CEO of Hung Thinh Incons Reveals Hung Thinh has Reduced Interest Debt by 65%, Benefits from Province Mergers

On June 27, 2025, Hung Thinh Incons held its annual general meeting. During the meeting, the leadership announced that Hung Thinh has reduced its interest debt by about 65% compared to before, achieving only one-third due to financial restructuring after two years of the Covid-19 pandemic. The construction market is facing difficulties due to increased borrowing costs from the bond market. Hung Thinh Incons has settled most of its bonds and is preparing to participate in a 40 ha social housing (NOXH) project in Binh Chanh with government support. The merging of provinces has created new opportunities, such as Binh Dinh becoming the new center of Gia Lai Province, increasing housing demand. The shareholders approved a consolidated revenue plan of over 3.22 trillion VND with a profit of nearly 99 billion VND after tax, deciding not to distribute dividends to supplement working capital for business operations.