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HOA BINH CONSTRUCTION GROUP JOINT STOCK COMPANY

Active

Business ID 0302158498

+84 911883976

HOA BINH CONSTRUCTION GROUP JOINT STOCK COMPANY

Active

Business ID 0302158498

+84 911883976

HOA BINH CONSTRUCTION GROUP JOINT STOCK COMPANY

Active

Summary

Name:

HOA BINH CONSTRUCTION GROUP JOINT STOCK COMPANY

Business ID (TIN):

0302158498

Date of Registration:

01 Dec 2000

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

HBC

Address:

Pax Sky Building, No. 123, Nguyen Dinh Chieu Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

Phone:

+84 911883976

Financial Statement:

2020, 2021, 2022, 2023, 2024

HOA BINH CONSTRUCTION GROUP JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN TẬP ĐOÀN XÂY DỰNG HÒA BÌNH), business registration number 0302158498, was once celebrated as a cornerstone of Vietnam’s modern construction boom. With over 24 years of experience since its establishment on December 1, 2000, the company, listed on UpCOM under the stock symbol HBC, gained a reputation for handling some of the country’s largest and most prestigious infrastructure and commercial projects.

Headquartered at Pax Sky Building in District 3, Ho Chi Minh City, and with regional offices in Hanoi and Da Nang, the group operates across a wide range of construction sectors—from high-rise buildings and industrial complexes to commercial centers and hospitality developments. With over 1,500 employees, and a rich portfolio in both private and public infrastructure, HBC was once an undisputed leader in Vietnam’s civil engineering landscape.

However, the company’s most recent financial disclosures reveal a story of sharp decline and mounting concern. In 2023, total sales fell by nearly 47%, from USD 581.28 million to USD 309.65 million. This drastic drop was accompanied by a continued net loss of USD 45.82 million, though it was an improvement over the catastrophic USD 107 million loss the previous year. More alarming is the collapse in owner’s equity, plunging from USD 48.94 million in 2022 to just USD 3.84 million in 2023, a decline of over 92%. The firm’s net worth now stands at only USD 1.06 million—an astonishing low for a once-mighty public corporation.

Total assets also shrank by 16.73% to USD 626.51 million, while working capital turned negative at USD -10.43 million, suggesting a liquidity crunch that raises questions about the company’s ability to meet short-term obligations. These figures, when taken together, paint a picture of a firm teetering on the edge of financial distress, despite still being operational and actively bidding for contracts.

Under the leadership of Chairman Le Viet Hai and General Director Le Van Nam, HBC remains publicly held. Its shareholder base includes Hyundai Elevator Co., Ltd. (South Korea) with 8.08%, and Mr. Hai himself with 13.53%. However, over 78% of the shares are in the hands of dispersed "other shareholders," making coordinated strategic recovery efforts more complex.

In light of this situation, business partners, investors, and government agencies considering collaboration with HBC must proceed with caution. As emphasized by VANGUARD BUSINESS INFORMATION LLC (VBI)—a trusted provider of company verification, financial intelligence, and credit risk analysis—this case illustrates the urgent need for transparent due diligence before entering into any contractual or financial commitments.

VBI's services help stakeholders not only identify red flags like shrinking equity and negative working capital, but also provide deeper insights into ownership structures, management accountability, and historical performance. For publicly listed companies like HBC, where reputation can outpace financial reality, VBI ensures clients see the full picture.

In conclusion, HOA BINH CONSTRUCTION GROUP JOINT STOCK COMPANY remains a symbol of past excellence and ambitious expansion, but also stands today as a sobering reminder of how quickly financial mismanagement or market overexposure can erode even the strongest brands. The road to recovery is still open—but it will require transparency, restructuring, and trust-building, backed by credible data and rigorous financial governance.

Legal Profile

English Name:

HOA BINH CONSTRUCTION GROUP JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN TẬP ĐOÀN XÂY DỰNG HÒA BÌNH

Short Name:

HBCG

Business ID (TIN):

0302158498

Date of Registration:

01 Dec 2000

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

HBC

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ LE V.H

+ LE V.N

+ NGUYEN K.H

+ LE V.H

+ DINH V.T

+ NGUYEN K.L

+ HUYNH T.Q

+ LE T.T.T

+ NGUYEN T.L

Address:

Pax Sky Building, No. 123, Nguyen Dinh Chieu Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

Phone:

+84 911883976

Representative office:

10th Floor, ACB Building, No. 218, Bach Dang Street, Phuoc Ninh Ward, Hai Chau District, Da Nang City, Vietnam

Representative office:

20th Floor, Peakview Building, No. 36, Hoang Cau Street, O Cho Dua Ward, Dong Da District, Ha Noi City, Vietnam

Registration Address:

No. 235, Vo Thi Sau Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

4330 Building completion and finishing

NACE:

43.3 Building completion and finishing

NAICS:

2383 Building Finishing Contractors

Industry Sales Growth

CAGR (2019 - 2023)

-1.75%

YoY (2023)

-11.20%

Companies by industry

Company distribution and propportions

10,341

0.3557%

Key Industry Players

Top 10 companies in building completion and finishing industry

cag facade joint stock company viet nhat construction and interior decoration joint stock company (translated name) long son real estate company limited a.r.t investment company limited kukbo vina co., ltd token viet nam engineering & construction joint stock company nam long technology and services company limited (translated name) manh dat trade investment and services company limited (translated name) hoang nguyen trading commercial and services company limited (translated name) buu long investment company limited

Payment History

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Financial Performance

Assets	-50.13%
Owner’s Equity	-34.91%
Working Capital	-45.83%
Net Worth	43.55%
Sales	-3.65%
Operating income	-28.94%
EBIT	-22.62%
Gross Profit Margin	-55.77%
Debt to EBITDA	79.54%

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Tangible Net Worth

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Subsidiary and Affiliated Company

Management and Directors

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Negative Payment Records

Banking Information

Litigation Records; Negative News

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Profit and Loss Statement

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Opinion from Analysts

Specific Questions About HOA BINH CONSTRUCTION GROUP JOINT STOCK COMPANY

When did HOA BINH CONSTRUCTION GROUP JSC start operating?

HOA BINH CONSTRUCTION GROUP JSC was started in 01 Dec 2000

What industry does HOA BINH CONSTRUCTION GROUP JSC operate in?

HOA BINH CONSTRUCTION GROUP JSC is operating in "Building completion and finishing" industry

How can I contact HOA BINH CONSTRUCTION GROUP JSC?

HOA BINH CONSTRUCTION GROUP JSC phone numbers is +84 911883976

What adverse news is there about HOA BINH CONSTRUCTION GROUP JSC?

HOA BINH CONSTRUCTION GROUP JSC’s has 21 bad news

What is stock symbol of HOA BINH CONSTRUCTION GROUP JSC?

HOA BINH CONSTRUCTION GROUP JSC’s stock symbol is HBC

Where is the location of HOA BINH CONSTRUCTION GROUP JSC?

HOA BINH CONSTRUCTION GROUP JSC is located at Pax Sky Building, No. 123, Nguyen Dinh Chieu Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

What is HOA BINH CONSTRUCTION GROUP JSC’s business registration?

HOA BINH CONSTRUCTION GROUP JSC business registration is 0302158498

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