中文

VINACONEX

₫14,800
+0.00% 2026-10-30 · Close
AI Composite Signal
6.7 / 10
Bullish — 5-signal composite
Mkt Cap
10.9T
₫10.9T
P/E
3.0
P/B
1.0
ROE
33.8%
ROA
14.3%
EPS
6.7K
Price Chart
What matters now

VINACONEX (VCG) is a company in Vietnam's Construction & Materials sector, listed on HOSE. The stock last traded at 14,800 VND, little changed on the session, giving a market capitalization of 10.9 trillion VND.

On valuation, VCG trades at a price-to-earnings ratio of 3.0 and a price-to-book of 1.0. That is a discount to the Construction & Materials sector average P/E of 20.9. Return on equity of 33.8% points to strong profitability relative to the company's equity base, above the sector average of 8.0%. Trailing earnings per share stand at 6,724 VND.

Aveluro tracks 89 news items mentioning VCG, where recent coverage skews positive (35% of articles). The most recent catalyst was a sector sentiment event — "Vietnam Construction Stocks 2026: CTD, VCG, FCN, CII Slide Despite 10.31% Sector Growth". Aveluro's composite model rates VCG 6.7/10 (Bullish), blending news sentiment, price momentum, and fundamentals.

Comparable names in the Construction & Materials sector include ACC, ACE and ACS.

Latest catalyst

Vietnam Construction Stocks 2026: CTD, VCG, FCN, CII Slide Despite 10.31% Sector Growth

Recent Developments

Recent developments around VINACONEX include 5 notable classified events. On Oct 19, 2026, a market event was reported: Coteccons (CTD) is down 13.79% year-to-date in 2026 despite FY2026 revenue of VND 34,340B (+38%) and net profit of VND 788B (+73%), with backlog near VND 70,000B, roughly two years of revenue. On Oct 01, 2026, a market event was reported: MBS Research forecasts sharply divergent Q3 2026 earnings for Vietnamese construction names. On Oct 01, 2026, a market event was reported: MBS forecasts Coteccons (CTD) gross margin flat at 4.3% in Q3 2026 with backlog up 62% YoY to VND 68,000B, while VCG's margin slips 0.5pp to 3.3% and backlog falls 10%. On Sep 28, 2026, a market event was reported: Proprietary trading desks at Vietnamese securities firms net sold VND 218B on HOSE on September 28, with Techcombank (TCB) accounting for VND 164B of that outflow, followed by EIB at -VND 101B and NAB at -VND 93B. On Sep 21, 2026, a leadership change was reported: Giay Thuong Dinh (GTD) dismissed CEO Nguyen Thanh Nhon effective September 17 and installed Vu Minh Tuan, a Vinaconex (VCG) executive, as CEO and legal representative.

The overall tone of recent coverage is negative, with 2 of 5 events carrying bearish sentiment.

