VINACONEX (VCG) is in the Top 500 largest enterprises in Southeast Asia in 2025
Saturday, July 19,2025
AsemconnectVietnam - Among the 76 Vietnamese representatives listed in the Fortune Southeast Asia 500 2025 (Fortune SEA 500) ranking, Vietnam Construction and Import-Export Joint Stock Corporation - VINACONEX (HOSE: VCG) is present for the first time, marking an important step in the journey of reaching out and integrating of a typical Vietnamese brand in the fields of construction, real estate and financial investment.
As one of the world's leading prestigious enterprise ranking systems, Fortune SEA 500 - 500 largest enterprises in Southeast Asia is announced with the aim of honoring the leading corporations in the region, promoting Southeast Asia's position as a global production, trade and investment center.
This is the second consecutive year that Fortune Magazine has published a list of 500 large and influential enterprises in 6 Southeast Asian economies including: Vietnam, Indonesia, Thailand, Malaysia, Singapore and the Philippines. The ranking is voted based on revenue in fiscal year 2024, with the minimum revenue threshold to be included in the list being USD349.4 million, equivalent to about VND9 trillion.
In 2025, Vietnam will have 76 representatives in the Fortune SEA 500, an increase from 70 enterprises last year, showing the strong internal strength and aspiration to reach the regional level of the Vietnamese business community, especially those with flexible management strategies and stable growth capacity in a volatile business environment.
In 2024, in the context of many economic difficulties, VINACONEX continues to maintain positive growth momentum, operating effectively in all three strategic pillars: construction, real estate and financial investment. Consolidated revenue of the whole system reached VND13,176 billion, of which consolidated profit after tax reached VND1,108 billion, completing 117% of the annual plan. In particular, the parent company recorded revenue of VND9,746 billion, profit after tax of VND861 billion, reaching 100% of the plan, the highest level in many years. The dividend rate of 16%, equivalent to 160% of the plan, continues to demonstrate the commitment to sharing sustainable value with shareholders. Continuing the growth momentum, in 2025, VINACONEX aims for consolidated revenue of VND15,500 billion, after-tax profit of VND1,200 billion and maintains a dividend policy of 16%.
In the construction sector, VINACONEX is striving to accelerate progress and ensure construction quality in a series of key national infrastructure projects such as: Long Thanh International Airport Phase 1, Ring Road 4 - Capital Region, Terminal T2 expansion project - Noi Bai International Airport... Thereby, continuing to affirm its position as one of the leading contractors in Vietnam.
In the field of real estate investment, VINACONEX has effectively implemented many large-scale projects such as Capital One Commercial Complex, Office, High-end Serviced Apartments (Hanoi), Vera Diamond City Urban Area (Mong Cai)... At the same time, the enterprise is also focusing on developing strategic industrial zones, researching and building social housing projects according to the Government's policy...
Financial investment is also one of the three pillars that helps VINACONEX overcome challenging periods of the market, focusing on areas that generate stable revenue such as energy (Ngoi Phat Hydropower, DakBa Hydropower), clean water (Viwaco Joint Stock Company) and education (Ly Thai To Education System). This is the foundation for VINACONEX's long-term and sustainable growth.
The event of VINACONEX appearing for the first time in the Fortune SEA 500 ranking - 500 largest enterprises in Southeast Asia is not only a milestone to record outstanding development achievements, but also a clear demonstration of the pioneering spirit and growing stature of a Vietnamese enterprise on its journey to reach out to the region.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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