Sat , 25/04/2026, 15:46:00 (GMT+7)
Entering 2026, VINACONEX has adopted a cautious growth strategy, proactively slowing down to restructure and build resources for the next cycle of sustainable expansion.
On April 25, 2026, VINACONEX successfully held its 2026 Annual General Meeting of Shareholders (AGM) in Hanoi.
The General Meeting was chaired by a Presidium consisting of Mr. Tran Dinh Tuan, Chairman of the Board of Directors; Mr. Nguyen Xuan Dong, General Director; and Mr. Le Minh Tu, Member of the BOD.
In his report, General Director Nguyen Xuan Dong noted that 2025 marked the highest growth milestone in the Corporation's history. Consolidated revenue reached VND 19,868 billion, achieving 128% of the annual target and rising 151% compared to 2024. Consolidated profit after tax reached VND 3,865 billion, equal to 322% of the target and a 349% increase year-on-year. The holding company alone recorded revenue of VND 15,169 billion and profit after tax of VND 3,453 billion, while maintaining a dividend rate of 16%.
Addressing the AGM, Chairman Tran Dinh Tuan affirmed that these positive results were driven by a flexible management strategy, effective risk control, and strong project execution capabilities, further strengthening VINACONEX's market position.
These impressive results continue to validate the effectiveness of VINACONEX's three-pillar growth strategy: Construction, Real Estate Investment, and Financial Investment. In addition, VINACONEX was recognized in several prestigious rankings, including Top 2 Most Reputable Construction Contractors, Top 10 ESG Companies in the construction contractor group, and Top 500 Largest Enterprises in Southeast Asia.
Construction - Strengthening Governance and Workforce Training
The Corporation continues to maintain strong momentum, securing over VND 9,200 billion in new contract wins, ensuring a stable pipeline of work for the years ahead.
A number of large-scale, strategic projects are currently underway, including the Eastern North-South Expressway (La Son - Hoa Lien section), the Ho Chi Minh City - Long Thanh Expressway, and the Ninh Binh - Hai Phong Expressway (sections passing through Nam Dinh and Thai Binh). Efforts in corporate governance, digital transformation, and high-quality workforce training continue to be prioritized. Notably, in partnership with Hanoi University of Civil Engineering, VINACONEX has successfully trained the first generation of engineers specializing in urban and high-speed railways.
Regarding the real estate sector, VINACONEX has maintained stable operations while expanding into the social housing segment. Several flagship projects continue to be pushed forward, including VINACONEX Diamond Tower (Hanoi), Vera Diamond City (Mong Cai - Quang Ninh), and Capital One (Kim Van - Kim Lu, Hanoi). Notably, the Kira Home social housing project in Phu Tho has officially topped out, marking a concrete step in the strategy to develop housing that meets genuine market demand.
As for the financial investment sector, the Corporation continues to shift its focus toward sustainable development and social welfare. Key examples include the partnership to develop the AEGIS International Hospital network and the investment in VIWASEEN, gradually expanding into clean water, wastewater treatment, and environmental solutions.
At the AGM, shareholders approved the 2026 business plan, targeting consolidated revenue of VND 15,423 billion and consolidated profit after tax of VND 1,037 billion. The holding company set targets of VND 10,740 billion in revenue and VND 1,018 billion in profit after tax, while maintaining a dividend payout of 16%.
In response to shareholder concerns, the Corporation's leadership stated that 2026 will be managed with caution, prioritizing risk control and maintaining stable operations amid ongoing market volatility, particularly pressures from raw material prices and construction costs.
The General Meeting also approved the dismissal of two Board members and elected two new members for the 2022-2027 term: Mr. Nguyen Hai Dang, Deputy General Director of the Corporation, and Mr. Le Phung Hoa, General Director of VINACONEX No.12., JSC.
In 2026, VINACONEX remains steadfast in its three-pillar growth strategy: Construction, Real Estate Investment and Development, and Financial Investment. At the same time, the Corporation will selectively expand into infrastructure, social welfare, and sustainable development sectors such as environmental solutions, clean water, healthcare, and education. The focus for the coming period is to enhance general contractor capabilities, develop real estate projects that align with market demand, tightly control cash flow, and make selective investments, while driving innovation and digital transformation to boost productivity and operational efficiency across the entire system.
Following a productive, responsible, and transparent session, the 2026 Annual General Meeting of Shareholders of VINACONEX Corporation concluded successfully, laying the foundation for steady development and growing contributions to the community and society.
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