In its Q2 2025 financial report, Vinhomes Joint Stock Company (VHM) announced a reduction of 2,479 employees compared to the beginning of the year, leaving a total of 9,336. This decrease is not due to layoffs but results from a restructuring that involved transferring staff to subsidiaries like Vincons, a construction development company wholly-owned by Vinhomes. Vincons has emerged as a key contractor for major Vinhomes projects, with skilled engineers and construction teams being moved to enhance its capabilities. Recently, Vincons was appointed as the main contractor for a high-value project in Hanoi, with a contract value exceeding 4.733 trillion VND.
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