TRUNG NAM CONSTRUCTION AND ENGINEERING CORPORATION

TRUNG NAM CONSTRUCTION AND ENGINEERING CORPORATION (Công Ty Cổ Phần Xây Dựng Và Lắp Máy Trung Nam) is a privately held joint stock company established in May 2008 and legally registered under Business ID 5800577571. Headquartered at the 11th Floor, Trung Nam Tower, No. 7A/68 Thanh Thai Street, Ward 14, District 10, Ho Chi Minh City, the company also maintains registered operations in Lam Dong and Da Nang. Its Chairwoman is Le T. H., and the General Director is Bui M. H..

The company specializes in the construction of civil, industrial, and infrastructure projects, with a diversified portfolio that includes power installations, hydropower works, road and bridge building, and cement and steel manufacturing. It employs a workforce of 600 employees and operates under a charter capital of approximately USD 12.38 million.

Financially, TRUNG NAM CONSTRUCTION AND ENGINEERING CORPORATION is experiencing clear signs of contraction. In 2023, revenue fell to USD 169.1 million, marking a steep 40.21% drop from 2022 and a far cry from the USD 790.7 million recorded in 2021. Net profit also slid to just USD 59,984—a decline of over 40% from the previous year and nearly 85% from 2021. These figures suggest severe margin compression and possibly delays or shortages in new project inflows.

Total assets declined slightly to USD 341.89 million, while owner’s equity dropped by over 26% to USD 13.04 million, indicating reduced retained earnings and potentially heavier financial obligations. Working capital also fell sharply, down 43.66%, now at USD 8.85 million, reflecting tightening liquidity.

Despite its strong technical profile and broad range of activities, TRUNG NAM CONSTRUCTION AND ENGINEERING CORPORATION has seen a dramatic fall in sales and profitability over the last two years. Its shrinking equity base and declining working capital call for close monitoring. For those considering partnerships or financial exposure to the company, these figures suggest the business may be under significant operational and financial pressure, particularly in the face of a challenging construction market.