CENTRAL CONSTRUCTION JOINT STOCK COMPANY: A Rising Force in Construction With Cautionary Signals

CENTRAL CONSTRUCTION JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN XÂY DỰNG CENTRAL) is a privately held joint stock company, legally registered under business ID and tax code 0314476689. Founded in 2017, the company has quickly grown into a prominent player in civil and industrial construction projects across Vietnam, headquartered in Thu Duc City, Ho Chi Minh City, with a representative office in Hanoi.

Financial Performance: Profitable Yet Slowing

In 2023, CENTRAL CONSTRUCTION JOINT STOCK COMPANY reported revenue of USD 334.52 million, a slight decline of nearly 10% compared to 2022. Net profit also dropped by 13.48%, down to USD 8.29 million. While this still reflects strong profitability for a young construction firm, the trend indicates some slowdown after a phase of rapid expansion.

On the balance sheet, total assets fell slightly to USD 221.03 million, but equity rose to USD 36.12 million, up nearly 30% year-over-year. The company maintained a healthy working capital position of USD 30.75 million, suggesting stability in short-term financial operations.

Management and Ownership

The company is led by Mr. TRAN QUANG TUAN, who serves as both Chairman and General Director, and also controls 81% of total shares. The rest of the shares are held by a small group of Vietnamese shareholders. The leadership structure reflects a tight ownership circle, which allows decisiveness but may also benefit from broader corporate governance practices as the company scales.

The executive team includes Mr. MAI CHANH THANH as Executive Director and Ms. MAI THI KIM DUNG as Chief Financial Officer, reflecting a relatively lean but focused leadership core.

Risk Assessment and Transparency Needs

While CENTRAL CONSTRUCTION JOINT STOCK COMPANY shows strong fundamentals, the decline in revenue and profit suggests market challenges or internal pressure. For stakeholders considering engagement—whether in subcontracting, investment, or supply—it is important to assess these risks with reliable data.

VANGUARD BUSINESS INFORMATION LLC (VBI) provides company credit reports, director checks, and risk monitoring tools to help businesses make well-informed decisions in Vietnam’s construction sector. With the high capital intensity and timeline uncertainty in construction, risk management is not optional—it’s essential.

To explore risk analysis and verified company data, visit https://www.vnbis.com, your trusted partner for business intelligence in Vietnam.