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Viettel Construction has set its highest-ever targets for 2026, including consolidated revenue of over VND 15,653 billion and after-tax profit of VND 622 billion, while outlining a new growth strategy that expands into social housing under the Viettel Home brand and accelerates investment in renewable energy.
The company unveiled the plan at its 2026 annual general meeting on April 22, describing a multi-sector approach to strengthen its position in Vietnam’s construction–infrastructure market.
Under the approved plan, Viettel Construction targets consolidated revenue of more than VND 15,653 billion in 2026, representing an increase of more than 11% year-on-year. After-tax profit is expected to reach VND 622 billion, up nearly 4% and the highest profit level the company has set since inception.
For comparison, Viettel Construction reported consolidated revenue of VND 14,058 billion in 2025, up 11%, while after-tax profit reached VND 600 billion, up 11.4% from 2024.
At the AGM, Mr. Pham Dinh Truong said the company’s growth drivers in the coming period will be built on four main pillars: (1) operating and exploiting telecom infrastructure, (2) construction, (3) solutions and technical services, and (4) infrastructure leasing.
He said the operating and exploitation segment will continue to serve as a foundation, with steady growth of about 3–5% per year. The company also plans to expand into international markets where Viettel Group is invested, including Myanmar and Dominica.
Viettel Construction identified construction as the key growth driver for the next period.
For B2C civil construction, the company aims to become a leading turnkey housing construction unit in Vietnam. It expects to deploy about 10,000 houses per year by 2030, while expanding an ecosystem of supporting services such as interior design, energy solutions and smart home technology within the Viettel ecosystem.
For B2B construction, Viettel Construction plans to further enhance its capacity as a general contractor to participate in large-scale projects and national key works.
Mr. Pham Dinh Truong also noted that Vietnam’s construction market remains large, spanning both public and private investment, and emphasized the need for sufficient capacity and execution capability to capture opportunities.
A notable element of the AGM strategy is Viettel Construction’s plan to enter the social housing real estate segment under the Viettel brand.
According to Mr. Do Manh Hung, the company will participate in developing social housing and housing for the armed forces under the national program to build 1 million housing units. Viettel Construction targets implementing about 50,000 housing units, equivalent to about 5% of the program’s total scale.
He said the company wants to bring social housing projects under the Viettel brand to the market, describing it as a reputable brand of the army and a globally renowned technology group. The company’s stated aim is not only to build houses, but also to change perceptions of social housing quality.
Company leaders said Viettel Construction’s advantages include nationwide deployment, a technology ecosystem, and the ability to manage projects in a synchronized manner from design to construction to operation. Future projects are expected to integrate multiple technology, energy and smart services within the Viettel ecosystem.
In addition to construction and real estate, renewable energy is also identified as a strategic sector. The company said it is focusing strongly on solar power, particularly for residential and business segments, with a stated target to become the number one company in the domestic solar market.
Leadership said the energy transition trend and rising demand for clean electricity create long-term growth potential for the renewable energy market.
Alongside scaling up, Viettel Construction said it will maintain strict cash flow control and debt management.
Mr. Pham Dinh Truong said the guiding principle is “do the work to collect money” and “do the work efficiently.” In a construction market with fluctuations, the company prioritizes projects with high safety, tight control over payment schedules, and the use of technology to manage the construction process, materials and cash flow.
In addition to the business plan, the AGM approved the 2025 dividend payout at a total rate of 27%, including 15% in cash and 12% in shares.
For the 2026–2030 strategy period, Viettel Construction aims to maintain average revenue growth of nearly 16% per year and profit growth of about 12% per year.
The company said its evolution from a telecom construction-linked business toward a broader infrastructure, construction and technology ecosystem is reflected in simultaneous acceleration across new areas such as social housing, renewable energy, infrastructure leasing and technical services, with a long-term ambition to become a leading provider of infrastructure and construction solutions in Vietnam.
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