Wed , 07/01/2026, 15:55:00 (GMT+7)
1. BREAKTHROUGH IN BUSINESS PERFORMANCE - REINFORCING STRONG GOVERNANCE
As 2025 came to a close, VINACONEX marked a major milestone in its development journey, with key business indicators reaching record highs. These results underscored the corporation’s strong leadership, effective governance, and resilience as a core enterprise navigating a complex and challenging economic landscape.
In the first nine months of 2025, consolidated net revenue and profit after tax across the entire system reached VND 11,413 billion and VND 3,783 billion, representing year-on-year increases of 40% and fivefold, respectively—the highest nine-month performance in the Group’s history. At the holding company level, revenue reached VND 7,473 billion, while profit after tax totaled VND 3,386 billion, up 35% and more than six times compared to the same period in 2024.
These achievements reflect the consistent and strategic leadership of the Party Committee, Strategic Council, Advisory Council, Board of Directors, and Board of Management, together with the unity, determination, and tireless efforts of employees across the VINACONEX system.
Throughout 2025, VINACONEX continued to modernize its governance framework, enhance transparency, and improve operational efficiency across member units. The Corporation proactively streamlined its investment portfolio, focusing on core businesses with clear competitive advantages, while preparing a high-quality workforce to meet the demands of the next development phase. Risk management, financial consolidation, and resource optimization were implemented in a coordinated manner, creating a solid foundation for innovation and sustainable growth.
The record performance achieved in 2025 is not merely a reflection of short-term success but also a strong platform for VINACONEX to confidently move into its next growth chapter, in which human capital, green transformation, and digital transformation will serve as the Group’s key strategic pillars - enhancing Corporation’s competitiveness and reaffirming VINACONEXs role as a trusted partner accompanying the nation in a new era of development and aspiration.
2. FIRST ENTRY INTO THE FORTUNE SEA 500 - VINACONEX EXPANDS ITS REGIONAL FOOTPRINT
Building on several years of strong business momentum, VINACONEX was named to the Fortune Southeast Asia 500 (Fortune SEA 500) for the first time in 2025, marking a significant milestone in its regional growth journey. The recognition underscores VINACONEX’s expanding scale, operational efficiency, and rising competitiveness, positioning the Corporation among Southeast Asia’s leading enterprises.
VINACONEX’s inclusion in the Fortune SEA 500 reflects not only its impressive business results but also its strategic vision, pioneering mindset, and governance standards increasingly aligned with international best practices. From its position as a leading construction and investment corporation in Vietnam, VINACONEX is steadily establishing a broader regional presence, ready to integrate more deeply into regional value chains.
Alongside this regional milestone, VINACONEX continued to earn recognition from respected domestic and international organizations throughout 2025. Notable honors include being named among Forbes Vietnam’s Top 25 Best-Performing Listed Companies, Top 2 Most Reputable Construction Enterprises, Top 50 Best Enterprises in Vietnam, Top 10 ESG Enterprises, and Top 2 Best Workplaces in the Construction Industry. Together, these accolades reflect comprehensive recognition of VINACONEX’s business performance, governance, sustainability, and workplace quality.
3. PIONEERING MAJOR INTERNATIONAL AIRPORT PROJECTS – DEMONSTRATING THE HALLMARK OF A LEADING CONTRACTOR
In 2025, VINACONEX marked a significant milestone in aviation infrastructure development, as the Corporation simultaneously delivered key works at two of Vietnam’s most strategic international airport projects, which play a critical role in enhancing national connectivity and global integration, further reinforcing VINACONEX’s position as a leading Vietnamese contractor on projects of national and international significance.
At Long Thanh International Airport, one of the most substantial and complex infrastructure projects currently underway, VINACONEX has been entrusted with multiple critical packages, including the passenger terminal, taxiways, aircraft aprons, and essential aviation-support infrastructure. Serving as a pioneer contractor on technically demanding components, VINACONEX has demonstrated strong capabilities in construction management, quality control, and schedule discipline - meeting stringent international standards throughout project execution.
On 19 December 2025, Long Thanh International Airport welcomed its first technical flight, marking a major milestone toward completing Phase 1 and preparing for commercial operations scheduled for mid-2026. This milestone reflects the collective efforts of all stakeholders, with VINACONEX playing a key role as a core contractor of the project.
In parallel, VINACONEX led the contractor joint venture for the first time on the Terminal T2 Expansion Project at Noi Bai International Airport. The project presented unique challenges, requiring capacity expansion while maintaining uninterrupted airport operations. Through a carefully planned construction approach and effective on-site coordination, the project was completed and commissioned three months ahead of schedule.
4. CONTRIBUTING TO THE 3,000-KILOMETER EXPRESSWAY MILESTONE - VINACONEX HONORED BY THE PRIME MINISTER
On December 19, 2025, VINACONEX was honored by the Prime Minister with a Certificate of Merit in recognition of its outstanding performance in the national high-intensity campaign “500 Days and Nights to Complete 3,000 Kilometers of Expressways.” This large-scale, demanding project has played a pivotal role in accelerating transport infrastructure development and strengthening the country’s strategic connectivity. The commendation is a meaningful acknowledgment of VINACONEX’s direct and substantive contributions to realizing this national priority.
