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.
![]() Source: VietstockFinance
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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
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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.
– 11:12 31/01/2026
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