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IDICO CORPORATION - JSC

Active

Business ID 0302177966

84-28 / 3843 8883

IDICO CORPORATION - JSC

Active

Business ID 0302177966

84-28 / 3843 8883

IDICO CORPORATION - JSC

Active

Summary

Name:

IDICO CORPORATION - JSC

Business ID (TIN):

0302177966

Date of Registration:

30 Jun 2010

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

IDC

Address:

No. 151A, Nguyen Dinh Chieu Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3843 8883

Financial Statement:

2020, 2021, 2022, 2023, 2024

IDICO CORPORATION - JSC (TỔNG CÔNG TY IDICO - CTCP) is a publicly held joint stock company operating in Vietnam’s industrial and property development sectors. Established on June 30, 2010, and legally registered with the Ho Chi Minh City Department of Planning and Investment under Business Registration Number 0302177966, IDICO has maintained a broad portfolio that includes industrial real estate, electricity production, and the development of both residential and commercial properties. The company is listed on the HNX stock exchange under the symbol IDC.

Headquartered at No. 151A, Nguyen Dinh Chieu Street, District 3, Ho Chi Minh City, IDICO operates with more than 1,100 employees and maintains multiple offices and branches across Hanoi, Quang Nam, and Ho Chi Minh City. Its legal capital, as of March 31, 2024, stands at USD 135.57 million, fully paid up. Chairwoman Nguyen Thi Nhu Mai leads the company, with Dang Chinh Trung serving as General Director and Nguyen Hong Hai as Deputy General Director.

Financially, IDICO CORPORATION - JSC reported total assets of USD 728.01 million in 2023, marking a 4.16% increase from the previous year. Owner’s equity rose modestly by 1.26% to USD 254.92 million. The company’s total revenue decreased slightly to USD 297.32 million, a 3.32% drop from 2022, while net profit fell more sharply by 19.4% to USD 68.04 million. These figures suggest a period of stabilization following a strong growth year in 2022, where profits had surged 255% year-over-year. Working capital in 2023 was USD 83.46 million, indicating sufficient liquidity despite the earnings decline.

IDICO’s business activities include the development of industrial parks, provision of infrastructure services, real estate transactions involving land use rights, warehousing, energy projects, and construction of civil and electrical works. The company also engages in fuel wholesale, technical consultancy, and manufacturing services. While diverse, this broad activity scope also introduces complexity and operational risks, especially amid tightening regulatory oversight and changing market demand in Vietnam’s industrial and energy sectors.

The shareholder structure as of Q1/2024 reveals that 65.57% of shares are held by unspecified parties, while two notable domestic entities—SSG Group Joint Stock Company and Bach Viet Manufacturing and Trading Co., Ltd.—hold 22.5% and 11.93% respectively. The absence of foreign shareholders in the top structure may reflect strategic focus on domestic capital markets or limited international appeal in current form.

In light of declining profit and slowing revenue, IDICO CORPORATION - JSC faces the typical pressures of large-scale infrastructure firms—balancing capital investment with returns, managing diverse subsidiaries, and sustaining transparency in governance. For financial institutions, contractors, and foreign investors evaluating IDICO as a partner or target, detailed due diligence becomes essential. Business verification and credit risk assessments offered by entities like VANGUARD BUSINESS INFORMATION LLC (VBI) help clarify the operational integrity and financial posture of such complex organizations.

VBI’s risk management services provide a structured view of companies like IDICO—cutting through consolidated financials to uncover trends, flag governance inconsistencies, and track capital movements. In a sector where long-term infrastructure contracts often mask near-term liabilities or project delays, accurate and independent business intelligence remains vital. For IDICO CORPORATION - JSC (TỔNG CÔNG TY IDICO - CTCP), transparency will be as crucial as capital in sustaining credibility in Vietnam’s infrastructure and real estate economy.

Legal Profile

English Name:

IDICO CORPORATION - JSC

Vietnamese Name:

TỔNG CÔNG TY IDICO - CTCP

Short Name:

IDICO

Business ID (TIN):

0302177966

Date of Registration:

30 Jun 2010

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

IDC

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN T.N.M

+ DANG C.T

+ NGUYEN V.M

+ PHAN V.C

+ NGUYEN V.T

+ NGUYEN H.H

+ TRAN T.N

Address:

No. 151A, Nguyen Dinh Chieu Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3843 8883

Branch:

13th Floor, Sudico Building, Me Tri Street, My Dinh 1 Ward, South Tu Liem District, Ha Noi City, Vietnam

Branch:

No. 133, Pham Van Dong Street, Kham Duc Town, Phuoc Son District, Quang Nam Province, Vietnam

Representative office:

32nd Floor, Pearl Plaza Building, No. 561A, Dien Bien Phu Street, Ward 25, Binh Thanh District, Ho Chi Minh City, Vietnam

Other:

Hamlet 7, Long Binh Commune, Phuoc Long Town, Binh Phuoc Province, Vietnam

Business Sector

Key business lines:

VSIC:

5022 Inland freight water transport

NACE:

50.40 Inland freight water transport

NAICS:

483211 Inland Water Freight Transportation

Industry Sales Growth

CAGR (2019 - 2023)

4.75%

YoY (2023)

-12.70%

Companies by industry

Company distribution and propportions

2,562

0.0881%

Key Industry Players

Top 10 companies in inland freight water transport industry

vinacomin - transport and coal trading joint stock company vinacomin waterway transport joint stock company vu dinh ninh binh co.,ltd xuan thuy joint stock investment and development company viet thuan transport company limited hai nam company limited thong nhat producing and trading co., ltd all marine company limited thinh an industry and trading joint stock company hai duong xnk joint stock company

Payment History

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Financial Performance

Assets	65.07%
Owner’s Equity	96.47%
Working Capital	-85.38%
Net Worth	-21.06%
Sales	-43.58%
Operating income	39.47%
EBIT	-56.30%
Gross Profit Margin	-88.49%
Debt to EBITDA	19.43%

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Specific Questions About IDICO CORPORATION - JSC

When did IDICO CORPORATION - JSC start operating?

IDICO CORPORATION - JSC was started in 30 Jun 2010

What industry does IDICO CORPORATION - JSC operate in?

IDICO CORPORATION - JSC is operating in "Inland freight water transport" industry

How can I contact IDICO CORPORATION - JSC?

IDICO CORPORATION - JSC phone numbers is 84-28 / 3843 8883

What adverse news is there about IDICO CORPORATION - JSC?

IDICO CORPORATION - JSC’s has 56 bad news

What is stock symbol of IDICO CORPORATION - JSC?

IDICO CORPORATION - JSC’s stock symbol is IDC

Where is the location of IDICO CORPORATION - JSC?

IDICO CORPORATION - JSC is located at No. 151A, Nguyen Dinh Chieu Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

What is IDICO CORPORATION - JSC’s business registration?

IDICO CORPORATION - JSC business registration is 0302177966

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