On March 31st, Vietnam Report Joint Stock Company officially announced the ranking of "Top 10 Reputable Infrastructure and Industrial Construction Contractors in 2025". Construction Corporation No. 1 - JSC (CC1) excellently rose to the top position on this list.
Vietnam Report's rankings are based on rigorous evaluation criteria to ensure objectivity and transparency. Factors considered include financial capacity, demonstrated through revenue, profit, and stable growth rates; media reputation based on positive exposure on mainstream media channels; and in-depth survey results from industry experts, businesses, and partners.
In recent years, CC1 has made a strong mark on a series of key national projects, from the expansion of Tan Son Nhat International Airport, the construction of Long Thanh International Airport, Tan Son Nhat Airport Terminal 3, Metro Line 1 (Ben Thanh – Suoi Tien) in Ho Chi Minh City, to crucial projects such as the North-South Expressway, Ho Chi Minh City Ring Road 3, and Quang Trach 1 Thermal Power Plant.
It's not simply about "being present" in key national projects; each project is a clear testament to CC1's superior construction capabilities and strong commitment to quality and deadlines. For projects with complex technical requirements, CC1 has pioneered numerous solutions and construction methods, earning recognition for its outstanding achievements. This award is not only a well-deserved acknowledgment of CC1's persistent efforts but also reflects the absolute trust that partners and clients place in the CC1 brand in the market.
Having gained the trust of its partners, CC1 has also implemented several important reforms, such as restructuring its governance and investing in technology to lead digital transformation in the construction industry.
As one of the large-capitalization construction companies on the UPCoM exchange, with construction as its core business, CC1's consolidated financial report for 2024 recorded consolidated net revenue of VND 10,160 billion, an increase of 8.1% compared to 2023, while the construction industry's growth rate was estimated at 7.8-8.2%. Of this, construction activities contributed 7.1% of total revenue, demonstrating the company's construction capabilities and the trust and preference it enjoys in the market.
In particular, the company demonstrated flexibility in its financial operations, recording a significant reduction in financial expenses of 321 TP2T. Notably, interest expenses decreased by 401 TP2T – a result of effective cash flow restructuring and interest rate negotiations, optimizing costs in the context of declining market interest rates.
Provisions for doubtful receivables also decreased sharply by 92 billion VND, reflecting the effectiveness of debt control and capital recovery efforts.
CC1's total assets increased by 12% to VND 16,728 billion. Liquidity ratios such as the quick ratio reached 1.06 and the current ratio reached 1.24, indicating that the company has a sound financial foundation and is ready to respond to short-term risks. Asset utilization efficiency improved significantly, with revenue as a percentage of total assets increasing by 47%, reflecting efforts to improve operational efficiency and accelerate capital turnover.
Although after-tax profit reached VND 229 billion – only completing 491% of the planned target – this figure still represents a 41% increase compared to the previous year, as the company is restructuring its investment portfolio and transforming its financial model towards greater sustainability.
Adhering to the motto "Think effectively – Act disciplined," CC1 continuously invests in technology, enhances management capabilities, and applies the most advanced construction standards to ensure that all projects achieve optimal quality. With six core values: "Integrity – Swift movement – Efficiency – Discipline – Aspiration to lead – Social responsibility," which serve as a guiding principle in all activities and create a unique identity, CC1 is increasingly solidifying its position in the market. Thanks to its sustainable development strategy and continuous innovation, the CC1 ecosystem has been creating landmark projects, contributing to changing the face of the country's infrastructure and elevating the company's status.
–According to Construction Magazine