Nguyen Quoc Cuong projects rising real estate prices as Quoc Cuong Gia Lai slashes debt and targets growth

At the 2026 annual shareholders meeting, Nguyen Quoc Cuong, chief executive of Quoc Cuong Gia Lai (ticker QCG), said Vietnam's real‑estate prices are unlikely to fall and are expected to rise, citing rapid market fluctuations, the legal clearance of many projects and new land‑price tables that raise input costs. Construction material costs have risen 25‑30% from 2025, and the company forecasts a challenging 2026 with revenue of about VND 2,403 trillion and pre‑tax profit of VND 343 trillion.

The firm has markedly reduced its debt to banks and other financial institutions from VND 820 trillion to roughly VND 91 trillion, improving financial safety. Cuong noted that QCG’s share price, around VND 12,000, is well below its book value and said he would invest personally if suitable capital were available. He expects the share price to align with the firm’s intrinsic value once project delays are resolved.