received multiple honors at the Asia Pacific Property Awards (APPA), further enhancing its status as a world-class real estate developer. Particularly, Vinhomes Smart City won double awards for Mixed Use Development and Sustainable Residential Development categories. With such impressive achievements, the project was selected as the regional representative in the International Property Awards 2021. Last but not least, Vinhomes Grand Park in Ho Chi Minh City, with its unique design concept, boasts a 36-hectare riverside park and 15 recreation facilities with a variety of creative themes, won the award for best Residential High Rise Development in Vietnam.

Hanoi, April 28, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the first quarter of 2021 prepared in accordance with Vietnamese Accounting Standards (VAS).

Consolidated net revenue in the first quarter of 2021 was VND 12,986 billion, representing an increase of 99% compared to the same period last year, thanks to growth in delivery of retail units and bulk sale trnsactions.

In the first quarter of 2021, consolidated profit before tax was VND 7,085 billion, and consolidated profit after tax attributable to shareholders of the parent company reached VND 5,396 billion, representing 30% and 21% decreases year-on-year. Earnings per share (EPS) in the first quarter of 2021 was VND 1.640.

As March 31, 2020, Vinhomes had total consolidated assets of VND 207,715 billion, and a total consolidated equity of VND 94,605 billion, representing increases of 6% compared to the balances as of December 31, 2020.

In January 2021, Vinhomes officially announced the application of the Online to Offline (O2O) sale model and started to promote the secondary property trading leveraging the same system. Accordingly, this model will pioneer in building a transparent secondary real estate market as all information and selling prices are disclosed on Vinhomes Online marketplace at https://online.vinhomes.vn. This will increase the connection between the developer and owners of Vinhomes properties, aiming to raise property value and ensure the best liquidity for the property owners.

In March 2021, Vinhomes also launched the online leasing platform at https://stay.vinhomes.vn. This online leasing marketplace offers a safe and transparent choice for Vinhomes’ properties owners, while shortening time spent on looking for a home-for-rent for tenants. At the same time, the very first Vinhomes Serviced Residences units were also launched at the Gateway Tower in Vinhomes Smart City mega project.

Also, in March, Vinhomes continued to launch high rise units at Vinhomes Ocean Park and Vinhomes Smart City with highly attractive financial support policies. In 2021, the remaining products at these two mega projects are upgraded and launched at a higher-end segment.

With impressive sales results and vigorous promotional activities, Vinhomes continued to be voted No. 1 of the “Top 10 Reputable Real Estate Developers in 2021” ranking by Vietnam Report.

Hanoi, January 28, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the year ended 31 December 2020 prepared in accordance with Vietnamese Accounting Standards (VAS).

In 2020, consolidated net revenue reached VND 70,890 billion, an increase of 37% year on year. Consolidated net revenue in the fourth quarter of 2020 was VND 21,512 billion, representing an increase of 54% compared to the same period last year, thanks to delivery of residential units at Vinhomes Ocean Park, Vinhomes Grand Park, Vinhomes Smart City and Vinhomes Symphony. Converted consolidated net revenue of 2020, which includes revenue from Vinhomes’ business activities, business cooperation contracts (BCC) and bulk sales recognized as financial income, reached VND 98,089 billion, an increase of 43% compared to 2019.

In 2020, consolidated profit before tax was VND 37,047 billion, and consolidated profit after tax attributable to shareholders of the parent reached VND 27,839 billion, representing 25% and 28% increases compared to those of 2019 respectively. In the fourth quarter of 2020, consolidated profit before tax reached VND 14,847 billion, up by 98% compared to the previous quarter, which was due to larger delivery and recognition of both retail and bulk sales. Earnings per share (EPS) in 2020 was VND 8,463, up 30% compared to that of 2019.

As December 31, 2020, Vinhomes had total consolidated assets of VND 214,937 billion, and a total consolidated equity of VND 89,685 billion, representing increases of 9% and 39% respectively compared to the balances as of December 31, 2019.

