(kintemoitruong.vn) HVC Group convened a shareholders' meeting and executed a cooperation agreement with CNCTech Group

For additional information, please refer to Here!

On the morning of April 22, HVC Investment and Technology Joint Stock Company (HVC Group, stock code HVH) convened the 2025 Annual General Meeting of Shareholders and conducted the Signing Ceremony for the General Contractor Contract pertaining to the construction of industrial factories between HVC Group and CNCTech Group.

Recognize favorable outcomes​​​​​​​

At the shareholders' meeting, Mr. Tran Huu Dong, Chairman of the Board of Directors of HVC Group, stated that in 2024, the real estate market, particularly the resort sector, will encounter numerous challenges. This situation has impacted HVC's business operations. Nevertheless, the leadership and staff of HVC Group have exerted considerable effort to fulfill the production and business objectives established at the 2024 Annual General Meeting of Shareholders. Consequently, the results achieved are highly positive.

Specifically, the revenue in 2024 exceeds 393 billion VND, achieving 102% of the 2024 target. Profit after tax amounts to 30.5 billion VND, representing 101% of the 2024 objective.

In 2024, the company's financial position remains exceptionally stable and sustainable. The debt-to-equity ratio stands at 0.25, a decrease from 2023, while the quick ratio is 2.4. These stable financial metrics provide a robust foundation for HVC to achieve significant advancements in 2025, coinciding with the nation's ascent.

In the realm of high-end entertainment general contracting, HVC secured new projects in 2024. These encompass the phase 2 water music project at The Global City, VinWonders Cua Hoi (water park, fountain, Koi pond); VinWonders Grand Park (water park); Ha Nam Water Park; and the swimming pool and jacuzzi system for the Vinhomes Vu Yen project, Vinhomes Ocean Park, and Vinhomes Smart City.

Additionally, HVC has successfully delivered the following projects: a series of swimming pools and hot mineral pools at Vuon Vua Resort & Villa; the completed construction and handover of the water park, fountain system, and Koi pond at VinWonders Cua Hoi; and the completed construction and handover of the VinWonders Grand Park water park. HVC has also finalized the construction of landscape swimming pools and 13 villa swimming pools at L'Aurora Phu Yen, as well as the completion of phase 2 of the water music project at The Global City, alongside a range of other swimming pool and fountain projects extending from North to South.

In the realm of M&E general contracting, HVC Group has solidified its status as one of the Top 10 most esteemed M&E contractors in Vietnam. In 2025, HVC is poised to maintain its position within this distinguished ranking. The company's commitment is evidenced by securing numerous high-value contracts at Vinhomes Dai An (Ocean Park 3), Vinhomes Dream City (Vinhomes Ocean Park 2), The Global City, Office 83 Ngoc Hoi, The Manor Lao Cai, and L'Aurora Phu Yen.

HVC's production and investment endeavors have yielded favorable outcomes. Notably, the products from the HVC Hung Yen equipment manufacturing facility ensure a steady supply for HVC Group projects, thereby assisting the company in mitigating various risks associated with fluctuations in input materials.

In 2024, HVC emerged as an investor in a real estate project focused on a garden villa area, integrating afforestation with eco-tourism in Mong Hoa commune, Hoa Binh city (Hoa Binh province). This marked a significant milestone and a pivotal moment in HVC Group's foray into the realm of real estate investment.

Furthermore, since the conclusion of 2024, the Company's Board of Directors has resolved to advance the development of industrial park infrastructure and has commenced the signing of several general contracts for the construction and installation of industrial facilities.

Concerning the profit distribution plan, the current undistributed profit after tax exceeds 96 billion VND. HVC intends to distribute dividends in 2024 amounting to 10% of the charter capital, which is equivalent to over 40 billion VND.

Strive for a 50% increase.

In 2025, HVC anticipates a revenue of 590 billion VND, with an after-tax profit of 50.15 billion VND, reflecting a 50% increase compared to 2024. According to HVC's leadership, this projection is grounded in the overall landscape of the real estate market, where numerous investors and projects have resumed operations to contribute to national development. Notably, the current environment of production and business competition is vibrant, bolstered by significant governmental support for the advancement of the private sector.

Furthermore, the company's internal capabilities empower the board of directors to confidently establish ambitious objectives. Consequently, the total revenue from projects for which the company signed contracts in 2024, now deferred to 2025, is approximately 50 billion VND. Additionally, from the beginning of 2025 to the present, HVC Group has entered into contracts with investors for construction projects, amounting to nearly 400 billion VND, and continues to engage in negotiations with investors to secure new contracts.

Furthermore, the focus on developing infrastructure and industrial park factories represents a new impetus for HVC in the near future.

In 2025, HVC aims to commence construction on a project featuring a forest-growing garden villa area integrated with eco-tourism in Hoa Binh.

The Board of Directors of HVC Group has designated 2025 as a pivotal year for the company's transformation. To realize these objectives, alongside macroeconomic factors, the company has established specific strategic directions. Consequently, HVC remains committed to recruiting and training high-caliber human resources to enhance labor productivity.

HVC also enhances ISO quality management processes, utilizes information technology to increase efficiency and mitigate risks.

“Collaborate” with CNCTech Group to develop industrial infrastructure.

To delineate the objectives, collaborative framework, and future development strategies, the Congress hosted the signing ceremony for the General Contractor contract concerning industrial factory construction between HVC Group and CNCTech Group.

The signing ceremony was conducted by Mr. Dinh Hung Cuong, Deputy General Director of CNCTech Group, and Mr. Le Van Cuong, General Director of HVC Group.

The contract executed between the two companies pertains to the construction of factories and technical infrastructure for factories 12, I19-2, I19-3, and I19-4 of the CNCTech GLORY Project located in Ba Thien Industrial Park (Binh Xuyen District, Vinh Phuc). This project encompasses nearly 19 hectares with a total investment of VND 1,338 billion, of which the four factories constructed by HVC Group will occupy approximately 6 hectares. In the future, the project aims to serve as a hub for the production of supporting industrial products and factory rentals, gradually establishing an integrated production ecosystem that addresses the evolving needs of shifting production supply chains, particularly in the electronic components sector.

This represents a significant turning point in the collaboration between HVC and CNCTech, heralding numerous promising opportunities for the advancement of both companies. Concurrently, this event serves as a crucial foundation and a robust beginning for HVC as it ventures into a new operational domain with considerable potential.

HVC Investment and Technology Joint Stock Company was established on March 21, 2011, driven by the founders' youthful aspirations to excel in technology and dominate the emerging entertainment equipment market in Vietnam.

With substantial capital and a robust brand reputation in the market, HVC has established itself as one of the leading enterprises in Vietnam within the realms of M&E General Contracting. Recently, the company has expanded into Construction General Contracting and Technology Design General Contracting, as well as the supply and installation of high-end entertainment equipment, including swimming pools, water parks, water music displays, fountains, ice skating rinks, and ocean aquariums. Additionally, HVC engages in the design, manufacture, and installation of electrical cabinets, air ducts, and cable trays, and serves as the investor for the Euro Villas real estate project.

HVC's principal partners include Vingroup, Sungroup, Doji, Delta, Apec, Danko, Thang Long Invest, Phenika, Novaland, Bitexco, Alma, Sigma, Suoi Tien, BIM Group, Masterise Home, and Van Phuc Group...