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MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED

Active

Business ID 0200611969

84-225 / 3850 024 / 3748 253

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED

Active

Business ID 0200611969

84-225 / 3850 024 / 3748 253

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED

Active

Summary

Name:

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED

Business ID (TIN):

0200611969

Date of Registration:

02 Dec 2004

Registered Office:

Hai Phong City Department of Planning and Investment

Address:

No. 325, Zone 6, Hong An Ward, Hai Phong City, Vietnam

Phone:

84-225 / 3850 024 / 3748 253

Financial Statement:

2020, 2021, 2022, 2023, 2024

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED (CÔNG TY TNHH BÊ TÔNG VÀ XÂY DỰNG MINH ĐỨC)

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED is a long-established player in the concrete manufacturing and foundation-construction sector, operating from Hai Phong with more than 20 years of experience in supplying pre-stressed concrete products and specialized construction services. Its broad operating footprint, including offices in Hanoi and Ho Chi Minh City, positions the company as a familiar name in northern infrastructure development.

Corporate Structure and Legal Standing

The company operates as a privately held limited liability entity under Business ID 0200611969, first registered in 2004. Its head office at Minh Duc Ward, Thuy Nguyen City, underscores its deep local roots in Hai Phong’s construction ecosystem. With nearly 900 employees, MINH DUC demonstrates the scale and workforce of a mature concrete manufacturer, with diversified registered activities that extend well beyond its core business.

Key Personnel and Leadership

Leadership is concentrated around Vu T. T., who serves as Director and holds the majority ownership stake. Supporting roles are held by Nguyen D. T. and Pham T. V. H., indicating a closely managed corporate structure. This concentration of ownership (80 percent held by the Director) suggests strong internal control, but also raises governance questions about succession, risk dispersion, and decision-making bottlenecks — especially relevant for contractors and financiers assessing long-term obligations.

Financial Signals That Deserve Attention

While MINH DUC reports sizeable total assets of USD 89.35 million and annual revenue of USD 95 million in 2023, the financial trajectory shows clear pressure. Sales dropped more than 22 percent, and profit fell nearly 30 percent year-on-year. Assets also contracted by almost 15 percent, reversing the substantial expansion seen in 2022. These indicators point to tightening margins and possible demand slowdowns in key construction segments. For risk managers and lenders, the company’s thin 2023 profitability underscores the need for updated financials, especially in a sector susceptible to steel prices, interest rates, and project payment delays.

A Company Worth Monitoring Closely

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED remains an essential supplier in the northern construction market, but the recent decline in performance raises valid concerns. Stakeholders — from contractors to credit institutions — should review the full VNBIS comprehensive report for the most up-to-date financial data, 2024 updates, ownership verification, litigation checks, and risk-scoring assessments before extending credit or entering long-term construction partnerships.

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Legal Profile

English Name:

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH BÊ TÔNG VÀ XÂY DỰNG MINH ĐỨC

Short Name:

MINH DUC CO.,LTD

Business ID (TIN):

0200611969

Date of Registration:

02 Dec 2004

Registered Office:

Hai Phong City Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ VU T.T

+ NGUYEN D.T

+ PHAM T.V.H

Address:

No. 325, Zone 6, Hong An Ward, Hai Phong City, Vietnam

Phone:

84-225 / 3850 024 / 3748 253

Registration Address:

Quyet Hung Residential Group, Minh Duc Ward, Thuy Nguyen District, Hai Phong City, Vietnam

Representative office:

15th Floor, Diamond Flower Building, No. 01, Hoang Dao Thuy Street, Yen Hoa Ward, Ha Noi City, Vietnam

Branch:

La.0306, 3rd Floor, Block A, Lexington Residence Building, No. 67, Mai Chi Tho Street, An Khanh Ward, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

5012 Sea and coastal freight water transport

NACE:

50.20 Sea and coastal freight water transport

Industry Sales Growth

CAGR (2019 - 2023)

11.32%

YoY (2023)

-1.56%

Companies by industry

Company distribution and propportions

1,469

0.0505%

Key Industry Players

Top 10 companies in sea and coastal freight water transport industry

vietnam maritime corporation viet nam ocean shipping joint stock company petrovietnam transportation corporation hai an transport and stevedoring joint stock company nhat viet transportation corporation petrolimex tanker corporation hoanh son group joint stock company vinhphuoc co.,ltd sao viet petrol transportation company limited viet my petrol transportation company limited

Payment History

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Financial Performance

Assets	-76.01%
Owner’s Equity	-68.20%
Working Capital	70.54%
Net Worth	0.78%
Sales	27.56%
Operating income	-6.74%
EBIT	68.00%
Gross Profit Margin	85.16%
Debt to EBITDA	-39.14%

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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 MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED

When did MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED start operating?

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED was started in 02 Dec 2004

What industry does MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED operate in?

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED is operating in "Sea and coastal freight water transport" industry

How can I contact MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED?

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED phone numbers is 84-225 / 3850 024 / 3748 253

What adverse news is there about MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED?

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED’s has no negative news

What is stock symbol of MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED?

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED is not listed company

Where is the location of MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED?

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED is located at No. 325, Zone 6, Hong An Ward, Hai Phong City, Vietnam

What is MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED’s business registration?

MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED business registration is 0200611969

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MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED

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MINH DUC CONCRETE & CONSTRUCTION COMPANY LIMITED