DAI PHONG JOINT STOCK COMPANY

DAI PHONG JOINT STOCK COMPANY
Vietnamese name: CÔNG TY CỔ PHẦN XÂY DỰNG HẠ TẦNG ĐẠI PHONG
Tax Code: 0600333201
Address: National Road 38B, Yen Duong Industrial Clusters, Yen Duong Commune, Y Yen District, Nam Dinh Province, Vietnam

DAI PHONG JOINT STOCK COMPANY is a private joint stock enterprise with more than 21 years of experience in the infrastructure and civil engineering sector. Registered in Nam Dinh Province since January 2004, the company specializes in constructing traffic, irrigation, utility, and hydraulic infrastructure. It also holds permits for diverse activities including mining, electricity transmission, waterworks, and manufacturing of construction-related materials—highlighting its ambition to operate as a vertically integrated contractor.

The company is led by Mr. Tran Q. D., who concurrently serves as Chairman and Director and holds a dominant 60.93% ownership. Other shareholders include Mr. Tran V. N. (1.71%) and Mr. Tran V. V. (1.64%), while the remaining 35.72% is dispersed among various unnamed individuals. The family-centric ownership structure suggests strong internal control but may raise concerns over independent governance and decision-making transparency.

Financially, DAI PHONG has demonstrated consistent expansion. In 2023, total assets reached USD 149.85 million, reflecting a 12.19% growth from the previous year. Revenue grew significantly to USD 110.9 million, up 21.09% year-on-year, and net profit improved to USD 297,907, an increase of 41.69%. Though margins remain thin, the upward trend in profitability indicates a positive trajectory. The company’s working capital base of USD 68.34 million suggests ample liquidity to support ongoing construction contracts and potential new projects.

With a paid-up charter capital of USD 28.76 million and 800 employees, the company operates with substantial capacity. Its registered offices in Binh Duong and Hanoi support a geographically diverse operation, positioning DAI PHONG well for national-scale projects. However, clients should be mindful of the wide range of business lines the company is engaged in—extending from civil construction to agriculture and power generation—which could dilute strategic focus or introduce operational risks if not tightly managed.

Given its expanding financial base and strong project execution record, DAI PHONG presents as a reliable infrastructure partner. Nonetheless, stakeholders are advised to conduct a full due diligence process, preferably by acquiring a VNBIS financial report, to examine credit risk, project performance history, and cash flow stability before committing to high-value collaborations.