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Becamex Investment and Development Corporation – JSC (BCM) has released supplemental materials for its 2026 annual general meeting, outlining a 2026–2030 development plan backed by large-scale investment.
According to the materials, Becamex plans to implement strategic projects in the 2026–2030 period with total investment of approximately 127,297 billion VND. Of this amount, Becamex’s equity contribution is 12,234 billion VND, while other mobilized capital is 36,316 billion VND.
The largest investment category is new-generation industrial park projects under study, with total planned investment of 44,947 billion VND. Other major items include:
Becamex said that in the industrial park segment, it will continue developing new-generation industrial parks and industrial parks serving production relocation and urban redevelopment, with a combined scale of more than 3,000 hectares. The company described this as a core long-term growth driver.
Two projects highlighted include:
Becamex expects revenue from industrial real estate to rise gradually from the end of 2026 through 2030, after these two projects complete legal procedures and begin operations.
In transport infrastructure, Becamex plans to participate in key projects including the Ho Chi Minh City – Thu Dau Mot – Chan Thanh expressway, National Highway 13, Ho Chi Minh City Ring Road 4, and My Phuoc – Tan Van Road. The materials state total investment for these projects is 65,231 billion VND.
Of the total, Becamex will carry out construction and installation worth 34,886 billion VND, while the state will handle land clearance valued at 30,345 billion VND.
The company also references the high-speed railway freight-cum-passenger project Chon Thanh – Bau Bang – An Binh – Cai Me, with a length of 153 km, as part of its strategic infrastructure development.
To mobilize capital for the key projects, Becamex said it will develop a capital-raising plan aligned with the group’s restructuring of the state ownership proportion during 2026–2030, after authorities publish new criteria to classify state-owned enterprises.
For its business plan, Becamex targets average revenue and after-tax profit growth of about 10% per year over 2026–2030.
The supplemental materials also include Becamex’s 2025 dividend plan. The company proposes a 14% dividend, payable in 2026 either in stock or cash.
With 1.035 billion outstanding shares, the dividend implies a total value of 1,449 billion VND. If paid in cash, shareholders would receive 1,400 VND per share. If paid in stock, Becamex plans to issue 144.9 million shares, with an exercise ratio of 100:14.
For the 2026 profit distribution plan, Becamex expects a 10% dividend rate, corresponding to 1,179.9 billion VND.
Regarding 2025 performance, Becamex reported parent company revenue of 7,495 billion VND, up 56% year-on-year, and after-tax profit of 2,083 billion VND, up 15%.
On a consolidated basis, revenue reached 9,819 billion VND, up 33%, while after-tax profit was 3,525 billion VND, up 47% year-on-year.
As of end-2025, Becamex reported total assets of 52,523 billion VND, up 7% from the beginning of the year. Liabilities were 36,002 billion VND, including bank loans and bonds of 23,916 billion VND. Year-end equity was 16,521 billion VND.
The company also reported successfully issuing 4,500 billion VND of private bonds in 2025.
The crypto bear market remained in force on Wednesday, with bitcoin slipping back toward the $60,000 area. Sharp pullbacks in gold and oil also weighed on the 2025 “debasement trade,” which had supported hard assets amid concerns about government debt and fiat currencies. Meanwhile, tech—particularly the AI boom—continued…
