Dat Xanh Group (DXG) Targets VND 5,000B Revenue for 2026, Plans 14% Stock Dividend

Overview

Dat Xanh Group (DXG) held its 2026 Annual General Meeting of Shareholders (AGM) on April 17, approving a revenue target of VND 5,000 billion and net profit target of VND 268 billion for 2026. The company also plans a 14% stock dividend, which would raise its charter capital to over VND 12,600 billion. These targets represent a growth strategy centered on accelerating key real estate projects in Hồ Chí Minh City and Đồng Nai.

Key Facts

• Approved 2026 revenue target: VND 5,000 billion.
• Approved 2026 net profit target: VND 268 billion.
• Planned stock dividend ratio for 2026: approximately 14%.
• 2025 consolidated revenue: VND 4,192 billion; net profit attributable to parent company shareholders: VND 231 billion.
• Key project The Privé: Phase 2 sales ongoing; Phase 3 sales expected in Q2 2026; Phase 1 completion at 50% of rough construction, with handover expected in Q2 2027.
• Gem Sky World project in Long Thành, Đồng Nai: Over 4,000 land plots have land use right certificates; remaining ~1,800 plots to be commercialized by end-2026.
• Long Thành International Airport expected to commence operations in 2026, boosting housing demand in the area.

What Happened

Dat Xanh Group (DXG) successfully convened its 2026 Annual General Meeting of Shareholders on April 17, as reported in the company’s announcement. The meeting approved several key resolutions, including business targets for 2026 and a stock dividend plan. For 2026, the company aims to achieve revenue of VND 5,000 billion and net profit of VND 268 billion, representing approximately 16% growth compared to 2025 results. The AGM also approved a plan to issue a stock dividend at an expected ratio of about 14% in 2026, which would increase the group’s charter capital to over VND 12,600 billion.

The company highlighted that 2025 was a transitional year focused on stabilizing operations and restructuring resources. For 2026, DXG plans to accelerate the deployment of key projects. The Privé project is currently in Phase 2 sales, with Phase 3 sales expected in the second quarter of 2026. Construction progress for Phase 1 is at about 50% of rough work, with handover anticipated in the second quarter of 2027. Revenue and profit from The Privé are expected to be recognized starting in 2027. Additionally, the Gem Sky World project in Long Thành, Đồng Nai has completed infrastructure investment, and the company plans to commercialize all remaining plots by the end of 2026.

Market Context

Dat Xanh Group (DXG) is listed on the Hồ Chí Minh Stock Exchange (HOSE). As of April 15, 2026, DXG closed at VND 15, down 0.33%, with a trading volume of 18,316,400 shares. The real estate sector in Vietnam has shown signs of recovery, with developers like DXG focusing on project execution and land bank optimization. The announcement of growth targets and a dividend plan may attract investor attention amid ongoing market volatility.

Strategic Significance

The 2026 targets and project acceleration signal DXG’s shift from a stabilization phase to a growth-oriented strategy. The focus on high-end projects like The Privé and large-scale developments like Gem Sky World aligns with infrastructure tailwinds, such as the upcoming Long Thành International Airport. The planned stock dividend could enhance shareholder value and support capital structure, while the revenue recognition timeline from key projects provides a clearer cash flow outlook for 2027 and beyond.

What to Watch

• Q2 2026 sales launch of The Privé Phase 3.
• Progress in commercializing remaining plots at Gem Sky World by end-2026.
• Handover of The Privé Phase 1 in Q2 2027 and subsequent revenue recognition.
• Implementation of the 14% stock dividend plan in 2026.
• Updates on the 10 projects in Hồ Chí Minh City mentioned as ready for development.