Vimeco JSC
HHNX:VMC3,400.00
VND
0.00
(0.00%)
Vimeco JSC
HNX:VMC
(Hanoi Stock Exchange)
Recent
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3,400.00
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div
yld
- -
ROIC.AI
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- Business
- Vimeco Joint Stock Company is a Vietnam-based construction, engineering, and industrial manufacturing enterprise specializing in civil, infrastructure, and industrial project development. Founded in 1997 and headquartered in Hanoi, Vietnam, the company provides comprehensive contracting and industrial supply solutions across the domestic market. The company organizes its core business operations into engineering and construction, industrial fabrication, construction materials production, real estate and property services, and technical vocational training. The company offers a comprehensive portfolio of products and services, including civil and industrial construction services for high-rise commercial buildings, urban residential developments, industrial manufacturing plants, transport infrastructure, bridges, highways, water supply networks, and hydroelectric facilities; specialized foundation engineering and geotechnical services, such as the execution of bored piles, reinforced concrete precast piles, Larsen sheet piles, barrette piles, diaphragm walls, and deep basement excavation support systems; industrial manufacturing and mechanical fabrication, comprising structural steel fabrication and erection for heavy industrial plants, specialized tower cranes, concrete mixer trucks and tanks, basement formwork systems, and industrial fire doors; construction materials production and distribution, consisting of commercial ready-mix concrete, crushed stone aggregates, quarry materials, and precast concrete components; real estate development, commercial property leasing, and urban area management services for residential complexes and office facilities; and vocational education and auxiliary services, including technical training programs for equipment mechanics, civil and industrial electrical maintenance, heating, ventilation, and air conditioning systems, and elevator operation, as well as early childhood educational facilities. In recent corporate developments, the company completed a major ownership and governance restructuring following the divestment by its former parent organization, Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex), which reduced its equity stake from 51.41% to 5.0% in late 2024, resulting in the company transitioning from a subsidiary to an independent operating entity. This transition led to a reconstitution of executive leadership in early 2025, marked by the election of a new Chairman of the Board of Directors and new supervisory board members. Concurrently, the company initiated strategic capital restructuring measures, including an equity issuance plan to existing shareholders to increase charter capital, while refocusing operational strategy on securing large-scale civil infrastructure contracts, optimizing building materials supply chains, and expanding independent commercial construction capabilities.