SIP

HOSEReal Estate & Construction

Investment Sài Gòn VRG Joint Stock Company

Original Name: Công ty cổ phần Đầu tư Sài Gòn VRG

Reference Price52.700 ₫

Interactive Stock Chart

Exchange Ticker: HOSE:SIP

Listing Information

Exchange MarketHOSE

Live SectorIndustrial Manufacturing

First Trading Date06/06/2019

First Close Price₫130,500

Capital Structure

Charter Capital2,421.13 Billion VND

Listed Shares242,112,943

Outstanding Shares242,112,943

Treasury Shares-

Professional Advisors & Auditors

Independent Auditing History

Fiscal Year	Auditing Organization
2025	EY Vietnam Co., Ltd.
2024	EY Vietnam Co., Ltd.
2023	EY Vietnam Co., Ltd.
2022	EY Vietnam Co., Ltd.
2021	EY Vietnam Co., Ltd.
2020	EY Vietnam Co., Ltd.
2019	EY Vietnam Co., Ltd.
2018	EY Vietnam Co., Ltd.

IPO & Listing Consultant

Securities T.P Hồ Chí Minh JSCListing Ticker Symbol: HCM

Detailed Corporate Timeline & Sectors

Timeline of Establishment & Development:

October 24, 2007: Established Saigon VRG Investment Joint Stock Company according to business registration certificate No. 0305268812 (old number 4103008227) for the first time on October 24, 2007.
January 3, 2019: Saigon VRG Investment Joint Stock Company was approved by the State Securities Commission to become a public company according to Document No. 32/UBCK-GSĐC dated January 3, 2019.
February 20, 2019: Saigon VRG Investment Joint Stock Company was granted the first securities registration certificate by the Vietnam Securities Depository Center No. 08/2019/GCNCP-VSD, stock code: SIP.

Main business:

Specializing in investing and developing infrastructure of industrial parks, real estate, residential areas with essential social infrastructure needs: houses, apartments, offices, restaurants, shopping centers and providing utility services such as electricity, water, wastewater treatment.

Address: Lot TT2-1, Road D4, Dong Nam Industrial Park, Hoa Phu Commune, Cu Chi District, Ho Chi Minh City.

Phone: (84.28) 3847 9375 Fax: (84.28) 3847 9272

Disclosure Officer:

Email: ''

Website: http://saigonvrg.com.vn

Ratio / Financial Indicator	2022	2023	2024	2025
Earnings Per Share (EPS)	₫4,171	₫4,145	₫5,282	₫6,060
Price-to-Earnings (P/E)	12.63x	12.71x	9.98x	8.70x
Book Value Per Share (BVPS)	₫15,120	₫16,637	₫20,106	₫24,014
Price-to-Book (P/B)	3.49x	3.17x	2.62x	2.19x
Return on Equity (ROE)	27.59%	24.92%	26.27%	25.23%
Return on Assets (ROA)	5.31%	4.77%	5.10%	5.12%
Net Profit Margin	16.74%	15.03%	16.39%	17.07%
Debt-to-Equity Ratio	4.19	4.23	4.15	3.93
Current Ratio	4.84	2.84	2.88	2.86

Audited Financial Statements

Source: KB Securities (KBS) Datafeed • Updated dynamically

Show absolute values (VND)

