Vietnam Construction & Import-Export Joint Stock Corporation

Vietnam Construction & Import-Export Joint Stock Corporation

HHOSE:VCG
15,500.00
VND
-50.00
(-0.32%)
14.52TMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
14,590.49
11,006.41
10,546.17
11,231.59
14,259.35
12,786.22
12,485.73
12,568.04
8,233.89
12,106.49
18,195.06
18,433.8
23,018.48
- -
Basic EPS, GAAP
651.75
408.81
513.2
656.44
1,762.74
645.5
898.2
3,632.85
564.71
1,120.4
577.92
1,327.07
5,249.76
- -
Free Cash Flow per Basic Share
-242.46
1,173.66
715.92
410.34
-286.29
-484.09
-2,461.84
-520.11
-1,449.55
-4,619.78
4,102.69
1,550.79
3,164.93
- -
Dividend per Share
0.03
230.76
411.82
512.61
619.33
948.91
690.67
359.04
1,572.87
935.88
137.85
101.03
806.47
91.65
Book Value per Share
12,780.92
13,142.89
13,351.51
13,532.33
14,689.52
15,093.13
15,384.98
14,403.71
9,481.32
9,819.53
10,386.91
11,687.83
16,236.91
15,077.81
Tangible Book Value per Share
12,662.22
13,000.01
13,086.21
13,136.01
14,327.08
14,922.18
15,276.66
14,315.77
9,444.18
9,669.4
10,252.43
11,573.69
16,107.47
15,061.42
Basic Weighted Avg Shares
761
761
761
761
761
761
761
442
698
698
698
698
698
698
Sales/Revenue/Turnover
11,104,148
8,376,470
8,026,204
8,547,841
10,852,128
9,730,997
9,502,313
5,551,436
5,749,000
8,452,855
12,703,778
12,870,215
16,071,173
- -
Operating Margin (%)
6.66
5.07
8.97
10.35
10.17
7.6
9.14
-13.18
11.4
7.54
9.18
11.98
9.91
- -
Depreciation Expense
573,216
333,496
422,914
386,134
361,686
258,897
311,312
252,416
255,862
275,741
338,214
358,618
332,086
- -
Net Income, GAAP
496,016
311,128
390,574
499,587
1,341,537
491,258
683,580
1,604,670
394,289
782,276
403,505
926,542
3,665,306
- -
Effective Tax Rate (%)
26.66
13.03
13.16
14.84
16.52
19.68
18.51
20.52
27.68
5.54
28.7
19.24
20.73
- -
Profit Margin (%)
4.47
3.71
4.87
5.84
12.36
5.05
7.19
28.91
6.86
9.25
3.18
7.2
22.81
- -
Working Capital
2,283,005
-57,000
536,255
2,086,950
2,605,385
3,188,259
4,332,415
4,404,826
5,825,938
7,211,273
4,258,647
4,776,497
7,490,562
7,260,849
LT Debt
3,595,444
2,563,840
2,071,347
2,106,852
1,586,408
1,475,692
2,442,078
2,146,352
6,632,044
8,168,328
4,962,225
4,307,427
1,892,645
1,583,685
Total Equity
7,124,431
7,270,591
7,328,168
7,480,268
7,836,206
7,873,218
7,738,321
7,163,205
7,627,625
9,930,660
10,241,049
11,116,112
12,482,117
12,426,187
Return on Invested Capital (%)
1.37
2.5
3.64
5.49
13.27
5.07
5.83
13.35
3.28
4.06
1.75
5.26
19.05
- -
Return on Capital (%)
6.14
3.61
4.41
4.45
10.81
4.85
6.69
14.44
4.12
6.31
4.49
5.32
18.92
- -
Return on Common Equity (%)
9.14
5.43
6.67
8.41
21.52
7.47
10.16
24.39
6.07
11.61
5.72
12.02
37.6
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
5,527,224
5,241,367
4,116,014
LT Borrowings
1,860,417
1,816,119
1,552,292
LT Finance Leases
32,228
28,456
31,393
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
698
698
754
Market Capitalization
14,610,184
14,222,303
14,522,265

