Phú Mỹ Hưng developer earns 7.5 billion dong a day

Phú Mỹ Hưng Development Co., the company behind Ho Chi Minh City's Phú Mỹ Hưng urban area, earned nearly 7.5 billion dong a day in the first half of 2026.

The company disclosed its financial results to the Hanoi Stock Exchange. Pretax profit exceeded 1.669 trillion dong, up 35% from the same period a year earlier. After-tax profit reached 1.355 trillion dong, an increase of nearly 40%.

Undistributed after-tax profit rose 47% to 13.556 trillion dong by June 30. Equity reached 17.053 trillion dong, up 63% year on year. Return on assets improved from 2.86% to 3.42%, while return on equity fell from 9.27% to 7.95% because equity grew faster than profit.

Total liabilities stood at 22.521 trillion dong, down 4% from a year earlier. The debt-to-equity ratio fell from 2.24 to 1.30. Bank loans, however, rose 46% to almost 8.279 trillion dong, while bond debt fell 35% to about 4.895 trillion dong. The company paid 566.7 billion dong in bond principal and 32.5 billion dong in interest during the period, including payments on two PMH bond lots on June 15.

The company's total assets were estimated at about 39.574 trillion dong on June 30. Phú Mỹ Hưng Development was established in 2008, with charter capital of 954 billion dong. Tân Thuận Industrial Development contributed 30% and Phu My Hung Asia Holdings Corporation contributed 70%. Tseng Fan Chih is the company's general director.