In the context of the upcoming 2026 Annual General Meeting of Shareholders, scheduled to be held on April 4, 2026, Construction Joint Stock Company 47 (HOSE: C47) is delivering a strong message to investors and shareholders: “Growth is not only reflected in business plans, but is being concretized through our presence at projects with the highest requirements in terms of progress, technical standards, and execution responsibility; aiming for 2026 targets of VND 1,800 billion in revenue, VND 60 billion in profit after tax, and an expected dividend of 10%.”
According to Plan No. 74/KH-TLĐ-EVN, 2026 marks the first year of implementing the Resolution of the 14th National Party Congress and the socio-economic development goals for the 2026–2030 period, while continuing the implementation of the National Power Development Plan for 2021–2030 with a vision to 2050. In the context of continuously increasing electricity demand, accelerating the progress of key power source projects has been identified as critically important. This not only enhances power supply capacity and ensures the stability of the national power system but also plays a vital role in promoting sustainable national development.
Tri An Hydropower Expansion Project (left) and Bac Ai Pumped Storage Hydropower Project (right) are currently under construction with several key components underway (Source: EVN)
On March 27 and 28, 2026, Vietnam Electricity (EVN), in coordination with the Vietnam General Confederation of Labour, organized a launch ceremony for an emulation movement aimed at achieving the targets and schedules of key power projects in 2026. The movement, themed “Accelerate Construction – Maintain Safety – Ensure Quality – Determined to Finish on Schedule”, focuses on three key projects: Tri An Hydropower Expansion (Dong Nai Province), Bac Ai Pumped Storage Hydropower (Lam Dong Province), and Quang Trach II LNG Power Plant (Quang Tri Province). Notably, among the three key projects selected by EVN for the 2026 emulation campaign, CC47 is present at two projects, directly participating and signing emulation commitments with project stakeholders: Bac Ai Pumped Storage Hydropower and Tri An Hydropower Expansion.
- Bac Ai Pumped Storage Hydropower is the first pumped storage hydropower project in Vietnam and the largest in Southeast Asia, playing a crucial role in regulating and stabilizing the national power system amid the rapid growth of renewable energy sources,
- Tri An Hydropower Expansion is a key project extending the existing hydropower system, with high requirements in both technical standards and construction progress.
At the ceremonies, project owners and contractors agreed to implement the emulation movement with the following key focuses:
- Accelerating construction progress in line with critical milestones
- Ensuring construction quality and occupational safety
- Promoting innovation and technical improvements during implementation
- Enhancing coordination among stakeholders to optimize construction organization on-site
Mr. Cao Thanh Tuan (third from the left) – Deputy General Director of the Company, signing the emulation commitment at the Bac Ai Pumped Storage Hydropower Project (Source: EVN)
Mr. Cao Thanh Tuan (fourth from the left) – Deputy General Director of the Company, signing the emulation commitment at the Tri An Hydropower Expansion Project (Source: EVN)
The simultaneous participation in two projects representing two strategic directions—new energy and core competencies—not only reaffirms CC47’s position as a contractor but also demonstrates a clear shift in the Company’s development strategy.
The emulation activities implemented directly at project sites in the lead-up to the General Meeting are not merely symbolic of fulfilling production tasks; they serve as tangible evidence of the Company’s readiness to execute its strategy—where orientations are no longer confined to plans but are being realized through actual progress and workload.
On that foundation, the targets of VND 1,800 billion in revenue and VND 60 billion in profit after tax for 2026 are not only about scale. This marks a phase in which CC47 simultaneously undertakes two missions: maintaining stability and enhancing the quality of its core construction segment, while gradually building an energy portfolio capable of generating long-term cash flows.
This will form the basis for CC47 not only to grow in revenue but also to improve profit quality, expand its development space, and create more sustainable value for shareholders in the years ahead.
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