Doanh thu thuần về bán hàng và cung cấp dịch vụNet revenue

+42.5% YoY

Lợi nhuận sau thuế thu nhập doanh nghiệpNet profit after tax

+45.3% YoY

TỔNG CỘNG TÀI SẢNTOTAL ASSETS

+50.9% YoY

Financial Indicator (VND)	2025	2024	2023	2022
1. Doanh thu bán hàng và cung cấp dịch vụ 1. Revenue	8,598,287,199,000	7,804,642,332,000	6,679,456,563,000	6,036,955,711,000
2. Các khoản giảm trừ doanh thu2. Deduction from revenue	2,061,177,000	3,485,408,000	2,939,204,000	2,432,732,000
3. Doanh thu thuần về bán hàng và cung cấp dịch vụ3. Net revenue	8,596,226,022,000	7,801,156,924,000	6,676,517,359,000	6,034,522,980,000
4. Giá vốn hàng bán 4. Cost of goods sold	7,252,790,659,000	6,706,012,610,000	5,746,069,768,000	5,133,385,266,000
5. Lợi nhuận gộp về bán hàng và cung cấp dịch vụ5. Gross profit	1,343,435,363,000	1,095,144,314,000	930,447,591,000	901,137,714,000
6. Lãi/Lỗ của hoạt động bán, thanh lý bất động sản đầu tư6. Gain/(Loss) on disposal of investment property	-	-	-	-
7. Doanh thu hoạt động tài chính 7. Financial income	802,533,048,000	621,931,772,000	439,301,904,000	390,373,841,000
8. Chi phí tài chính 8. Financial expenses	220,043,958,000	116,461,688,000	68,652,642,000	29,567,686,000
Trong đó: Chi phí đi vay Of which: Interest expense	161,671,773,000	76,838,871,000	64,090,698,000	26,552,000,000
8. Phần lãi/lỗ trong công ty liên doanh, liên kết8. Share of associates and joint ventures' result	38,855,978,000	65,327,455,000	71,016,913,000	84,318,849,000
9. Chi phí bán hàng 9. Selling expenses	75,659,413,000	21,646,532,000	13,131,632,000	15,155,152,000
10. Chi phí quản lý doanh nghiệp 10. General and administrative expenses	96,536,698,000	88,520,636,000	95,597,965,000	91,971,753,000
11. Lợi nhuận thuần từ hoạt động kinh doanh11. Operating profit	1,792,584,321,000	1,555,774,686,000	1,263,384,169,000	1,239,135,812,000
12. Thu nhập khác 12. Other income	56,212,573,000	18,533,842,000	12,806,432,000	7,988,176,000
13. Chi phí khác 13. Other expenses	10,273,203,000	2,568,471,000	1,899,261,000	1,587,979,000
14. Lợi nhuận khác14. Other profit	45,939,370,000	15,965,371,000	10,907,171,000	6,400,196,000
Phần lợi nhuận/lỗ từ công ty liên kết liên doanhShare of associates and joint ventures' result	-	-	-	-
15. Tổng lợi nhuận kế toán trước thuế15. Profit before tax	1,838,523,691,000	1,571,740,057,000	1,274,291,339,000	1,245,536,009,000
16. Chi phí thuế TNDN hiện hành16. Current corporate income tax expenses	376,749,834,000	296,845,740,000	258,541,178,000	238,809,403,000
17. Chi phí thuế TNDN hoãn lại 17. Deferred income tax expenses (*)	-5,314,016,000	-3,939,699,000	12,095,053,000	-3,169,188,000
18. Lợi nhuận sau thuế thu nhập doanh nghiệp18. Net profit after tax	1,467,087,874,000	1,278,834,016,000	1,003,655,109,000	1,009,895,794,000
Lợi ích của cổ đông thiểu sốMinority Interest	144,215,967,000	108,671,216,000	76,758,593,000	32,739,383,000
Lợi nhuận sau thuế của cổ đông của Công ty mẹProfit after tax for shareholders of parent company	1,322,871,907,000	1,170,162,800,000	926,896,516,000	977,156,411,000
19. Lãi cơ bản trên cổ phiếu (VNÐ)19. Earnings per share (VND)	4,972	5,136	4,574	10,530
20. Lãi suy giảm trên cổ phiếu (*)20. Diluted earnings per share	5,000	5,000	5,000	11,000

Data Source & Disclaimer

Data Source: Financial statement data is automatically aggregated from official disclosure feeds of listed companies through the analysis system of KB Securities Vietnam JSC (KB Securities).

Disclaimer: All financial data displayed on this website is provided for general reference purposes only. We make every effort to update accurate data but do not provide any warranty regarding its completeness or absolute reliability. The displayed figures do not constitute investment advice or an offer to trade securities. Users assume all risks and responsibilities for any financial decisions made based on the data on this website.

SIP

Investment Sài Gòn VRG Joint Stock Company

Interactive Stock Chart

Listing Information

Capital Structure

Professional Advisors & Auditors

Independent Auditing History

IPO & Listing Consultant

Detailed Corporate Timeline & Sectors

Key Financial Ratios (2025)

Historical Financial Metrics (YoY)

Financial Ratios Reference & Interpretation Guide

Audited Financial Statements

SIP — Financial Data Summary (2022–2025)

Executive Summary

Operating Performance & Profitability

Asset Structure & Financial Leverage

Cash Flow Quality