The Q2 2025 financial report of Vinhomes Joint Stock Company (code VHM) shows that as of June 30, 2025, the parent company had 9,336 employees, a decrease of 2,479 people compared to the beginning of the year and 3,522 people compared to the beginning of the quarter.
However, this reduction is not due to cost-cutting or layoffs as a result of difficulties like other companies. According to the information provided, this is the result of a restructuring that transferred a large number of employees from the parent company to subsidiaries and member companies, mainly to Vincons Construction and Investment Development Joint Stock Company.
Vincons, a wholly-owned subsidiary of Vinhomes, has emerged as a leading construction contractor in recent years, undertaking the construction of large-scale projects for Vinhomes. The transfer of a large number of experienced engineers, supervisors, and construction teams from Vinhomes to Vincons is a move to strengthen the capabilities of this construction “arm.”
Vincons has taken on the role of the main contractor for a series of “giant” projects in the Vingroup ecosystem, including Vinhomes Ha Long Xanh in Quang Ninh, Vinhomes Royal Island (Vu Yen) in Hai Phong, Vinhomes Ocean Park and Vinhomes Co Loa in Hanoi, the VinFast automobile manufacturing plant in Ha Tinh, and the Tu Lien Bridge project connecting the center of the capital with the East region…
Most recently, on July 25, 2025, the Board of Directors of Vietnam Exhibition Fair Center Joint Stock Company (VEFAC, code: VEF) – a subsidiary of Vingroup Corporation, issued a resolution approving the signing of a general contract with Vincons to implement the project of a Commercial, Service, and Cultural Center at 148 Giang Vo Street, Giang Vo Ward, Hanoi.
The scope of work includes construction, equipment supply, and installation for the project. The total contract value amounts to more than VND 4,733 billion.
Vincom Retail’s (VRE) Bold Move: Unveiling Plans for the Mega Coastal Urban Tourism Project in Can Gio
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Vincom Retail has taken a significant step towards expanding its commercial land bank by signing a deposit agreement with Can Gio Tourism Urban JSC, a subsidiary of Vingroup, in late June. This agreement secures the transfer of the expansion project of the Can Gio Sea Reclamation Urban Area – Vinhomes Green Paradise, marking a strategic move for Vincom Retail to enhance its commercial and service land development endeavors.
“Vingroup Expands Horizons: Unveils New Focus on Green Energy and Infrastructure”
On August 11, 2025, Vingroup Joint Stock Company (HOSE: VIC) celebrated its 32nd anniversary by announcing a strategic expansion into two new pillars: Infrastructure and Green Energy. This move underscores Vingroup’s unwavering commitment to serving the people and propelling the private sector as a new driving force for Vietnam’s development.
The Green Revolution: VinGroup’s Foray into Infrastructure and Sustainable Energy
This strategic move underscores Vingroup’s unwavering dedication and spirit of service, propelling the private sector to become a new driving force in Vietnam’s development journey.
“Vingroup Expands Horizons: Unveils Green Energy and Infrastructure as New Pillars”
On August 11, 2025, Vingroup celebrated its 32nd anniversary by announcing a strategic expansion into two new pillars: Infrastructure and Green Energy. This move underscores Vingroup’s commitment to serving the community and empowering the private sector to drive Vietnam’s progress.
Crafting a Captivating Headline: An Event to Remember
“A Race Against Time: Constructing a Top 10 Global Project for a Prime Ministerial ‘National Festival’”
This top 10 global landmark will play host to a series of events celebrating a significant occasion for the nation in less than 20 days.
