Vietnam Manufacturing and Export Processing (HKG:0422) expects to post a net profit of at least $3.5 million for 2025, marking a turnaround from a $3.8 million net loss a year earlier, according to a Friday Hong Kong bourse filing.

The turnaround was driven mainly by income recognised from the completion of a major land-use rights transfer in Bien Hoa City, Vietnam, during the year, the company said.

Final results are expected to be published before the end of March.