Key Highlights of VIMID’s 2025 Annual General Meeting of Shareholders – Ready to Kick off a New Era of Growth!

On April 19, 2025, Vietnam Machine Investment Development Joint Stock Company (VIMID – stock code: VVS) will convene its 2025 Annual General Meeting of Shareholders (AGM) at the Nam Cường Building, Dương Nội Urban Area, Hà Đông District, Hanoi. The event is expected to serve as a strategic milestone, marking a bold transformation and the beginning of a breakthrough growth phase for VIMID in its next development journey.

VIMID 2024 Annual General Meeting of Shareholders

With the 2025 theme “Solid Foundation – Ready to Break Through,” this year’s meeting will focus on discussing and voting on several key matters, including three key components of the company’s long-term growth strategy: cash dividend payment for 2024, investment in the new truck assembly and manufacturing plant, and the listing of VVS shares on the Ho Chi Minh City Stock Exchange (HOSE).

Proposal for 2024 Cash Dividend Payment: Affirming business performance and Commitment to Shareholders

With outstanding business performance in 2024 — net revenue reaching VND 3,609 billion and profit after tax tripling year-on-year from VND 17 billion to VND 68 billion — the Board of Directors will submit a proposal to distribute a 10% cash dividend.

This initiative not only reflects VIMID’s effective operations and transparent governance throughout the past year but also reaffirms the company’s commitment to protecting and enhancing shareholder value. In a time when many businesses opt to retain earnings for reinvestment, VIMID continues to balance both sharing current achievements and investing in sustainable growth for the future.

If approved, the dividend payment is expected to take place in the 4rd and 4th quarter of 2025, either via bank transfer or in-person collection at the company’s headquarters.

Proposal for Investment in Truck Assembly Plant: Ready to conquer the new milestone

One of the most anticipated highlights of the Annual General Meeting is the proposal to invest in the new truck assembly plant, covering 10–15 hectares with a total estimated investment of USD 50 million.

This initiative represents a strategic milestone that emphasised VIMID’s long-term vision and ambition to enhance its value chain. Establishing its own manufacturing and assembly facility will enable VIMID to gain full control over its supply chain, ensure product quality, and optimize production costs — while paving the way for the introduction of green and electric truck lines. These next-generation vehicles not only align with the global energy transition trend but also reinforce VIMID’s role as a pioneer in advancing Vietnam’s transport industry toward greater sustainability and innovation.

The project embodies VIMID’s growth ambition — expanding its business footprint, unlocking new investment opportunities, and delivering greater returns to shareholders in line with the company’s vision and strategic roadmap. It also supports VIMID’s goal of ranking among the Top 3 truck brands in Vietnam, with a long-term aspiration to become a leading regional truck manufacturer integrating artificial intelligence, robotics, and clean energy technologies.

Proposal to Transfer and List VVS Shares on HOSE: Reinforcing Market Position and Brand Prestige

Following thorough preparation in collaboration with its advisory partner, SSI Securities Corporation, VIMID will submit for shareholder approval a proposal to transfer the listing of VVS shares from UPCoM to the Ho Chi Minh City Stock Exchange (HOSE) — the premier exchange in Vietnam, home to the country’s most transparent and reputable corporations.

Listing on HOSE will enable VVS shares to gain broader exposure to institutional and foreign investors, thereby enhancing liquidity, increasing share value, and expanding access to capital for VIMID’s long-term growth strategies. This move marks a strategic advancement, positioning VIMID and its shareholders to participate more actively in the country’s leading capital market while reinforcing the company’s corporate reputation and investment appeal.

Beyond these key proposals, the meeting will also review and approve: The 2024 business performance report and the 2025 business plan; The profit distribution plan for 2024 and the proposed profit allocation for 2025; The remuneration plan for the Board of Directors for 2024 and 2025.

The 2025 Annual General Meeting of Shareholders represents more than a corporate event — it is a strategic roadmap that captures the ambition, vision, and determination of VIMID for the breakthrough journey ahead. Each agenda item presented reflects not just a decision, but a strong commitment to the company’s future growth and long-term shareholder value, reaffirming VIMID’s pioneering position in Vietnam’s transport and logistics industry.