Tin Nghia Industrial Park Development (TIP) will withdraw VND1,033.2 billion from its investment cooperation with Phuoc An Port (PAP)
Sunday, March 15,2026
AsemconnectVietnam - Tin Nghia Industrial Park Development Joint Stock Company (TIP - HOSE) announced the documents for its 2026 Annual General Meeting of Shareholders, scheduled to be held on March 27th in Dong Nai province.
In 2026, Tin Nghia Industrial Park Development plans to achieve total revenue of VND281.71 billion, a decrease of 15.9% compared to the same period; after-tax profit of VND168.92 billion, a decrease of 22.6% compared to 2025; and a minimum dividend of 15%.
Notably, regarding the capital raised in 2022 of VND975.1 billion, the company used VND 965.2 billion to contribute capital to a joint investment and business partnership with Phuoc An Port Investment and Exploitation Joint Stock Company (PAP - UPCoM) to implement the Phuoc An Industrial Park project.
According to the cooperation agreement signed with Phuoc An Port Company on October 27, 2022, and the extension of the cooperation agreement's validity until April 26, 2026, Tin Nghia Industrial Park Development has paid the first installment of VND1,033 billion to Phuoc An Port (including VND965.2 billion from the share offering and other company capital sources).
However, Tin Nghia Industrial Park Development stated that, despite being extended twice, the progress of the Phuoc An industrial park project to date, including legal and real estate business conditions, is still incomplete, preventing the product from being put into commercial operation. Therefore, the two parties will terminate the cooperation agreement on April 26, 2026. Tin Nghia Industrial Park Development will receive back the entire contributed amount of VND1,033.2 billion and all incurred capital usage costs.
Tin Nghia Industrial Park Development added that after the termination of the cooperation agreement, depending on the actual business situation and conditions, the company will invest in the most efficient project with the fastest return on investment. The executive board will analyze, evaluate, and select investment projects.
Regarding the 2025 profit distribution plan, Tin Nghia Industrial Park Development is presenting to shareholders a dividend plan at a rate of 17%, corresponding to a distribution of approximately over VND110.5 billion. Of this, the company has already paid an interim dividend of 15% for 2025 alone.
Finally, regarding personnel, Tin Nghia Industrial Park Development is proposing to shareholders the dismissal of Ms. Dang Thi Thanh Ha (Chairwoman of the Board of Directors) from her position as a member of the Board of Directors. The reason for her resignation is to focus on other duties.
Conversely, Tin Nghia Industrial Park Development is proposing to shareholders the election of an additional member to the Board of Directors for the 2023-2028 term (candidate information has not yet been announced).
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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