VINA2 reports asset growth, strategic investments in H1 2025

VINA2 Investment and Construction Joint Stock Company (VC2) reported total assets of VND 2.85 trillion as of June 30, 2025, an increase from VND 2.77 trillion at the start of the year. This growth was supported by a net profit after corporate income tax of VND 6.57 billion for the six-month period. Notably, short-term advances to suppliers saw a substantial increase from VND 399 billion to VND 611 billion, reflecting active project development.

Strategic investments include a VND 150 billion deposit to Mr. Nguyen Thanh Tuyen for the purchase of shares in Hai Nhan Joint Stock Company, approved by the board of management. Additionally, the company participated in the Anti-Subsidence and Landslide Project combined with Urban Renovation and the Doi Che New Urban Area Project in Cao Xanh Ward and Cao Thang Ward, Ha Long City, contributing 20% of the investment capital.

The company's general meeting of shareholders approved a 10% stock dividend plan for existing shareholders, equivalent to 6,876,941 shares with a par value of VND 68.77 billion. VINA2 is also involved in a lawsuit regarding the TTBE Complex Hotel project in Nam Dinh, awaiting a final court decision for the recognition of related obligations and entitlements.