The Board of Directors of the Railway Construction Corporation (RCC) has appointed Vu Duc Tien as Chairman for the term 2025-2030 and Nguyen Duy Kien as Vice Chairman. At the extraordinary general meeting on August 22, both received high confidence with 99.9% and 98% of votes. Tien was previously the General Director of Saigon-Hanoi Securities Corporation, while Kien is the founder of Kita Group. Alongside the new personnel, RCC approved its 2025 business plan with a revenue target of 900 billion VND and a profit of 20 billion VND, corresponding to increases of 15.8% and 110% compared to 2024. The company also plans to privately issue 10 million shares at a minimum price of 15,000 VND per share to raise its charter capital from 320.6 billion VND to 420.6 billion VND. Additionally, the company will change its name to Vietnam Railway Construction Corporation (VRCC) to enhance brand recognition and facilitate cooperation domestically and internationally.
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