Services
Sunshine Group: Total assets surpass VND 32,800 billion
According to the company’s Q2 2025 financial report, Sunshine Group’s net income tax profit increased by 127.46% compared to the same period last year. This remarkable result was mainly attributed to a significant rise in gross profit, notably from the positive contribution of real estate transfers, reflecting the effectiveness of optimizing product strategies and progress at key projects.
As of June 30, 2025, Sunshine Group’s total assets exceeded VND 32,805 billion, a significant increase of approximately 60% compared to the beginning of the year.
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On a consolidated basis, revenue from sales and services in Q2 reached nearly VND 242 billion, while net profit after tax exceeded VND 41 billion. For the first two quarters of the year, Sunshine Group recorded revenue from sales and services of over VND 659 billion and a net profit after tax of more than VND 83 billion. As of June 30, 2025, the company’s total assets stood at VND 32,805 billion, a substantial increase of about 60% compared to the beginning of the year.
Most recently, the State Securities Commission officially approved Sunshine Group’s issuance of 600 million common shares to conduct a public offer to acquire all outstanding shares of Sunshine Homes (UPCoM: SSH). Following the completion of this transaction, Sunshine Group is expected to witness a significant leap in its market capitalization, projected to reach over VND 59,000 billion, equivalent to nearly $2.3 billion, marking its entry into the league of leading real estate groups on Vietnam’s stock exchange.
This move is part of a larger restructuring strategy that Sunshine Group has been aggressively implementing since 2024. The group has been focusing on large-scale economic concentration, consecutively acquiring multiple billion-dollar projects, and continuously increasing its capitalization to multiple billions of USD. Simultaneously, Sunshine Group is preparing to launch 20,000 high-quality and reasonably priced apartment units in both Hanoi and Ho Chi Minh City to address the housing needs of today’s youth.
SCG Construction Group witnesses over 180% surge in revenue compared to the same period
Meanwhile, SCG Construction Group (HNX: SCG) also released its Q2 2025 financial report. The consolidated report showed a remarkable surge in revenue, with sales reaching over VND 1,849 billion, reflecting an increase of more than 180% compared to the same period last year. The net profit after tax amounted to nearly VND 95 billion.
The estimated total value of SCG’s construction contracts signed for the period 2025-2026 exceeds VND 40,000 billion.
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For the first half of the year, SCG’s consolidated revenue from sales and services reached over VND 2,038 billion, a substantial increase of 183.6%, while the net profit after tax amounted to nearly VND 106 billion, representing a rise of over 15% compared to the same period last year.
Previously, at the 2025 Annual General Meeting of Shareholders, SCG approved the merger with Sunshine Group, anticipating a breakthrough that would strengthen the company’s financial foundation and expand its capital-raising capabilities. This strategic move leverages Sunshine Group’s diverse ecosystem spanning technology, real estate, and finance. With this merger, SCG is poised to become one of the leading infrastructure development contractors, with construction contracts valued at over VND 40,000 billion for the period 2025-2026.
SCG is expediting the progress of numerous large-scale projects across Vietnam, including Noble Crystal Tay Ho WorldHotels Residence, Noble Palace Tay Ho, Noble Crystal Long Bien, Noble Palace Garden, and Noble Palace Tay Thang Long in Hanoi, as well as Sunshine Sky City and Noble Crystal Riverside in Ho Chi Minh City. The company plans to deliver thousands of low-rise products, including villas and townhouses at projects like Noble Palace Tay Ho, Noble Palace Tay Thang Long, and Noble Palace Long Bien, within this year.
– 11:33 04/08/2025
Establishing a Task Force to Study the Feasibility of a Vietnam – Egypt FTA
The task force will thoroughly examine and assess the mutual benefits that the FTA can bring to both parties, aiming to foster a balanced approach to trade and investment between the two nations.
Wealth Management: The Art of Standing Apart
In the elite world of high finance, wealth is a symbol of stature, a source of pride for one generation and a legacy for the next. Effective wealth management requires not only rational decision-making but also a profound understanding of philosophical tenets, unwavering commitment, and, most importantly, an innate sense of synergy with the elite.
“Vietnam’s FDI Appeal Remains Unshaken by Tariff Turbulence”
Although the US administration has tweaked some tax policies amidst escalating trade tensions with China, foreign direct investment (FDI) into Vietnam, particularly in high-tech and ancillary industries, has not witnessed significant changes. Experts attribute this stability to Vietnam’s enduring competitive edge in the global supply chain, which transcends the transient effects of international tax policies.
“Celebrating 80 Years of Independence: SHB Evokes the Spirit of ‘Happiness as a Vietnamese’”
Celebrating 80 years of the August Revolution (August 19, 1945 – August 19, 2025) and the National Day of the Socialist Republic of Vietnam (September 2, 1945 – September 2, 2025), SHB introduces a series of activities themed “Happiness is Being Vietnamese.” The highlight of these activities is a gift package for customers, spreading happiness and national pride to all customers and the public.
The Innovation Renaissance: From Policy to Practice
Vietnam is embarking on an era of Doi Moi 2.0, a rapid transformation from policy statements to tangible outcomes, as evidenced by the 34 laws passed in June 2025, along with far-reaching administrative reforms. In the coming months, VinaCapital anticipates an accelerated pace of infrastructure investment disbursements, particularly in the transportation and energy sectors. Similarly, the real estate sector is expected to continue benefiting from recent policies that unblock stalled projects.
