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NEWTECONS INVESTMENT CONSTRUCTION JOINT STOCK COMPANY

Active

Business ID 0303103212

84-28 / 3514 6699

NEWTECONS INVESTMENT CONSTRUCTION JOINT STOCK COMPANY

Active

Business ID 0303103212

84-28 / 3514 6699

NEWTECONS INVESTMENT CONSTRUCTION JOINT STOCK COMPANY

Active

Summary

Name:

NEWTECONS INVESTMENT CONSTRUCTION JOINT STOCK COMPANY

Business ID (TIN):

0303103212

Date of Registration:

23 Oct 2003

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Address:

Newtecons Tower, No. 96, Phan Dang Luu Street, Ward 5, Phu Nhuan District, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3514 6699

Financial Statement:

2020, 2021, 2022, 2023, 2024

NEWTECONS INVESTMENT CONSTRUCTION JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN ĐẦU TƯ XÂY DỰNG NEWTECONS): Ambitious Growth in Vietnam’s Competitive Construction Sector

NEWTECONS INVESTMENT CONSTRUCTION JOINT STOCK COMPANY, widely known as NEWTECONS, is one of Vietnam’s fast-rising private general contractors, specializing in large-scale real estate and infrastructure construction. Registered under Business ID and Tax Code 0303103212, the company was established in 2003 and is headquartered in Newtecons Tower, Phan Đăng Lưu Street, Phu Nhuan District, Ho Chi Minh City. After two decades in operation, NEWTECONS now ranks among the country’s most prominent design-and-build contractors, serving both private and institutional developers.

Financials: Stable Sales, But Sharp Profit Decline

In 2023, NEWTECONS recorded total revenue of USD 471.67 million, showing modest year-over-year growth of nearly 3%, following a doubling of revenue in 2022. Over a two-year period, the company’s top line has grown by more than 110%, underscoring its role in delivering some of Vietnam’s most significant property and infrastructure projects.

However, net profit fell sharply to USD 4.61 million, a 58.58% drop from the previous year, raising questions about project margins, rising costs, or investment cycles. Even with a substantial working capital of USD 28.96 million and owner’s equity of USD 51.07 million, the contraction in earnings is a notable shift from the prior year’s strong financial performance.

At the same time, total assets grew steadily to USD 242.9 million, up 6.27%, indicating the company continues to expand in physical and project-based capacity, even as net returns temporarily recede.

Leadership and Ownership

The company is led by Chairman Nguyen Ba Duong, with Vo Thanh Liem serving as General Director. Under their leadership, NEWTECONS has grown its workforce to approximately 850 people, with operations in Ho Chi Minh City, Long An Province, and a representative office in Hanoi—giving the company full north-to-south reach across Vietnam.

NEWTECONS is privately held, with shareholding distributed among Vietnamese individuals with construction and management backgrounds. This centralized ownership supports a focused leadership model but requires consistent risk monitoring to ensure governance and capital discipline as the company grows.

Capabilities and Operational Scope

NEWTECONS is known primarily for its core business: designing and constructing residential and commercial buildings. However, the company is also registered for a wide range of industrial activities, including the production of concrete, steel, lime, and clay-based materials, as well as metal treatment, equipment repair, industrial installation, and wastewater management.

Such vertical integration enhances its control over the construction process and allows it to capture additional value across the supply chain. These capabilities also provide insulation during periods of market volatility, although they require significant capital to maintain.

Risk Perspective and the Importance of Business Intelligence

While NEWTECONS’s asset and revenue growth reflect strategic success, the sharp decline in profitability should not be overlooked. For partners, investors, and suppliers considering long-term engagements, financial visibility is key. As a contractor operating on large-ticket projects, the company’s liquidity, debt obligations, and project pipeline stability must be closely monitored.

To reduce uncertainty, third-party platforms like Vanguard Business Information (VBI) provide comprehensive Risk Management and Business Verification Services. These tools help stakeholders assess creditworthiness, operational risk, and financial sustainability—essential for a company navigating multiple projects and managing complex procurement and construction timelines.

