XUAN THANH CONSTRUCTION INVESTMENT AND DEVELOPMENT COMPANY LIMITED

XUAN THANH CONSTRUCTION INVESTMENT AND DEVELOPMENT COMPANY LIMITED (CÔNG TY TNHH ĐẦU TƯ XÂY DỰNG VÀ PHÁT TRIỂN XUÂN THÀNH) is a large-scale, privately held construction and infrastructure enterprise headquartered in Ninh Binh Province 

Established on 18 August 2003, the company operates under Business ID 2700277508, registered with the Ninh Binh Province Department of Planning and Investment. Charter capital stands at USD 602.60 million, fully paid. With approximately 2,000 employees, the company has operated in Vietnam’s construction sector for more than 22 years.

The head office is located at No. 65, Van Giang Street, Van Giang Ward, Ninh Binh City, Ninh Binh Province, Vietnam. It maintains branches in Ha Nam and Hai Phong, as well as a transaction office in Ninh Binh, supporting nationwide project deployment.

Financial Performance Overview

Over the past three years, the company has maintained a very large asset base, though recent figures show contraction:

• Total assets declined from USD 761.23 million (2022) to USD 571.12 million (2024).

• Equity remained substantial at USD 536.10 million, despite an 11% year-on-year decrease.

• Revenue decreased to USD 53.24 million (2024), continuing a downward trend.

• Net profit, however, rebounded to USD 162,898, up more than 1,400% compared to the prior year’s low base.

• Working capital stood at USD 292.27 million, reflecting strong liquidity capacity relative to operating scale.

The data indicate a capital-intensive structure with significant retained equity, while revenue fluctuations suggest project-based income cycles typical in large infrastructure and construction enterprises.

Management and Ownership

The company is led by Chairman cum General Director NGUYEN X. T., supported by Deputy General Director NGUYEN V. T.

Shareholding is concentrated:

• NGUYEN D. H. holds 92%

• NGUYEN X. T. holds 8%

Business Scope

Xuan Thanh primarily operates in the construction of utility projects, with registered activities that include cement manufacturing, stone quarrying, site preparation, demolition, electrical and plumbing installation, mining, agriculture, aquaculture, and equipment leasing. This diversified portfolio reflects vertical integration across construction materials and project execution.

With one of the largest equity bases among private construction companies in its region, XUAN THANH CONSTRUCTION INVESTMENT AND DEVELOPMENT maintains strong capital backing. Future performance will largely depend on the scale of the project pipeline, infrastructure investment cycles, and effective asset utilization.