VCG · Tổng Công ty cổ phần Xuất nhập khẩu và Xây dựng Việt Nam

Báo cáo tài chính gốc theo dòng/kỳ (KQKD · Cân đối · Lưu chuyển tiền tệ).

Item	2025	2024	2023	2022	2021
Revenue	16,071.2	12,870.2	12,709.8	8,452.9	5,743.4
Revenue Deductions	—	0.0	6.0	0.0	0.0
Net Revenue	16,071.2	12,870.2	12,703.8	8,452.9	5,741.8
Cost of Goods Sold	13,800.6	10,889.1	11,522.8	7,535.9	0.0
Gross Profit	2,270.6	1,981.1	1,181.0	917.0	830.3
Financial Income	3,766.3	333.2	351.4	1,079.8	531.3
Financial Expenses	440.4	446.1	854.4	765.1	-499.4
Interest Expense	376.3	434.3	832.9	757.1	-500.7
Share of Associates and Joint Ventures	-4.1	-78.6	-112.6	-27.4	24.4
Selling Expenses	157.7	58.1	92.7	57.5	-44.6
General and Administrative Expenses	517.5	379.9	-79.0	222.8	-129.8
Operating Profit	4,917.2	1,351.7	551.6	924.1	712.3
Other Income	35.1	51.2	22.1	91.9	0.0
Other Expenses	76.1	30.4	17.7	30.6	0.0
Other Profit	-41.0	20.8	4.3	61.3	13.9
Profit Before Tax	4,876.3	1,372.5	556.0	985.4	726.1
Current Income Tax Expense	965.6	258.1	171.1	99.6	-194.6
Deferred Income Tax Expense	45.4	6.0	-11.5	-45.0	0.0
Net Income	3,865.2	1,108.4	396.4	930.8	531.5
Non-controlling Interest	199.9	181.9	-7.1	148.5	125.6
Profit Attributable to Parent	3,665.3	926.5	403.5	782.3	405.8
Earnings per Share	5,670.00	1,548.00	752.00	1,607.00	1,192.00
Diluted EPS	5,670.00	1,548.00	752.00	1,607.00	918.77

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	23,627.4	17,688.5	18,680.8	19,974.5	21,461.8
I. Cash and cash equivalents	2,330.9	2,471.4	2,669.9	1,710.2	2,742.2
1. Cash	1,437.0	1,779.8	2,231.4	1,396.7	0.0
2. Cash equivalents	893.9	691.6	438.4	313.5	0.0
II. Short-term financial investments	2,897.7	1,780.9	1,487.6	1,616.2	0.0
1. Available for sale securities	—	0.3	0.3	0.3	0.0
2. Provision for diminution in value of available for sale securities (*)	—	-0.2	-0.2	-0.2	0.0
3. Held to maturity investments	2,897.7	1,780.8	1,487.5	1,616.1	0.0
III. Short-term receivables	12,293.5	5,857.9	7,070.1	9,059.0	10,852.0
1. Short-term trade accounts receivable	3,281.1	2,599.2	2,483.1	2,342.8	0.0
2. Short-term prepayments to suppliers	1,513.3	2,047.7	2,443.7	5,563.7	0.0
3. Short-term inter-company receivables	—	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	6.6	0.0	0.0	0.0	0.0
5. Short-term loan receivables	6,139.5	645.0	784.7	716.6	0.0
6. Other short-term receivables	2,290.9	1,079.8	1,945.0	1,564.5	0.0
7. Provision for short-term doubtful debts (*)	-939.7	0.0	-586.3	-1,128.6	0.0
8. Assets awaiting resolution	1.7	-513.8	0.0	0.0	0.0
IV. Inventories	5,656.6	7,089.8	6,887.9	7,080.3	3,629.7
1. Inventories	6,062.4	7,124.0	6,922.8	7,114.9	0.0
2. Provision for decline in value of inventories	-405.8	-34.2	-35.0	-34.6	0.0
V. Other short-term assets	448.7	488.6	565.3	508.7	295.2
1. Short-term prepayments	40.7	9.6	9.1	10.2	0.0
2. Value added tax to be reclaimed	314.8	390.9	470.4	404.3	0.0
3. Taxes and other receivables from state authorities	18.6	16.9	16.6	25.1	0.0
4. Government bonds	—	0.0	0.0	0.0	0.0
5. Other short-term assets	74.7	71.2	69.2	69.2	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	7,641.4	11,752.1	12,013.5	12,024.8	9,733.0
I. Long-term receivables	20.4	59.2	6.2	171.8	0.0
1. Long-term trade receivables	—	0.0	0.0	2.7	2,380.2
2. Long-term prepayments to suppliers	—	50.0	0.0	150.0	0.0
3. Capital at inter-company	—	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	0.0	1.5	16.0	0.0
6. Other long-term receivables	20.4	9.2	4.6	4.1	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	-1.1	0.0
II. Fixed assets	3,892.1	3,479.0	3,862.5	2,684.4	2,532.1
