PHUOC THANH CONSTRUCTION CORPORATION

PHUOC THANH CONSTRUCTION CORPORATION (CÔNG TY CỔ PHẦN XÂY DỰNG PHƯỚC THÀNH) is a long-established Vietnamese construction contractor headquartered in Ho Chi Minh City, with more than two decades of operating history since its establishment in December 2004. As a joint-stock company, the corporation has built a broad footprint across civil and industrial construction, infrastructure works, and technical consultancy, positioning itself as a mid-to-large domestic contractor capable of executing complex projects.

PHUOC THANH CONSTRUCTION CORPORATION maintains a sizable operational scale. As of 2024, total assets stood at approximately USD 96 million, while annual sales reached around USD 84 million, reflecting a relatively stable revenue base despite a cooling construction market. The company employs over 600 staff, indicating strong in-house execution capacity across engineering, project management, and site operations. Its charter capital of roughly USD 22.6 million has been fully paid, underscoring a solid capital foundation for project bidding and execution.

From a financial perspective, the company is in a consolidation phase rather than an expansion phase. Profitability has narrowed sharply compared with earlier peak years, with net profit in 2024 recorded at just over USD 145 thousand. Owner’s equity declined to about USD 28 million, and working capital fell markedly to around USD 6.1 million, signaling tighter liquidity and increasing pressure on cash-flow management. This profile is not uncommon among construction firms facing delayed payments, rising material costs, and intense competition for new contracts.

Led by General Director NGUYEN M. T., PHUOC THANH CONSTRUCTION CORPORATION remains active across multiple business lines, including construction of civil and industrial projects, infrastructure development, real estate-related investments, and power transmission works. While its long operating history and asset base reflect resilience, the recent financial indicators highlight the importance of careful counterparty assessment. For investors, lenders, and project partners, understanding payment cycles, contract quality, and economic sustainability is essential—precisely where in-depth company profiles, financial reports, and risk assessment tools from VNBIS.com provide critical support for decision-making in Vietnam’s construction sector.