Real estate and construction companies hope the real estate market will warm up this year. 

The DIC Corp (DIG) has drawn up an ambitious business plan for 2023 with consolidated revenue of VND4 trillion, an increase of 98 percent over last year, and post-tax profit of VND1.4 trillion, or seven times higher than 2022. If this occurs, it would be the highest ever figures for DIG.

Vinhomes (VHM) has projected revenue of VND100 trillion for 2023 and post-tax profit of VND30 trillion, up 60.3 percent and 2.9 percent, respectively, over 2022, which would be a record high for the real estate developer.

Coteccons (CTD) says its business plan for 2023 calls for consolidated revenue up by 12 percent to VND16.249 trillion and post-tax profit of VND233 billion, or 10 times higher over 2022.

Tin Nghia IZ (TIP) plans to earn VND368 billion in revenue and VND168 billion in post-tax profit, up 65 percent and 62 percent, respectively, compared with the figures of 2022. This would be a record high revenue and profit since its listing on the bourse.

Hoang Quang Trade and Real Estate Service (HQC) has projected 5.1 times more revenue to VND1.7 trillion and 7.4 percent more in profit to VND140 billion in 2023.

In the food and beverage industry, Sabeco plans for VND40.272 trillion in revenue and VND5.775 trillion in post-tax profit, up 15.1 percent and 5 percent, respectively, over 2022.

Sabeco had a prosperous 2022 with net revenue of VND34.979 trillion and post-tax profit of VND5.5 trillion as the economy began recovering after Covid-19.

The nation’s leading dairy producer Vinamilk targets revenue to be VND63.38 trillion in 2023, up 5.5 percent, and targeted pre-tax profit of VND10.496 trillion, equal to 2022. In 2022, its consolidated revenue was VND60.075 trillion and post-tax profit was VND8.578 trillion.

Businesses believe that operations will prosper in 2023. DIC chair Nguyen Thien Tuan said his company will focus on exploiting the land bank and existing products. It will cooperate with foreign investors to develop medium and long term projects. 

Meanwhile, it will focus on collecting debts and stopping capital contribution deals that don’t bring high benefits.

Vinamilk’s CEO Mai Kieu Lien affirmed that the dairy market remains promising because the population and people’s income are increasing, while the average consumption per capita remains low.

In the pharmacy sector, Traphaco plans to launch at least 19 new products with the revenue of about VND36 billion.

Manh Ha