On April 24, 2026, IDICO Corporation – JSC (HNX: IDC) successfully held its 2026 Annual General Meeting of Shareholders (AGM) in Ho Chi Minh City, with the participation of shareholders representing a qualified voting ratio in accordance with regulations.
The meeting took place amid a volatile market environment, where geopolitical factors and adjustments in global trade policies continued to exert pressure on the business landscape. Despite these challenges, IDICO maintained solid business performance and strengthened its internal foundation, marking a key transition into a new development phase, with a focus on “breakthrough and creating sustainable value.”
Despite short-term volatility, long-term industry fundamentals remain intact
Speaking at the AGM, Ms. Nguyen Thi Nhu Mai, Chairwoman of the Board of Directors, stated:
“2025 was marked by significant volatility, particularly from global trade policy shifts. However, these factors do not reverse the long-term growth trajectory of the economy, as demand for industrial park development continues to be driven by GDP growth and the recovery of investment flows.
In this context, IDICO has proactively adapted, strengthened its internal capabilities, and enhanced resilience, laying a solid foundation for the next phase of development.”
According to the Board of Directors, the past period was not only a challenge but also an opportunity for the Company to reinforce its system and accumulate resources in preparation for a new growth cycle. At the macro level, Vietnam remains an attractive destination in the global supply chain shift, supported by its strategic location, political stability, open FDI policies, and abundant workforce.
Key resolutions aligned with investment strategy approved
At the AGM, shareholders discussed and approved key proposals with high consensus, including:
Audited financial statements for 2025, reflecting a stable financial position
Profit distribution plan and a stock dividend at a 10% ratio (100:10), equivalent to nearly 38 million shares (approximately VND 379 billion), sourced from retained earnings
2026 business plan, targeting revenue of VND 9,474 billion and profit before tax of VND 2,903 billion
Investment plan totaling VND 7,742 billion, focusing on industrial parks, energy, ready-built factories and warehouses, and residential and satellite urban developments
Corporate governance reports and other matters under the authority of the AGM
Notably, the stock dividend plan reflects a strategic decision to retain financial resources to support a large-scale investment program, aligned with the Company’s expansion strategy in the coming period.
2025 results: Sustained growth and strengthened operational foundation
The approved resolutions are underpinned by solid 2025 performance:
Consolidated revenue reached VND 9,008 billion
Profit before tax reached VND 2,918 billion
Market capitalization reached VND 13,814 billion
Industrial real estate remained the core growth driver, with 76 hectares of newly leased industrial land and an expanded land bank of approximately 1,222 hectares.
2026 plan: Accelerating investment to capture the next growth phase
The AGM approved the 2026 plan with the following targets:
Revenue: VND 9,474 billion
Profit before tax: VND 2,903 billion
Total investment: VND 7,742 billion
The significant increase in investment reflects a proactive strategy to expand and accelerate project implementation in the coming period.
Ms. Tran Thuy Giang, Member of the Board of Directors, commented:
“In 2026, IDICO will focus on accelerating land clearance and completing infrastructure at key industrial parks, while enhancing operational efficiency through digital transformation, AI applications, and data analytics, thereby improving productivity and service quality for tenants.”
Capital allocation across four core pillars to complete the industrial ecosystem
Investment capital will be allocated across four core business pillars:
Industrial real estate – the primary growth foundation, focusing on key industrial parks such as Vinh Quang, Tan Phuoc 1 and My Xuan B1 Expansion, while expanding ready-built factories and warehouses to optimize land use efficiency
Energy – ensuring stable power supply for industrial parks while promoting renewable energy development in line with green growth
Industrial Park services – enhancing service quality and infrastructure utilities, alongside digital transformation to optimize operations and improve customer experience
Residential and urban development – with approximately VND 1,177 billion planned for worker housing, social housing, and satellite urban areas, gradually realizing the “industrial park integrated with residential and services” model
Transparency and readiness for the next growth phase
During the Q&A session, the management addressed shareholders’ questions regarding land bank expansion, project progress, and long-term strategy. Mr. Dang Chinh Trung, CEO and Member of the Board of Directors, also highlighted IDICO’s competitive advantages amid a projected increase in industrial land supply.
IDICO possesses a high proportion of cleared and legally completed land, ready for lease, providing advantages in project execution speed and cost control. Its industrial parks are strategically located along key North & South economic corridors, with direct connectivity to major transportation and logistics infrastructure, enhancing attractiveness to businesses.
At the same time, IDICO continues to develop a harmonized industrial ecosystem spanning industrial real estate, energy, industrial park services, and residential and urban development—gradually expanding revenue streams and increasing value per unit of land. Supported by a strong financial foundation and diversified income structure, IDICO competes not only on land availability but also on execution capability and operational efficiency, positioning the Company for accelerated growth in the period ahead.
The 2026 AGM concluded with strong consensus, laying the foundation for IDICO to accelerate investment and transform accumulated resources into long-term growth drivers.
