Vinaconex Annual General Meeting: Groundbreaking on “Golden Land” of the Capital, Ready for High-Speed Rail, Preparing Resources for Nuclear Power

At the AGM, Vinaconex forecasts 2024 revenue to reach 13.176 trillion VND, with after-tax profit of 1.108 trillion VND, an increase of 180%. For 2025, revenue is expected to grow by 18% to 15 trillion VND, with real estate contributing 70-75% of profits. Notable projects include Chợ Mơ, Hải Yên, and the Capital One project set to break ground on April 22, with an investment of 200 billion VND. Vinaconex also aims to develop infrastructure such as high-speed rail, nuclear power, and the Đông Anh industrial park with investment exceeding 6 trillion VND. For Q1 2025, estimated revenue is 2.6 trillion VND, and profit is 150 billion VND. The company announced a 16% dividend plan for 2024, with 8% in cash. The Vinaconex board has new leadership with Nguyễn Hữu Tới as the new chairman.

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