DELTA CONSTRUCTION GROUP COMPANY LIMITED

DELTA CONSTRUCTION GROUP COMPANY LIMITED (CÔNG TY TNHH TẬP ĐOÀN XÂY DỰNG DELTA)is a well-known and long-established name in Vietnam’s construction industry, particularly in the northern region. Founded in 1993, the company has over 32 years of operational experience and a strong reputation for delivering large-scale civil, commercial, and engineering projects. While many people in Vietnam recognize the Delta brand, the company’s financial health has remained less visible to the public—until now.

Registered under tax code 0100512717, Delta Construction Group is headquartered at No. 81, Lac Trung Street, Vinh Tuy Ward, Hai Ba Trung District, Ha Noi City, Vietnam. The business is privately held and controlled predominantly by Mr. Tran Nhat Thanh, who owns more than 88% of the company and also serves as Chairman. General Director Mr. Tran Thanh Vinh and a small group of Vietnamese shareholders round out the ownership structure. The company has 2,000 employees, reflecting its large-scale operational capacity across Vietnam.

Financially, the company demonstrates solid and improving performance. In 2023, total assets rose to USD 261.04 million, marking a 10.29% increase year-over-year. This steady asset growth signals prudent capital reinvestment and a growing project portfolio. Meanwhile, total revenue surged to USD 179.71 million, up 27.01% from 2022, which is a strong sign of business momentum and client demand. Importantly, owner’s equity grew sharply by 76.75%, reaching USD 56.62 million, suggesting either profit retention or recapitalization that has significantly strengthened the company’s balance sheet.

However, it is also worth noting that while the company is large and financially healthy on paper, profit margins remain thin. Despite the high revenue base, the company reported a modest profit of only USD 747,697, though this was still a 29% improvement from the previous year. In an industry prone to cost overruns and delayed payments, this slim bottom line could indicate pricing pressures, intense competition, or high overhead. For partners, subcontractors, or financiers, this calls for caution, particularly in structuring payments, credit terms, or joint ventures.

Operationally, Delta is licensed for a wide range of construction and industrial manufacturing activities. These include building residential and commercial structures, producing materials like cement, steel, and concrete, and even agricultural production, though the latter likely plays a minimal role. Such breadth suggests flexibility in project delivery but also means the company may be stretched across multiple business lines.

In summary, DELTA CONSTRUCTION GROUP COMPANY LIMITED is a strong and prominent construction contractor in Vietnam. The company enjoys robust asset growth, rising equity, and expanding sales—clear indicators of success. However, low profit margins are a financial weakness that should not be overlooked. While Delta remains a good and reliable company, clients and stakeholders are advised to be aware of this nuance when considering long-term partnerships or extending credit. For reliable assessments, credit risk analysis, and construction sector due diligence, consult VANGUARD BUSINESS INFORMATION LLC (VBI).