Transport infrastructure development a huge opportunity for Deo Ca: exec
Deo Ca Group foresees huge business opportunities in transport infrastructure development in Vietnam for the company and other private investors, said general director Ngo Truong Nam.
Nam, in charge of bidding at the Vietnamese group, made the statement at a press meeting on Wednesday to announce the nine-month business results of Deo Ca Transport Infrastructure Investment JSC, a subsidiary of Deo Ca Group, known as the "king of tunnels".
"Deo Ca is also continuing to seek cooperation opportunities with foreign businesses from Japan, South Korea, Europe countries, and others," he told The Investor on the sidelines of the event.
Deo Ca regularly sends staff abroad to study or work as subcontractors, and is waiting for more information from the Vietnamese government to see which technologies and standards will be prioritized and applied. When the government's direction becomes clearer, the group will begin to cooperate, he noted
According to the transport infrastructure development plan, the government aims to have 5,000 km of expressways by 2030. With railway network planning, there will be 25 routes with a length of 6,354 km by 2050.

Ngo Truong Nam, general director in charge of bidding at Deo Ca Group. Photo courtesy of Deo Ca.
Deo Ca Transport Infrastructure Investment JSC, listed on the Ho Chi Minh Stock Exchange (HoSE) as HHV, recorded revenue of VND1.83 trillion ($74.2 million) in the first nine months of the year, an increase of 23.5% year-on-year, according to its consolidated business results. The company's profit after tax was VND309 billion ($12.6 million), up 29%.
Its construction segment had the highest growth of 74%, reaching VND271 billion ($11 million) in revenue, accounting for 40% of the firm's total.
Revenue from build-operate-transfer (BOT) road toll stations increased by 2%, contributing VND391 billion ($15.9 million) and accounting for 58% of total revenue.
For the whole year, HHV estimates consolidated revenue of VND2.51 trillion ($102 million), up 18% and exceeding the year plan by 1%. Its profit after tax is forecast at VND385 billion ($15.6 million), up 30% and exceeding the year plan by 14%.
Nguyen Quang Huy, general director of HHV, commented that the revenue results demonstrate the business's ability to grow in the current difficult context.
Huy said that the business's goal is to prepare resources to successfully implement local initiatives and to take the lead in many new industries when growing globally, especially in the context that Vietnam places special attention on national transport infrastructure development.
HHV has three main areas of activity, namely investment, construction, and operation management of transportation infrastructure projects.
Through many restructurings, its current charter capital is VND3 trillion ($122 million). The company officially listed shares in 2022.
- Read More
Land clearance for Vietnam's North-South high-speed railway project to start on December 19
Prime Minister Pham Minh Chinh has requested localities to start land clearance en masse for the gigantic North-South high-speed railway project on December 19.
Economy - Fri, August 8, 2025 | 11:52 am GMT+7
Vietnam might launch pilot digital asset exchange in August
A digital asset exchange might be launched in August on a pilot basis, Deputy Minister of Finance Nguyen Duc Chi told a government press meeting on Thursday.
Finance - Fri, August 8, 2025 | 11:25 am GMT+7
Vietnam’s steel giant Hoa Sen spends $34 mln on land near Long Thanh airport for urban development
Hoa Sen Group (HoSE: HSG), Vietnam’s top producer of coated steel products, has spent VND900 billion ($34.3 million) acquiring land for a major urban development project in the southern province of Dong Nai.
Real Estate - Fri, August 8, 2025 | 8:22 am GMT+7
Halal market presents major opportunities for Vietnamese businesses
The global Halal market is projected to reach $5 trillion by 2030, with Malaysia alone expected to hit $113.2 billion, said Shariza binti Abdul Rasheed, Halal product manager at Maybank Malaysia.
Economy - Thu, August 7, 2025 | 9:18 pm GMT+7
Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant
Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.
Industries - Thu, August 7, 2025 | 8:03 pm GMT+7
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7