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On April 25, 2026, Vinaconex Joint Stock Corporation (Vinaconex, ticker: VCG) held its 2026 Annual General Meeting. During the meeting, a shareholder asked the leadership how the company assesses the weak stock price despite winning bids for major projects, and whether Vinaconex has plans to improve its image and attract large investment funds.
In response, Vinaconex CEO Nguyen Xuan Dong said the stock price reflects not only the interests of existing shareholders but also the expectations of any investors who want to buy the shares at a higher level. He stated that the company does not take actions to push the price up or down, adding that price movements are determined by the market.
The CEO also pointed to recent net fund withdrawals, attributing them to exchange-rate issues and foreign investment by funds. He said selling pressure has been strong and is not limited to Vinaconex shares.
Mr. Dong further noted that, since the company is listed, it must follow market dynamics and does not influence the stock price. He said the company hopes the stock price rises, but when it increases slightly, funds sell and the price falls again.
Mr. Dong said Vinaconex has prioritized safety in its operations, which has limited heavy media coverage of ongoing activities. He also indicated that if shareholders invest in VCG, the price impact may increase.
Regarding returns to shareholders, the CEO said the 2026 dividend rate is “definitely 16%.” He added that the asset value visible to investors is increasing gradually, while risk management remains the top priority, and the company hopes to see a stock-price rise at an appropriate time.
At the AGM, Vinaconex reported consolidated results for Q1 2026: consolidated revenue of VND 3,708 billion and consolidated after-tax profit of VND 381 billion.
For 2026, the company set a business plan with total revenue and income of VND 15,423 billion, down 22% from 2025. After-tax profit is expected to reach VND 1,037 billion, down 73% from the previous year’s peak.
For the parent company, Vinaconex expects total revenue and income of VND 10,740 billion and after-tax profit of VND 1,018 billion, corresponding to decreases of 29% and 70% versus 2025.
For profit distribution, VCG plans to pay 2025 dividends totaling 16%. The plan includes 8% in cash (equivalent to 800 VND per share) and 8% in shares.
Vinaconex also plans to issue about 51.7 million shares from undistributed profits, increasing charter capital from nearly VND 6,465 billion to about VND 6,982 billion.
At the AGM, two board members, Nguyen Huu Toi and Duong Van Mau, were dismissed. Two new members were elected for the term 2022–2027: Nguyen Hai Dang and Le Phung Hoa.
Ngoc Diep. Source: markettimes.vn
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