Becamex IDC, one of the leading industrial development and investment corporations in Vietnam, has recently announced its resolution to issue private placement bonds in 2025. The company plans to offer up to 25,000 bonds, each with a face value of VND 100 million, aiming to raise up to VND 2.5 trillion.
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 to 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 are designed to provide investors with a stable and secure investment opportunity.
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In other news, Becamex IDC has also approved a plan to issue bonus shares as dividends for the year 2024, as agreed upon at the 2025 Annual General Meeting of Shareholders. The company intends to issue 113.85 million shares, equivalent to 11% of the total circulating shares. Shareholders will receive 11 new shares for every 100 shares they own, with the capital source being the undistributed post-tax profit from the audited 2024 financial statements. The issuance is expected to be completed in the second or third quarter of 2025.
Regarding its financial performance in the first quarter of 2025, Becamex IDC reported impressive 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 grow by 23% to VND 704 billion.
The real estate segment was the primary driver of revenue, contributing nearly VND 1,427 billion, a 3.2-fold increase year-over-year. Financial income also saw a remarkable surge, reaching VND 102 billion, a 38-fold increase, thanks to profits from cooperation contracts and dividends. Additionally, the company’s share of profits from joint ventures and associates amounted to VND 271 billion, a 4.5-fold increase compared to the previous year.
Despite higher expenses, net profit for the period remained robust, surpassing VND 358 billion, triple the amount from the first quarter of 2024.
Looking ahead, Becamex IDC has set ambitious targets for 2025, aiming for consolidated revenue of VND 9,500 billion, representing a 29% year-over-year increase, and a net profit of VND 2,470 billion, a 3% improvement over the previous year’s performance.