Building on its involvement in the expressway projects phase 1 (2017-2020), VINACONEX continued to leave a strong imprint across Phase 2 (2021-2025). In 2025, the Corporation was among the core contractors delivering key sections of the North-South Expressway, including Bai Vot-Ham Nghi, Van Phong-Nha Trang, and Vung Ang-Bung. Through well-structured construction planning, disciplined schedule control, and close coordination with project owners, multiple packages delivered by VINACONEX were completed on schedule or up to three to six months ahead, making a significant contribution to the accelerated rollout of the national expressway network.
Beyond the North-South corridor, VINACONEX has participated in a wide range of major transport projects nationwide, including Ho Chi Minh City Ring Road 3, the Bien Hoa-Vung Tau Expressway, the Tuyen Quang-Ha Giang Expressway, La Son-Hoa Lien, Ho Chi Minh City-Long Thanh, the Capital Region Ring Road 4, the Phu Thu Interchange, and the grade-separated interchange between Ring Road 3.5 and Thang Long Boulevard. Its presence across north-south, east-west, and urban ring roads underscores the Corporation’s execution capability and long-term strategic focus on transport infrastructure.
Alongside public investment projects, VINACONEX has continued to earn trust from international partners on foreign-invested developments. At major projects such as the Vung Ang 2 Thermal Power Plant, the Corporation has been highly regarded by international contractors for its construction expertise, professional project organization, and ability to perform effectively within complex technical environments governed by stringent international standards.
In 2025, VINACONEX marked a new phase of qualitative growth in real estate, one of the Corporation’s three strategic pillars. Throughout the year, the Corporation continued to expand its investment portfolio, focusing on modern, integrated, and sustainable developments, steadily strengthening its standing as a professional real estate developer in the market.
The project portfolio spans a wide range of asset classes and segments. It includes high-end hospitality, commercial, and service complexes such as Capital One, representing the premium real estate segment with stringent requirements for design, construction quality, and operational standards; commercial and office projects like Vinaconex Diamond Tower; as well as large-scale urban projects such as Vera Diamond City and resort-oriented urban areas in Tuy Hoa and Dak Lak.
Alongside urban and commercial real estate, VINACONEX has also accelerated investments in industrial parks and high-tech zones, aligning with national priorities for digital transformation, innovation-driven growth, and the attraction of high-quality investment capital.
Guided by a long-term investment vision, VINACONEX remains committed to a sustainable development philosophy in real estate that places humans at the center, views livable environments as the foundation, and prioritizes lasting value for communities. This approach continues to underpin the Corporation’s efforts to enhance its market position and credibility, while making meaningful contributions to Vietnam’s urban and economic development strategy in the years ahead.
6. SELECTED AS A SOCIAL HOUSING DEVELOPER - VINACONEX CREATING VALUE FOR THE COMMUNITY
In line with the Government’s policy on social housing development, VINACONEX was selected by the Ministry of Construction as one of 18 enterprises nationwide entrusted with implementing social housing projects. This role represents not only an economic mission but also a social responsibility, reflecting the Corporation’s commitment to partnering with the State to address housing needs, particularly for workers and middle- to low-income groups.
In 2025, VINACONEX participated in both construction and equity investment in the Kira Home Social Housing Project in Viet Duc Legend City. The project was among 80 landmark developments nationwide selected for groundbreaking or inauguration in celebration of the 50th anniversary of the Liberation of the South and National Reunification (1975-2025). Designed to provide stable, long-term housing solutions, the project serves workers, officials, and employees across multiple localities.
VINACONEX continues to study and propose the development of additional social housing projects in various provinces and cities, contributing to the Government’s goal of delivering one million social housing units nationwide - a program of profound social significance in Vietnam’s new development phase.
Beyond housing, the Corporation remains focused on investing in essential sectors that directly benefit communities, including clean water and education. In education, the Ly Thai To Integrated Education System, with more than 20 years of stable operation and a strong track record in nurturing future generations, has become a trusted educational institution in Hanoi, contributing to a high-quality learning environment for students.
In the energy sector, VINACONEX’s investment in and operation of the Dakba Hydropower Plant (Quang Ngai) and the Ngoi Phat Hydropower Plant (Lao Cai) continue to support national energy security while promoting socio-economic development, particularly in mountainous and disadvantaged regions.
For VINACONEX, business growth is inseparable from social responsibility, where progress goes hand in hand with service to society. Each project and every achievement is measured not only by economic performance, but also by the sustainable value created for communities and future generations.
In 2025, VINACONEX took a strategic step forward in expanding its multi-sector investment ecosystem, marking its formal entry into essential service sectors that directly impact quality of life, most notably healthcare and water and environmental infrastructure.
