The Board of Directors of RCC, a leading railway construction company (stock code: RCC), has appointed Mr. Vu Duc Tien as Chairman for the term 2025–2030. Along with this change, Mr. Nguyen Duy Kien has been appointed as Vice Chairman.
At the recent Extraordinary General Meeting of Shareholders, held on August 22, 2025, four candidates, including Mr. Vu Duc Tien, Mr. Nguyen Duy Kien, Mr. Mai Thanh Phuong, and Mr. Pham Ngoc Quoc Cuong, were elected to the Board with over 98% of the votes. Mr. Vu Duc Tien, in particular, received an almost unanimous vote of confidence, securing 99.9% of the ballots.
Mr. Vu Duc Tien (born 1973) previously served as the CEO of Saigon-Hanoi Securities Joint Stock Company (SHS), while Mr. Nguyen Duy Kien (born 1969) is the founder of Kita Group, a prominent real estate enterprise with extensive projects across Vietnam.
In addition to these leadership changes, the shareholders also approved several key decisions, including the 2025 business plan, a proposal to issue shares to increase capital, and a proposal to change the company’s name to Vietnam Railway Construction Joint Stock Company (VRCC).
According to the company’s management, the new name will enhance brand recognition and facilitate domestic and international collaborations.
RCC, currently headquartered at 33 Lang Ha, Hanoi, is strategically located near the Sun Grand City Lang Ha project (a luxury residential complex at 31 Lang Ha). Developed by Sun Group, this prominent project comprises apartments, office spaces, and a commercial center, with 27 floors above ground and 3 basement levels, boasting a total investment of approximately VND 2,732 billion.
Looking ahead, RCC aims to achieve VND 900 billion in revenue and VND 20 billion in pre-tax profits in 2025, reflecting increases of 15.8% and 110%, respectively, compared to 2024. To accomplish these goals, the company will actively participate in bidding processes, secure new contracts, and allocate resources to key railway projects, including the Lao Cai-Hanoi-Haiphong route and the North-South Expressway.
Notably, RCC plans to issue 10 million shares privately at a minimum price of VND 15,000 per share, increasing its charter capital from VND 320.6 billion to VND 420.6 billion. This issuance is expected to take place in 2025.
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