Real estate firms expected to reap big gains

At an investor meeting held in early December 2025, Taseco Land (HoSE: TAL) said it estimated 2025 revenue at over VND3.82 trillion ($145.57 million), 2.3 times higher than in 2024. The company expects after-tax profit of VND618 billion ($23.53 million), exceeding the plan by 15%.

Riding this growth momentum, Taseco Land has set ambitious targets for 2026, aiming for revenue of VND12 trillion ($456.8 million) and after-tax profit of VND3 trillion ($114.2 million), three and five times the results achieved in 2025, respectively.

According to Taseco Land’s leadership, projects that started selling before 2025 such as Central Riverside and Nghi Son Central Park in the central province of Thanh Hoa, Central Square in the northern province of Thai Nguyen, as well as new projects launched in 2025 like the Taseco Dong Van 3 Industrial Park in the former Ha Nam province (now Ninh Binh province), will continue to make significant contributions to the company’s growth targets.

In 2026, Taseco Land plans to launch sales for the Thai Nguyen Pedestrian Street project in Thai Nguyen, the Duy Tien project in Ha Nam, the Trung Van project in Hanoi, and others. The abundant supply from these projects is expected to generate substantial potential revenue for the firm in the coming year.

Saigon Real Estate Corporation JSC, or Saigonres (HoSE: SGR), targets total revenue of VND1.38 trillion ($52.53 million), after-tax profit of approximately VND380 billion ($14.47 million), and total planned investment of VND3.85 trillion ($146.56 million).

According to its 2025 business report, Saigonres recorded revenue of VND337 billion ($12.83 million), pre-tax profit of VND159 billion ($6.05 million), and investment expenses of VND198.2 billion.

Compared with the 2025 results, its 2026 targets imply that expected revenue is more than four times higher, pre-tax profit is projected to increase by 139%, and investment spending more than 19 times higher.

Oil refinery operator BSR aims for $82.2 mln

Binh Son Refining and Petrochemical JSC (HoSE: BSR), the operator of Vietnam’s first oil refinery Dung Quat, said this year it will continue to operate the Dung Quat oil refinery safely, stably, and continuously at optimal capacity; adjust its product mix to market demand; and maximize business efficiency.

The firm will also proactively and flexibly manage crude oil and intermediate feedstock procurement, develop appropriate purchasing strategies, and plans to ensure stable supply and optimize costs.

In 2026, BSR targets production of nearly 7.7 million tons of products, including more than 3.5 million tons of diesel and nearly 2.4 million tons of RON 95 gasoline.

Financially, it aims for revenue of VND154.14 trillion ($5.87 billion) in 2026. Of this, revenue from core products is estimated at VND86.84 trillion, revenue from new products at VND57.06 trillion; and international trading revenue at nearly VND2.23 trillion.

Its pre-tax profit is projected at VND2.41 trillion ($91.74 million), after-tax profit at VND2.16 trillion ($82.22 million), and contributions to the state budget at approximately VND12.6 trillion.

Regarding dividends, BSR plans to spend VND1 trillion ($38.07 million) to pay dividends to shareholders at a rate of 2% (shareholders owning one share will receive VND200) as approved by the 2025 AGM.

In addition, the company plans total investment of VND8.58 trillion ($326.6 million) in 2026, including VND8.45 trillion for capital construction and VND124 billion for equipment procurement. All funding will come from shareholders’ equity.

Ca Mau Fertilizer aims for revenue of over $670 mln

Earlier, in early December 2025, Petrovietnam Ca Mau Fertilizer Corporation (HoSE: DCM) announced its key business targets for 2026.

Accordingly, in 2026, Ca Mau Fertilizer plans to produce 926,000 tons of urea and sell 771,000 tons; 120,000 tons of functional fertilizers; 350,000 tons of NPK; and 3,700 tons of CO2.

With this business plan, the company expects revenue of VND17.62 trillion ($670.7 million), pre-tax profit of VND1.32 trillion ($50.25 million), and after-tax profit of VND1.18 trillion.

The firm also plans to invest VND734 billion ($27.94 million) in capital construction and equipment procurement. Of this, VND455 billion will come from loans and other sources, while the remaining VND279 billion will be funded by equity.

The early disclosure of 2026 business plans by the companies reflects a proactive mindset and strong expectations for a new growth cycle. However, analysts believe that the ability to achieve these targets will still depend significantly on developments in the real estate market, energy and fertilizer prices, and overall economic demand during the year.