At the same time, Vinaconex appointed Tran Dinh Tuan, a member of the board of directors, as the new chairman.

Both decisions took effect on February 13.

Tran Dinh Tuan, born in 1978, holds a Master of Business Administration degree. He currently serves as chairman of the board and chief executive officer of Pacific Holdings JSC, the largest shareholder of Vinaconex with an ownership stake of more than 45 percent of its charter capital.

Tuan also holds several management positions within the Vinaconex ecosystem, including general director and board member of Vinaconex Design and Interior JSC; board member of Vinaconex Quang Ninh Investment JSC; and chairman of the board of Vimeco JSC.

According to disclosures, Tran Dinh Tuan currently owns more than 27,000 VCG shares, equivalent to approximately 0.004 percent of Vinaconex’s charter capital.

Vinaconex is one of Vietnam’s major names in real estate and construction. The company has won and executed numerous key national projects, including the National Convention Center; the T2 passenger terminal at Noi Bai International Airport; Nhat Tan Bridge; Bai Chay Bridge; and Thang Long Boulevard.

Vinaconex is also one of 10 members of the Vietur consortium participating in the construction and equipment installation for the passenger terminal project at Long Thanh International Airport in Dong Nai province, invested by Airports Corporation of Vietnam (ACV).

Regarding business performance, in the fourth quarter of 2025 Vinaconex recorded net revenue of nearly VND4,652 billion (approximately US$190 million) and after-tax profit of more than VND347 billion (approximately US$14 million).

For the full year 2025, the company’s net revenue reached more than VND16,064 billion (approximately US$655 million), up 25 percent year-on-year. After-tax profit amounted to VND4,130 billion (approximately US$168 million), 3.7 times higher than in 2024 and the highest level in its operating history.

Profit growth was mainly driven by financial activities, which generated VND3,585 billion (US$146 million) in revenue, 10.7 times higher than the same period last year. Notably, Vinaconex divested its entire 51 percent stake in Vinaconex ITC Investment and Tourism Development JSC (UPCoM: VCR), the developer of the Cat Ba Amatina resort project, thereby recording a substantial gain.

In 2025, Vinaconex set revenue and after-tax profit targets of VND15,500 billion (US$633 million) and VND1,200 billion (US$49 million), respectively. With the reported results, the company exceeded its revenue plan by about 4 percent and fulfilled its annual profit target by 3.4 times.

Under the Government Inspectorate’s 2026 inspection plan, Vinaconex is included in the list of enterprises subject to inspection regarding compliance with laws on investment, construction, housing and real estate business activities at several projects where the corporation acts as investor or project owner.

Hong Khanh