Kido’s Vision: Food Industry Leaders Unveil Exciting Real Estate Ambitions

Leaders from Kido Group, a prominent food and cooking oil company in Vietnam, recently discussed how new government policies are helping the real estate market. This environment is making it easier for Kido to develop its land.

During their annual meeting in Ho Chi Minh City, Kido’s board proposed to shareholders that they look for partnerships to utilize the company’s land reserves and those of its affiliates.

Unlocking Potential

Tran Le Nguyen, Kido’s general director, informed shareholders about the land accumulated over the years. To make good use of this land, Kido is following government guidelines to launch real estate projects. Nguyen emphasized that successful project execution could significantly boost Kido’s market value and benefit shareholders.

Nguyen Cong Hao, the deputy general director, outlined several major projects, such as Whale Bay and KDC Central Tower, which will require external collaborations to move forward. He noted that the real estate market is gaining traction as many legal hurdles are being cleared. This improvement attracts foreign investment, providing Kido with a conducive environment to initiate projects on its land.

Real Estate Experience

Kido isn’t new to real estate. The company previously bought Hung Vuong Plaza in Ho Chi Minh City, which now boasts a high occupancy rate, bringing in substantial annual profits. Kido plans to acquire another commercial center soon.

Interestingly, Kido also aimed to join the Lavenue project in District 1 but is currently waiting for legal approval.

Navigating Consumer Challenges

At the meeting, chairman Tran Kim Thanh highlighted the post-pandemic struggles for consumer spending. Despite weak purchasing power, Kido is proactively addressing rising oil prices and currency fluctuations. There are positive signs, especially in the food and confectionery sectors. Yet, investment challenges remain. The recent government resolution encouraging private sector development is helping alleviate some of these issues.

“With valuable land assets, we will approach future investments cautiously,” Thanh stated.

Financial Aspirations for 2025

For 2025, Kido aims for a net revenue of VND13 trillion (about $498 million) and a pre-tax profit of VND800 billion (around $30 million). This target reflects not just growth in core areas, but also gains from strategic investments and potential mergers.

Kido’s shares on the Ho Chi Minh Stock Exchange closed recently at VND54,200 ($2.08) each.

Looking Ahead

Kido Group is positioned for growth, leveraging its land assets and tapping into the recovering real estate market. The blend of past experience and current opportunities paints a promising picture for the future. As the market stabilizes, Kido’s approach may serve as a blueprint for others navigating similar challenges.

For more insights into Vietnam’s real estate trends, you can check resources like Vietnam Economic Times and Vietnam News.

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Vietnam, Food major KIDO, bold real estate ambitions, Whale Bay, KDC Central Tower, KDC Residence.