Becamex IDC, one of the leading industrial development corporations in Vietnam, has recently announced its plans to issue private placement bonds in 2025. The company aims to raise up to VND 2,500 billion by offering a maximum of 25,000 bonds with a face value of VND 100 million each.
The bonds will be issued in the form of book-entry registration, with a maximum of 10 offerings. Each offering will have a maturity of 3-5 years, and the issuance is scheduled to take place from June to September 2025, with 6-7 offerings, and from October to November 2025, with 2-3 offerings.
These bonds are non-convertible and do not come with warrants. They are secured by assets and will be offered in the domestic market only. This move is part of Becamex IDC’s strategy to diversify its funding sources and support its ongoing projects.
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In other news, Becamex IDC has also approved a plan to issue bonus shares to pay dividends for the year 2024. The company will issue 113.85 million new shares, equivalent to 11% of the total outstanding shares. Shareholders will receive 11 new shares for every 100 shares they own, with the capital source being the after-tax profit as of December 31, 2024, audited in the 2024 financial statements. The issuance is expected to be completed in the second and third quarters of 2025.
Regarding its financial performance, Becamex IDC reported impressive results for the first quarter of 2025, with a revenue of nearly VND 1,843 billion, more than double that of the same period last year. Gross profit increased by 23% to VND 704 billion. The real estate segment contributed significantly to the revenue, with VND 1,427 billion, 3.2 times higher than the previous year. Financial revenue also surged by 38 times to VND 102 billion, mainly due to profits from cooperation contracts and dividends. Additionally, the company’s profit from joint ventures and associates reached VND 271 billion, 4.5 times higher than the same period last year.
Despite higher expenses, Becamex IDC’s profit after tax for the period remained robust at over VND 358 billion, triple that of the previous year. For the full year 2025, the company has set ambitious targets, aiming for a consolidated revenue of VND 9,500 billion, an increase of 29% compared to 2024, and a profit after tax of VND 2,470 billion, a 3% growth compared to the previous year’s performance.
