Commencement of a 7 trillion VND social housing project in Vinh Phuc: How is DIC Corp performing?

DIC Corp has recently commenced a 7 trillion VND social housing project in Vinh Phuc, featuring a large scale with 38 buildings and over 5,300 apartments, expected to be completed by 2030. In terms of business performance, DIC Corp reported a revenue of 1.3 trillion VND in 2024, up by 300 billion from the previous year, but its net profit dropped by 38% to only 102 billion VND, failing to meet set targets. Shareholders have expressed concerns about the company’s ability to fulfill profit plans in the coming years. CEO Nguyen Quang Tin assured that efforts will be made to expedite legal procedures and cut costs to improve business efficiency. DIG stocks have dropped by 30-40% since April 2024, indicating significant market pressure. Recently, the company canceled a plan to issue 200 million shares for capital raising. At the upcoming General Assembly, DIC Corp aims to achieve breakthroughs in development and financial restructuring.