PROLooking for more than just a company report? Upgrade to Pro now

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD

Active

Business ID 3700798848

84-274 / 3553 832

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD

Active

Business ID 3700798848

84-274 / 3553 832

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD

Active

Summary

Name:

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD

Business ID (TIN):

3700798848

Date of Registration:

24 Feb 2004

Registered Office:

Binh Duong Province Department of Planning and Investment

Address:

Lot E-10A-CN, My Phuoc 2 Industrial Park, My Phuoc Ward, Ben Cat Town, Binh Duong Province, Vietnam

Phone:

84-274 / 3553 832

Financial Statement:

2020, 2021, 2022, 2023, 2024

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD (CÔNG TY TNHH KỸ THUẬT XÂY DỰNG ĐỒNG PHONG (VIỆT NAM)) is a foreign-invested enterprise based in Binh Duong, Vietnam. Established in 2004 and operating under business ID 3700798848, the company is fully owned by Tung Feng Construction Engineering Co., Ltd, registered in the British Virgin Islands. Its business scope includes construction of residential and industrial structures, particularly large-scale piling and foundation works.

The company’s recent financial performance is eye-catching. In 2023, sales surged to USD 143.49 million, marking a 52.21% increase from the previous year. Total assets reached USD 128.89 million, up more than 50%. Profit jumped nearly fourfold to USD 3.31 million, and equity rose by 54% to USD 9.45 million. With working capital of USD 7.75 million and 500 employees, the company clearly has operational momentum.

However, rapid growth, especially of this magnitude, warrants close scrutiny. In 2021, sales were just USD 5 million. Two years later, they're nearly 30 times that. Is this growth driven by long-term contracts, or is it project-based revenue tied to a few clients? A lack of disclosure around client concentration, project backlog, or contract duration makes it difficult to assess sustainability. If these are one-off projects, revenue could swing sharply in future years.

The company is managed by Lin T. H., a Taiwanese national who serves as General Director. The lack of a broader local management team listed in the report raises some concerns about continuity, especially if the foreign parent company redirects its regional priorities or restructures.

There’s also a transparency issue. The parent company is registered in the British Virgin Islands, a known offshore jurisdiction. While this isn’t uncommon in the construction or FDI sectors, it can complicate due diligence, especially regarding ultimate beneficial ownership and financial reporting practices. This structure adds an extra layer of risk for local banks, contractors, or vendors, particularly when legal enforcement becomes necessary.

In short, TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD is a fast-scaling enterprise with strong recent financials. But from a credit and operational risk perspective, it would be prudent to look beneath the surface. The pace of growth is aggressive, the ownership opaque, and governance locally thin. Partners should ask for updated audited financials, examine project pipelines, and establish clearly defined contract terms. This is not a company to ignore but neither is it one to engage blindly.

Legal Profile

English Name:

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD

Vietnamese Name:

CÔNG TY TNHH KỸ THUẬT XÂY DỰNG ĐỒNG PHONG (VIỆT NAM)

Short Name:

TUNG FENG (VIETNAM) CO., LTD

Business ID (TIN):

3700798848

Date of Registration:

24 Feb 2004

Registered Office:

Binh Duong Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

LIN, T

Address:

Lot E-10A-CN, My Phuoc 2 Industrial Park, My Phuoc Ward, Ben Cat Town, Binh Duong Province, Vietnam

Phone:

84-274 / 3553 832

Transaction office:

Room 9.05, Mapletree Business Centre Building, No. 1060, Nguyen Van Linh Street, Tan Phong Ward, District 7, Ho Chi Minh City, Vietnam

Branch:

No. A401-A402, 4th Floor, Building A, Keangnam Hanoi Landmark Tower, Block E6, Cau Giay New Urban Area, Me Tri Ward, South Tu Liem District, Ha Noi City, Vietnam

Business Sector

Key business lines:

VSIC:

4101 Construction of residential buildings

Industry Sales Growth

CAGR (2019 - 2023)

-2.12%

YoY (2023)

-10.69%

Companies by industry

Company distribution and propportions

61,002

2.0983%

Key Industry Players

Top 10 companies in construction of residential buildings industry

coteccons construction joint stock company ricons construction investment joint stock company (translated name) son hai group company limited thanh an 96 installation and construction joint stock company newtecons investment construction joint stock company trung nam construction and engineering corporation tung feng construction engineering (vietnam) co., ltd thai son investment construction corporation. central construction joint stock company vincons construction development and investment joint stock company

Payment History

Purchase the report to access company details.

Financial Performance

Assets	-33.45%
Owner’s Equity	20.63%
Working Capital	-16.41%
Net Worth	27.35%
Sales	-87.42%
Operating income	-33.88%
EBIT	85.72%
Gross Profit Margin	33.72%
Debt to EBITDA	20.68%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD

When did TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD start operating?

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD was started in 24 Feb 2004

What industry does TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD operate in?

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD is operating in "Construction of residential buildings" industry

How can I contact TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD?

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD phone numbers is 84-274 / 3553 832

What adverse news is there about TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD?

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD’s has no negative news

What is stock symbol of TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD?

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD is not listed company

Where is the location of TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD?

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD is located at Lot E-10A-CN, My Phuoc 2 Industrial Park, My Phuoc Ward, Ben Cat Town, Binh Duong Province, Vietnam

What is TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD’s business registration?

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD business registration is 3700798848

My Order (0)

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

We've just released an update!

Don’t miss any of our insights

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD

TUNG FENG CONSTRUCTION ENGINEERING (VIETNAM) CO., LTD

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

Access Required

Notification