In the fourth quarter of 2020, Vinhomes continued to introduce new products to the market with impressive launch results. In Ho Chi Minh City, the last two compounds of The Origami at Vinhomes Grand Park, The Origami Zen (S10) and The Origami Park (S6) were launched, in which all 2,100 units of The Origami Zen were fully booked in one day.

Vinhomes maintained its leading dominance in the supply in the northern markets with its two mega projects, Vinhomes Ocean Park and Vinhomes Smart City. 4Q2020 saw the official launch of the well-received The Zenpark featuring the highest product line currently available at Vinhomes Ocean Park, where residents can enjoy resort-style living experience everyday right in their own homes.

In the fourth quarter of 2020, Vinhomes Ocean Park and Vinhomes Smart City have introduced show flats fully equipped with Smart Home technology exclusively developed by VinSmart. At the Smart City Award 2020, Vinhomes won 2 awards, including the most prestigious “Excellent Smart Real Estate Developer” for its pioneering position in the development of smart cities in Vietnam.

Vinhomes is also the only real estate developer honored amongst in Vietnam’s Top 5 Leading Brands 2020 by Forbes Vietnam in this last quarter of 2020.

Hanoi, October 28, 2020, Vinhomes Joint Stock Company (ticker “VHM”) released its consolidated financial statements of the first 9 months of 2020 (9M2020) prepared in accordance with the Vietnamese Accounting Standards (VAS).

In the first nine months, consolidated net revenue reached VND 49,378 billion, increased by 31% as compared to the same period of 2019, thanks to deliveries of residential units at Vinhomes Ocean Park, Vinhomes Grand Park, Vinhomes Smart City and Vinhomes Marina. Converted consolidated net revenue of the first 9 months of 2020, which includes revenue from Vinhomes’ business activities, business cooperation contracts (BCC) and transfer of projects recognized as financial income, reached VND 62,565 billion, also up 19% compared to the same period of 2019.

In the first nine months, consolidated profit before tax was VND 22,199 billion, and consolidated profit after tax attributable to shareholders of the parent reached VND 16,337 billion, representing 6% and 7% increases compared to those of 9M2019 respectively. In the third quarter of 2020, consolidated profit before tax reached VND 7,502 billion, up by 64% compared to the previous quarter. Earnings per share (EPS) in the first nine months of 2020 was VND 4,966, up 9% compared to that of the same period of 2019.

As of September 30, 2020, Vinhomes had a total consolidated asset of VND 220,509 billion, and a total consolidated equity of VND 78,779 billion, representing increases of 12% and 22% respectively compared to the balances as of December 31, 2019.

In the third quarter of 2020, Vinhomes launched The Origami, a high-end apartment complex at Vinhomes Grand Park. As of 14 October 2020, more than 4,500 units have been sold at an absorption rate of more than 90% with the vast majority of buyers being Vietnamese.

In the North, Vinhomes continued to launch new sections/towers at its mega projects. In the third quarter, Vinhomes Smart City saw the launch of The Grand Sapphire section at the very heart of the mega project, with greenery and watery space covering two thirds of the section’s site area. Vinhomes Ocean Park launched the first tower equipped with the Smart Home system – S1.02 in the Sapphire by the Sea zone.

In 3Q2020, Vinhomes’ three mega projects have delivered nearly 10,400 apartments, villas and shop houses on track with the quality and schedule committed with the customers. A similar number of units are scheduled for hand-over in the last quarter of the year.

Upon all these impressive achievements, Vinhomes continues to be the leader in “Top 10 Reputable Real Estate Developers 2020” by Vietnam Report and shortlisted by Forbes for the second consecutive year in the “Top 10 Leading Brands in Vietnam 2020”, joined by Vincom Retail, with a brand value reaching US$ 413 million.

Hanoi, July 25, 2020, Vinhomes Joint Stock Company (ticker “VHM”) released its consolidated financial statements of the first half of 2020 (1H2020) prepared in accordance with the Vietnamese Accounting Standards (VAS).

