ELCOM sets a goal of 10 trillion VND in capitalization by 2030

At the “Vision & Strategy in the Technology Era” Forum, ELCOM Chairman Phan Chien Thang announced the company’s development strategy for 2025-2030. ELCOM will develop products in telecommunications, national defense security, smart transportation, and digital transformation. In 2025, the company aims for revenue of 1.16 trillion VND and profit of 126 billion VND. ELCOM has signed new contracts worth over 1.5 trillion VND, including significant bids in the ITS sector. The company targets an average annual revenue growth of 20% and a 25-30% increase in after-tax profit. By 2030, ELCOM expects to achieve revenue of 3.6 trillion VND and a capitalization of 10 trillion VND. The chairman also acknowledged the drop in ELC’s stock despite good business results due to investment funds shifting focus to other sectors. However, he is optimistic about the company’s long-term development.