(tapchixaydung.vn) HVC Group successfully convened the 2025 annual shareholders' meeting

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On April 22, in Hanoi, HVC Investment and Technology Joint Stock Company successfully conducted the 2025 Annual General Meeting of Shareholders.

The event seeks to encapsulate the activities of 2024 and ratify the strategic plan for 2025. Concurrently, it signifies a significant advancement as HVC Investment and Technology Joint Stock Company (HVC Group, stock code: HVH) has officially entered into a general contract for industrial factory construction with CNCTech Group.

Successfully finalize the 2024 business plan.

At the shareholders' meeting, Mr. Le Van Cuong, a member of the Board of Directors and the General Director, presented the production and business performance of HVC Group for 2024 on behalf of the Board. HVC's revenue for 2024 exceeded 393 billion VND, achieving 102% of the planned target. The profit after tax amounted to 30.5 billion VND, reaching 101% of the 2024 plan.

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 advance and prepare for integration in the nation's emerging era.

In the realm of high-end entertainment general contracting, HVC successfully signed, constructed, and completed contracts for swimming pools, water music installations, water parks, Koi fish ponds, and more in various provinces and cities nationwide last year. This achievement reaffirms the capacity and brand of Vietnam's premier enterprise in this specialized industry.

In the realm of M&E general contracting, HVC Group has solidified its standing by securing a position among the Top 10 esteemed M&E contractors in 2024, maintaining its status within this distinguished ranking in 2025. HVC's commitment is evidenced by the acquisition of numerous high-value contracts, including those at Vinhomes Dai An (Ocean Park 3), Vinhomes Dream City (Vinhomes Ocean Park 2), The Global City, Office 83 Ngoc Hoi, and The Manor Lao Cai.

In 2024, the design, production, and assembly of electrical cabinets, air ducts, and cable trays at HVC Hung Yen Factory will continue to garner the trust, confidence, and high regard of prominent investors. Notably, HVC's electrical cabinets are also being exported to Lao PDR, supporting electric vehicle charging stations in the capital, Vientiane.

In 2024, HVC took a significant step forward by becoming the investor in the Garden Villas, Forest Plantation, and Eco-Tourism Project in Mong Hoa Commune, Hoa Binh City. This marked a new chapter and a pivotal moment in HVC Group's venture into real estate investment.

At the shareholders' meeting, the board of directors of HVC Group established a growth target of 50% relative to 2024, with a minimum revenue of VND 590 billion and a minimum after-tax profit of VND 50.1 billion.

This plan was developed by HVC in response to the favorable conditions of the real estate market; the total sales from projects for which the company signed contracts in 2024 will be deferred to 2025.

Furthermore, since the commencement of 2025, HVC Group has entered into contracts with a total value approaching 400 billion VND and is actively engaged in negotiations with investors to finalize additional agreements.

A significant highlight of the shareholders’ meeting was HVC's official announcement regarding its foray into a "new playground"—the sector of General Construction Contractors, with a focus on developing infrastructure and industrial park facilities. This is regarded as a promising industry that complements HVC’s current areas of operation.

The collaboration between two major brands

Following the shareholders' meeting, HVC Group conducted a signing ceremony for the general contractor contract pertaining to industrial factory construction with CNCTech Group. This significant event marks a promising beginning for HVC's endeavor to establish itself as a general contractor in the construction sector.

The contract executed between the two companies pertains to the construction of factories and the technical infrastructure for factories 12, I19-2, I19-3, and I19-4 of the CNCTech Glory Project located in Ba Thien 1 Industrial Park (Binh Xuyen District, Vinh Phuc). The project spans nearly 19 hectares with a total investment of 1,338 billion VND. Of this, the four factories managed by HVC Group will cover a construction area of approximately 6 hectares, representing one of the high-value contracts.

CNCTech Group is a diversified corporation based in Vinh Phuc, excelling in precision mechanical processing, electronic component manufacturing, industrial equipment, and advanced technology. The selection of HVC Group as the general contractor for the construction of industrial facilities at the CNCTech Glory project reflects a strong confidence in HVC's ability to execute projects professionally, adhere to timelines, and uphold high technical standards.

At the signing ceremony, representatives from both companies expressed their deep appreciation for the collaborative relationship established during the development phase of CNCTech and HVC Group. This foundation paves the way for future cooperation between CNCTech and HVC Group, which will continue to evolve under the guiding principle of "sharing opportunities, successful collaboration."

HVC Investment and Technology Joint Stock Company was founded in 2011. After 14 years of establishment and growth, HVC Group has emerged as one of the leading enterprises in Vietnam across several operational domains: M&E general contracting, with a recent expansion into general construction contracting; general contracting for technology design, supply, and installation of high-end entertainment equipment, including swimming pools, water parks, water music displays, fountains, ice skating rinks, and ocean aquariums; design, manufacturing, and installation of electrical cabinets, air ducts, and cable trays; and as the investor in the Euro Villas real estate project in Hoa Binh.

In 2025, HVC aims to finalize the legal processes necessary to commence construction of the Euro Villas project, which promises to deliver a sophisticated resort urban area for both residents and tourists at the Northwest gateway.