Though owned by the Ministry of National Defence of Vietnam, 319 CORPORATION (Vietnamese: TỔNG CÔNG TY 319 BỘ QUỐC PHÒNG) operates less like a traditional defense contractor and more like a competitive, well-oiled civil construction conglomerate. Registered as a one-member limited liability company under tax code 0100108984, and headquartered at No. 63, Le Van Luong Street, Cau Giay District, Hanoi, this state-owned enterprise has become a familiar name across Vietnam’s civil and industrial infrastructure projects.

Established on May 28, 2010, and backed by military discipline and leadership, the corporation has grown into a workforce of 3,400 employees under the command of Mr. Tran D. T., its Chairman. It is led operationally by Mr. Nguyen M. K., General Director, with Mr. Phan P. as Deputy.

While it still undertakes missions like bomb and mine clearance—a nod to its military heritage—319 CORPORATION is deeply embedded in the civilian economy. It builds roads, bridges, industrial zones, and residential buildings, and is also engaged in sectors such as mining, electrical installation, and steel fabrication.

Financially, 2023 was a breakthrough year. Sales surged to USD 161.14 million, representing a nearly 42% increase, making it one of the company’s strongest growth years. However, profit dropped sharply by 38%, settling at USD 1.35 million, a sign of tightened margins or rising costs. Total assets increased to USD 186.2 million, while equity remained stable at USD 37.71 million. The company posted a working capital surplus of USD 5.37 million, offering moderate financial flexibility.

For businesses looking to partner with 319 CORPORATION, it’s essential to look beyond its military ownership. This is a commercial powerhouse, subject to the same project pressures and financial dynamics as any private-sector player. And with support from VANGUARD BUSINESS INFORMATION LLC (VBI), stakeholders can access in-depth analysis of the company’s credit position, project capacity, and contractual performance through tools like contractor verification, risk scoring, and government affiliation checks.

In short, 319 CORPORATION is where military structure meets market ambition, disciplined, strategic, and ready for civil competition.