Dat Xanh Group review: services, fees, pros and cons

Dat Xanh Group Joint Stock Company was founded in 2003 in Ho Chi Minh City and listed on the Ho Chi Minh Stock Exchange under the ticker HOSE: DXG in 2009 — one of the longer continuous listings among Vietnamese developers, which means audited financial statements and material disclosures are a matter of public record rather than private-company opacity. Over two decades the group grew into one of the country's largest real-estate businesses, combining its own residential developments — Opal Riverside, Opal Garden, Gold Hill and The Viva City among them — concentrated in Ho Chi Minh City and its satellite provinces, with a nationwide brokerage and distribution arm operating under the Dat Xanh Services (DXS) brand.

In May 2026, following shareholder approval on 17 April 2026, the group completed the most significant restructuring of its 23-year history: a new Business Registration Certificate renamed the parent entity BLUEMARQ GROUP Joint Stock Company, organised around four platforms — investment, development, asset management, and a continuing "Dat Xanh" brokerage brand — with the stock code DXG retained on HOSE. Founder Lương Trí Thìn stepped down as Chairman of the Board on 3 July 2026 to chair the group's new Strategic Council, a leadership handover still settling in as of this review. For a side-by-side view against Vinhomes, Sun Group and other names, see our comparison of Vietnam's best property developers.

Inside Hanoi, Dat Xanh Group's role is different from its role in the south. Its own delivered residential towers — Opal Riverside, Opal Garden, Gold Hill and The Viva City among them — sit mainly in Ho Chi Minh City and neighbouring provinces. In the capital and across the north, the group operates chiefly through its subsidiary Đất Xanh Miền Bắc (Dat Xanh North, established 2010), which distributes and sells apartment and land-plot projects built by other developers rather than constructing under its own name. Before treating a Hanoi listing you find through the Dat Xanh network as a "Dat Xanh Group project," confirm in writing whether the group holds the developer license for that specific project or is acting as sales agent — the distinction changes who is legally responsible for the building.

Whichever role applies, the underlying rules are unaffected: foreign buyers can hold eligible apartments for a renewable 50-year term, capped at 30% of the units in any one building, under Vietnam's property law for foreigners, and only within the property types foreigners are permitted to buy. The transaction sequence follows the standard local pattern — a reservation deposit, then a Sale & Purchase Agreement, staged payments backed by a bank guarantee on off-plan stock, and title registered on the Pink Book after handover; see our step-by-step buying process for the full sequence. If you plan to borrow locally, check our guide to mortgages for foreigners before assuming financing is available, and run the same due diligence — title, quota headroom, escrow, and, given the 2026 restructuring, which legal entity is actually signing the contract — as you would with any developer. After handover, service charges and building management pass to the owners' general assembly, as at any Vietnamese condominium.

Legal references used in this review: Housing Law 2023 (27/2023/QH15) on foreign ownership tenure and quotas, and the Law on Real Estate Business 2023 (29/2023/QH15) on developer licensing and bank-guarantee requirements for off-plan sales. Corporate facts — founding date, listing history, the 2026 restructuring into Bluemarq Group, leadership changes and the Đất Xanh Miền Bắc subsidiary — are drawn from the group's own public disclosures on the Ho Chi Minh Stock Exchange and mainstream Vietnamese business press. See also our guide to Vietnam property law for foreigners for the underlying ownership rules.