- Business
- Ba Ria-Vung Tau House Development Joint Stock Company is a Vietnam-based real estate investment, urban development, and construction enterprise founded in 1990 and headquartered in Vung Tau City, Ba Ria - Vung Tau Province, Vietnam. The company specializes in the development of residential, commercial, industrial, and resort properties, as well as the provision of general construction contracting, building materials manufacturing, and property management services across southeastern Vietnam.
The company organizes its core operations into four primary business segments: Real Estate Investment and Development; Construction and Installation; Building Materials Production; and Property and Hospitality Services. Its Real Estate Investment and Development division engages in the acquisition, planning, construction, and commercialization of integrated urban townships, mid-to-high-rise residential apartment buildings, luxury hillside and coastal villas, social housing projects, and master-planned ecotourism resorts; with flagship property portfolios including The Light City urban area, Ngoc Tuoc 2 residential villa area, Tay 3/2 urban zone, Ecotown Phu My, Hodeco Plaza, and the Dai Duong integrated resort development. Its Construction and Installation segment provides full-scope civil engineering, industrial construction, foundation engineering, and infrastructure installation for residential, transport, and municipal utility projects. Its Building Materials Production unit manufactures and supplies ready-mix concrete, precast concrete components, quarry stone, and basic building aggregates for regional construction markets. Its Property and Hospitality Services segment delivers property management, commercial asset leasing, real estate brokerage, and hospitality operations, notably including the operation of the Fusion Suites Vung Tau hotel and serviced residences.
Ba Ria-Vung Tau House Development Joint Stock Company serves individual home buyers, institutional real estate investors, corporate tenants, and public-sector infrastructure clients primarily in Ba Ria - Vung Tau Province and neighboring growth corridors of southern Vietnam. The enterprise conducts operations directly and through specialized subsidiaries and affiliates focusing on concrete manufacturing, design consulting, and asset operations.
In recent corporate developments, the company has executed share capital increases through public rights offerings to existing shareholders and strategic placements to fund capital expenditure requirements for large-scale development projects, specifically advancing Phase 2 of The Light City and site development for the Dai Duong ecotourism and hospitality complex. The company has secured expanded debt financing and project credit arrangements with leading Vietnamese commercial banks, including Joint Stock Commercial Bank for Investment and Development of Vietnam and Joint Stock Commercial Bank for Foreign Trade of Vietnam, to ensure funding liquidity for ongoing infrastructure execution. Operationally, the enterprise has accelerated site clearance and regulatory licensing across its strategic land reserves in Vung Tau and Phu My, while reorganizing its hospitality and commercial leasing divisions to drive recurring operational revenue.