VCG

VCG completes distribution of 51.7 million shares as an 8% stock dividend for 2025, raising charter capital to nearly VND 6,982 billion. The company also plans an 8% cash dividend payment of approximately VND 517.2 billion, reflecting a total dividend yield of 16% for the year.

MBS forecasts backlog growth of 15% in 2026 and 10% in 2027 for listed construction companies, driven by the 2026-2030 public investment cycle. CTD is expected to see a 30% backlog increase, while VCG, HHV, and CII see more moderate gains. The cycle focuses on large infrastructure projects including railways and expressways.

Foreign investors net sold nearly VND 1,000 billion on July 15, 2026, with the heaviest selling in FPT, PNJ, SSI, VIC, and TCB. The VN-Index dropped 24.51 points to 1,782.12, while retail investors absorbed the selling. The outflow underscores persistent foreign caution ahead of Q2 earnings and geopolitical risks.

BDG (Binh Duong Garment) will pay a 50% cash dividend for 2025, the highest among 33 companies closing books July 13-17, 2026. The payout underscores BDG's strong cash position on UPCOM, while other notable payers include HAH (20%), VCG (8% cash + 8% stock), and TLG (10% interim).

Vinaconex (VCG) has been awarded the construction contract for the DT.770B road in Long Thanh, with total investment exceeding VND 4,704 billion (approx. USD 188 million). The company is concurrently executing five other packages at Long Thanh International Airport valued at over VND 8,300 billion, reinforcing its position in large-scale infrastructure projects.

KBSV sees construction stocks trading below 5-year average P/B, with a positive outlook for residential and infrastructure segments driven by housing supply recovery, record public investment of VND 1.08 quadrillion in 2026, and FDI inflows. The broker is neutral on industrial construction due to project delays. Key beneficiaries include CTD, VCG, HHV, and PC1.

Foreign investors net sold 603.6 billion VND on the matching order book on June 10, with banking stocks as the primary target. The VN-Index recovered 10.66 points to 1,800 on improved liquidity of 21,000 billion VND, signaling short-term buying support.

VIW sees a wave of stake purchases: Xuan Cau Holdings and BNE Investment registered to buy a combined 39.74% stake, while An Quy Hung Holding acquired 23% from Vinaconex (VCG). The moves concentrate ownership among insiders and may signal a restructuring at the water and environment firm.

VIW sees multiple stake acquisitions: BNE Investment (24.74%), Xuan Cau Holdings (15%), and An Quy Hung Holding (23% from Vinaconex). The moves involve newly formed entities and insiders, suggesting a strategic consolidation in Vietnam's water and environment sector.

VIW sees a race for control: BNE Investment, a company less than a week old, registered to buy 24.74% of Viwaseen for about 335 billion VND, while An Quy Hung Holding, linked to Vinaconex chairman, already bought 23%. The moves signal strategic positioning in Vietnam's water and environment sector.

ACB was the most sold stock by proprietary trading desks on HOSE, with net selling of VND 82 billion, as foreign investors unexpectedly net sold a massive VND 5,760 billion across the entire market. The selling pressure comes despite a market rebound, signaling caution from both domestic and foreign institutional players.