SGN

VIMC, as a 36% stakeholder in the Can Gio International Transshipment Port consortium, secures regulatory approval for a $5.15B project. The 571-hectare mega-port, with a 50-year concession, positions VIMC to capture Vietnam's growing transshipment traffic, though execution risks include infrastructure connectivity and capital mobilization.

SAGS (SGN) has signed new ground service contracts with 12 airlines, including United Airlines and Sun PhuQuoc Airways, as it diversifies away from Vietjet. The company is investing VND 53 billion in 2026 to prepare for Long Thanh airport operations, with commercial service expected by late 2026. This expansion positions SAGS for long-term growth in international and long-haul flights.

SGN reported 2025 net profit of VND 208B, down 23% YoY, after losing its domestic ground services contract with Vietjet Air at Tan Son Nhat and reduced operations from Bamboo Airways. The company targets 2026 net profit of VND 170.6B, down another 18%, while seeking growth from the Long Thanh airport project and new airline clients.