# Vietnamese corporate financial performance

> Live situation record from CLSTR: https://clstr.news/situations/vietnamese-corporate-financial-performance
> Updated: 2026-10-19T03:57:11.000Z. Sources: 9. Developments: 3.

Major Vietnamese companies reported significant profit growth during the 2026 period.

Hanoi Beer-Alcohol-Beverage Joint Stock Corporation (HABECO) recorded a 75% increase in profit after tax for the first half of 2026, reaching 314.1 billion VND. The company attributed this growth to market development, favorable weather, and higher deposit interest rates. HABECO’s ownership includes 81.79% state capital and 17.5% held by the Carlsberg Group. Additionally, the company noted significant depreciation of its computer software, which reached nearly 87% of its original cost by June 30, 2026.

In the construction sector, Coteccons reported a 73% increase in after-tax profit for fiscal year 2026, totaling 788.4 billion VND, on net revenue of 34,340 billion VND. Following this growth, the firm implemented salary increases of 20% to 25% for many employees and issued bonuses of up to 15 months' salary. The company ended the fiscal year with a record backlog of approximately 70,000 billion VND, roughly double its annual revenue.

For fiscal year 2027, Coteccons has set targets of 42,000 billion VND in revenue and 1,050 billion VND in profit after tax. Chairman Bolat Duisenov announced a strategic shift toward expanding into the residential construction market for individual customers (B2C) to complement its existing civil, industrial, and infrastructure projects. While prioritizing contract safety over pure scale, long-term projections suggest revenue could exceed 72,600 billion VND by 2029.

## Timeline

### 2026-10-19: Coteccons targets revenue growth and B2C residential expansion

Coteccons reports record backlog of 70,000 billion VND and targets 42,000 billion VND in revenue for FY2027, while planning to expand into residential construction for individual customers.

3 sources. https://clstr.news/cluster/coteccons-targets-revenue-growth-and-b2c-residential-expansion

### 2026-09-26: Coteccons reports strong profit growth and implements significant salary increases

Coteccons reported a 73% profit increase for fiscal year 2026, leading to salary raises of up to 25% and significant bonuses, while setting a 2027 profit target of 1,050 billion VND.

2 sources. https://clstr.news/cluster/coteccons-reports-strong-profit-growth-and-implements-significant-salary-increases

### 2026-09-07: HABECO reports 75% profit increase in first half of 2026

HABECO reported a 75% increase in after-tax profit for the first half of 2026, reaching 314.1 billion VND, driven by market expansion and favorable interest rates.

5 sources. https://clstr.news/cluster/habeco-reports-75-profit-increase-in-first-half-of-2026

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Cite as: Vietnamese corporate financial performance. CLSTR, https://clstr.news/situations/vietnamese-corporate-financial-performance