AsemconnectVietnam - Taseco Real Estate Investment Joint Stock Company (TAL) has just announced documents to prepare for the 2025 Annual General Meeting of Shareholders (AGM), scheduled to be held on April 21 at the Pan Pacific Hotel (Hanoi).

In its 2025 business plan, Taseco Land targets consolidated revenue of VND4,332 billion, up 157% compared to 2024. However, consolidated profit after tax is expected to decrease by 22%, to VND536 billion.
The reason is that the company will focus most of its resources on implementing new projects, instead of optimizing short-term profits. This reflects Taseco Land's long-term reinvestment strategy.
In 2024, Taseco Land faced great difficulties in achieving its business targets, with revenue reaching VND1,684.5 billion, down sharply by 48% compared to the previous year and only completing 55.4% of the plan.
In 2025, the Company will implement six major projects, including projects in Hanoi such as Trung Van Project (Ha Dong), high-rise housing projects in Long Bien, along with projects in Da Nang, Quang Binh, Me Linh and Ha Nam.
These projects have large investment scales, with total investment capital of up to thousands of billions of VND and will greatly affect Taseco Land's financial results in 2025.
A notable point in the 2025 General Meeting of Shareholders is the plan to transfer the listing of TAL shares from the UPCoM system to the Ho Chi Minh City Stock Exchange (HOSE).
The company plans to submit an application for listing transfer this year and will authorize the Board of Directors to decide on an appropriate time in accordance with legal regulations.
In addition, the Board of Directors of Taseco Land has also approved the policy of establishing Taseco Hai Phong Industrial Park Joint Stock Company with a charter capital of VND300 billion, of which Taseco Land contributes VND210 billion, accounting for 70% of the shares.
N.Nga
Source: VITIC/Tinnhanhchungkhoan