Van Phu Real Estate Development Joint Stock Company faced key projects stagnate

Van Phu Real Estate Development Joint Stock Company is grappling with serious difficulties as the Van Phu Resort - Loc Binh project remains largely “on paper” after six years, mainly due to prolonged site clearance issues. The company’s financial statements show operating cash flow plunged by over VND 1,272 billion in the first half of 2025, with inventories surging at the Vlasta Thuy Nguyen project. Depleted cash flow and mounting debts are amplifying the risk of VPI becoming bogged down in its stalled projects.

Van Phu Real Estate Development Joint Stock Company is grappling with serious difficulties as the Van Phu Resort - Loc Binh project remains largely “on paper” after six years, mainly due to prolonged site clearance issues. The company’s financial statements show operating cash flow plunged by over VND 1,272 billion in the first half of 2025, with inventories surging at the Vlasta Thuy Nguyen project. Depleted cash flow and mounting debts are amplifying the risk of VPI becoming bogged down in its stalled projects.

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