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Vinaconex (VCG) plans to hold its 2026 Annual General Meeting of Shareholders on April 25. The meeting will include the dismissal of two current board members, Mr. Nguyễn Hữu Tới and Mr. Dương Văn Mậu, and the election of two new members for the 2022–2027 term.
The Police Investigation Agency under the Ministry of Public Security has indicted and remanded Mr. Nguyễn Hữu Tới and Mr. Dương Văn Mậu for investigation into alleged violations of bidding regulations causing serious consequences.
Pacific Holdings Investment Joint Stock Company, a major shareholder holding more than 45% of Vinaconex’s capital, has proposed two candidates for the board for the 2022–2027 term: Mr. Nguyễn Hải Đăng and Mr. Lê Phùng Hòa.
Mr. Nguyễn Hải Đăng currently serves as Vinaconex’s Deputy General Director (since September 2025). He has experience in construction and energy and also holds roles at other companies, including Board member and CEO of Vietnam Water and Environment Investment (Viwaseen, VIW), Chairman of Vinaconex Dung Quất, Chairman of Petroleum Real Estate, Member of the Board of Vinaconex 25, and General Director of Bach Thien Loc. Mr. Đăng does not own VCG shares at the time of nomination.
Mr. Lê Phùng Hòa is currently a Board member and CEO of Construction Joint Stock Company 12, and is also Chairman of the Board of Construction 504 – Vinaconex. At the time of nomination, neither Mr. Hòa nor Mr. Đăng holds VCG stock.
At the AGM, Vinaconex will present its 2026 business plan targeting total revenue and income of 15,423 billion VND, down 22% compared with 2025 actual results. Net profit after tax is expected to reach 1,037 billion VND, down 73% from the record year.
For the parent company, total revenue and income are expected to be 10,740 billion VND, while net profit after tax is forecast at 1,018 billion VND, representing declines of 29% and 70%, respectively, versus 2025.
On profit distribution, Vinaconex plans to submit a 2025 dividend plan with a total payout ratio of 16%. The payout includes 8% in cash (800 VND per share) and 8% in shares.
Regarding stock dividends, Vinaconex plans to issue about 51.7 million shares from undistributed after-tax profits, increasing charter capital from about 6,465 billion VND to about 6,982 billion VND.
Source: VCG
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