THANH AN 96 INSTALLATION AND CONSTRUCTION JOINT STOCK COMPANY

Located at No. 2, Nguyen Van Troi Street, Binh Thuan Ward, Hai Chau District, Da Nang City, Vietnam, THANH AN 96 INSTALLATION AND CONSTRUCTION JOINT STOCK COMPANY stands as a prominent enterprise in Vietnam's construction sector. With over 17 years of operational history since its registration on January 9, 2008, the company has become a sizable and dynamic construction force with nationwide reach.

Legal Identity and Governance

Operating under Business ID 0400100545 and listed on the Hanoi Stock Exchange (HNX) under  TA9, THANH AN 96 is a publicly held joint stock company with a charter and paid-up capital of USD 5.1 million. The company is chaired by Mr. Phan Xuan Bang, with Mr. Dang Dinh Khiem serving as Deputy Chairman cum Director, and Ms. Trinh Thi Thu Huong as Deputy Director. The enterprise employs approximately 3,360 people, with a robust operational capacity across its branches.

Financial Overview and Growth

The company's recent financial performance reflects strong and consistent growth:

Despite the downward movement in working capital in 2023, THANH AN 96 significantly expanded its asset base and profitability, showing strong upward momentum in a competitive market.

Shareholding Structure

The controlling interest of 51% is held by Thanh An One Member Limited Liability Corporation, headquartered in Hanoi. Additional shares are distributed among other shareholders (43.06%) and Vo Cuu Long (5.94%), making it a broadly capitalized structure with strategic state and private investment.

Main Business Activities

While its core specialization is the construction of residential buildings, THANH AN 96 operates across a diverse portfolio of infrastructure projects, including:

• Civil, electrical, and hydraulic works

• Telecommunication and communication structures

• Mining, quarrying, and support operations

• Concrete and cement manufacturing

• Plumbing, HVAC, and land transportation services

• Sale of small vehicles and related services

Its widespread presence is evident in various operational branches in Quang Tri, Hanoi, and Da Nang, enhancing its regional execution capabilities.

Strategic Position and Outlook

With over USD 116 million in sales and an expanding asset base, THANH AN 96 is positioning itself as a significant contributor to Vietnam’s infrastructure growth. However, the decline in working capital raises questions about liquidity management amidst expansion—a factor investors and stakeholders should monitor closely. Continued profit growth and capital stability underscore the company’s operational soundness, but balancing liquidity with project scale remains a key challenge.

In summary, THANH AN 96 demonstrates strong financial fundamentals and diversified operations, making it a noteworthy player in Vietnam’s construction sector. Its ability to sustain profitability and scale its operations across multiple infrastructure domains gives it a strategic edge, provided it maintains prudent financial discipline in the coming years