Businesses built large profits again

In the last months of the year, many buildings began to bustle again from public infrastructure projects, factories – industrial workshops to civil, commercial housing areas, school works, agencies … Financial health of construction contractors also have many good signals.

According to the recent financial statements of Coteccons Construction Joint Stock Company (CTD), in the second quarter of 2025 (ie quarter IV/2024), the enterprise recorded nearly VND 6,886 billion in revenue, up 21.6% compared to With the same period 2023. This is also the highest level in the last 20 quarters. Profit after tax reached approximately VND 106.2 billion, up 54% and returning to hundreds of billion asymptotic before the market crisis.

With the ecosystem of Newtecons, Ricons, Sol E&C, BM Windows, Bohodécor and DB, in the recent New Year wish letter, Mr. Nguyen Ba Duong said that the group’s consolidated revenue reached VND 27,800 billion, exceeding the plan. Newtecons founder president said the above figure “far ahead of other rivals in the industry”.

Ricons is the only enterprise to publish information. Financial statements in the fourth quarter of 2024 showed that the annual revenue reached nearly VND 8,012 billion and profit after tax nearly VND 159 billion. The revenue only increased by nearly 6% compared to 2023 but thanks to good capital cost control and additional financial revenue, profit after tax accumulated more than 91%, the highest since 2021. Sol E&C – the youngest unit In the ecosystem – achieving more than 4,550 billion dong in revenue, 8.7% compared to the set plan

Leading the infrastructure – construction and installation, Vinaconex (VCG) recorded nearly 12,873 billion dong in the previous year, an increase of 1%lighter. Thanks to good capital cost control and fixed expenses, VCG profits more than VND 1,157 billion after tax, nearly 3 times the same period and the highest 4 years.

Other construction businesses also reported positive interest. Central is expected to record a profit of over VND 200 billion. Construction Corporation No. 1 (CC1) announced a profit of more than 259 billion dong, the highest 3 years.

In parallel with the increasingly improved financial health, contractors also win more large projects with a trillion -dollar scale. Coteccons said that the total backlog (ordered order) from the second quarter of 2025 has reached nearly 35,000 billion VND, ensuring the abundant source of work for the next quarters.

Meanwhile, Central said it was ready to have 900 engineers and about 10,000 workers across the regions to ensure new projects. And the ecosystem of Mr. Nguyen Ba Duong focuses on improving productivity, technical improvement, applying artificial intelligence (AI) … to seize opportunities in many major projects in the coming years when Vietnam Set two -digit economic growth targets.

In the recent report, An Binh Securities (ABS) assessed the construction industry in 2024 to record good growth. According to the Ministry of Construction in 2024, the industry growth reached about 7.8-8.2%, exceeding the government’s assigned target. This is also the highest growth rate since 2020. ABS said that the growth rate of the industry depends heavily on the recovery of the real estate market, the progress of removing problems, implementing the first projects. Private.

This year, this analysis group believes that public investment is a growth pillar for the construction industry when it is the last year in the medium-term public investment plan 2021-2025. The Government set out a public investment plan of more than VND 790,000 billion (the National Assembly has not passed), increasing significantly compared to the plan of more than VND 670,000 billion of the previous year. The specific objective set by the Prime Minister is to complete at least 3,000 km of highways, basically completing Long Thanh airport, erasing temporary houses, dilapidated houses across the country …

In addition to the pillar of public investment, the prospect of the real estate market also energizes the construction industry. SSI Research argues that civil construction is expected to recover stronger this year, thanks to the early recovery of real estate in large markets like Hanoi and Ho Chi Minh City.

CBRE forecasts that the new supply of apartments in Hanoi will continue to be abundant, estimated at more than 31,000 units this year. In Ho Chi Minh City, the number is estimated at 9,000 apartments. Although it is still likely to recover local, this unit thinks that the legal environment is clearer, it will encourage investors to participate in the project development.