Sông Đà Cao Cường (SCL) reported Q3 2026 net revenue of over 263 billion VND, up nearly 98%, and profit after tax of 38 billion VND, up 136% year on year, while gross margin rose from about 36% to 41%. For the first nine months, net revenue reached nearly 666 billion VND (up 81%) and profit after tax nearly 94 billion VND, about 2.3 times the prior-year figure, even as selling and administrative expenses more than doubled. As of Sept. 30, 2026, short-term customer receivables were nearly 116 billion VND, up 31% from the start of the year, with about 68 billion VND owed by Công ty Cổ phần Phát triển và Đầu tư Xây dựng VinCons (around 59% of the total). The company also had receivables of nearly 10.8 billion VND from Công ty TNHH Trọng Phong and nearly 4.7 billion VND from Công ty Cổ phần Vạn Thiên A, and set aside over 4.1 billion VND in provisions for doubtful debts.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Một doanh nghiệp báo lãi quý 3 tăng 136%, có khoản phải thu với công ty của ông Phạm Nhật Vượng
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- One company reports Q3 profit up 136% amid an unexpected receivable
Sông Đà Cao Cường (SCL) reported Q3 2026 net revenue of over VND 263 billion, up nearly 98%, and profit after tax of VND 38 billion, up 136%, helped by gross margin improving from about 36% to 41%. For the first nine months, net revenue reached nearly VND 666 billion (up 81%) and profit after tax nearly VND 94 billion, about 2.3 times the same period last year, even as selling and general administrative expenses more than doubled. Notably, short-term customer receivables stood at nearly VND 116 billion as of September 30, 2026, up 31% from the start of the year, with receivables from VinCons alone at nearly VND 68 billion, about 59% of the total. The company set aside provisions for doubtful receivables of over VND 4.1 billion, almost unchanged from the beginning of the year.
- After VinFast of Pham Nhat Vuong, a Vietnamese company surprises with new electric vehicle lineup capable of over 1,000 km
TMT Motors plans to launch a new lineup of commercial vehicles in Q4 2026, including electric trucks, electric vans and combustion-engine trucks. The G100P EV electric truck has a 990 kg payload and up to 300 km per charge, while the G230P REEV, an extended-range electric version, has a total range of up to 1,038 km. The company has not yet disclosed prices or commercial launch dates, and it targets at least 1,000 charging points operating by end-2026 through TMT-EGREEN. In the first half of 2026, TMT Motors booked net revenue of about VND 1,103 billion, down 11%, while after-tax profit rose 16.3% to about VND 64 billion. After six months, the company had completed about 30% of its full-year revenue plan and 29% of its profit target.
- Supplying pallets, trolleys, steel cages... to a Vingroup company, a Vietnamese business reports revenue nearly doubling and plans two more factories next year
CNC Hà Nội, which supplies pallets, packaging crates, trolleys and steel cages, reported revenue of over 225 billion VND in the first nine months of 2026, about double the more than 110 billion VND recorded in 2025. It became a direct supplier to VinFast in 2025, having supplied the automaker indirectly through its suppliers since 2017. Its workforce has also nearly doubled, and it produced nearly 100,000 packages in the first nine months. The company plans to open two more factories in Hanoi and Hung Yen in 2027 if customer demand is strong enough, and hopes to supply VinFast's overseas plants in Indonesia and India, though these are expectations rather than confirmed orders.
- Green SM of Mr. Phạm Nhật Vượng Confirms IPO Plan, but the Chosen Venue Is Not Vietnam
In a report following its meeting with Vingroup, VNDIRECT Securities said Green SM's leadership confirmed plans for an IPO in Hong Kong, though no timing or size has been disclosed. Green SM currently operates about 288,000 electric vehicles across 8 countries and aims to expand to 11 by the end of 2026, with an estimated market share of about 55%. In 2025 the company recorded gross merchandise value (GMV) of about 1 billion USD and turned EBITDA positive in Vietnam as well as on a consolidated basis. Analysts cite operating costs for electric vehicles up to 50% lower than combustion-engine equivalents, and the company benefits from support by VinFast and V-GREEN in vehicles and charging infrastructure. The report also notes that VinFast's India sales rose from about 300 units in its first month to nearly 3,000 in September, with over 1 billion USD in CapEx planned for 2026.
- Dương Sơn Bá Arrested, Nhiệt điện Hải Phòng Announces Key Personnel Change
On October 13, 2026, the board of Nhiệt điện Hải Phòng (HND) approved the removal of Dương Sơn Bá as General Director, nearly five months after he was prosecuted and detained for “forging documents of agencies or organizations.” The company did not state a reason and has not yet named an official replacement. Since May 21, Deputy General Director Trần Xuân Trường has performed the General Director's duties, and in August 2026 Lê Anh Tân was assigned the same role. The company also approved an extraordinary shareholders' meeting on December 4, 2026 to restructure the board and supervisory board, with November 3 as the final registration date for the shareholder list. In the first half of 2026, net revenue reached nearly 6,081 billion VND, up 8%, and after-tax profit exceeded 508 billion VND, up nearly 25%.
- Đặng Phan Tường Faces Criminal Charges as Company Releases Key Documents
Dong Anh Electrical Equipment Corporation (EEMC, ticker TBD) has published documents for its 2026 extraordinary general meeting, planned for November 7 in Hanoi, to dismiss and elect one additional board member for the 2026–2031 term. The move follows a notice from the Ministry of Public Security's investigation police that board member Đặng Phan Tường has been charged, and under the Enterprise Law, people facing criminal prosecution do not meet the requirements to sit on the board. Tường previously chaired the members' council of the National Power Transmission Corporation for nine years, and the case involving EVNNPT, PC1 and related companies has seen 47 people charged across five groups of offences, with the investigation continuing to expand. In the first half of 2026, Tường received total income of 94.8 million VND from EEMC, while the company reported net revenue of about 1,111 billion VND and after-tax profit of over 66 billion VND, down roughly 25% year on year. Shareholders holding at least 10% of voting shares may nominate candidates, with submissions due by 3 p.m. on November 6, 2026.
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