BCM’s Q4 Slowdown Fails to Halt Record-Breaking 2025 Profit Peak, Bond Debt Surpasses 15.7 Trillion VND

Despite a sluggish fourth quarter marked by a slowdown in the real estate sector and rising costs, BCM concluded 2025 with record-breaking net profits.

0
27

Becamex Group (HOSE: BCM) announced its Q4 2025 financial results, reporting net revenue of over VND 1.376 trillion and net profit of nearly VND 1.239 trillion, down 31% and 10% year-over-year, respectively.

The decline was primarily attributed to a slowdown in the real estate segment, which generated only VND 985 billion, a 26% decrease. Additionally, total financial, selling, and administrative expenses rose by 25% to VND 1.048 trillion, further impacting profitability.

Despite the quarterly dip, BCM concluded the year with a record-high net revenue of VND 6.951 trillion, up 33% from the previous year. Net profit surged by 60% to nearly VND 3.489 trillion, surpassing annual targets. The company achieved 76% of its revenue goal and significantly exceeded profit expectations.

BCM Achieves Record Profit in 2025

As of Q4, BCM‘s total assets reached over VND 60.9 trillion, a 4% increase year-to-date. Investments in joint ventures and associates rose by 27% to VND 24.7 trillion, accounting for 41% of total capital. Inventory stood at VND 22.2 trillion, up 5%, primarily comprising construction in progress.

Total liabilities decreased by 1% to VND 37.6 trillion, with financial debt at VND 23.9 trillion, representing 64% of total liabilities. Of this, VND 15.7 trillion was bond debt.

In mid-January 2026, the Ho Chi Minh City People’s Committee, Becamex Group, and VSIP jointly announced the development of the North Ho Chi Minh City Science and Technology Urban Area. The project, located in Binh Duong Ward, includes a 20-hectare science and technology complex centered around the former Binh Duong Provincial Administrative Center, repurposed as a science and technology hub.

Rendering of North Ho Chi Minh City Science and Technology Urban Area. Source: Ho Chi Minh City People’s Committee

The project aims to establish a high-tech industrial development belt, complemented by supporting spaces such as a science eco-park, centralized digital infrastructure, and the WTC Expo Center.

Becamex Group has proposed to serve as the strategic investor, partnering with domestic and international entities like Sembcorp (VSIP joint venture), Tokyu Group (Becamex Tokyu joint venture), and Warburg Pincus (BWID joint venture). This collaboration ensures robust implementation, operational standards, and global resource connectivity for the project.

The North Ho Chi Minh City Science and Technology Urban Area is a nationally significant initiative, developed through close cooperation between the Ho Chi Minh City People’s Committee and Becamex Group. The core 103-hectare Science and Technology Development Center, along with 220 hectares of research, development, and high-tech pilot production facilities, will serve as the innovation hub in Binh Duong Ward, catalyzing the future ecosystem.

Thanh Tú

– 11:12 31/01/2026

You may also like

Ho Chi Minh City Seeks Strategic Investor for Binh Quoi – Thanh Da Urban Development Project

Ho Chi Minh City has officially issued a document outlining the selection process for strategic investors in the new urban area of Binh Quoi – Thanh Da, spanning over 400 hectares. This initiative is being implemented under the special mechanism of Resolution 260 by the National Assembly.

Ho Chi Minh City Selects Strategic Investor for the Binh Quoi – Thanh Da New Urban Area Project

The Bình Quới – Thanh Đa New Urban Area spans 405.9 hectares, with bidding scheduled for 2025–2026. The investor selection process is expected to take approximately 180 days.

VSIP Proposes $130 Million Industrial Park Project in Hue

La Son Industrial Park, Zone 01, spans over 467 hectares, strategically located in Hung Loc and Loc An communes. With a total investment of 3.075 trillion VND, the project is set to be completed within a 5-year timeframe.

The Most Beautiful Administrative Tower in Vietnam: A Look at Bình Dương’s Iconic Landmark Today

Following the consolidation of Ho Chi Minh City, the former Binh Duong Provincial Administrative Center tower has remained largely vacant as administrative units relocated. This iconic structure is set to regain its vibrancy, as authorities plan to repurpose it into the Ho Chi Minh City Science Center and a multifunctional science and technology building. It will operate under the innovative “three-party collaboration” model, fostering synergy between government, academia, and industry.

Industrial Real Estate Tycoon Establishes New Subsidiary for Trade Promotion and Marketing Events

The Board of Directors of Becamex Group has unanimously approved the establishment of WTC Becamex, primarily focusing on organizing, introducing, and promoting trade activities.