Accumulate inner strength, ready to break through

Tracodi Construction Group: Accumulating internal strength, ready to break through

After changing its name and transforming its operating model, Tracodi Construction Group Joint Stock Company (TCD), a member of Bamboo Capital Group (BCG), has completed its senior personnel structure to quickly make a breakthrough.

The construction industry is facing a great opportunity as the Government continuously disburses investment to create momentum to boost the economy. In 2025, a series of important transport infrastructure projects such as airports, seaports, highways, inter-regional and inter-provincial projects will continue to be promoted by the Government.

The policy of investing in the entire high-speed railway project (350 km/h) on the North-South axis was also agreed upon by the 10th Central Conference of the 13th tenure in mid-September. According to the Ministry of Transport's calculations, the North-South high-speed railway project alone has a total preliminary investment of about 67.34 billion USD. Not to mention, investing in the North-South high-speed railway will create a construction market worth about 33.5 billion USD. The development potential for construction enterprises such as Tracodi is huge if they promptly accumulate internal resources and seize the opportunity to participate in public investment projects in the coming time.

Persistently increase internal strength

At the end of August 2024, Tracodi changed its name from Industrial Development and Transport Investment Joint Stock Company to Tracodi Construction Group Joint Stock Company. This new name highlights Tracodi's core business of construction. At the same time, this new name is also consistent with the corporate governance model that Tracodi is applying. Currently, Tracodi Group owns subsidiaries operating in many fields such as construction - infrastructure (Tracodi E&C), taxi transportation (Vinataxi), labor export (Tracodi Labor), stone mining, etc.

In recent years, Tracodi has continuously appeared in the list of fastest growing companies in Vietnam. Tracodi Construction Group has become a prestigious general contractor, one of the few general contractors to achieve a Grade 1 construction capacity certificate, capable of executing large-scale projects such as road traffic works, civil works, industry and energy.

In addition to real estate and renewable energy projects of Bamboo Capital Group, Tracodi is implementing many important infrastructure projects such as Phan Thiet airport project, residential area and regulating lake in Bac Giang province and the construction project of National Highway 3 - Vo Nguyen Giap (Dong Anh district, Hanoi) and part of package 12 of Chau Doc - Can Tho - Soc Trang expressway project,...

In 2024, Tracodi aims to achieve net revenue of VND 1,920 billion, an increase of 7.6% over the previous year. Profit after tax of VND 185.6 billion, an increase of nearly 6% over the same period. For the period 2024-2028, Tracodi expects revenue to achieve an average growth rate of 12%/year, with revenue in 2028 reaching VND 3,816 billion. Profit after tax in 2028 is expected to reach VND 348 billion. Equity in 2028 is expected to reach VND 6,438 billion, total assets are expected to reach VND 13,130 billion.

To complete the business plan for the period 2024-2028, Tracodi focuses its resources on implementing real estate projects that have won bids such as King Crown Infinity, Malibu Hoi An, Hoian d'Or. In addition, the company also builds transport infrastructure projects such as: Phan Thiet Airport, Component Project 4 of the Chau Doc - Can Tho - Soc Trang Expressway Construction Project Phase 1; Project connecting the old National Highway 3 to Vo Nguyen Giap Street (Hanoi), Duc Thinh Residential Area Project (Bac Giang); Renovation and upgrading of DT830 and DT824 from An Thanh Bridge to Duc Hoa Town (Long An).

Tracodi is focusing on constructing many important infrastructure projects and actively participating in potential public investment projects.

In addition, Tracodi is constantly looking for opportunities to participate in bidding for potential public investment projects and strengthen cooperation with partners who are reputable domestic and foreign construction companies and corporations. The recent major partner that Tracodi has cooperated with to invest and develop transport infrastructure projects, develop industrial park infrastructure and social housing is China Railway International Corporation (CREC). China Railway International Corporation is in the Top 500 largest enterprises in the world according to Forbes.

To seize future opportunities, Tracodi is studying plans to M&A some smaller construction companies and buy new quarries and construction material mines to improve competitiveness and proactively source raw materials.

In addition, Tracodi is preparing to seek shareholders' opinions on the private offering of 170 million shares to increase charter capital in order to improve capital capacity, consolidate financial structure, and supplement capital for production and business activities. If this issuance is successful, Tracodi Group's charter capital will reach VND5,058 billion.

Recruiting more "talents" in the construction industry

Tracodi Group has also strengthened its senior personnel by appointing leaders with many years of experience in the construction and infrastructure sector. After Mr. Pham Dang Khoa, the former General Director of Tracodi, resigned to focus on a new task, Tracodi appointed Mr. Tran Nguyen Huan as General Director from October 9, 2024.

The new General Director of Tracodi - Mr. Tran Nguyen Huan has more than 25 years of experience in the construction industry.

Prior to his appointment as General Director, Mr. Tran Nguyen Huan held the position of Permanent Deputy General Director of Tracodi from August 2024. Mr. Huan has more than 25 years of experience in the construction industry, having successfully directed and managed many large projects, from high-rise buildings, public works to important transport infrastructure projects.

To complete the management apparatus, on October 15, Tracodi continued to appoint Mr. Ha Chi Dung to the position of Deputy General Director in charge of construction. Mr. Ha Chi Dung graduated as a Civil Engineer and has 21 years of experience in the construction industry. Before joining Tracodi, he held many important positions such as Construction Director, Deputy General Director in charge of Construction and Installation, and Deputy General Director of Construction at leading construction corporations in Vietnam.

With extensive experience in managing and implementing large construction projects, the presence of Mr. Tran Nguyen Huan and Mr. Ha Chi Dung is expected to bring important improvements and contributions to Tracodi's operations, contributing to improving the quality and efficiency of the projects the company is implementing.

2024 is considered a pivotal year for Vietnam to complete the public investment plan for the 2021-2025 period with important transport infrastructure projects. The construction industry is facing a great opportunity with a series of public investment plans in the coming time of the Government. Along with that, the prospect of the real estate market gradually entering a recovery cycle this year will create a positive impact on the construction - infrastructure industry group. With a series of necessary preparations to accumulate internal resources, Tracodi is expected to have a breakthrough development in the coming time and contribute positively to the revenue of Bamboo Capital Group.

Source: https://baodautu.vn/tap-doan-xay-dung-tracodi-tich-luy-noi-luc-san-sang-but-pha-d228618.html