AI Signal Breakdown
Bearish Neutral Bullish
6.7 / 10
Bullish
Sentiment
+0.00
Impact
0.50
Momentum
-0.42
Fundamentals
+1.00
Volume
0.00
Sentiment 30% · Impact 20% · Momentum 20% · Fundamentals 15% · Volume 15%
News Sentiment
89
Articles Analyzed
Positive 31
Neutral 24
Negative 20
Mixed 14
Recent News
Oct 19, 2026 Full Analysis Negative sector sentiment
Coteccons (CTD) is down 13.79% year-to-date in 2026 despite FY2026 revenue of VND 34,340B (+38%) and net profit of VND 788B (+73%), with backlog near VND 70,000B, roughly two years of revenue. The disconnect across the sector — CII -38.75%, FCN -28.42%, VCG -24.55% — reflects high interest rates delaying project execution and receivables, not a demand collapse.
Oct 01, 2026 Full Analysis Mixed sector sentiment
MBS Research forecasts sharply divergent Q3 2026 earnings for Vietnamese construction names. Coteccons (CTD) leads with backlog up 62% year-on-year to VND 68,000B, while CII and HHV add 10% and 12%; VCG's backlog falls about 10% to VND 18,000B.
Oct 01, 2026 Full Analysis Mixed sector sentiment
MBS forecasts Coteccons (CTD) gross margin flat at 4.3% in Q3 2026 with backlog up 62% YoY to VND 68,000B, while VCG's margin slips 0.5pp to 3.3% and backlog falls 10%. Public investment disbursement rose 25% YoY to VND 513,300B in the first eight months, but steel and cement cost inflation is splitting winners from laggards.
Sep 28, 2026 Full Analysis Negative foreign flow
Proprietary trading desks at Vietnamese securities firms net sold VND 218B on HOSE on September 28, with Techcombank (TCB) accounting for VND 164B of that outflow, followed by EIB at -VND 101B and NAB at -VND 93B. Foreign investors net sold roughly VND 221B market-wide, with VPB the largest net buy at VND 172B.
Sep 21, 2026 Full Analysis Neutral leadership change
Giay Thuong Dinh (GTD) dismissed CEO Nguyen Thanh Nhon effective September 17 and installed Vu Minh Tuan, a Vinaconex (VCG) executive, as CEO and legal representative. The reshuffle lands as GTD seeks approval for a 216.5 million share private placement at VND 10,000 each, roughly VND 2,165 billion, with VCG already holding 24.03%.
Sep 18, 2026 Full Analysis Neutral leadership change
Giay Thuong Dinh (GTD) appointed Vu Minh Tuan, born 1977, as CEO for a five-year term effective September 17, 2026, replacing Nguyen Thanh Nhon. The change lands just as GTD files to issue 216.5 million shares at VND 10,000 for roughly VND 2,165 billion, more than 23 times its current 9.3 million shares outstanding.
Sep 18, 2026 Full Analysis Neutral leadership change
Giầy Thượng Đình (GTD, UPCOM) has replaced CEO Nguyen Thanh Nhon with Vu Minh Tuan, a Vinaconex (VCG) executive, effective 17 September 2026. The appointment lands alongside a filed private placement of 216.5 million shares at VND 10,000 each, raising VND 2,165 billion to fund a VND 9,907 billion Hà Nội mixed-use project and relocate production to Ninh Bình.
Sep 17, 2026 Full Analysis Mixed sector sentiment
Vietnam's construction sector grew 10.2% in Q2 2026 on VND 357tn of public investment and a real estate rebound, but steel and cement costs plus a 25% jump in interest expenses squeezed margins for 16 of 30 listed builders. Large contractors like Coteccons (CTD), Fecon (FCN) and Vinaconex (VCG) are pulling ahead on scale and bond access.
Sep 11, 2026 Full Analysis Mixed foreign flow
MarketVector's Q3 2026 review adds SeABank (SSB) to the roughly USD 520M VNM ETF and removes CEO, with the fund expected to buy about 13.2 million SSB shares plus HPG and VPL, while selling VIC and SSI into the September 18 close. FTSE Russell separately added MCH, TCX and VPL to its Vietnam Index and removed 21 names, a shift tied to Vietnam's upgrade to Secondary Emerging market status.
Aug 20, 2026 Full Analysis Positive dividend announcement
ND2 will pay a 35% cash dividend for 2025, totaling 175B VND, with parent Vinaconex (VCG) receiving about 89B VND and Toyota Tsusho 61B VND. However, H1 2026 net profit fell 30% due to lower rainfall and higher taxes, casting doubt on the 2026 dividend target of 25%.
Aug 19, 2026 Full Analysis Positive stake change
Vinaconex (VCG) acquired nearly 7.4 million BDT shares on August 12, raising its stake in Dong Thap Construction (BDT) to 24.15% and becoming a major shareholder. The deal, valued at VND 75.43 billion, positions VCG as a strategic investor in a provincial construction firm with strong revenue growth.
Related Stocks — Construction & Materials
Stock Analysis

By Aveluro Research Team · Editorial policy · Caveat: Not investment advice. · How Aveluro computed this

Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.

Last updated: 2026-10-31T06:37:47Z.