FECON CORPORATION

FECON Corporation is one of Vietnam’s leading engineering and infrastructure construction companies, specializing in foundation engineering, underground works, and structural solutions for high rise buildings, industrial facilities, transportation systems, and irrigation projects. Founded in 2004, FECON has grown into a national contractor with strong capabilities in geotechnical engineering and specialized construction services. Supported by a workforce of 1,421 employees, the company manages complex construction packages while expanding into infrastructure investment across transportation, energy, and urban development.

Beyond its core engineering activities, FECON maintains a broad registered business portfolio including electronic component manufacturing, warehousing, IT services, office administrative support, architectural consultancy, and project management services. A particularly notable feature of FECON is its established partnership with Japan’s Raito Kogyo Co., Ltd, a globally recognized leader in geotechnical engineering, underscoring the company’s regional integration and technical advancement within the sector.

Leadership and Shareholders

The company is led by Pham V. K., Chairman, who oversees corporate governance, strategic development, and long term investment orientation.
Operational leadership is managed by Nguyen T. T., General Director, who directs day to day construction delivery, project execution, and operational coordination.
Supporting them is Nguyen Q. B., Deputy General Director, who manages technical operations and internal project oversight.

Ownership is diversified across institutional and foreign investors.
Other shareholders collectively hold 50.03 percent.
Raito Kogyo Co., Ltd of Japan owns 25.51 percent, providing technical collaboration and strategic regional linkage.
HD Capital JSC holds 14.29 percent, while Red One Infrastructure Investment Fund owns 10.16 percent.

Financial Growth and Market Risks

FECON generated USD 118.3 million in revenue during 2023. Although total assets increased more than thirteen percent and revenue declined modestly, profit turned negative due to cost pressures, project delays, and margin reduction across several operating units. Equity declined slightly but remained substantial, reflecting FECON’s established capital base within the construction sector.

The company faces risks common to infrastructure contractors, including fluctuations in construction material prices, delayed project payments, high working capital requirements, and regulatory challenges in large scale infrastructure development. As projects grow more complex, managing subcontractors, ensuring cash flow efficiency, and maintaining financial discipline become increasingly important. Investors seeking a full view of solvency, credit behavior, liquidity strength, and multi year financial trends can access complete insights through the VNBIS Company Comprehensive Report.

Business Intelligence and Risk Outlook

Vietnam’s infrastructure and energy development continues to expand, supported by national investment and rising demand for modern transportation, urban improvement, and renewable energy. FECON is positioned to benefit from these long term opportunities due to its strong technical reputation, international partnerships, and established footprint in geotechnical engineering.

Short term performance will depend on project scheduling, material cost control, and contract execution efficiency. Long term outlook will be shaped by the company’s ability to adapt to evolving construction technologies, strengthen corporate governance, and secure recurring infrastructure projects. The company’s relationship with foreign technical partners provides competitive advantages in bidding for complex foundation packages.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) offers a comprehensive suite of business intelligence services to support investors, contractors, and financial institutions assessing FECON Corporation.

VNBIS services include:

• Company Credit Reports evaluating solvency, liquidity, and overall financial health
• Risk Management Solutions analyzing exposure to construction cycles, material price volatility, and project risk
• Business Verification and Due Diligence Reports confirming ownership structure, governance standards, and regulatory compliance

For clients requiring up to date financial statements, verified corporate information, and newly investigated insights, the VNBIS Company Comprehensive Report provides the most complete and authoritative assessment available. VNBIS supports transparent, informed, and data driven business decisions.