In the first-six month, converted consolidated net revenue, including revenue from Vinhomes’ business activities, business cooperation contracts (BCC) and transfer of projects recognized as financial income, reached VND 35.611 trillion. Converted revenue from sale of inventory properties in the first half of 2020 was VND 34.062 trillion, accounting for 96% of the converted consolidated net revenue.

In the first six months, consolidated profit before tax was VND 15.154 trillion, and consolidated profit after tax attributable to shareholders of the parent reached VND 10.602 trillion, representing 13% and 8% increase compared to those of 1H2019 respectively. Earnings per share (EPS) in the first half of 2020 was VND 3,223, up 10% compared to the same period of 2019.

As of June 30, 2020, Vinhomes had a total consolidated asset of VND 225.577 trillion, and a total consolidated equity of VND 76.153 trillion, representing increases of 14% and 18% respectively compared to the balances as of December 31, 2019.

In 2Q2020, in the North, the Company successfully launched a number of residential towers at Vinhomes Ocean Park and Vinhomes Smart City. In the South, the Company officially launched the two low-rise compounds, Manhattan and Manhattan Glory, at Vinhomes Grand Park.

Vinhomes introduced the Vinhomes’ e-commerce platform, Vinhomes Online, at online.vinhomes.vn at the beginning of April – during the period of social distancing. This has helped maintain the Company’s sales momentum even when the sales force was not able to meet the customers directly.

Construction has been progressing on track, despite of a brief lockdown in the beginning of April due to the social distancing order, therefore the delivery schedule at the three mega projects Vinhomes Ocean Park, Vinhomes Smart City and Vinhomes Grand Park will proceed as planned.

In June, for the first time, Vinhomes successfully brought about sales launches with the “3 in 1” format: offline event, livestream on the projects’ Fan-page and online purchase on the new e-commerce platform online.vinhomes.vn.

This breakthrough initiative has brought impressive sales results.  Notably, the launches of S1.08 and S1.07 towers of the Sapphire 1 compound at Vinhomes Ocean Park have set a new sales record with nearly 50% and 60% of the launched units sold within 60 minutes.

On top of the remarkable achievements in residential real estates that have helped Vinhomes maintain its leading position in the market, in the second quarter of 2020, the Company has received the land handover decision for the Extended Suppliers Park in Hai Phong. The Company is also in the process of completing relevant procedures to put a number of other industrial park projects into operation soon.

Hanoi, April 27, 2020, Vinhomes Joint Stock Company (ticker “VHM”) released its consolidated financial statements of the first quarter of 2020 (1Q2020) prepared in accordance with the Vietnamese Accounting Standards (VAS).

In 1Q2020, pro-forma consolidated net revenue, including revenue from Vinhomes’ business activities, business cooperation contracts (BCC) and bulk sales transaction recognized as financial income, reached VND 18.535 trillion. Pro-forma revenue from sale of inventory properties in 1Q2020 was VND 17.733 trillion, accounting for 96% of the pro-forma consolidated revenue.

In 1Q2020, consolidated profit before tax was VND 10.124 trillion, and consolidated profit after tax and non-controlling interests reached VND 6.844 trillion, representing 201% and 169% increase compared to those of 1Q2019 respectively. Earnings per share (EPS) in 1Q2020 was VND 2,080, up 174% compared to that of 1Q2019.

As of March 31, 2020, Vinhomes had a total consolidated asset of VND 203.007 trillion, and a total equity of VND 72.339 trillion, representing an increase of VND 5.8 trillion and VND 7.6 trillion, respectively compared to the balances as of December 31, 2019.

During the first three months of 2020, Vietnamese companies including Vinhomes have been facing many challenges as the whole economy has been affected by the impact of the Covid-19 outbreak. Due to the complicated escalation of the Covid-19 situation, Vinhomes and Vingroup have been fully complying with the government’s policies and directives to prevent further contagion, prioritizing the health safety of the public including Vinhomes’ and Vingroup’s members of staff and at the same time, preparing various contingent business plans to adapt to the new circumstance. After the strict social distancing period ordered by the government starting from April 1^st, 2020 to April 15^th, 2020, all Vinhomes’ construction activities have resumed on April 16^th, 2020 and all showrooms have reopened on April 23^rd, 2020.

