Hoa Binh Construction Group (HBC) has announced its resolution to dissolve Hoa Binh Innovation Center LLC to restructure and optimize operations. As of September 30, 2025, the center is a 100% owned subsidiary of HBC, established on June 2, 2021, with a charter capital of 900 billion VND, focusing on scientific research and technology. HBC is also listed among 200 units delinquent in social insurance payments, with a total of nearly 57.1 billion VND owed, topping the list. The accumulated revenue for the first 9 months of 2025 reached 2,759 billion VND, down 42% year-on-year, and net profit decreased by 72% to 240 billion VND. The 2025 revenue target is set at 9,000 billion VND, with a projected profit of 360 billion VND. Total assets reached 15,908 billion VND, up 3% from the beginning of the year, while liabilities amounted to 13,945 billion VND, a slight increase of 2%. HBC has reduced short-term financial debts to 3,521 billion VND.
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