1. Tangible fixed assets	3,757.4	3,363.2	3,693.2	2,545.8	2,492.3
- Cost	6,400.4	5,459.8	5,947.6	4,606.2	0.0
- Accumulated depreciation	-2,643.0	-2,096.5	-2,254.4	-2,060.3	0.0
2. Financial leased fixed assets	94.8	106.7	160.2	132.8	33.5
- Cost	184.7	180.8	218.2	174.4	0.0
- Accumulated depreciation	-89.9	-74.1	-58.1	-41.7	0.0
3. Intangible fixed assets	39.8	9.1	9.1	5.8	6.2
- Cost	57.0	19.9	19.6	16.9	0.0
- Accumulated depreciation	-17.2	-10.8	-10.5	-11.1	0.0
III. Investment properties	996.9	484.4	240.3	244.8	745.4
- Cost	1,537.0	920.2	658.5	689.6	0.0
- Accumulated depreciation	-540.1	-435.9	-418.2	-444.7	0.0
IV. Long-term assets in progress	1,757.6	6,745.9	6,652.5	7,486.2	1,909.4
1. Long-term production in progress	96.3	96.3	109.9	111.8	0.0
2. Construction in progress	1,661.3	6,649.7	6,542.5	7,374.5	0.0
V. Long-term financial investments	708.0	675.4	939.6	1,123.9	1,470.3
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	477.2	635.4	908.9	1,096.8	0.0
3. Investments in other entities	291.6	87.6	82.1	76.5	0.0
4. Provision for diminution in value of long-term investments	-62.4	-47.5	-51.4	-50.7	0.0
5. Held to maturity investments	1.6	0.0	0.0	1.4	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	266.3	308.2	312.5	313.7	0.0
1. Long-term prepayments	160.9	138.7	123.4	123.7	0.0
2. Deferred income tax assets	54.8	98.8	104.2	90.9	0.0
3. Long-term equipment, supplies, spare parts	—	0.0	0.0	0.0	0.0
4. Other long-term assets	0.1	0.1	0.1	0.1	695.6
5. Goodwill	50.5	70.6	84.8	99.0	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	31,268.7	29,440.6	30,694.4	31,999.3	31,194.8
A. LIABILITIES (300=210+330)	18,786.6	18,324.5	20,453.3	22,068.6	23,554.0
I. Short -term liabilities	16,136.8	12,912.0	14,422.2	12,763.2	15,461.0
1. Short-term trade accounts payable	3,409.4	2,249.9	2,239.7	2,501.6	1,869.3
2. Short-term advances from customers	3,732.6	3,357.1	3,619.1	2,528.5	6,592.1
3. Taxes and other payables to state authorities	969.6	167.8	123.0	135.8	0.0
4. Payable to employees	352.9	245.0	214.1	198.1	0.0
5. Short-term acrrued expenses	937.0	1,344.2	930.2	1,106.6	0.0
6. Short-term inter-company payables	—	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	41.2	44.5	47.3	60.4	82.5
9. Other short-term payables	1,038.3	968.9	972.1	815.7	0.0
10. Short-term borrowings and financial leases	5,527.2	4,451.5	6,136.5	5,345.3	5,027.4
11. Provision for short-term liabilities	67.9	20.5	75.3	2.1	0.0
12.. Bonus and welfare fund	60.7	62.6	64.9	69.2	0.0
13. Price stabilization fund	—	0.0	0.0	0.0	0.0
14. Government bonds	—	0.0	0.0	0.0	0.0
II. Long-term liabilities	2,649.8	5,412.5	6,031.1	9,305.4	8,093.1
1. Long-term trade payables	0.6	0.1	0.1	0.1	0.0
2. Long-term advances from customers	—	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	0.0	0.0	33.2	0.0
4. Inter-company payables on business capital	—	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	473.2	476.9	444.8	471.6	1,407.5
7. Other long-term liabilities	246.4	0.9	2.1	2.5	0.0
8. Long-term borrowings and financial leases	1,892.6	4,307.4	4,962.2	8,168.3	6,648.6
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	17.7	608.0	607.4	605.6	0.0
12. Provision for long-term liabilities	19.3	19.2	14.6	24.1	0.0
13. Fund for technology development	—	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	12,482.1	11,116.1	10,241.0	9,930.7	7,640.8
I. Owner's equity	12,395.7	11,019.2	10,144.1	9,833.6	0.0
1. Owner's capital	6,464.7	5,985.9	5,344.7	4,858.8	7,539.9
- Common stock with voting right	6,464,683,360,000.00	5,985,934,580,000.00	5,344,655,140,000.00	4,858,798,780,000.00	4,417,106,730,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	16.3	16.3	16.3	16.3	16.3
