Report

CRV – Enterprises with potential urban areas in Hai Phong

• CRV Real Estate Group JSC (HSX: CRV) operates as a subsidiary of Hoang Huy Financial Group JSC (TCH), a major player headquartered in Hai Phong City. CRV has secured listing approval on HOSE, with trading slated to commence in October 2025, and currently commands the largest land bank within the TCH ecosystem.
• For FY2025 (April 1, 2025–March 31, 2026), management projects robust performance in the real estate segment, driven by the Hoang Huy New City II development. The project is advancing completion of its low-rise precinct, with sales launched since June 2025. Per guidance, CRV anticipates closing and delivering 350 low-rise units over the period, implying revenue of VND 4,100 billion—a 105% YoY surge
Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts
Thach Lam Do

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