SOL E&C INVESTMENT CONSTRUCTION JOINT STOCK COMPANY

SOL E&C INVESTMENT CONSTRUCTION JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN ĐẦU TƯ XÂY DỰNG SOL E&C) is a prominent Vietnamese construction contractor with a growing reputation for delivering large-scale projects across Vietnam. With over nine years in operation, SOL E&C has evolved into a trusted name in civil engineering and infrastructure development.

Legal Status and Corporate Identity

SOL E&C is a joint stock company registered under Business ID and Tax Code: 0313541575, with its head office at No. 96, Phan Dang Luu Street, Ward 05, Phu Nhuan District, Ho Chi Minh City, Vietnam. The company is privately held and was officially incorporated on November 19, 2015, with its registration managed by the Ho Chi Minh City Department of Planning and Investment.

SOL E&C operates branches in Dong Nai (Nhon Trach Textile and Garment Industrial Park) and maintains a representative office in Hanoi at the Embassy Garden Urban Area, reflecting its strategic geographical reach.

Executive Leadership

At the helm of SOL E&C is Mr. Ngo Thanh Phong, who serves as Chairman and holds an 11.48% ownership stake. The executive team includes Mr. Le Chi Trung as General Director and Mr. Nguyen Ba Duong, a key figure in the company’s strategic planning. Together, they lead a workforce of 550 employees, fostering a balance between technical expertise and executional discipline.

Business Activities

SOL E&C functions as a general construction contractor providing end-to-end solutions, including design, construction, and MEP services (Mechanical, Electrical, and Plumbing). Its core business line is building houses not to stay, a segment that encompasses high-rise buildings, commercial complexes, and urban infrastructure.

In addition to construction services, the company is registered to engage in the manufacture of concrete, metal products, structural steel, wastewater treatment, machinery repair, and materials recovery—positioning itself as an integrated player in Vietnam’s infrastructure supply chain.

Financial Performance and Growth Trajectory

As of the fiscal year ending December 31, 2023, SOL E&C recorded:

• Total assets of USD 99.95 million

• Total sales of USD 172.11 million

• Net profit of USD 2.15 million

• Owner’s equity of USD 19.43 million

• Working capital of USD 9.17 million

Despite a slight decline in sales and profit compared to 2022, SOL E&C maintained strong equity growth, up 12.42%, and demonstrated a steady balance sheet expansion of 36.37% in total assets. This performance illustrates operational efficiency and strategic capital management during a challenging year for the construction sector.

Shareholding Structure

SOL E&C has a well-diversified shareholder base. The largest shareholders—Nguyen Quang Thuy, Huynh Nhat Minh Chau, and Nguyen Minh Quan—each hold 24.59% of shares. Chairman Ngo Thanh Phong and investor Tran Van Tien each hold 11.48%, with remaining shares owned by other minority stakeholders.

Due Diligence and Risk Assessment

For businesses, contractors, or investors looking to collaborate with SOL E&C, conducting a full company verification is essential. VANGUARD BUSINESS INFORMATION LLC (VBI) provides comprehensive services such as:

• Business Verification Services

• Vietnam Company Reports

• Private Financial Data Reviews

• Litigation Checks

• Risk Management Services

These services ensure that partners have access to accurate, up-to-date data before making strategic decisions or entering into contractual engagements.

Conclusion

SOL E&C INVESTMENT CONSTRUCTION JOINT STOCK COMPANY is a resilient and fast-expanding player in Vietnam’s construction industry. With solid leadership, diversified services, and strong financial footing, the company is well-positioned to support Vietnam’s rapid urbanization and infrastructure goals. For clients, investors, and industry stakeholders, SOL E&C represents both opportunity and value—but as always, due diligence is the first step toward building confidence and minimizing risk.

For more verified company insights, visit VANGUARD BUSINESS INFORMATION LLC (VBI) and request a detailed company report.