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	233.8	152.2	171.5	160.4	156.0
5. Treasury shares	—	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	40.1	40.1	40.1	40.2	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	0.0	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	4,495.0	1,869.0	1,582.7	1,683.4	1,813.9
- Accumulated retained earning at the end of the previous period	829.7	1,030.5	1,183.8	902.7	1,091.0
- Undistributed earnings in this period	3,665.3	838.5	398.9	780.7	722.9
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	1,145.7	2,955.7	2,988.8	3,074.5	1,043.6
14. Financial reserves	—	0.0	0.0	0.0	0.0
II. Other resources and funds	86.4	96.9	97.0	97.0	100.9
1. Subsidized not-for-profit funds	86.4	96.9	97.0	97.0	0.0
2. Funds invested in fixed assets	—	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	31,268.7	29,440.6	30,694.4	31,999.3	31,194.8

Item	2025	2024	2023	2022	2021
Profit Before Tax	4,876.3	1,372.5	556.0	985.4	726.1
Depreciation of Fixed Assets and Investment Property	332.1	358.6	338.2	275.7	265.9
Provision (Increase)/Reversal	78.3	-86.5	-455.8	-184.8	0.0
FX Gain/Loss from Revaluation of Monetary Items	-2.4	-3.2	0.2	-14.8	0.0
Gain/Loss from Investment Activities	-3,743.6	-255.3	-240.5	-1,089.9	0.0
Interest Expense	376.3	435.1	843.2	757.1	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	1,916.9	1,821.2	1,041.2	728.7	668.7
Increase/(Decrease) in Receivables	-1,139.7	272.4	2,489.8	354.7	0.0
Increase/(Decrease) in Inventory	1,858.4	-521.5	164.7	-2,900.4	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	826.0	807.8	937.4	1,206.3	0.0
Increase/(Decrease) in Prepaid Expenses	-31.0	-34.9	-0.6	-233.6	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-378.0	-527.6	-805.6	-832.1	0.0
Corporate Income Tax Paid	-199.8	-168.3	-174.2	-73.2	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-14.1	-2.3	-4.4	-17.1	0.0
Net Cash Flow from Operating Activities	2,838.6	1,646.7	3,648.3	-1,766.7	2,276.0
Payments for Fixed Assets and Other Long-term Assets	-628.9	-564.0	-783.8	-1,458.8	-1,193.1
Proceeds from Disposal of Fixed Assets and Long-term Assets	6.6	9.5	97.7	306.9	15.8
Loans and Purchases of Debt Instruments	-10,793.4	-2,457.2	-7,714.3	-5,713.7	-4,456.8
Receipts from Loan Repayments and Sale of Debt Instruments	4,735.0	2,242.3	7,774.1	7,952.2	1,658.5
Investments in Other Entities	-1,227.4	-2.5	0.0	-50.5	-7,739.6
Proceeds from Investments in Other Entities	4,851.0	389.7	158.5	477.0	0.0
Dividends and Interest Income Received	347.1	384.2	300.1	373.5	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-2,710.0	2.0	-167.8	1,886.5	-7,972.1
Proceeds from Equity Issuance and Capital Contributions	—	0.00	39,117,300,000.00	13,076,500,000.00	145,307,368,000.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	9,668.4	11,224.9	9,749.1	10,096.5	13,194.5
Repayment of Borrowings	-9,342.0	-12,962.3	-12,177.2	-10,661.0	-5,799.2
Repayment of Finance Leases	-32.5	-39.3	-35.7	-16.6	-6.3
Dividends Paid	-563.1	-70.5	-96.2	-653.4	-1,089.0
Other Financing Receipts	—	0.0	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-269.2	-1,847.2	-2,520.9	-1,221.5	6,445.2
Net Cash Flow During the Period	-140.5	-198.6	959.6	-1,101.7	1,413.7
Cash and Cash Equivalents at Beginning of Period	2,471.4	2,669.9	1,710.2	2,812.0	1,995.3
FX Difference from Revaluation	0.1	0.0	0.0	-0.0	-2.1
Cash and Cash Equivalents at End of Period	2,330.9	2,471.4	2,669.9	1,710.2	2,742.2

