The Board of Directors of the Railway Construction Corporation (RCC) has appointed Vu Duc Tien, former CEO of Saigon – Hanoi Securities to be the Chairman for the 2025-2030 term. Nguyen Duy Kien, the founder of Kita Group, is now the Vice Chairman. RCC owns a large land bank stretching from North to South, which includes numerous land lots and offices in Hue, Hanoi, and Quang Binh. In the first six months of 2025, RCC achieved a revenue of 229 billion VND, a 27% decrease compared to the same period last year, and incurred a net loss of nearly 31 billion VND. For 2025, the company targets a revenue of 900 billion VND and a pre-tax profit of 20 billion VND, marking significant growth from 2024. RCC plans to focus on bidding and signing new contracts to enhance operational effectiveness.
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