SON HAI GROUP COMPANY LIMITED

SON HAI GROUP COMPANY LIMITED (CÔNG TY TNHH TẬP ĐOÀN SƠN HẢI) is a leading Vietnamese construction enterprise with a long-standing reputation in infrastructure development, particularly in residential, transportation, and hydroelectric works. Founded on April 13, 1998, and legally registered under Business ID and Tax Code 3100196175, the company operates under the jurisdiction of the Quang Binh Department of Planning and Investment. Its head office is located at No. 117, Huu Nghi Street, Nam Ly Ward, Dong Hoi City, Quang Binh Province, Vietnam.

Over its 27-year journey, SON HAI GROUP COMPANY LIMITED has grown into a substantial player with 675 employees and total assets reaching USD 346.39 million as of the end of 2023. The company has demonstrated robust financial growth, increasing its assets by 35.95% compared to the previous year and doubling its equity base to USD 183.98 million, up by 85.26% year-over-year. Despite a slight dip in revenue, with 2023 sales reported at USD 166.76 million, down 5.83% from 2022, the company maintained profitability with USD 1.68 million in net profit, marking a modest growth of 2.17%.

The company’s working capital stands at a strong USD 167.32 million, reflecting healthy liquidity and operational resilience. Its legal status is privately held, with a paid-up capital of approximately USD 180.19 million. The vast majority of shares are owned by Nguyen V. H., holding 99.91%, while Le T. H., who also serves as Chairman, holds 0.09%. Additional key executives include Nguyen Q. M. and Tran C. K., both serving as Directors.

SON HAI GROUP COMPANY LIMITED’s core operations revolve around the construction of civil buildings, roads, irrigation systems, railways, and hydropower projects. It is especially known for its involvement in national-scale highway construction and infrastructure initiatives. Media coverage has highlighted its participation in significant projects such as the Nha Trang–Cam Lam Expressway and urban development zones in Dong Hoi.

While the company has achieved remarkable growth in asset accumulation and equity, the slight contraction in revenue and limited profit margin suggest room for improvement in cost control or project diversification. Nevertheless, its strong capital base and extensive experience continue to position the company as a competitive and influential contractor in Vietnam's construction landscape.

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