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

Overview

Dat Xanh Group (DXG) held its 2026 Annual General Meeting of Shareholders, approving a revenue target of VND 5,000 billion for the year, a 16% increase from 2025. The company also plans a stock dividend of approximately 14% and outlined an acceleration of key real estate projects to drive growth, alongside a strategic restructuring into four business pillars.

Key Facts

• 2026 revenue target: VND 5,000 billion, up approximately 16% from 2025’s VND 4,192 billion.
• 2026 net profit target: VND 268 billion after tax.
• Planned stock dividend ratio: ~14%, which would raise charter capital to over VND 12,600 billion.
• The Privé project: Phase 2 sales ongoing; Phase 3 launch expected in Q2 2026; completion and handover targeted for Q2 2027.
• Gem Sky World project: Over 4,000 land plots have land use right certificates; remaining ~1,800 plots to be marketed by end-2026.
• Project pipeline: 10 projects in Hồ Chí Minh City ready for deployment, including 6 approved under Resolution 171 pilot mechanism.
• Strategic pillars: Investment, Project Development, Asset Management and Optimization, and Real Estate Services.

What Happened

At its 2026 Annual General Meeting of Shareholders on April 17, Dat Xanh Group (DXG) approved key financial targets and operational plans. According to the company filing, DXG reported consolidated revenue of VND 4,192 billion and net profit attributable to parent shareholders of VND 231 billion in 2025, partly driven by sales from The Privé project. For 2026, the company set a revenue target of VND 5,000 billion and net profit target of VND 268 billion, representing growth of about 16%. The meeting also approved a plan to issue a stock dividend at an expected ratio of approximately 14%, which would increase charter capital to over VND 12,600 billion.

The company emphasized accelerating key projects in 2026. The Privé project is currently in Phase 2 sales, with Phase 3 launch planned for Q2 2026; the project has completed about 50% of rough construction and is scheduled for handover in Q2 2027. At Gem Sky World in Long Thành, Đồng Nai, infrastructure investment is complete, over 4,000 land plots have land use right certificates, and the remaining ~1,800 plots are targeted for marketing by end-2026. Founder and Chairman Lương Trí Thìn outlined a strategic restructuring into four pillars: Investment, Project Development, Asset Management and Optimization, and Real Estate Services, aiming to shift toward recurring revenue streams.

Market Context

Dat Xanh Group (DXG) trades on the Hồ Chí Minh Stock Exchange (HOSE) and closed at VND 15 on April 15, 2026, with a slight decline of 0.33% on volume of 18.3 million shares. The real estate sector in Vietnam has faced cyclical challenges, but DXG’s guidance and project acceleration signal confidence in near-term execution. The stock dividend plan may appeal to income-focused investors, while the revenue growth target aligns with broader recovery trends in the property market.

Strategic Significance

The news highlights DXG’s pivot from a pure sales-driven model to one incorporating asset management for recurring revenue, as articulated by Chairman Lương Trí Thìn. This shift aims to mitigate cyclical volatility in real estate and attract investment capital. The acceleration of projects like The Privé and Gem Sky World provides tangible near-term catalysts, while the pipeline of 10 Hồ Chí Minh City projects under Resolution 171 offers medium-term growth potential. The four-pillar strategy could enhance long-term sustainability by diversifying income sources beyond project sales.

What to Watch

• Q2 2026 earnings release to assess progress toward the VND 5,000 billion revenue target.
• Launch of The Privé Phase 3 sales in Q2 2026 and subsequent revenue recognition.
• Marketing progress for the remaining ~1,800 plots at Gem Sky World by end-2026.
• Implementation of the ~14% stock dividend and its impact on charter capital.
• Updates on deployment of the 10 Hồ Chí Minh City projects, especially those under Resolution 171.