Dat Xanh Group (DXG) Sets 2026 Revenue Target of VND 5,000B, Plans 14% Stock Dividend

Overview

Dat Xanh Group Joint Stock Company (HOSE: DXG) held its 2026 Annual General Meeting of Shareholders on April 17, 2026, approving key financial targets and a stock dividend plan. The company targets consolidated revenue of VND 5,000 billion and net profit of VND 268 billion for 2026, representing approximately 16% growth from 2025 results, alongside a planned ~14% stock dividend issuance.

Key Facts

• Approved 2026 revenue target: VND 5,000 billion.
• Approved 2026 net profit target: VND 268 billion.
• Planned stock dividend issuance ratio for 2026: approximately 14%, which would raise charter capital to over VND 12,600 billion.
• 2025 consolidated revenue: VND 4,192 billion; 2025 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 construction ~50% complete, with handover expected in Q2 2027.
• Gem Sky World project in Long Thanh, Dong Nai: Over 4,000 land plots have received land use right certificates; remaining ~1,800 plots to be commercialized by end-2026.
• Project pipeline: 10 projects in Ho Chi Minh City are ready for deployment, including 6 approved under the pilot mechanism of Resolution 171.

What Happened

Dat Xanh Group held its 2026 Annual General Meeting of Shareholders on April 17, 2026, as reported in the company’s announcement. The meeting approved financial targets for 2026, including consolidated revenue of VND 5,000 billion and net profit of VND 268 billion, which implies approximately 16% growth from the 2025 results of VND 4,192 billion in revenue and VND 231 billion in net profit. Shareholders also approved a plan to issue a stock dividend at an estimated ratio of 14% in 2026, which would increase the company’s charter capital to over VND 12,600 billion.

The company stated that 2025 was a transitional year focused on operational stabilization, resource restructuring, and preparation for a new growth cycle. For 2026, Dat Xanh aims to accelerate deployment of key projects, with The Privé—a high-end real estate project—being a primary driver. Phase 2 sales are ongoing, Phase 3 sales are slated for Q2 2026, and Phase 1 construction is approximately 50% complete, with handover expected in Q2 2027. Revenue and profit from The Privé are projected to be recognized starting in 2027.

Market Context

Dat Xanh Group (DXG) is listed on the Ho Chi Minh City Stock Exchange (HOSE). The stock closed at VND 15 on April 15, 2026, down 0.33% with a volume of 18.3 million shares. The announcement of ambitious 2026 targets and a stock dividend plan comes amid a broader focus on recovery in Vietnam’s real estate sector, which has faced challenges related to liquidity and project approvals in recent years.

Strategic Significance

The 2026 targets and project pipeline highlight Dat Xanh’s strategic shift toward accelerating high-end project development and leveraging infrastructure tailwinds. The expected 2026 opening of Long Thanh International Airport is viewed as a key catalyst for large-scale housing demand in the region, benefiting projects like Gem Sky World. The company’s emphasis on projects approved under Resolution 171’s pilot mechanism indicates a focus on navigating regulatory frameworks to unlock land bank value in Ho Chi Minh City, potentially improving execution speed and cash flow visibility from 2027 onward.

What to Watch

• Q2 2026 sales launch of The Privé Phase 3.
• Progress updates on Gem Sky World commercialization of remaining ~1,800 plots by end-2026.
• Financial results for Q1 and Q2 2026 to assess progress toward the VND 5,000 billion revenue target.
• Official stock dividend issuance details and timeline in 2026.
• Impact of Long Thanh International Airport’s operational launch on regional demand and project valuations.