<\/div><\/div>VINACONEX targets sustainable growth in 2026 with focus on infrastructure, real estate, and international cooperation<\/h1>
Keywords: <\/strong> VINACONEX, VCG, 2026 General Meeting of Shareholders, 2026 business plan, transport infrastructure, real estate, industrial parks, social housing, international cooperation<\/p>
At the 2026 General Meeting of Shareholders, Vietnam Import-Export and Construction Joint Stock Corporation (VINACONEX, stock code VCG) approved a consolidated business plan with revenue of VND 15.423 trillion and after-tax profit of VND 1.037 trillion. The parent company targets revenue of VND 10.740 trillion and after-tax profit of VND 10.18 billion, while maintaining a dividend rate of 16%.<\/p>
Setting a growth plan amid ongoing pressures on capital costs, legal procedures, and project competition in the construction and real estate industry shows that VINACONEX's direction is not only to expand scale but also to solidify its long-term development foundation. With extensive experience in large-scale infrastructure construction, a diversified project portfolio, and a strategy to expand into more stable profit margin areas, the company is demonstrating ambition to improve growth quality in the new phase.<\/p>
In 2025, VINACONEX achieved relatively positive operating results. Consolidated revenue reached VND 19.868 trillion, 128% of the plan, up 51% year-on-year. Consolidated after-tax profit reached VND 3.865 trillion, 322% of the plan, 349% of the previous year's performance. Parent company revenue reached VND 15.169 trillion, and after-tax profit reached VND 3.453 trillion, both significantly exceeding targets. The dividend rate remained at 16%, reflecting the company's cash generation ability and commitment to sharing benefits with shareholders.<\/p>
Notably, the company's bidding and project development activities remained stable, with total new contract value exceeding VND 9.2 trillion. This important indicator shows that VINACONEX not only improved short-term performance but also continuously created project sources for future years, reducing the risk of revenue disruption in the construction cycle.<\/p>
In VINACONEX's development structure, transport infrastructure construction still plays a backbone role. The company is advancing several large, strategically important projects, including the Ranh Son - Hoa Lien section of the Eastern North-South Expressway, the Ho Chi Minh City - Long Thanh Expressway expansion project, and the Ninh Binh - Hai Phong Expressway passing through Nam Dinh and Thai Binh provinces.<\/p>
Participating in these projects not only helps VINACONEX consolidate its position as a leading domestic construction contractor but also creates conditions for accumulating experience in projects requiring high technical standards, strict schedules, and meticulous quality management. With public investment continuing to drive Vietnam's economic growth, the ability to undertake key infrastructure projects will become an important competitive advantage for VINACONEX.<\/p>
While consolidating the domestic market, the company is actively expanding cooperation with general contractors and international investors from South Korea, China (mainland, Taiwan), and Japan. This move helps increase the company's market share in foreign-invested projects, which typically demand higher construction standards, financial strength, and project management. If effectively developed, this customer base could help VINACONEX improve profit margins, diversify project sources, and reduce dependence on a few traditional project groups.<\/p>
In addition to infrastructure construction, VINACONEX continues to increase land bank development and real estate development. In Hanoi and Ho Chi Minh City, the land and technical infrastructure leasing, office, and workspace businesses at Hoa Lac High-Tech Park still yield good results. These businesses provide relatively stable income that can balance the company during periods of construction market volatility.<\/p>
The VINACONEX Diamond Tower project in Hanoi and the Vera Diamond City project in Mong Cai City, Quang Ninh Province, are also accelerating sales and operations. This shows that the company's strategy is no longer limited to holding land bank but has shifted to more flexible commercialization of assets, improving capital use efficiency and generating sustainable cash flow.<\/p>
An important highlight is the Dong Anh Industrial Park project. Covering 300 hectares with a total investment of VND 6.338 trillion, it has received investment policy approval, and VINACONEX has been approved as the investor. This project is strategically significant because industrial parks not only bring land and infrastructure leasing income but also offer the company opportunities to participate more deeply in the industrial manufacturing ecosystem that is massively shifting to Vietnam. In the long term, it could become one of the new growth drivers alongside traditional construction business.<\/p>
Additionally, the Capital One high-end commercial, office, and hotel complex in the Kim Van - Kim Lu area of Hanoi is currently undergoing basement construction. The Phu Yen Bay Condotel resort project in Tuy Hoa City, Phu Yen Province, has also completed legal procedures and entered the main technical infrastructure construction phase. These projects demonstrate the company's direction to develop high-commercial-value real estate products targeting different customer segments.<\/p>
Notably, the Kira Home project in Phase 1 of the Viet Yen Urban Area, Phu Tho Province, was completed by VINACONEX in February last year. Covering over 15,000 square meters with 352 apartments, the project not only adds supply to the high-demand social housing market but also shows that the company has begun building capacity in a socially significant segment.<\/p>
With the Vietnamese government encouraging social housing development to meet the actual needs of urban residents and industrial park workers, early participation in this sector helps VINACONEX establish an image as a sustainable development company while tapping into a market with huge medium and long-term potential.<\/p>
VINACONEX's 2026 business plan shows a clear direction: continue building on infrastructure as a foundation, use real estate and industrial parks as supplementary drivers, and expand international cooperation to enhance competitiveness. The 2025 results prove the company's execution ability and operational efficiency control, while the current project portfolio shows that the company still has significant growth space.<\/p>
In a market transitioning from extensive growth to selective development, VINACONEX needs to continue focusing on project quality, financial discipline, and risk management. If the company maintains a stable pace while effectively developing strategic projects and new project sources, it has every foundation to solidify its position as one of the leading enterprises in Vietnam's construction and investment sector.<\/p>Introduction<\/h2>
2025 results lay foundation for new plan<\/h2>
Transport infrastructure continues as strategic pillar<\/h2>
Real estate and industrial parks: sustainable expansion direction<\/h2>
Social housing: balancing responsibility and market<\/h2>
Conclusion<\/h2>
