CUONG THINH THI GROUP

Cuong Thinh Thi Group is a privately held Vietnamese construction enterprise specializing in civil engineering, traffic infrastructure, and irrigation works. Founded in 2004, the company has developed into one of the key construction contractors in Ninh Binh Province and maintains additional operational presence in Ha Noi to support project deployment. With a workforce of 5,538 employees, the company executes large scale construction and installation projects while also engaging in property trading, plumbing, heat installation, and service activities related to water transport.

Over more than twenty years of operation, the company has expanded its asset base consistently, supported by recurring participation in regional infrastructure developments. A particularly notable characteristic of Cuong Thinh Thi Group is the scale of its workforce relative to its registered projects, indicating long term access to labor capacity and the ability to deploy multiple construction sites simultaneously.

Leadership and Shareholders

The company is led by Tran Q. T., General Director and Legal Representative, who directs project execution, financial oversight, and operational strategy. His role includes managing relationships with provincial authorities, coordinating construction activities, and ensuring compliance across the company’s diverse business lines.

The shareholder structure includes one corporate investor and two individual owners.
Duc An Construction Investment Company Limited is a principal shareholder and provides strategic alignment with related construction activities.
Individual shareholders Dinh V. P. and Vu T. T. hold remaining positions within the ownership structure.

Financial Growth and Market Risks

Cuong Thinh Thi Group generated USD 77.91 million in revenue in 2023. While assets continued to grow, both profit and equity experienced slight year over year declines as construction margins tightened and project costs increased. Working capital remained positive but modest relative to operational scale.

The company operates within a sector highly sensitive to project payment schedules, material cost fluctuations, regulatory approvals, and capital intensity. Reported public concerns and past disputes related to project timeliness and administrative processes illustrate reputational exposure, an important consideration for stakeholders evaluating long term reliability. Investors and partners who require a detailed assessment of liquidity, credit behavior, and multi year financial trends will find such insights in the VNBIS Company Comprehensive Report.

Business Intelligence and Risk Outlook

Vietnam’s civil engineering and construction sector continues to expand as infrastructure investment remains a national priority. Cuong Thinh Thi Group benefits from a longstanding presence in provincial construction and a scale large enough to support complex projects. In the near term, performance will depend on cost management, contract execution efficiency, and timely payment cycles. Over the long term, competitiveness will be shaped by the company’s ability to navigate regulatory scrutiny, strengthen financial stability, and secure recurring project pipelines across multiple regions.

Its extensive labor force and operational footprint position the company to capture opportunities in transport projects, irrigation systems, and urban infrastructure. A detailed strategic evaluation is available through VNBIS advanced intelligence products for stakeholders seeking clarity on operational resilience and risk exposure.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a complete suite of business intelligence solutions to support investors, contractors, and financial institutions evaluating Cuong Thinh Thi Group.

VNBIS services include:

• Company Credit Reports assessing solvency, liquidity, and overall financial health
• Risk Management Solutions analyzing exposure to construction cycles, payment delays, and contract risks
• Business Verification and Due Diligence Reports confirming ownership structure, compliance status, and governance practices

For clients requiring up to date financial data, verified company information, and newly investigated insights, the VNBIS Company Comprehensive Report offers the most complete and authoritative assessment. VNBIS enables transparent, secure, and data driven business decisions.