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	3,843.1	3,424.4	4,651.7	4,429.3	4,412.1	2,596.0	4,733.9	2,675.3	2,799.5	2,655.8	3,789.5	2,381.7
Revenue Deductions	—	—	—	—	—	—	0.0	0.0	0.0	6.0	0.0	0.0
Net Revenue	3,843.1	3,424.4	4,651.7	4,429.3	4,412.1	2,596.0	4,733.9	2,675.3	2,799.5	2,649.8	3,789.5	2,381.7
Cost of Goods Sold	3,492.5	2,992.4	4,113.1	3,818.3	3,850.9	2,278.4	4,201.4	2,284.0	2,459.9	1,895.5	3,498.3	2,318.5
Gross Profit	350.6	432.0	538.7	611.0	561.2	317.6	532.5	391.3	339.7	754.3	291.2	63.2
Financial Income	281.2	234.4	281.2	3,186.1	70.6	46.9	211.7	40.6	55.3	70.7	98.0	44.7
Financial Expenses	109.7	125.9	99.0	138.8	64.8	66.4	108.4	99.1	101.4	134.8	179.3	159.0
Interest Expense	108.3	116.3	95.1	85.0	55.9	65.2	99.1	96.2	103.8	134.3	171.7	158.3
Share of Associates and Joint Ventures	15.2	6.2	7.2	4.3	5.3	-21.2	-18.8	-15.6	-17.9	-22.1	-26.1	-35.5
Selling Expenses	87.0	34.7	13.4	78.7	54.3	20.0	8.8	31.0	1.1	24.6	27.4	31.3
General and Administrative Expenses	208.6	85.9	239.9	71.4	112.5	79.5	136.1	99.1	74.7	79.4	25.7	-201.5
Operating Profit	241.8	426.2	474.8	3,512.7	405.4	177.4	472.1	187.1	199.9	564.1	130.7	83.5
Other Income	19.2	28.6	16.3	3.8	6.1	4.7	33.9	7.9	6.5	6.2	14.9	11.3
Other Expenses	6.4	3.8	62.8	6.9	1.6	0.4	17.2	6.1	1.8	2.2	6.3	2.4
Other Profit	12.7	24.8	-46.5	-3.1	4.5	4.3	16.7	1.9	4.7	4.0	8.6	8.8
Profit Before Tax	254.5	451.0	428.3	3,509.6	409.9	181.7	488.8	188.9	204.7	568.1	139.3	92.4
Current Income Tax Expense	57.2	86.9	84.4	811.3	49.7	32.5	84.8	52.2	31.4	87.5	18.3	70.7
Deferred Income Tax Expense	-30.8	-4.4	-3.2	-606.2	3.3	-2.3	12.0	-10.7	10.1	-2.0	-10.8	-5.8
Net Income	228.1	368.5	347.1	3,304.4	357.0	151.4	392.0	147.5	163.2	482.6	131.8	27.5
Non-controlling Interest	43.2	15.3	103.3	22.3	48.2	23.5	87.9	67.2	46.6	19.5	-14.3	-76.4
Profit Attributable to Parent	184.9	353.2	243.8	3,282.1	308.7	128.0	304.1	80.3	116.6	463.1	146.1	103.9
Earnings per Share	286.00	546.00	377.00	5,077.00	516.00	214.00	508.00	134.00	102.00	866.00	248.00	159.00
Diluted EPS	286.00	546.00	377.00	5,077.00	516.00	214.00	1,579.00	134.00	102.00	866.00	248.00	159.00

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	20,566.6	22,698.7	24,110.3	22,987.2	17,503.0	17,270.0	17,671.6	17,379.2	16,832.0	17,063.9	17,598.5	17,969.2
I. Cash and cash equivalents	1,725.9	2,131.9	2,346.8	2,539.2	1,835.3	1,331.7	2,461.3	1,129.3	1,544.4	1,309.2	2,282.5	1,269.1
1. Cash	1,010.3	1,591.5	1,429.0	740.1	1,161.7	463.3	1,779.8	600.1	1,037.7	685.6	1,895.2	901.2
2. Cash equivalents	715.6	540.4	917.8	1,799.1	673.7	868.5	681.5	529.2	506.6	623.6	387.3	367.9
II. Short-term financial investments	8,087.5	7,786.8	2,881.6	2,767.4	2,043.4	2,027.6	1,790.9	1,354.6	1,210.6	1,114.5	1,504.9	1,386.1
1. Available for sale securities	—	—	—	—	0.3	0.3	0.3	0.3	0.2	0.2	0.3	0.3
2. Provision for diminution in value of available for sale securities (*)	—	—	—	—	-0.2	-0.2	-0.2	-0.2	-0.2	-0.2	-0.2	-0.2
3. Held to maturity investments	7,692.7	7,895.4	2,881.6	2,767.4	2,043.4	2,027.5	1,790.9	1,354.6	1,210.5	1,114.5	1,504.8	1,386.0
4. Provision for short-term investments held to maturity (*)	-112.9	-108.6	—	—	—	—	—	—	—	—	—	—
5. Other short-term investments	540.7	—	—	—	—	—	—	—	—	—	—	—
6. Provision for impairment of other short-term investments (*)	-33.0	—	—	—	—	—	—	—	—	—	—	—
III. Short-term receivables	5,177.2	6,832.4	12,330.7	12,154.4	6,030.4	6,143.9	5,812.5	6,739.9	5,977.3	6,945.8	6,952.1	7,852.7
1. Short-term trade accounts receivable	3,055.8	3,560.7	3,050.7	2,763.3	2,423.1	2,343.6	2,601.6	2,161.8	2,130.6	2,160.0	2,450.3	2,290.2
2. Short-term prepayments to suppliers	1,718.2	1,839.7	1,513.8	1,659.4	2,171.1	2,213.7	1,940.5	2,724.8	2,427.9	2,849.6	2,478.7	3,323.2
