On 5/5, the Board of Directors (BOD) of Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) approved the resignation of Tran Dinh Tuan as chairman.

Tuan had only taken on this role in mid-february, replacing Nguyen Huu Toi. At that time, Vinaconex stated that Toi was temporarily detained on charges of bidding violations.

Vinaconex's Board of Directors elected Nguyen Xuan Dong as chairman for the 2022-2027 term, effective 5/5. A week ago, Dong resigned from his role as the company's general director.

Nguyen Xuan Dong joined Vinaconex in late 2018. This also marked the period when An Quy Hung, a company where he serves as chairman and general director, spent 7,400 billion dong to acquire nearly 58% of Vinaconex's capital from SCIC.

Born in 1966, Dong has nearly 40 years of experience in construction, investment, and corporate finance. According to Vinaconex, he has implemented effective management and operational solutions to maintain stability and foster development for the corporation over the past 8 years.

Nguyen Xuan Dong. Photo: Vinaconex

Replacing Dong as CEO is Pham Thai Duong, the deputy general director. Duong holds a degree in construction engineering and a master's in business administration.

Established in 1988 under the Ministry of Construction, Vinaconex is one of Vietnam's oldest construction and real estate enterprises. Before its equitization, Vinaconex participated in numerous large-scale infrastructure, industrial, and civil projects nationwide. The corporation began its restructuring process six years ago when state capital was divested.

This year, the company aims for 15,423 billion dong in revenue, a 22% decrease compared to 2025. It also forecasts a 73% drop in after-tax profit to 1,037 billion dong.

In the first quarter, the company achieved 3,424 billion dong in revenue, an increase of about 32% compared to the same period in 2025. After deducting expenses, Vinaconex reported a pre-tax profit of 451 billion dong, up 148%.

Anh Tu