The groundbreaking of AEGIS International Hospital, one of the largest private healthcare complexes in Vietnam, designed to international standards, reflects VINACONEX’s long-term vision in developing high-quality healthcare services. Planned as a modern medical complex integrating advanced medical technologies and digitalized management models, AEGIS aims to enhance domestic access to world-class healthcare services.
Alongside healthcare, VINACONEX continued to strengthen its presence in water and environmental infrastructure through the acquisition of a controlling stake in Vietnam Water and Environment Investment Corporation (VIWASEEN). This move represents a key milestone in completing the Corporation’s investment value chain, reinforcing its role in critical infrastructure sectors that support sustainable urban development and environmental protection.
Through these projects, VINACONEX is progressively shaping a comprehensive investment ecosystem encompassing housing, education, healthcare, commercial services, clean water, and environmental infrastructure - an ecosystem centered on people, measured by quality of life, and community value. This integrated approach not only expands VINACONEX’s long-term growth horizon but also makes a meaningful contribution to the nation’s sustainable development goals in the new era.
8. ELEVATING HUMAN CAPITAL AND ACCELERATING DIGITAL TRANSFORMATION - DRIVING MOMENTUM FOR THE NEXT PHASE OF GROWTH
With a long-term vision, VINACONEX has identified humans and technology as two core pillars underpinning its next phase of development. In 2025, the Corporation proactively rolled out a series of in-depth training programs focused on strategic priority areas such as high-speed rail, advanced engineering, high-tech construction, and emerging majors aligned with the nation’s modern infrastructure agenda.
Alongside domestic training programs, VINACONEX took the lead in sending managers and engineers to participate in research and training programs in countries with advanced science and technology capabilities. These programs enabled personnel to gain exposure to modern technologies, management practices, and international standards - laying the groundwork for a high-quality workforce capable of mastering advanced technologies and undertaking substantial, technically complex projects in the years ahead.
In parallel with human resource development, VINACONEX accelerated digital transformation across the entire system, expanding the application of information technology, modern management platforms, and artificial intelligence in project management, operations, and construction execution. These initiatives have contributed to improved construction quality, streamlined operational processes, and enhanced overall production and business efficiency.
9. ENHANCING COMPETITIVENESS, ADVANCING GLOBAL INTEGRATION
In 2025, VINACONEX marked a significant expansion of its international footprint by deepening and selectively advancing cooperation with foreign partners. The Corporation signed a series of strategic cooperation agreements with reputable partners from South Korea, China, Japan, and Europe across key sectors including construction, investment, healthcare, and education.
These partnerships go beyond capital cooperation, providing VINACONEX with access to advanced technologies, international management expertise, and global best practices in governance, design, construction, and project operations. Through such collaboration, the Corporation has continued to enhance the quality of its products and services, while strengthening its capacity to deliver sunstantial projects in line with regional and international standards.
Amid increasingly deep economic integration, VINACONEX’s proactive approach to international collaboration reflects its open mindset, global outlook, and agility in adapting to evolving market demands. This strategy not only reinforces the Corporation’s competitiveness and market position, but also underscores VINACONEX’s readiness to integrate globally, confidently partnering with international stakeholders and steadily expanding its presence across regional and global markets.
10. CULTIVATING CORPORATE CULTURE, STRENGTHENING COMMUNITY COMMITMENT
Throughout its development journey, VINACONEX has always regarded people and a strong organization as the cornerstone of long-term growth. In 2025, alongside its focus on enhancing business performance, the Corporation continued to invest in building and promoting corporate culture, considering it as a vital source of shared values, cohesion, and collective commitment across the entire system.
Within this effort, the Trade Union and Youth Union of VINACONEX played an active role as trusted companions to employees and young professionals, serving as a bridge between the workforce and the Corporation’s strategic objectives. Through well-organized engagement initiatives that support both material and spiritual well-being, these organizations fostered unity, inspired creativity, and created a motivating environment where employees are proud to grow with VINACONEX.
In parallel with strengthening corporate culture, VINACONEX continued to demonstrate its social responsibility by actively participating in community support and social welfare programs nationwide, particularly in areas affected by natural disasters and public health challenges. In 2025, the Corporation and its member units carried out timely and meaningful charitable initiatives, reflecting a strong sense of social commitment and shared responsibility, with total contributions reaching nearly VND 5 billion.
This sustained focus on corporate culture and social responsibility has shaped the distinctive identity of VINACONEX, a united, disciplined, and humane organization where professional capability and collective spirit reinforce one another, forming a solid foundation for sustainable growth in the future.
As 2025 comes to a close, VINACONEX’s journey is marked by comprehensive achievements across multiple fields. These results not only reflect a year of persistent effort, but also underscore the resilience, expertise, and pioneering spirit of a leading enterprise that continues to stand alongside the nation’s major development goals.
Building on the values carefully cultivated over time, VINACONEX enters 2026 with renewed ambition, a pioneering mindset, and strong determination to innovate - steadily advancing on its path of value creation, strengthening competitiveness, and contributing ever more meaningfully and sustainably to the country’s development in a new era./.
