At the meeting, Mr. Nguyen Thuc Can – CEO of Everland Group – reported a consolidated revenue of VND 1,192 billion in 2024, marking a 9.45% increase year-over-year. Total assets reached VND 4,858 billion, up 35.95%, while shareholders’ equity rose 8.31% to VND 2,812 billion.

The inventory of commercial goods on the consolidated financial statements decreased by 87.2% to VND 11.1 billion compared to 2023. Meanwhile, construction-in-progress and real estate inventories amounted to VND 1,525.3 billion, up 73.7% year-over-year.

By the end of the fiscal year, consolidated cash and cash equivalents stood at VND 464.2 billion, while short-term financial investments reached VND 200.6 billion. Medium- and long-term credit debt amounted to VND 1,004.6 billion, equivalent to 20.7% of total consolidated assets. Notably, EVG reported zero bond debt, overdue liabilities, or non-performing loans.

The real estate segment continued to grow strongly in 2024. Alongside preparations for new projects, the Group focused on expediting construction of the Crystal Holidays Harbour Van Don complex, aiming to launch Phase 1 of the project in Q3 2025.

The year 2024 presented a “dual challenge” for EVG: addressing existing issues and removing its stock from the controlled trading list, while also seizing new opportunities for investment and development. Through strong determination and effort, the Group succeeded in achieving both goals as the year came to a close.

The year 2025 is viewed as a pivotal turning point to usher in a new era of development, driven by favorable policies and a business-friendly environment – especially for the private sector. Against this backdrop, the AGM approved the 2025 business plan, targeting VND 1,550 billion in consolidated revenue, VND 113 billion in post-tax profit, and total assets of VND 5,500 billion (including VND 3,500 billion at the parent company). A 5% dividend payout is also projected.

Mr. Le Dinh Vinh – Chairman of Everland Group – delivering a speech at the AGM.

In terms of strategic direction, EVG will focus in 2025 on scaling its core business segments: real estate, tourism, and services. The Group will continue to build a fully integrated real estate – tourism – service ecosystem as a key pillar for long-term growth. At the same time, it will explore new sectors aligned with emerging economic trends.

In real estate, efforts will be directed at resolving existing bottlenecks and accelerating new project development in provinces such as Hai Phong, Quang Ninh, Quang Ngai, Phu Yen, Khanh Hoa, and Dong Thap. The company also plans to step up sales at qualified projects to generate stable real estate revenue.

In tourism and services, the Group will strengthen its travel operations, integrating a variety of tourism offerings with destinations and lodging facilities under the Crystal Holidays brand. EVG is working with Thai-based Centara Hotels & Resorts to launch Phase 1 of the Crystal Holidays Harbour Van Don complex. In addition, the Group will launch a fleet of day and overnight cruises on Bai Tu Long Bay and continue to expand its tourism service ecosystem within the Van Don Special Economic Zone.

EVG and Crystal Holidays also aim to strengthen partnerships with leading domestic and international travel agencies to promote and develop tourism in Van Don and Bai Tu Long Bay. The Group plans to work closely with airlines to operate inbound charter flights to Vietnam.

- Source: cafeF.vn -