The Sapphire Parkville zone at Vinhomes Smart City was officially launched in 1Q2020. The first units at Sapphire 2 zone of Vinhomes Ocean Park were also delivered, while the sale of Sapphire by the Sea zone (Sapphire 1) started. New launches were also carried out at other Vinhomes-branded projects such as Vinhomes Symphony in Hanoi and Vinhomes Marina in Hai Phong.

In 1Q2020, Vinhomes also launched the “Buy Vinhomes – Get VinFast Voucher” promotion, marking the partnership of a unprecedented scale between the Vinhomes and VinFast brands. Especially, on April 9, 2020, the Company’s e-commerce platform – Vinhomes Online (https://online.vinhomes.vn) – was officially launched, which enables customers to make purchases remotely with unrivalled convenience, speed and pricing. On the first day of launch alone, the website attracted 32,000 visitors and 200 properties were transacted successfully.

In addition to Vinhomes Online, Vinhomes is also establishing Vinhomes TV, which will produce the marketing materials for Vinhomes projects, while offering the most accurate and detailed consultation via video to the customers. The channel is currently in pilot operation and set to be launched officially in May 2020.

PRESS RELEASE

VINHOMES’ 4Q2019 EARNINGS ANNOUNCEMENT

Hanoi, January 30, 2020, Vinhomes Joint Stock Company (“Vinhomes” or “the Company”) (ticker “VHM”) released its consolidated financial statements of the fourth quarter of 2019 prepared in accordance with Vietnamese Accounting Standards (VAS).

In 4Q2019, consolidated net revenue was VND 14.2 trillion, a decrease of 12.8% year-on-year; however, profit before tax and profit after tax and minority interests were VND 8.645 trillion and VND 5.981 trillion respectively, increasing 78% and 132% compared to same period in 2018. VHM reported robust profitability growth despite lower revenue because of better margins for projects being recognized in 2019, and successful bulk sale transactions during the year.

Revenue from sale of inventory properties in 4Q2019 was VND 13.2 trillion, also lower than the same period in 2018 for the same reason mentioned above. Revenue from leasing investment properties and rendering real estate management services in 4Q2019 were VND 630 billion, an increase of 57% year-on-year.

In 2019, revenues from Vinhomes’ own projects and projects under business cooperation contracts with Vingroup and its subsidiaries recorded a total of VND 67.3 trillion. Of which, Vinhomes’ consolidated net revenue from was VND 51.8 trillion, an increase of 34% year-on-year, and revenue from cooperation projects was VND 15.5 trillion.

Vinhomes’ consolidated profit after tax was VND 24.2 trillion, 118% of the company’s budget, and an increase of 49% compared to 2018. The Company’s unconsolidated profit after tax was VND 21.3 trillion, an increase 49% compared to 2018. Earnings per share (EPS) in 2019 was VND 6,369, an increase of 41% compared to 2018.

As of December 31, 2019, Vinhomes had total consolidated assets of VND 197.2 trillion, and total equity of VND 64.756 trillion, increasing 65% and 35% respectively compared to 2018.

In 4Q2019, Vinhomes organized new launches in the Vinhomes Symphony project – a high-end condominium complex adjacent to the Vinhomes Riverside mixed-use project in Hanoi – and the Sapphire and Ruby segments in the mega projects Vinhomes Smart City and Vinhomes Ocean Park. Vinhomes Symphony has a take-up rate of 83% out of nearly 800 units offered for sale. As of December 31, 2019, Vinhomes total unbilled bookings were VND 91.4 trillion, an increase of 31% year-on-year.

