AsemconnectVietnam - In 2025, Vinaconex's business operations are expected to see a significant leap in profit. This is largely driven by large-scale financial and divestment activities, while the construction and real estate segments – the backbone of the group – continue to maintain strong growth.

The audited separate financial report for 2025 of Vietnam Construction and Import-Export Corporation (Vinaconex - stock code VGC: HOSE), recently released, shows that the parent company Vinaconex achieved revenue of VND10,581 billion, an increase of approximately 17% compared to VND9,012 billion in 2024. Notably, the company's after-tax profit in 2025 is recorded at VND 3,453 billion, an increase of VND2,593 billion. This corresponds to a 301% increase compared to the same period last year.
Net profit after tax in the consolidated business performance report was VND3,865 billion, an increase of VND2,757 billion, or 248%, compared to net profit after tax in 2024.
The majority of revenue still comes from construction contracts, with approximately VND9,914 billion, a significant increase compared to over VND8,188 billion in the previous year. In addition, revenue from the construction materials business, real estate transfers, and office and service leasing also contributed.
The cost of goods sold increased proportionally with revenue, with total cost of goods sold in 2025 at approximately VND10,165 billion, an increase of VND1,855 billion compared to VND8,310 billion in the previous year.
These figures show that Vinaconex's core business in construction, infrastructure, and real estate continues to maintain positive growth momentum.
Also in its separate financial report for 2025, Vinaconex recorded financial income of approximately VND4,576 billion, compared to only VND714 billion in 2024, more than six times higher. The most notable item was profit from the transfer of investments and liquidation of investment and business cooperation contracts, reaching approximately VND3,700 billion, compared to VND185 billion in the previous year.
In addition, there was interest income from deposits and loans of nearly VND500 billion and dividends, indicating a larger scale of idle cash and internal/partner loans, or better interest rates/profit margins on loans. Dividends and distributed profits remained high, at approximately VND374 billion (a slight increase compared to VND361 billion in 2024), contributing to a relatively stable financial income base.
It can be seen that the increase in profits for the parent company in 2025 largely comes from financial activities – especially divestment and portfolio restructuring, which is consistent with VCG's published explanation.
Besides traditional sectors such as construction, real estate, and financial investment, 2025 marks Vinaconex's expansion into essential service sectors through investment in AEGIS International Hospital and the Vietnam Water and Environment Investment Corporation (VIWASEEN).
This expansion brings Vinaconex into sectors directly related to people's quality of life, such as healthcare and water and environmental infrastructure. Through this, the company is gradually forming an investment ecosystem encompassing housing, education, healthcare, commerce, clean water, and the environment, contributing to diversifying its investment portfolio and moving towards sustainable development.
N.Nga
Source: VITIC/Tinnhanhchungkhoan