CityLand Named among 50 Most Profitable Businesses in 2022

9:42:03 AM | 10/28/2022

CityLand is honored to be recognized as a Top 50 Profitable Business in Vietnam at an announcement ceremony of the 500 Best Profitable Business in Vietnam 2022.

The award was presented by the Vietnamnet Newspaper in collaboration with Vietnam Report Joint Stock Company in Hanoi on October 25, 2022.

PROFIT500 - the ranking list of the 500 most profitable companies in Vietnam in 2022 - is designed to honor the most profitable companies that would potentially become pillars of Vietnam’s economic development. This also helps introduce Vietnamese business brands to domestic and international business communities.

The ranking not only illustrates outstanding financial and communicative strengths but also shows growth potential, sustainable development, governance quality and market standing of companies that contribute to the success of the country’s economic development and prosperity.

Constantly fostering settlement - security - wellbeing - prosperity values

After 19 years of development, CityLand has made an ongoing effort to fulfill its mission of creating prosperous values for customers.

Not only bringing attractive economic benefits to investors and high-class residences for customers, CityLand urban residencies also make an important contribution to building civilized communities as well as generating a new look for dynamic Ho Chi Minh City. Before this title, CityLand has received many other national and international titles, including the 500 Largest Enterprises in Vietnam in two consecutive years in 2016 and 2017 and Top 10 Leading Brands in 2016, 2017 and 2018.

At the same time, CityLand was also named the best high-end real estate developer in Vietnam and Southeast Asia in 2018 as well as the best mixed-use urban area developer in Vietnam 2017 and 2020 by Dot Property Awards.

In 2022, the world and Vietnam in particular stepped out of the COVID-19 pandemic crisis to return to a new normal. The country’s economic recovery was forecast to have high growth prospects, with GDP expanding by 8.02% in 2022. One of the growth drivers of the economy was the transformation and effort of private companies, including CityLand.

Efforts to be a trusted brand

With extensive experience in upmarket property development, CityLand is ready for a new journey marking an important turning point in reaffirming its position as a leading luxury property brand in Vietnam.

According to its strategic vision for the 2020 - 2030 period, CityLand has stepped up investment promotion and develop large-scale projects in vibrant markets such as Hanoi, Phu Quoc and Dong Nai.

In addition, corporate culture and digital transformation have been actively accelerated to create more value-added opportunities for customers and the desired growth rate. And, all those efforts continued to be demonstrated with its PROFIT500 rankings in 2022.

Mr. Nguyen Hoai Nam, Deputy General Director of CityLand, said, “CityLand has the great honor of being named Top 50 profitable companies in 2022. In response to the recognition of the community and specialists, CityLand will add more effort to build more truly livable cities. Our mission is to create a prosperous life for people through high-class dwellings without affecting environmental quality.

Our strongest motivation is to provide a sustainable, high-quality life for everyone. On a broader scale, we want to bring sustainable values to Vietnam's socioeconomic development. We will endeavor to expand our business to the international market. That is also the goal that we outlined from the beginning and has continued to pursue for the past 19 years.”

Being in the 50 Most Profitable Companies in Vietnam in 2022 proved CityLand's strong development and bravery in the face of hardships and challenges and affirmed the leadership of CityLand brand in the Vietnamese real estate market. This is a solid foundation to leverage CityLand's further development and breakthrough in the coming time.

Source: Vietnam Business Forum