194 CONSTRUCTION INVESTMENT CORPORATION JOINT STOCK COMPANY

194 CONSTRUCTION INVESTMENT CORPORATION JOINT STOCK COMPANY – Company Profile, Financial Signals, and Risk View

194 CONSTRUCTION INVESTMENT CORPORATION JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN TỔNG CÔNG TY ĐẦU TƯ XÂY DỰNG 194, abbreviation: TỔNG 194) is a privately held joint stock company registered under Business ID 0301447345. The company was established on 04 November 2009 and is registered with the Ho Chi Minh City Department of Planning and Investment. Its registered address is 194 Golden Building – 473 Dien Bien Phu Street, Ward 25, Binh Thanh District, Ho Chi Minh City, Vietnam. With around 200 employees and over 16 years of operating history, the company is a sizeable player connected to Vietnam’s construction-investment and real estate ecosystem.

The company’s main line of business is the trading of its own or rented property and land-use rights, placing it in Vietnam’s property investment segment. At the same time, its registered business scope is broad, covering construction of buildings and utility projects, civil engineering, electrical installation, wholesale of construction materials, logistics and transportation support, accommodation and food services, and a range of other commercial activities. This multi-sector registration is common among large local groups and can support revenue flexibility, but it also increases operational complexity and execution risk across different business lines.

Key management includes Tran N. T. as Director, and Doan T. T. T. as Chief Accountant. The Chairman of the Board is Tran L. P. (name presented in abbreviated form), indicating a governance structure where ownership and leadership are closely linked. The shareholder structure is concentrated: Tran L. P. holds 66%, while Tran N. T. and Pham T. B. T.each hold 12%, and Tran T. Q. H. holds 10%. This ownership profile suggests centralized control, which can enable fast decisions but also concentrates governance and key-person risk.

From a financial perspective, the company reports total assets of approximately USD 138.91 million and owner’s equity of around USD 63.17 million, indicating a relatively strong capital base for a Vietnamese private enterprise. Total sales reached approximately USD 62.63 million, showing a sharp expansion in business scale compared to earlier periods. Working capital stands at about USD 39.6 million, providing a notable liquidity cushion and often a positive indicator in financial risk assessment for construction-investment groups, where cash cycles can be volatile.

The critical point lies in profitability. Despite strong revenue growth and a large asset base, net profit is only about USD 45,857, implying extremely thin margins. This gap between revenue growth and earnings typically signals one (or more) of the following: higher operating costs, project timing effects, finance costs, provisioning, or revenue from low-margin activities. For counterparties, this is an important Risk Management flag: large scale does not automatically mean strong cash profitability, especially in construction and real estate, where margin recognition can be uneven.

Overall, 194 CONSTRUCTION INVESTMENT CORPORATION JOINT STOCK COMPANY appears to be a large, asset-heavy private group with strong equity and liquidity, but profitability that remains modest relative to its size. For deeper Vietnam Business Intelligence, credit review, and access to verified Vietnam Private Financial Data—including historical trend checks, cash-flow proxy analysis, ownership verification, and contract/project risk indicators—readers can refer to the updated and comprehensive company report available at VNBIS.COM for more advanced financial risk assessment.