2019 was a record year during which Vinhomes launched several new products and projects, and improved greatly in scale and quality with several market-first product offerings in Vietnam. In the fourth quarter of 2019 alone, Vinhomes receive three consecutive records for the Vinhomes Ocean Park project in Gia Lam, Hanoi, including “World’s largest man-made saltwater and freshwater lakes with white sand surrounding”, “Vietnam’s largest saltwater lake”, and “Vietnam’s largest lake with white sand surrounding”. The Vinhomes Smart City project also set a record for “The residential project with the central park having the most diversified sports theme in Vietnam” in 4Q2019. In an unprecedented gesture in the Vietnamese real estate market, Vinhomes issued residence cards to residents of the Vinhomes Ocean Park and Vinhomes Smart City mega projects so that they can enter and enjoy the diverse offerings of facilities.

In 2020, Vinhomes aims to improve operational leverage and increase company value by optimizing customer experience, providing additional value-added services and ancillary products and promoting residential leasing services for homebuyers. Besides existing competencies, Vinhomes is looking into investing in industrial real estate as another potential source of profit and cashflow diversification and to bolster its recurring income portfolio. On the macro front, FDI inflows to Vietnam continued to increase, reporting a CAGR of 15.8% in the period of 2014 – 2018, mainly in the manufacturing and processing segment. At the company level, an investment and development of an industrial real estate portfolio leverages Vinhomes’ experience in land banking, infrastructure development, and Vingroup’s ecosystem and Industrial and Technology nexus.

Vinhomes Announced Business and Financial Results for the First 9 Months Of 2019

Hanoi, October 29, 2019, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements of the nine-month period ended 30 September 2019 prepared in accordance with Vietnamese Accounting Standards (VAS).

In the nine-month period, consolidated net revenue and profit after tax attributable to shareholders of the parent were VND 37.642 trillion and VND 15.323 trillion respectively.

Revenue from sale of inventory properties in this period was VND 34.957 trillion, accounting for 93% of total revenue. Projects under business cooperation contracts (“BCC”) with Vingroup and its subsidiaries, including Vinhomes The Harmony, Vinhomes Imperia, Vinhomes Dragon Bay, Vinhomes Star City Thanh Hoa and Vinhomes Skylake, reported total revenue of VND 13.559 trillion. Besides, revenue from leasing investment properties and from rendering real estate management services was VND 2.016 trillion. In this period, consolidated profit before tax was VND 21.013 trillion, approximately 41% higher than the same period in 2018.

Contracted sale, including both contract value of both retail sale units and transaction value of bulk sale, were VND 66.552 trillion during the nine-month period ended September 30, 2019, an increase of 177% over the same period of last year.

As at September 30, 2019, Vinhomes had total consolidated assets of VND 161.662 trillion, and total equity of VND 63.483 trillion, an increase of VND 41.973 trillion and VND 15.338 trillion respectively compared to the balances as at the end of 2018.

In 3Q2019, Vinhomes has organized a series of marketing and community events that leverages the beautiful landscape at three mega-city projects namely Vinhomes Grand Park, Vinhomes Smart City, and Vinhomes Ocean Park.

In July 2019, the Vinhomes Grand Park project was launched for sales and immediately set a record on Ho Chi Minh City’s real estate market by successfully selling more than 10,000 units in only 17 days, recording absorption rate of 100%. More marketing events will be held at Vinhomes Grand Park in 4Q2019 on the back of positive sales momentum.

In Hanoi, the 6-hectare Japanese Garden at Vinhomes Smart City project opened in September 2019, introducing a record-setting 5,000-lantern garden, a forest of valuable Buddhist pine trees, a man-made mountain, and a 12-meter high stone cliff. Vinhomes also organized a series of entertainment events attracting over 24,000 potential homebuyers and resulted in double monthly sales.

At Vinhomes Ocean Park, after large-scale launch events in May 2019 organized around the central lake, the project continued to be a destination for various types of activities such as beach party, BBQ party, Mid-autumn Festival in the third quarter of 2019. Thousands of customers also visited the project site and show rooms during weekends. On 14 July 2019, the Sapphire 1 zone was launched, offering attractive products located at the heart of this ocean city with direct view to the 24.5ha central reservoir.

