AsemconnectVietnam - In the first 6 months of 2025, Vinaconex's (HOSE: VCG) net revenue reached VND7,008 billion, up 28.3% over the same period, after-tax profit reached VND508 billion, achieving 42.3% of the profit plan set for the whole year of 2025.

Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex, code VCG) has just announced its consolidated financial report for the second quarter of 2025 with net revenue reaching more than VND4,412 billion, up nearly 57% over the same period. Excluding cost of goods sold, the Company's gross profit was VND561 billion, up 76.5% over the same period, the gross profit margin accordingly improved from 11.3% to 12.7% in this period.
Financial revenue also increased by 30% to nearly VND91 billion. In addition, the Company also recorded nearly VND5.3 billion in profit from joint ventures and associates while in the same period it lost more than VND20.7 billion.
Along with revenue growth, Vinaconex's operating expenses also increased significantly compared to the same period. Of which, sales expenses were more than VND54 billion (negative VND2.6 billion in the same period) and business management expenses were nearly VND113 billion, up 49.6% over the same period. In return, financial expenses decreased by 37.8% to nearly VND65 billion, mainly due to reduced interest.
After deducting expenses and taxes, Vinaconex's after-tax profit was VND357 billion in the second quarter of 2025, 2.64 times higher than the same period. The parent company's after-tax profit reached VND309 billion, 3.16 times higher than the same period.
Explaining the reason for the sharp increase in after-tax profit in the second quarter of 2025, Vinaconex said that it was due to a sharp increase in operating revenue, leading to an increase in gross profit.
Accumulated in the first 6 months of 2025, Vinaconex's net revenue reached VND7,008 billion, up 28.3% over the same period, after-tax profit reached VND508 billion, achieving 42.3% of the profit plan set for the whole year 2025.
Thus, Vinaconex's consolidated financial report for the second quarter also showed a spectacular change compared to the first quarter of the year, specifically revenue increased by more than 70%, after-tax profit increased by 2.4 times.
The overall improvement in the second quarter of 2025 helped Vinaconex surpass the first quarter of 2025 in terms of business efficiency, while restoring growth momentum compared to the same period last year. This also opens up great expectations for the second half of the year when all of the Corporation's business segments accelerate, especially the public investment sector.
In terms of prospects, Vinaconex has a good growth foundation thanks to a series of large projects that have been awarded bids in 2024 such as: North-South Expressway, Hanoi Ring Road 3.5, Long Thanh Airport, Hoa Binh-Moc Chau Expressway... The total value of newly signed contracts is more than VND11,600 billion, which is the basis for a stable source of revenue for 2025 and the following years.
In the real estate sector, the company expects to record the Green Diamond 93 Lang Ha project and launch sales of the Vinaconex Diamond Tower project.
Last April, Vinaconex also started construction of the Capital One high-end commercial and office complex with a total investment of nearly VND4,000 billion in the new urban area of Kim Van, Kim Lu. The Vera Diamond City urban area project is also being promoted by Vinaconex in Mong Cai city, and will soon be recorded as revenue.
As of June 30, 2025, Vinaconex's total assets reached VND29,400 billion, of which inventory and construction in progress costs were over VND7,000 billion, with the Cat Ba Amatina project alone being nearly VND5,800 billion.
Taking advantage of the construction and installation sector to ensure stable cash flow and revenue, improving overall efficiency and restructuring the investment portfolio, especially in the real estate sector to improve profit margins and cash flow can be the wings that help Vinaconex continue to accelerate in the second half of 2025.
N.Nga
Source: VITIC/Tinnhanhchungkhoan