Vinaconex approves cash dividend payment plan

Target profit after tax is nearly 3 times in 2021

At the 2022 Annual General Meeting of Shareholders, Vinaconex presented shareholders with many notable goals this year: consolidated revenue in 2022 reached more than VND 15,300 billion, consolidated profit after tax reached VND 1,400 billion, reaching 243 in turn. % and 269% compared to the implementation of 2021.

To achieve such a high growth target, Vinaconex’s management said that it still focuses on the development strategy of 3 core areas (Construction, Real Estate, Financial Investment). Therefore, in 2022 and the following years, businesses will focus their resources on M&A, investing in potential and large-scale companies and projects. At the same time, divest capital in inefficient units or do not need to hold capital.

According to the expected plan, in 2022 the Corporation will carry out sales of projects such as: Urban residential area project at Km3, Km4, Hai Yen ward, Mong Cai city, Quang Ninh; project of Hoa Binh boulevard extending in Hai Hoa ward, Mong Cai city, Quang Ninh; Green Diamond apartment and office complex project at 93 Lang Ha; Cai Gia Cat Ba project; Hoa Lac Hi-Tech Park project (continue to exploit customers renting premises and infrastructure at the project in the remaining land area)

Projects that can account for revenue and profit in 2022 include: Urban residential project at Km3, Km4, Hai Yen ward, Mong Cai city, Quang Ninh; accounting for part of the revenue and profit of the extended Hoa Binh Boulevard project in Hai Hoa ward, Mong Cai city, Quang Ninh; Green Diamond apartment and office complex project at 93 Lang Ha; Hoa Lac Hi-Tech Park project.

In 2021, the Corporation won the contract and is promoting construction, ensuring the progress and quality of many large projects in the fields of traffic, civil and industrial construction with a total winning value of over 10,000 billion VND. contracts, typically the bidding packages of Long Thanh international airport; Yaly hydroelectric project expansion; Vinh Tuy bridge phase 2; the Children’s Palace project; Vung Ang Thermal Power Plant Project;

In addition to conducting research, planning and development of a number of projects in the provinces such as: Bien Ho, Phu Yen eco-spiritual urban area project (338 ha); Lai Nghi green urban village project in Quang Nam (460ha); Tea Hill urban area project in Cao Xanh, Quang Ninh with a scale of nearly 50 hectares…, the Corporation continues to prioritize the search and development of a number of projects in the area around Hanoi and neighboring provinces. near.

Expected to invest 2,000 billion VND in Cat Ba – Amatina in 2022

Regarding the super project of Cai Gia – Cat Ba and Cat Ba – Amatina tourist urban areas, Vinaconex leaders said that the project is being promoted to invest in infrastructure construction, utility works and synchronously deployed. items in the project. Investment output in 2022 in Cat Ba – Amatina is expected to reach about VND 2,000 billion.

In early 2022, Vinaconex completed the purchase of additional shares to increase its ownership rate at Vinaconex Joint Stock Company – ITC, the investor of the Cat Ba – Amatina project (stock code: VCR) to 51%. This brings many advantages to both Vinaconex Corporation and Vinaconex ITC.

The Cat Ba Amatina project is an international-class resort urban complex project on Cat Ba island that is considered to have many advantages and potential for development, bringing a lot of profit to the investor, Vinaconex ITC. . Vinaconex Corporation can strongly support Vinaconex ITC in terms of financial capacity and real estate project development management, helping ITC to perform well in investment and business, ensuring progress, quality and efficiency. business of the Project in accordance with the objectives.

Notably, Vinaconex’s General Meeting of Shareholders also approved the dividend payment plan at the rate of 28%, of which 18% in cash (in advance 6% in the year 2021), and 10% in shares. promissory note. To implement the stock dividend payment plan, Vinaconex will issue 44.1 million shares, the charter capital after issuance will increase to VND 4,858 billion.

At the meeting, shareholders also elected Vinaconex Board of Directors for the term 2022 – 2027. Accordingly, all former members were re-elected, including Mr. Dao Ngoc Thanh, Chairman of the Board of Directors, Mr. Nguyen Xuan Dong, Mr. Duong Van. Mau, Mr. Nguyen Huu Toi and Ms. Tran Thi Thu Hong.