3. Short-term inter-company receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	3.2	6.6	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	—	6,139.5	6,264.2	665.6	690.8	637.8	538.9	481.9	712.2	786.0	1,035.3
6. Other short-term receivables	849.9	2,260.2	2,251.8	1,994.9	1,304.6	1,410.4	1,144.4	1,842.7	1,482.2	1,810.3	1,877.8	1,987.6
7. Provision for short-term doubtful debts (*)	-446.7	-833.1	-632.1	-527.3	-534.0	-514.6	-511.7	-528.2	-545.2	-586.2	-640.7	-783.5
8. Assets awaiting resolution	—	1.7	0.5	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	5,070.0	5,517.2	6,099.8	5,203.6	7,066.6	7,211.5	7,117.9	7,643.2	7,595.8	7,213.6	6,293.5	6,953.6
1. Inventories	5,104.6	5,923.0	6,135.4	5,237.7	7,100.8	7,245.7	7,152.0	7,664.7	7,630.7	7,248.5	6,328.4	6,988.3
2. Provision for decline in value of inventories	-34.6	-405.8	-35.5	-34.2	-34.2	-34.2	-34.2	-21.5	-35.0	-35.0	-35.0	-34.6
V. Other short-term assets	506.0	430.4	451.4	322.5	527.2	555.2	489.0	512.2	503.9	480.7	565.5	507.7
1. Short-term prepayments	16.7	27.2	46.7	32.9	34.0	32.7	10.2	19.9	13.5	12.0	9.7	8.6
2. Value added tax to be reclaimed	286.4	304.2	315.3	206.9	400.4	428.2	390.8	405.9	260.8	378.8	469.6	422.9
3. Taxes and other receivables from state authorities	11.9	28.2	18.5	11.7	19.8	22.9	16.6	17.2	160.4	20.6	17.0	6.9
4. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	191.1	70.9	70.9	71.0	72.9	71.4	71.4	69.2	69.2	69.3	69.2	69.2
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	7,332.3	7,769.0	7,419.5	6,033.4	11,887.0	11,720.6	11,739.3	11,897.7	11,812.2	12,007.6	12,600.6	12,063.4
I. Long-term receivables	21.2	14.8	16.8	7.0	57.0	57.5	56.9	55.9	56.3	6.1	5.3	158.4
1. Long-term trade receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	1.6
2. Long-term prepayments to suppliers	—	—	—	—	50.0	50.0	50.0	50.0	50.0	0.0	0.0	150.0
3. Capital at inter-company	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	—	—	—	—	—	0.0	1.2	1.5	1.5	0.0	2.2
6. Other long-term receivables	21.7	14.8	16.8	7.0	7.0	7.5	6.9	4.7	4.7	4.5	5.3	4.6
7. Provision for long-term doubtful debts	-0.5	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	3,271.8	4,020.5	4,436.6	3,247.6	3,352.1	3,408.6	3,729.2	3,967.6	3,761.8	3,815.5	3,805.6	3,685.8
1. Tangible fixed assets	3,172.4	3,892.0	4,302.1	3,134.4	3,232.8	3,298.5	3,613.5	3,812.6	3,603.5	3,652.1	3,636.2	3,514.5
- Cost	5,616.7	6,609.0	—	—	—	—	5,706.0	6,265.1	5,991.2	5,972.8	5,894.1	5,705.8
- Accumulated depreciation	-2,444.2	-2,716.9	—	—	—	—	-2,092.6	-2,452.4	-2,387.8	-2,320.7	-2,257.8	-2,191.4
2. Financial leased fixed assets	87.0	89.2	94.8	104.5	110.6	101.2	106.7	146.0	149.3	154.2	160.2	165.8
- Cost	187.7	184.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-100.7	-95.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	12.4	39.3	39.7	8.7	8.7	8.9	9.1	9.0	9.0	9.1	9.2	5.5
- Cost	24.5	57.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-12.2	-17.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	183.3	1,006.0	312.5	458.5	474.5	479.4	209.5	234.2	237.9	237.2	241.2	243.3
- Cost	629.7	1,550.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-446.4	-544.7	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	1,880.8	1,724.1	1,680.4	1,379.9	7,056.9	6,820.5	6,774.9	6,606.8	6,740.2	6,712.7	7,277.5	6,717.2
1. Long-term production in progress	98.4	96.3	96.3	96.3	96.3	96.3	96.3	110.0	110.1	110.1	109.9	109.9
2. Construction in progress	1,782.4	1,627.9	1,584.2	1,283.6	6,960.6	6,724.2	6,678.6	6,496.8	6,630.1	6,602.6	7,167.6	6,607.3
