IDC released its Q4 2024 results with revenue of VND2.0tn (USD77mn; -13% YoY and -14% QoQ) and NPAT-MI of VND358bn (USD14mn; -35% YoY and -30% QoQ). We attribute the QoQ decline mainly to fewer land handovers. In 2024, IDC’s revenue grew 22% YoY to VND8.8