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 par 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 rights.
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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 agreed upon at the 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 the issuance 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.
Regarding its business performance in the first quarter of 2025, Becamex IDC recorded impressive results with consolidated revenue reaching nearly VND 1,843 billion, more than doubling the figure from the same period last year. While gross profit increased by 23% to VND 704 billion, net profit after tax for the period surged to over VND 358 billion, triple the amount from the previous year.
This growth was driven by a significant contribution from the real estate segment, which generated nearly VND 1,427 billion in revenue, 3.2 times higher than the previous year. Financial income also saw a remarkable increase of 38 times, reaching VND 102 billion, mainly due to profits from cooperation contracts and dividends. Additionally, the company’s share of profits from joint ventures and associates amounted to VND 271 billion, 4.5 times higher than the same period last year.
For the full year 2025, Becamex IDC has set ambitious targets, aiming for consolidated revenue of VND 9,500 billion, an increase of 29% compared to 2024, and a net profit after tax of VND 2,470 billion, a 3% improvement over the previous year’s performance.
