FCN

Fecon (FCN) plans to issue VND 125 billion in bonds on May 15, 2026, with an 18-month maturity, using its own shares and those of subsidiary Fecon Investment as collateral at a 201% initial coverage ratio. The move follows the full repayment of a VND 120 billion bond series in April 2026.

FECON (FCN) signed a VND 3,000 billion (USD 120 million) EPC contract for Hanoi's Metro Line 5, covering tunnel excavation and foundation work in partnership with China's Pacific Construction Group. The win extends FECON's track record in urban rail, a key long-term growth driver for Hanoi.

FCN subsidiary receives approval for the 40MW An Thanh Gia Lai wind power project with total investment of VND 1,586B (20% equity). The project is part of FECON's strategy to integrate renewable energy with its industrial park developments, such as the 256ha FECON IP Hoa Yen in Bac Ninh, aiming to provide clean power via direct purchase agreements and rooftop solar.