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
23,627,353
22,698,656
20,566,632
Cash, Cash Equivalents & STI
5,228,554
9,918,692
9,813,414
Accounts Receivable, Net
3,281,133
3,560,698
3,055,813
Inventories
5,656,623
5,517,163
5,070,013
Total Current Liabilities
16,136,792
15,200,773
13,305,783
Payables & Accruals
- -
- -
- -
ST Debt
5,527,224
5,241,367
4,116,014
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.88%
12.13%
12.29%
Free Cash Flow
58.98%
82.46%
104.09%
Net Income, GAAP
70.67%
79.95%
295.59%
Sales/Revenue/Turnover
10.63%
25.41%
24.87%
Total Cash Common Dividend
113.97%
227.65%
698.28%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,649,839
2,813,908
2,675,286
4,731,182
12,870,215
2025
2,596,050
4,387,360
- -
4,651,729
16,071,173
2026
3,424,420
3,843,134
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
742.46
139.73
124.07
441.67
1,327.07
2025
198.15
385.19
- -
349.07
5,249.76
2026
507.41
264.81
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
75.59
-0.33
101.03
2025
- -
- -
- -
91.55
806.47
2026
- -
- -
- -
- -
- -

Company Description

CEO
Dong Xuan Nguyen
Full Time Employees
3,098
Sector
Industrial services
Industry
Engineering & construction
Address
Ha Noi Vietnam
IPO Date
Dec 29, 2020
Business
Vietnam Construction & Import-Export Joint Stock Corporation (Vinaconex) is a Vietnam-based multi-sector enterprise primarily engaged in construction contracting, real estate development, construction materials manufacturing, and financial investment. Founded in 1988 and headquartered in Hanoi, Vietnam, the corporation operates through an extensive network of subsidiaries, joint ventures, and affiliated companies serving government authorities, corporate clients, and individual property buyers across Vietnam and select international markets. Vinaconex organizes its operations into five core business segments: Construction and Engineering; Real Estate Development; Industrial Production and Building Materials; Consultancy and Project Management; and Ancillary Services and Strategic Investments. In its Construction and Engineering division, the corporation functions as a general engineering, procurement, and construction (EPC) contractor executing civil and industrial projects, such as commercial centers, office towers, residential high-rises, hospitals, and educational facilities; transportation infrastructure, including expressways, highway interchanges, bridges, tunnels, seaports, and international airport terminals; and industrial and energy infrastructure, comprising hydroelectric power plants, thermal power stations, electrical substations, clean water supply systems, and municipal wastewater treatment networks. Through its Real Estate Development segment, Vinaconex invests in, develops, and manages integrated urban township zones, premium residential housing, commercial office buildings, hospitality and tourism complexes, and specialized industrial park infrastructure. In Industrial Production and Building Materials, the corporation manufactures, processes, and distributes cement, ready-mixed and pre-cast concrete, quarry stone, crushed sand, structural steel, architectural glass, plastic door systems, and interior fit-out materials. Its Consultancy segment provides master urban planning, architectural design, structural engineering, bidding consultancy, and technical project supervision services. Additionally, Vinaconex manages utility operations including clean water production and transmission, operates vocational and general educational institutions, and provides international labor export and workforce placement services. In recent developments, Vinaconex has advanced strategic business expansion and capital recycling initiatives to consolidate its position across national infrastructure and industrial real estate. The corporation secured and mobilized construction packages on key national strategic infrastructure projects, including Long Thanh International Airport Phase 1, Hanoi Ring Road 4, the North-South Expressway, and the Ho Chi Minh City-Long Thanh Expressway expansion. To expand its industrial asset base and commercial footprint, Vinaconex accelerated the development and leasing of the 300-hectare Dong Anh Industrial Park and expanded facilities in the Hoa Lac High-Tech Park, while launching prime mixed-use developments such as the Capital One complex in southern Hanoi. Strategically enhancing its utility infrastructure capabilities and land holdings, the corporation initiated the acquisition of a controlling 98% stake in Vietnam Water and Environment Investment Corporation (Viwaseen). Furthermore, Vinaconex has continued portfolio optimization by divesting from non-core subsidiaries to recycle capital into high-yield construction and energy projects, alongside establishing strategic bidding and execution partnerships with international contractors from South Korea, China, Japan, and Taiwan to expand its market share in foreign direct investment (FDI) industrial and infrastructure developments.