V. Long-term financial investments	1,773.7	731.6	710.8	706.3	642.7	654.0	676.6	698.1	707.8	927.9	941.0	965.0
1. Investments in subsidiaries	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	1,448.4	483.5	480.0	550.2	545.8	614.2	636.6	655.6	673.8	889.3	910.2	934.3
3. Investments in other entities	325.8	313.5	291.6	203.6	144.5	87.6	87.6	82.1	82.1	88.8	82.1	82.1
4. Provision for diminution in value of long-term investments	-53.0	-65.4	-62.4	-48.8	-47.7	-47.8	-47.5	-51.3	-49.5	-51.5	-51.4	-51.4
5. Held to maturity investments	52.6	—	1.6	1.4	—	—	0.0	11.7	1.4	1.4	0.0	0.0
6. Other long-term investments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	201.6	271.9	262.4	234.1	303.9	300.7	292.2	335.1	308.2	226.9	245.2	205.3
1. Long-term prepayments	138.2	163.8	155.0	128.9	140.4	130.3	122.3	148.7	133.8	119.7	141.6	107.0
2. Deferred income tax assets	63.3	58.8	107.3	103.8	99.9	103.2	99.2	112.1	96.5	107.0	103.5	98.2
3. Long-term equipment, supplies, spare parts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other long-term assets	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
5. Goodwill	—	49.3	—	1.3	63.5	67.1	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	—	—	—	—	—	70.6	74.2	77.7	81.3	84.8	88.4
TOTAL ASSETS (280=100+200)	27,898.9	30,467.6	31,529.9	29,020.5	29,390.0	28,990.6	29,411.0	29,276.9	28,644.2	29,071.4	30,199.2	30,032.6
A. LIABILITIES (300=210+330)	15,472.8	17,617.0	18,953.7	16,753.2	18,272.6	17,723.7	18,275.8	18,340.1	17,837.3	18,344.8	20,016.8	20,006.9
I. Short -term liabilities	13,305.8	15,200.8	15,910.6	13,878.1	12,816.9	12,401.4	12,550.7	13,237.0	12,980.9	12,472.8	13,893.6	13,511.9
1. Short-term trade accounts payable	2,850.8	3,307.3	3,454.0	2,174.3	2,303.8	1,920.1	2,258.1	1,637.1	1,773.2	1,599.9	2,198.3	1,938.7
2. Short-term advances from customers	2,824.4	3,509.6	3,682.3	3,022.8	2,875.8	3,354.7	3,261.3	3,503.7	3,651.5	3,898.9	3,215.0	2,511.4
3. Dividends and profits payable	607.1	4.9	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	148.3	127.7	984.1	913.2	105.0	65.3	163.2	140.5	126.4	148.2	122.9	262.3
4. Payable to employees	311.7	289.4	356.1	235.1	216.9	197.8	244.9	213.1	197.0	177.8	222.4	149.5
5. Short-term acrrued expenses	1,142.5	1,194.0	915.5	1,598.8	1,020.2	1,183.1	1,352.1	1,030.1	913.4	805.0	897.6	1,131.5
6. Short-term inter-company payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	23.1	46.7	94.6	124.4	30.6	58.0	48.3	78.2	51.6	69.2	44.0	71.3
9. Other short-term payables	1,080.2	1,345.2	1,065.6	977.3	984.2	986.5	1,006.3	1,582.3	1,041.8	1,048.9	1,010.3	1,152.3
10. Short-term borrowings and financial leases	4,116.0	5,241.4	5,247.2	4,740.6	5,194.1	4,550.9	4,131.2	4,957.6	5,134.7	4,601.2	6,027.8	6,203.3
11. Provision for short-term liabilities	142.8	75.2	50.7	32.5	26.2	23.6	22.7	31.2	28.1	60.3	90.5	26.5
12.. Bonus and welfare fund	58.9	59.5	60.7	59.0	60.1	61.5	62.6	63.1	63.3	63.5	64.9	65.1
13. Price stabilization fund	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
14. Government bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	2,167.0	2,416.2	3,043.1	2,875.1	5,455.6	5,322.3	5,725.0	5,103.1	4,856.4	5,872.0	6,123.2	6,495.1
1. Long-term trade payables	4.3	5.5	0.6	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
2. Long-term advances from customers	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	—	164.1	25.4	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	460.5	474.2	428.5	432.6	472.1	481.7	477.1	485.6	444.8	433.5	444.1	443.0
7. Other long-term liabilities	95.2	54.8	243.6	0.9	78.2	0.9	4.1	48.8	2.7	2.7	36.9	2.6
