Bluemarq Group reports record customer prepayments amid profit decline

Bluemarq Group (formerly Dat Xanh Group) reported a record 9,056 billion VND in customer prepayments for apartments as of September 30, 2026. This figure represents an increase of nearly 2,880 billion VND, or 46.6%, compared to the beginning of the year.

Despite the rise in prepayments, the company's third-quarter financial results showed a significant decline in profitability. Net profit after tax for Q3 2026 fell 98% year-on-year to 3.2 billion VND. For the first nine months of 2026, net profit reached 252 billion VND, a 51% decrease compared to the same period in 2025.

The company attributed the challenges to high mortgage interest rates, which have made buyers more cautious. Revenue from apartment sales, land plots, and real estate brokerage services declined in the third quarter, contributing to a 270 billion VND drop in gross profit.