Becamex IDC, one of the leading industrial development corporations in Vietnam, has recently announced its plans to issue private placement bonds in 2025. According to the resolution, the company aims to issue a maximum of 25,000 bonds, each with a face value of VND 100 million, raising up to VND 2,500 billion.
The bonds will be issued in the form of book-entry registration, with a maximum of 10 batches. Each batch will have a maturity of 3-5 years. The issuance is scheduled to take place from June to September 2025, with 6-7 batches, and from October to November 2025, with 2-3 batches.
These non-convertible, non-warrant-attached bonds will be secured by assets and issued in the domestic market. They will not be convertible and will not have any associated stock purchase warrants.
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In other news, Becamex IDC has also resolved to implement the approved plan to issue bonus shares as dividends for the year 2024. This was decided at the recent 2025 Annual General Meeting of Shareholders.
The company intends to issue 113.85 million shares as dividends, equivalent to 11% of the total circulating shares. The ratio for implementing the rights is 100:11, meaning that for every 100 shares owned, shareholders will receive 11 new shares.
The capital source for this issuance will come from undistributed post-tax profits from the audited 2024 financial statements. The expected timeline for this issuance is the second and third quarters of 2025.
In the first quarter of 2025, Becamex IDC recorded impressive financial results, with consolidated revenue reaching nearly VND 1,843 billion, more than doubling the figure from the same period last year. Despite a significant increase in cost of goods sold, gross profit still managed to increase by 23% to VND 704 billion.
The real estate segment contributed nearly VND 1,427 billion to the revenue, a 3.2-fold increase compared to the previous year. Financial income also saw a remarkable 38-fold surge to VND 102 billion, thanks to profits from cooperation contracts and dividends. Additionally, the company earned VND 271 billion from its joint ventures and associates, a 4.5-fold increase year-over-year.
Despite higher expenses, net profit for the period remained robust at over VND 358 billion, triple the amount from the first quarter of 2024.
Looking ahead, Becamex IDC has set ambitious consolidated business targets for 2025, aiming for a total revenue of VND 9,500 billion, a 29% increase compared to 2024, and a net profit of VND 2,470 billion, a 3% improvement over the previous year’s performance.
