Signing of Multi-Billion-Dollar Project – DBFS Affirms Its Superior Model

This signing ceremony marks another significant milestone in DBFS’s journey of bringing its unique services to customers in Vietnam. Despite facing challenges since its establishment, such as the Covid-19 pandemic and the real estate market entering a downturn, DBFS has continued to pursue its goals and successfully signed and implemented many important projects. Among the key projects that mark DBFS’s success is the high-end Cara River Park apartment project by Cara Group, which is becoming a new symbol in Can Tho City, developed through DBFS’s superior model.

The high-end residential project assigned to DBFS has a strategically important location, situated on the central road of Tan Phu District, well-connected with major infrastructure projects in the area, such as the Tham Luong – Ben Cat Canal renovation project and Metro Line No. 2: Ben Thanh – Tham Luong. The area also lies in the central utility hub of Tan Phu District, with the Aeon Mall shopping center, Tan Son Nhat Airport, and numerous healthcare, education, and entertainment centers nearby.

During the ceremony, Mr. Le Hao, CEO of DBFS, shared: “2024 is a pivotal year, marking the recovery of the real estate market as the national economy shows signs of growth, investment and land law become clearer, and customer confidence is returning. This is the most favorable time to implement the project.”

“Tan Phu District lacks many well-organized projects like Celadon City. Therefore, with DBFS’s leadership team’s experience in project development and TC Tower’s land advantage, we believe and expect the project to become a new symbol of Tan Phu District, providing high-quality housing and attracting significant interest from customers,” said Mr. Tran Nhu Tung, Chairman of TCM’s Board of Directors and Chairman of TC Tower, during the signing ceremony.

The “Comprehensive Project Developer” model was introduced to the market with the establishment of Dat Xanh E&C Joint Stock Company in 2021 (the predecessor of DBFS, at that time a member company of Dat Xanh Group). By providing a comprehensive set of solutions, from market research, product research, product and construction design, marketing organization, sales, customer service, to project construction and handover, DBFS aims to bring the highest efficiency to investors through professionalism, transparency, and the outstanding capabilities of its project development team.

With this model, investors only need to own suitable land for the project, without the need to organize cumbersome machinery, become a professional real estate developer, or have large financial resources. They can still successfully implement the project and achieve results that exceed expectations, equivalent to those of a professional developer. Especially for foreign investors looking for opportunities in the Vietnamese real estate market, DBFS’s solution is a top choice.

Regarding the company’s future plans and direction, Mr. Le Hao revealed: “2024 is an important year for DBFS as we have separated from Dat Xanh Group to join a new ecosystem, which I am leading, called Victory Group. This ecosystem includes full capabilities in finance, business, project development investment, general construction contracting, and owns numerous properties for leasing in Ho Chi Minh City center. With new potential, a new ecosystem, and a unique business model, DBFS will certainly become a new phenomenon in the real estate market in Vietnam. In 2024 alone, we plan to sign cooperative agreements for 6 more medium and large-scale projects in locations such as Ho Chi Minh City, Binh Duong, Binh Phuoc, Binh Thuan, Can Tho, and Nghe An.”