Conclusion

NEWTECONS INVESTMENT CONSTRUCTION JOINT STOCK COMPANY has proven its strength in scaling up operations and securing major projects across Vietnam. While its balance sheet remains strong and sales are growing, profitability headwinds highlight the importance of agile financial management and performance monitoring. As Vietnam’s construction industry continues to evolve, companies like NEWTECONS will need to strike the right balance between expansion and earnings—a journey that can be closely followed and validated through objective business intelligence services like those offered by VBI.

Legal Profile

English Name:

NEWTECONS INVESTMENT CONSTRUCTION JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN ĐẦU TƯ XÂY DỰNG NEWTECONS

Short Name:

NEWTECONS

Business ID (TIN):

0303103212

Date of Registration:

23 Oct 2003

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN B.D

+ VO T.L

Address:

Newtecons Tower, No. 96, Phan Dang Luu Street, Ward 5, Phu Nhuan District, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3514 6699

Branch:

No. G24, Hai Son Industrial Park, Binh Tien 2 Hamlet, Duc Hoa Commune, Tay Ninh Province, Vietnam

Representative office:

Suite LKC29, Low-rise Housing Area A1TT1, Embassy Garden Urban Area, Hoang Minh Thao Street, Nghia Do Ward, Ha Noi City, Vietnam

Business Sector

Key business lines:

VSIC:

4101 Construction of residential buildings

Industry Sales Growth

CAGR (2019 - 2023)

-2.12%

YoY (2023)

-10.69%

Companies by industry

Company distribution and propportions

61,002

2.0983%

Key Industry Players

Top 10 companies in construction of residential buildings industry

coteccons construction joint stock company ricons construction investment joint stock company (translated name) son hai group company limited thanh an 96 installation and construction joint stock company newtecons investment construction joint stock company trung nam construction and engineering corporation tung feng construction engineering (vietnam) co., ltd thai son investment construction corporation. central construction joint stock company vincons construction development and investment joint stock company

Payment History

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Financial Performance

Assets	-89.40%
Owner’s Equity	-24.90%
Working Capital	-40.06%
Net Worth	-3.71%
Sales	31.24%
Operating income	-20.42%
EBIT	-87.51%
Gross Profit Margin	-41.95%
Debt to EBITDA	88.30%

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Specific Questions About NEWTECONS INVESTMENT CONSTRUCTION JOINT STOCK COMPANY

When did NEWTECONS INVESTMENT CONSTRUCTION JSC start operating?

NEWTECONS INVESTMENT CONSTRUCTION JSC was started in 23 Oct 2003

What industry does NEWTECONS INVESTMENT CONSTRUCTION JSC operate in?

NEWTECONS INVESTMENT CONSTRUCTION JSC is operating in "Construction of residential buildings" industry

How can I contact NEWTECONS INVESTMENT CONSTRUCTION JSC?

NEWTECONS INVESTMENT CONSTRUCTION JSC phone numbers is 84-28 / 3514 6699

What adverse news is there about NEWTECONS INVESTMENT CONSTRUCTION JSC?

NEWTECONS INVESTMENT CONSTRUCTION JSC’s has no negative news

What is stock symbol of NEWTECONS INVESTMENT CONSTRUCTION JSC?

NEWTECONS INVESTMENT CONSTRUCTION JSC is not listed company

Where is the location of NEWTECONS INVESTMENT CONSTRUCTION JSC?

NEWTECONS INVESTMENT CONSTRUCTION JSC is located at Newtecons Tower, No. 96, Phan Dang Luu Street, Ward 5, Phu Nhuan District, Ho Chi Minh City, Vietnam

What is NEWTECONS INVESTMENT CONSTRUCTION JSC’s business registration?

NEWTECONS INVESTMENT CONSTRUCTION JSC business registration is 0303103212

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NEWTECONS INVESTMENT CONSTRUCTION JOINT STOCK COMPANY

NEWTECONS INVESTMENT CONSTRUCTION JOINT STOCK COMPANY

NEWTECONS INVESTMENT CONSTRUCTION JOINT STOCK COMPANY

NEWTECONS INVESTMENT CONSTRUCTION JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN ĐẦU TƯ XÂY DỰNG NEWTECONS): Ambitious Growth in Vietnam’s Competitive Construction Sector