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Vietnam Expressway Services Joint Stock Company (VSE) was established in 2008 by founding shareholders, including Vietnam Expressway Development Investment Corporation (VEC), Vietnam National Petroleum Corporation (Petrolimex), Vina Private Investment Company Limited (VP Capital) and Viet Capital Securities Joint Stock Company (VCI). The company operates in the field of operation management, maintenance, vehicle load control and highway toll collection, construction and installation, billboard business and other commercial services. VSE became a public company in April 2018. The company is currently managing Noi Bai - Lao Cai expressway (Km 149+705 - Km 244+570) and Da Nang - Quang Ngai route (Km 00+000 - Km65+000). VSE has extensive experience in the construction of expressway works, ancillary items, gas station system, rest stop, service restaurant. In addition, VSE also participates in business cooperation in services and leasing billboard locations along expressways. VSE has been traded on the UPCOM market since October 2018.
VSE currently has a market capitalization of roughly VND 59 billion, placing it in the small-cap group on the Vietnamese stock market. Its current P/E of 24,3x is 13% above its own 5-year average (21,6x), suggesting the stock is trading richer than its historical norm. P/B stands at 0,7x, 8% above its multi-year average of 0,7x. Return on equity (ROE) is at 3,1%, up from 2% the year before. Its debt-to-equity ratio of 0x is low, reflecting a conservative capital structure. In 2025, revenue grew 38% year-on-year while after-tax profit grew 59%.
This note is generated automatically from the stock's real financial data, for reference only — not investment advice.
Unit: VND billion. Growth (%) vs. previous period.
Not enough data for this period.
Unit: VND billion. Year-end values; current year uses latest session.
Unit: x. Financial debt over shareholders' equity.
Data aggregated from cafef.vn and VNDirect, for reference only, not investment advice.