CONSTRUCTION CORPORATION NO 1 JOINT STOCK COMPANY

CONSTRUCTION CORPORATION NO 1 JOINT STOCK COMPANY (TỔNG CÔNG TY XÂY DỰNG SỐ 1 - CTCP), commonly known as CC1, is one of Vietnam’s largest publicly held infrastructure and construction firms. Registered under business ID and tax code 0301429113, the company was officially established on July 29, 2010, with the Ho Chi Minh City Department of Planning and Investment. Its head office is located at No. 111A Pasteur Street, Ben Nghe Ward, District 1, Ho Chi Minh City, and it operates a broad national footprint with active branches in Hanoi, Da Nang, and Dong Thap. With more than 14 years of formal operations under its current structure, CC1 has established itself as a prominent player in Vietnam’s construction and real estate development sectors.

The company operates with a paid-up charter capital of USD 147.29 million and is listed on UPCoM (Unlisted Public Company Market) under the stock symbol CC1. As of December 31, 2024, it employed 1,135 staff members. The firm’s shareholder structure is widely dispersed, with 78.98% held by other investors, 11.02% by Mr. Nguyen Van Huan, and 10% by CC1 – Holdings Joint Stock Company, indicating a diversified ownership base while remaining predominantly Vietnamese-controlled.

CC1’s core business activities span general contracting for civil, industrial, and transport infrastructure projects. In addition to its traditional strengths in construction, the company is also engaged in real estate investment, energy infrastructure, and the production and trade of construction materials. The firm has also registered a wide range of auxiliary commercial activities including machinery installation, manufacturing of vehicle parts, and beverage production, although these are likely secondary to its main construction-related operations.

In terms of financial performance, CC1 demonstrated robust growth in 2024. Total assets increased to USD 687.24 million, up 11.89% from the previous year. Owner’s equity also grew steadily to USD 187.52 million, reflecting a 7.46% annual rise. The company saw a sharp surge in total sales, rising 81.07% to reach USD 417.42 million, a substantial recovery from the decline experienced in 2023. Net profit in 2024 rose modestly by 4.11% year-over-year to USD 9.43 million, indicating a return to revenue expansion while maintaining positive, albeit moderate, profitability margins. Net worth also rose to USD 185.74 million, and working capital stood at a healthy USD 82.66 million, supporting the company’s short-term liquidity and financial stability.

The sales recovery in 2024 follows a difficult 2023, during which revenue had dropped by nearly 13%. The bounce-back indicates successful project acquisition and execution, possibly driven by government infrastructure spending, real estate recovery, or strategic project investments across multiple regions.

Under the leadership of Chairman Mr. Phan Huu Duy Quoc and General Director Mr. Le Bao Anh, CC1 continues to leverage its institutional expertise and broad project portfolio to maintain a leading position in Vietnam’s infrastructure development. Its long-standing history, sizable capital base, and extensive scope of operations make it a vital contributor to national construction, particularly in large-scale projects involving energy, transportation, and public infrastructure.

As Vietnam continues to invest in modernization and urban development, CONSTRUCTION CORPORATION NO 1 JOINT STOCK COMPANY is well-positioned to remain a pivotal player in meeting the country’s demand for quality infrastructure, while also delivering value to its shareholders through sustainable growth and project diversification.