CEO Group targets ranking at least 250th in the top 500 largest Vietnamese enterprises list (VNR500) and in the top 10 of private real estate developers in Viet Nam by 2021.

At its annual shareholders’ meeting in Ha Noi yesterday, the group announced that it is also targeting for this year at least VND2.2 trillion (US$96.5 million) in revenue, after-tax profit of VND370 billion ($16.2 million), and dividend payout ratio of 10 per cent.

By 2021, the CEO Group expects to be working in five key areas: real estate, resort property, construction, tourism and hotel management, and human resource development.

The group plans to create an SONASEA brand that would be listed among the top 10 hotel management systems in the country, and have 3,000 five-star hotel rooms.

It also aims to be one of the top 10 largest labour export companies in the country and one of the five largest companies exporting labourers to Japan.

Last year, the CEO Group increased its position from 442 in 2016 to 310 in the VNR500 ranking in terms of revenue.

The company sent more than 1,000 employees to the Japanese market, an increase of 29.4 per cent compared to 2016.

Currently, the CEO Group is one of the three biggest investors in the Phu Quoc Pearl Island in the Cuu Long (Mekong) Delta province of Kien Giang.

It plans to launch a Best Western Premier Sonasea Phu Quoc in December. The condotel project has total investment cost of VND1.5 trillion ($66 million), and will include 549 rooms and 16 villas.

The project won the Best Landscape Design Award at Dot Property Southeast Asia’s Best of the Best event last year. — VNS