8. Long-term borrowings and financial leases	1,583.7	1,844.6	2,172.6	2,393.7	4,270.0	4,212.9	4,617.1	3,944.2	3,784.9	4,826.7	5,036.5	5,421.5
9. Convertible bonds	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	3.4	17.7	14.3	2.4	607.8	607.8	607.8	607.8	607.4	607.4	605.6	605.6
12. Provision for long-term liabilities	19.8	19.5	19.3	19.9	27.5	18.9	18.9	16.6	16.6	1.6	0.0	22.3
13. Fund for technology development	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	12,426.2	12,850.6	12,576.2	12,267.3	11,117.5	11,266.9	11,135.2	10,936.9	10,806.8	10,726.6	10,182.4	10,025.6
I. Owner's equity	12,426.2	12,850.6	12,489.8	12,180.7	11,029.3	11,170.1	11,038.3	10,840.0	10,709.9	10,629.7	10,085.4	9,928.7
1. Owner's capital	6,464.7	6,464.7	6,464.7	6,464.7	5,985.9	5,985.9	5,985.9	5,985.9	5,985.9	5,344.7	5,344.7	5,344.7
- Common stock with voting right	6,464,683,360,000.00	6,464,683,360,000.00	6,464,683,360,000.00	6,464,683,360,000.00	5,985,934,580,000.00	5,985,934,580,000.00	5,985,934,580,000.00	5,985,934,580,000.00	5,985,934,580,000.00	5,344,655,140,000.00	5,344,655,140,000.00	5,344,655,140,000.00
- Preferred stock	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	16.3	16.3	—	16.3	16.3	16.3	16.3	16.3	16.3	16.3	16.1	16.2
3. Convertible bond option	—	—	16.3	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	320.2	320.2	233.8	233.8	152.2	152.2	190.6	209.9	171.5	171.5	171.5	160.4
5. Treasury shares	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	0.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	40.1	40.1	40.1	40.1	40.1	40.1	40.1	40.1	40.1	40.1	40.1	40.1
9. Fund to support corporate restructuring	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	4,528.0	4,848.2	4,762.6	4,518.8	1,826.9	1,997.1	1,848.3	1,545.1	1,511.3	2,048.8	1,563.9	1,429.1
- Accumulated retained earning at the end of the previous period	3,977.9	4,481.4	829.7	829.7	1,350.3	1,829.1	929.1	904.1	940.7	1,582.5	1,422.1	1,423.4
- Undistributed earnings in this period	550.1	366.8	3,932.8	3,689.0	476.7	168.0	919.1	641.0	570.6	466.3	141.8	5.7
12. Reserves for investment in construction	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	1,056.9	1,161.1	972.3	907.1	3,007.8	2,978.4	2,957.1	3,042.7	2,984.8	3,008.3	2,949.1	2,938.1
14. Financial reserves	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	—	—	86.4	86.6	88.1	96.8	96.9	96.9	96.9	96.9	97.0	97.0
1. Subsidized not-for-profit funds	—	—	86.4	86.6	88.1	96.8	96.9	96.9	96.9	96.9	97.0	97.0
2. Funds invested in fixed assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	27,898.9	30,467.6	31,529.9	29,020.5	29,390.0	28,990.6	29,411.0	29,276.9	28,644.2	29,071.4	30,199.2	30,032.6

Item	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Profit Before Tax	254.5	451.0	809.2	3,509.6	375.9	181.7	488.8	188.9	174.5	568.1	202.4	92.4
Depreciation of Fixed Assets and Investment Property	-0.4	86.5	20.0	142.2	85.3	84.6	56.4	90.9	87.9	86.1	104.4	58.7
Provision (Increase)/Reversal	121.7	12.3	49.6	0.6	24.2	3.8	21.4	-26.0	-59.5	-28.0	-155.8	-291.7
FX Gain/Loss from Revaluation of Monetary Items	0.2	-0.2	-0.1	-0.8	-1.4	-0.1	-0.0	0.0	-2.9	-0.0	-0.0	-0.0
Gain/Loss from Investment Activities	-277.5	-226.5	-456.3	-3,184.9	-92.7	-9.7	-182.8	-30.1	-35.8	-46.1	-133.3	39.5
Interest Expense	108.3	116.3	124.2	85.0	101.9	65.2	99.1	95.4	102.7	134.3	203.5	158.3
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Adjustments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	206.8	439.4	546.6	551.6	493.2	325.5	482.9	319.1	266.8	714.5	221.1	57.3
Increase/(Decrease) in Receivables	168.1	-842.0	-1,132.1	151.0	94.5	-253.1	106.2	-586.5	686.0	-28.4	809.8	882.1
