Ho Chi Minh City-based developer Phat Dat has demonstrated its high commitment and strong financial stead with the prompt settlement of $22.5 million foreign loans.

Ho Chi Minh City-based developer Phat Dat Real Estate Development JSC (HSX: PDR) has recently reported a VND250 billion ($10.87 million) bond buyback before maturity, demonstrating the company’s commitments to investors and shareholders.

Respect for commitments to shareholders and investors and making its best attempts to fulfil commitments in all cooperative relations are one of the key business characteristics of Phat Dat (HSX: PDR).

The shares of Phat Dat Real Estate Development JSC (HSX: PDR) may be added to two FTSE exchange traded funds (ETFs) portfolios in the first quarter of 2021.

Recently, world-leading index research and analysis organisation Morgan Stanley Capital International (MSCI), has proposed the inclusion of Phat Dat Real Estate Development JSC (HSX: PDR) in the MSCI Frontier Market 100 index within their most recent October report. PDR is amongst the two new entries to Vietnam's Top 28 listed companies in the index following Kuwait’s promotion to Emerging Market category. Until October 28, Phat Dat's market capitalisation has reached VND15.625 trillion ($679.35 million).

March rebalancings of investment portfolios may impede shares of FLC Faros, Novaland, PetroVietnam Power, and Phat Dat Real Estate, leaving investors high and dry.

According to information from the Vietnam Stock Depository, two funds under Dragon Capital, Vietnam Enterprise Investments Ltd. (VEIL) and Amersham Industries Ltd. (Vietnam Growth Fund) purchased 10 million Phat Dat Real Estate Development Corporation (PDR) shares on Feb 5.