Vinaconex (VCG) sees 9.3% revenue growth in 2018
Vinaconex (VCG) sees 9.3% revenue growth in 2018
The Viet Nam Construction and Import-Export Joint Stock Corporation (Vinaconex) is targeting a revenue of more than VND19.44 trillion (US$853 million) in 2018, up 9.3 per cent year-on-year.
Vinaconex general director Do Trong Quynh announced this during a conference in Ha Noi on Tuesday.
The company is also targeting to post a pre-tax profit of more than VND1.33 trillion ($58.6 million) this year, Quynh said.
To this end, Vinaconex will focus on improving its competitiveness in two traditional business areas — construction and real estate — while participating in both domestic and overseas bids.
Top priority will be given to expanding relations with local and overseas partners and ensuring the implementation of its ongoing real estate projects, in addition to developing new reality projects in several localities such as HCM City, Quang Ninh and Nha Trang.
Earlier in December, the State Capital Investment Corporation (SCIC) said it collected VND137 billion ($6 million) after auctioning 5.35 million shares of Vinaconex on the Ha Noi Stock Exchange.
The amount of shares sold was equal to 5.6 per cent stake of SCIC at Vinaconex.
After the sale, SCIC reduced its ownership in Vinaconex from 57.79 per cent to 52.2 per cent, nearly by 250 million shares.
