This result was independently researched by Vietnam Report, based on scientific and objective principles to honor the key players of the construction industry. These businesses have had achievements in doing business, providing products to customers and possess strong financial capacity and the ability to face difficulties in the market. The impact of the Covid-19 pandemic, political instability, disruption of the global supply chain, raw material prices, etc. in the past 3 years have severely affected many businesses.
Based on the database of Vietnamese businesses in Vietnam Report's ranking of the construction industry updated to December 31, 2023, Vietnam Report has used the Media Coding method (encoding media data). ), combining business and stakeholder research surveys to announce the results of the Top 10 Construction Companies of 2024.
This year Vietnam Report announced 3 categories: Top 10 Construction Contractors; Top 10 Construction Contractors (Infrastructure - Industry Category); Top 10 mechanical and electrical contractorsThis is also the first year that the Organizing Committee announced the addition of the Top 10 Construction Companies of the year, in the Infrastructure - Industry category.
Accordingly, Viettel Construction officially became the Champion of the Top 10 Infrastructure - Industrial Construction Contractors of 2024. This result is encouragement and spiritual encouragement for Viettel Construction to continue to make breakthroughs; rise to higher rankings in the following years.
Top 10 Construction Contractors in 2024
Top 10 infrastructure and industrial construction contractors in 2024
In 2023, Viettel Construction records revenue of 11,399.4 billion VND, growing 22% compared to 2022 and exceeding 10% of the plan. Pre-tax profit is estimated at 645.4 billion VND, growing 16% compared to 2022, thereby exceeding the full year target by 5%. Of which, the construction sector accounts for 31% of total revenue (reaching VND 3,042 billion). All three construction segments (B2C, SME, B2B) of Viettel Construction all grew by double digits compared to 2022, with the highest revenue growth of 76% from the B2B segment and 64% from the SME segment.
According to Vietnam Report, Vietnamese construction enterprises enter 2023 with negative signals. Increased pressure on provisioning, falling profits, high debt and interest costs, etc. occur in most businesses. According to statistical results, more than half of listed enterprises in the construction industry will have a decrease in revenue and pre-tax profit in 2023 compared to 2022.
Biến động doanh thu – lợi nhuận của doanh nghiệp niêm yết ngành xây dựng năm 2023 so với năm trước
Tuy nhiên, các chính sách tháo gỡ khó khăn của Chính phủ, sự gia tăng của dòng vốn FDI vào Việt Nam đang được kỳ vọng đẩy nhanh quá trình hồi phục cho doanh nghiệp xây dựng trong năm 2024.