Increase/(Decrease) in Inventory	309.7	141.2	-19.6	1,940.5	59.2	-121.7	190.4	-122.6	-293.5	-325.9	61.6	262.9
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-596.3	0.7	1,317.6	213.4	-211.3	-493.7	384.0	226.9	307.5	-541.2	724.6	615.5
Increase/(Decrease) in Prepaid Expenses	15.2	10.6	-16.1	13.3	-13.5	-14.8	36.0	-26.6	-10.3	0.7	-16.9	8.9
Changes in Trading Securities	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-140.4	-87.6	-83.2	-121.7	-96.7	-76.5	-137.5	-58.2	-239.9	-83.5	-226.8	-93.0
Corporate Income Tax Paid	-20.9	-918.6	-32.3	-13.9	-25.8	-127.8	-31.2	-32.0	-49.2	-45.6	-117.0	-15.7
Other Operating Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	0.0	-1.2	-0.9	-2.0	-10.1	-1.2	-0.0	-0.2	-0.2	-1.4	-0.2	-0.6
Net Cash Flow from Operating Activities	-57.7	-1,257.6	580.0	2,732.4	289.5	-763.2	1,030.7	-280.0	667.2	-310.8	1,456.3	1,717.4
Payments for Fixed Assets and Other Long-term Assets	-377.2	-77.4	-330.4	-98.3	-113.2	-87.0	148.1	222.3	-328.4	-62.7	229.7	-529.9
Proceeds from Disposal of Fixed Assets and Long-term Assets	2.3	—	5.0	0.6	-0.2	1.1	-6.3	3.4	4.3	0.0	24.5	-13.6
Loans and Purchases of Debt Instruments	-1,206.7	-137.2	-3,457.2	-5,951.3	-84.6	-1,300.3	-5,288.0	-1,048.8	-882.0	-137.8	736.0	-4,512.2
Receipts from Loan Repayments and Sale of Debt Instruments	1,923.3	1,588.0	4,005.9	-374.6	99.9	1,003.8	4,823.6	813.0	1,150.5	509.5	-675.4	5,041.3
Investments in Other Entities	-718.8	-21.9	—	—	—	—	0.0	0.0	4.2	-6.7	0.0	0.0
Proceeds from Investments in Other Entities	811.8	—	127.4	4,685.4	38.3	—	173.8	0.0	213.8	0.0	108.8	0.0
Dividends and Interest Income Received	229.5	194.1	182.7	34.7	127.7	2.0	52.0	-73.0	-34.6	306.6	128.3	23.9
Increase/(Decrease) in Term Deposits	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Payments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	664.1	1,545.5	-581.2	-1,762.6	14.1	-380.4	-96.8	-83.1	127.8	609.0	551.8	9.5
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	—	0.00	0.00	0.00	0.00	28,907,000,000.00	10,300,000.00
Share Repurchases	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	1,601.5	2,029.1	2,577.4	2,487.0	2,862.4	1,741.6	1,804.1	2,627.0	2,028.6	1,897.1	2,000.8	2,910.4
Repayment of Borrowings	-2,587.8	-2,508.4	-2,712.0	-2,735.5	-2,165.4	-1,729.1	-1,406.0	-2,684.9	-2,486.8	-3,554.1	-2,589.6	-4,650.0
Repayment of Finance Leases	-10.4	-7.7	-8.7	-8.2	-8.0	-7.7	0.2	-7.1	-6.0	-13.8	-3.6	-15.2
Dividends Paid	0.0	-0.0	-63.9	-11.2	-487.1	-0.8	-0.3	-48.9	-33.7	11.8	-43.8	-8.4
Other Financing Receipts	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Payments	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-996.7	-486.9	-207.1	-268.0	201.9	4.0	398.1	-113.9	-497.9	-1,658.9	-607.3	-1,763.2
Net Cash Flow During the Period	-390.3	-199.0	-208.3	701.8	505.6	-1,139.6	1,332.0	-477.0	297.1	-1,360.7	1,400.8	-36.3
Cash and Cash Equivalents at Beginning of Period	2,131.9	2,330.9	2,539.2	1,837.4	1,331.7	2,471.4	2,669.9	2,669.9	2,669.9	2,669.9	1,710.2	1,710.2
FX Difference from Revaluation	0.0	-0.0	0.1	0.0	0.0	0.0	0.0	-0.0	0.0	0.0	0.0	-0.0
Cash and Cash Equivalents at End of Period	1,725.9	2,131.9	2,330.9	2,539.2	1,837.4	1,331.7	2,461.3	1,129.3	1,606.3	1,309.2	2,669.9	1,269.1

Giải mã BCTC

Điểm nhấn trong BCTC của Tổng Công ty cổ phần Xuất nhập khẩu và Xây dựng Việt Nam (VCG) mà bạn nên biết

Q2/2026 On a TTM 2026Q2 basis, VCG has not accelerated revenue sharply, but profitability is improving visibly — profit is at an all-time high.

Want to know what to do next with this momentum? Talk to an advisor

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