In addition to robust retail sales, wholesale activities continued to be strong in 3Q2019 at Vinhomes mega projects. Specifically, five blocks of Vinhomes Smart City and 21 blocks of Vinhomes Grand Park have been sold to sub-developers, providing more options for residents at Vinhomes mega projects.

Vinhomes will issue Resident cards to all customers of Vinhomes Ocean Park and Vinhomes Smart City who have signed sales and purchase agreement so that they can freely enter and enjoy the projects’ landscape and infrastructure before hand-over instead of having to wait until the handover date.

Other Vinhomes projects in Hanoi, Ho Chi Minh City and other cities were also warmly received.
In 4Q2019, Vinhomes plans to launch a few new projects to offer diversity to both homebuyers and investors.

Hanoi, July 29, 2019, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements of the six-month period ended 30 June 2019 prepared in accordance with Vietnamese Accounting Standards (VAS).

In the six-month period ended 30 June 2019, consolidated net revenue and profit after tax attributable to shareholders of the parent were VND 26.770 trillion and VND 9.783 trillion respectively.

Revenue from sale of inventory properties in this period was VND 24.963 trillion, accounting for 93% of total revenue. Projects under business cooperation contracts with Vingroup and its subsidiaries, including Vinhomes The Harmony, Vinhomes Imperia, Vinhomes Dragon Bay, Vinhomes Star City Thanh Hoa and Vinhomes Skylake, reported total revenue of VND 7.999 trillion. Besides, revenue from leasing investment properties and revenue from rendering real estate management services was VND 1.197 trillion. In this period, consolidated profit before tax was VND 13.416 trillion, approximately 35% higher than the same period in 2018.

Contracted sale including pre-sales under new sale and purchase agreements and non-cancelable deposits (including projects under cooperation development agreements with Vingroup and its subsidiaries) were VND 30.873 trillion during the first half of 2019, an increase of 93% over the same period of last year.

As at June 30, 2019, Vinhomes had total consolidated assets of VND 138.695 trillion, and total equity of VND 58.910 trillion, an increase of VND 19.006 trillion and VND 10.765 trillion respectively compared to the balances as at the end of 2018.

In 2Q2019, Vinhomes JSC successfully rebranded the three VinCity projects into Vinhomes-branded mega projects with a variety of product offerings and comprehensive amenities. Each Vinhomes mega city consists of three distinct product lines that cater to customers from mid to high-end, including: Sapphire, Ruby and Diamond.

Vinhomes Ocean Park (previously VinCity Ocean Park) is a 420-ha Lake city, a mixed-use mega project that features Vietnam’s largest man-made lakes, including a 6.1ha salt-water lake. In 2Q2019, Vinhomes Ocean Park’s 24.5ha central reservoir was unveiled with the “Lagoon Festival” events, attracting nearly 50,000 future residents and customers.

Vinhomes Smart City (previously VinCity Sportia) in Hanoi is the largest smart city in Vietnam – a pioneering step of Vinhomes in particular and Vingroup in general. Vinhomes will apply advanced technology in project management and services in four main areas: Smart Security, Smart Operation, Smart Community and Smart Homes (commercial product available on demand), creating a new living standard for elite residents in the new commercial center of Hanoi.

Vinhomes also successfully introduced the Vinhomes Grand Park project to the market in June 2019. This is a smart green city in which there will be a mega 36ha grand park consisting of 15 smaller themed parks. At the same time, smart technology will also be applied in the project in the aforementioned four key areas. The project was an immediate success and recorded 100% absorption rate for over 10,000 units within only 17 days after soft launch, a rare achievement in the real estate market in South Vietnam.

Last but not least, Vinhomes continues to make progress in various projects in Hanoi, Ho Chi Minh City and other major cities and provinces, contributing to the modernization of Vietnam. In subsequent quarters in 2019, the Company aims to make progress and launch more projects into a supportive market backdrop, especially in the last months of the year.