Becamex IDC, one of the leading industrial development corporations in Vietnam, has recently announced its plans to issue private placement bonds in 2025. According to the resolution, the company aims to issue a maximum of 25,000 bonds, each with a face value of VND 100 million, raising up to VND 2,500 billion.
The bonds will be issued in the form of book-entry registration, with a maximum of 10 batches. Each batch will have a maturity of 3-5 years. The issuance is scheduled to take place from June to September 2025, with 6-7 batches, and from October to November 2025, with 2-3 batches.
These non-convertible, non-warrant-attached bonds will be secured by assets and issued in the domestic market. They will not be convertible and will not have any associated stock purchase warrants.
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In other news, Becamex IDC has also resolved to implement its plan to issue bonus shares as dividends for the year 2024, as approved at the 2025 Annual General Meeting of Shareholders. The company intends to issue 113.85 million shares as dividends, equivalent to 11% of the total circulating shares. The ratio for implementing the rights is 100:11, meaning that for every 100 shares owned, shareholders will receive 11 new shares.
The capital source for this issuance will come from undistributed post-tax profits from the audited 2024 financial statements. The expected timeline for the issuance is the second and third quarters of 2025.
Regarding its business performance in the first quarter of 2025, Becamex IDC recorded a remarkable surge in revenue, reaching nearly VND 1,843 billion, more than doubling the figure from the same period last year. However, due to a significant increase in cost of goods sold, gross profit grew at a slower pace, reaching VND 704 billion, a 23% increase.
The real estate segment contributed significantly to the company’s revenue, generating nearly VND 1,427 billion, a 3.2-fold increase compared to the previous year. Financial income also witnessed a remarkable surge, reaching VND 102 billion, a 38-fold increase, thanks to profits from cooperation contracts and dividends. Additionally, the company’s share of profits from joint ventures and associates amounted to VND 271 billion, a 4.5-fold increase over the same period.
Despite higher expenses, net profit for the period remained impressive, surpassing VND 358 billion, triple the figure from the previous year.
For the full year 2025, Becamex IDC has set ambitious consolidated business targets, aiming for a total revenue of VND 9,500 billion, a 29% increase from 2024, and a net profit of VND 2,470 billion, a 3% improvement from the previous year’s performance.
