HCMC – Phuoc Hoa Rubber JSC could receive more than VND1.4 trillion in compensation for land recovery in the Bac Tan Uyen 1 Industrial Park project, the company said.
The company announced it had received a land recovery decision for the industrial park project, which is expected to start construction in May 2026. The compensation covers losses from the early liquidation of rubber plantations.
The Bac Tan Uyen 1 Industrial Park project is being developed by Thadico – Binh Duong Industrial Park Investment and Development Company Limited, a subsidiary of Truong Hai Group (THACO). The project covers 786 hectares and has a total investment of more than VND75 trillion.
According to estimates by Vietcap Securities, around 704 hectares of the project will be built on land managed by Phuoc Hoa Rubber. Based on a preliminary compensation rate of VND2.05 billion per hectare, the company could record about VND1.4 trillion in compensation during 2026-2027.
Phuoc Hoa Rubber also reached an agreement with the Vietnam Singapore Industrial Park (VSIP) to revise compensation support payments in the VSIP III project to VND3.26 trillion.
By the end of 2025, the company had received nearly VND1.16 trillion from the VSIP III compensation package. The remaining VND2.1 trillion is scheduled for payment in 2026 and 2027.
In the first quarter of 2026, Phuoc Hoa Rubber posted revenue of VND468.3 billion, up 50.3% from a year earlier. Net profit rocketed 177.4% to VND285.1 billion.
The company attributed the profit increase mainly to a surge in other income, which climbed to VND232.3 billion from VND510 million a year earlier.
The additional income came from compensation and support payments related to local development projects and the liquidation of rubber trees for replanting, according to the company.
Phuoc Hoa Rubber recorded VND95 billion in compensation income from the VSIP III project, VND135.8 billion from the THACO project, and VND1.5 billion from site clearance compensation linked to the HCMC–Thu Dau Mot–Chon Thanh expressway project.
Closing the trading session today, May 22, PHR dropped 3.6% to VND67,000, with 672,700 shares changing hands.
Vietnam’s benchmark VN-Index fell 19.76 points, or 1.04%, to close at 1,877.13 on Friday, extending its weekly decline to 2.31%.
The Hochiminh Stock Exchange recorded 133 winners and 177 losers. Trading volume reached more than 854.1 million shares valued at VND22.3 trillion, up 26% in volume and 1% in value from the previous session. Block deals accounted for more than 203 million shares worth VND3.65 trillion.
Vingroup-related stocks led losses among blue chips. VRE and VHM dropped around 3.5% to VND31,700 and VND153,800, respectively.
VIC pared losses late in the session. The stock closed down 1% at VND216,500 after falling more than 4% earlier in the day, helping narrow the VN-Index’s decline.
Other large-cap stocks such as VJC, VCB, PLX, GVR, GAS, and BSR fell between 2% and more than 3%. ACB, VNM, STB, SSB, and SSI ended slightly higher.
Among mid- and small-cap stocks, VND surged to its ceiling price of VND13,650, with matched volume reaching 45.4 million shares, the second-highest on the exchange.
GEE lost more than 4% while its related stock GEX dropped over 6%. VIX fell nearly 3% to VND18,550 and posted the session’s highest trading volume on HOSE at more than 67.5 million shares.
On the Hanoi Stock Exchange, the HNX-Index rose 1.19% to 267.51 points at the close. The exchange saw 55 advancers and 78 decliners, with matched volume totaling more than 84.2 million shares worth VND1.34 trillion.
