Ricons
Ricons is a Vietnamese construction investment joint stock company founded in 2004, offering general contracting, MEP, Design & Build, BIM, and project investment services to tier-one real estate developers and multinational industrial clients across Vietnam.
- Company typePublic
- Founded2004
- HeadquartersHo Chi Minh City, Vietnam
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Ricons does
Ricons Construction Investment Joint Stock Company (Công Ty Cổ Phẩn Đầu Tư Xây Dựng Ricons) is a Vietnam-based general contractor founded in 2004 and headquartered in Ho Chi Minh City, with a representative office in Hanoi. It operates across five integrated service lines: General Contracting (Tổng thầu xây dựng), MEP Contracting (Tổng thầu cơ điện), Design & Build (Thiết kế & Thi công), BIM-enabled project management, and direct Investment in development projects. Its project portfolio spans high-rise residential, low-rise buildings, mixed-use developments, industrial facilities, and infrastructure, executed for tier-one Vietnamese real estate developers (Vingroup, Sun Group, Ecopark, Gamuda Land, MIK Group, Masterise Homes) and multinational industrial clients (Foxconn, Nestle Vietnam, Coca-Cola, Regina Miracle, Shenzhou).
Ricons reports 180 completed projects and 45 projects in execution, supported by a workforce of approximately 1,000 personnel and a dedicated in-house training academy. Its primary technology differentiator is BIM (Building Information Modeling), used for design visualization, project planning, and construction simulation, and it maintains ISO 45001:2018 and ISO 14001:2015 certifications. The company was ranked 5th among Vietnam's most prestigious construction contractors in 2025 by Vietnam Report and Top 4 in Construction/Architecture among large enterprises in Anphabe Best Workplaces 2025.
Revenue is generated through project-based, negotiated construction contracts, with disclosed 2025 revenue of 9,042 billion VND (~US$360M) against a 2022 record of 11,384 billion VND. The company maintains an enterprise field sales motion, securing work through direct developer relationships, strategic partnership agreements, and competitive bidding. In March 2026, Ricons received official dispatch from the State Securities Commission regarding the deregistration of its public company status, and in April 2026 it published a refreshed Board of Directors for the 2026-2031 term.
Ricons firmographics
Firmographics- Name
- Ricons
- Legal name
- Công Ty Cổ Phần Đầu Tư Xây Dựng Ricons
- Website
- https://ricons.vn
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Ricons is a Vietnamese construction investment joint stock company founded in 2004, offering general contracting, MEP, Design & Build, BIM, and project investment services to tier-one real estate developers and multinational industrial clients across Vietnam.
- Ownership category
- akta.pro rank
Where Ricons is headquartered
LocationHeadquarters
- HQ city
- Ho Chi Minh City
- HQ country
- Vietnam
- HQ region
- Asia
Offices2 records
Markets served
Ricons business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- General Contracting: Full-service general contracting for construction projects including structural, architectural, and finishing works
- MEP (Mechanical, Electrical, Plumbing) Contracting: Specialized mechanical and electrical installation services
- Design and Build: Integrated design and construction services
- Investment: Direct investment in development projects
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based construction contracts |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Ricons product offering
Product offeringCore offering
No source-backed information available to describe core offerings.
Product overview
Ricons is a construction investment joint stock company offering a comprehensive portfolio of construction-related services. The company operates through five integrated service lines: General Contracting (Tổng thầu xây dựng), MEP Contracting (Tổng thầu cơ điện), Design & Build (Thiết kế & thi công), BIM services, and Investment (Đầu tư). These services cover the full construction lifecycle from project planning and design through to execution and investment, serving diverse project types including high-rise residential, low-rise buildings, industrial facilities, infrastructure, and M&E systems.
Differentiator
Problem solved
Functional benefit
Companies that use Ricons
Customer profileNamed customers10 records
Segments2 records
Ricons technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Ricons partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and minor.
- Empire CitycoreStrategic partnership for major mixed-use development projects in Vietnam
- Daewoo E&C VINAcoreJoint venture partnership for construction projects with Korean standards
- Sun GroupcoreStrategic partner for tourism and real estate development projects
- EcoparkcoreLong-term strategic partnership for eco-urban development projects
- MIK GROUPcoreStrategic partnership for residential development projects
- Gamuda LandcoreStrategic partnership for urban development projects
- Nam LongcoreStrategic partnership for residential development projects
- Masterise HomescoreStrategic partnership for luxury residential projects
- TT CapitalcoreJapanese joint venture partner for real estate development
- Cosmos InitiacoreJapanese partner in TT AVIO joint venture project
- VingroupcoreStrategic partnership for large-scale real estate and infrastructure projects
- CapitaLandcorePartnership with Singapore-based real estate developer for projects in Vietnam
- FoxconncorePartnership for industrial manufacturing facility construction
- Nestle VietnamminorFactory construction projects
- Coca-ColaminorProduction facility construction
- Regina Miracle InternationalcoreStrategic partnership for manufacturing facility construction
- Brotex VietnamcorePartnership for textile factory construction, multiple phases completed
- Shenzhou GroupcorePartnership for manufacturing facility construction
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
Ricons competitors and assessment
Company assessmentDirect peers
- Coteccons Construction Joint Stock Company: Vietnam's largest private general contractor, serving the same real estate developer and industrial clients with overlapping general contracting, MEP, and design-build capabilities. Direct head-to-head competitor for marquee residential and commercial mandates.
- Hoa Binh Construction Group Joint Stock Company: One of Vietnam's largest general contractors operating across civil, industrial, and infrastructure projects. Directly comparable in service mix, customer profile (Vietnamese real estate developers), and project scale.
- Vinaconex (Vietnam Construction and Import-Export Joint Stock Corporation): State-linked Vietnamese contractor with civil, infrastructure, and real estate development activities. Comparable to Ricons in scale, full-service construction delivery, and developer client base.
- Delta Construction Group: Vietnamese general contractor active in industrial, civil, and infrastructure segments with design-build capabilities. Competes for the same FDI-driven factory and high-rise residential projects.
- Central Construction Joint Stock Company: Vietnamese general contractor serving real estate developers with comparable civil and industrial project mandates. Direct competitor for residential and commercial contracts in Vietnam.
- Licogi 16 Joint Stock Company: Vietnamese civil and infrastructure contractor with similar general contracting and design-build service offerings. Comparable in customer profile (Vietnamese developers) and project types.
Regional players
- Becamex Infrastructure Development (IDC): Vietnamese industrial infrastructure developer and contractor focused on Binh Duong province. Comparable in industrial construction delivery but with a more concentrated geographic footprint and integrated developer role.
Broad incumbents
- Daewoo E&C: Korean global EPC contractor and direct JV partner of Ricons via Daewoo E&C VINA. Comparable as a large-scale general contractor active in Vietnam and across Asia, particularly in high-rise and infrastructure projects.
- Shimizu Corporation: Japanese global general contractor with active Vietnam operations delivering high-rise and industrial projects. Comparable in service breadth, BIM adoption, and standards-driven execution model.
- Obayashi Corporation: Japanese global general contractor active in Vietnam real estate and infrastructure. Comparable in design-build, BIM-enabled delivery, and multinational-client orientation relevant to Ricons' Japanese JV work.
Market position
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Ricons social profiles
Digital presenceRicons compliance and trust
Trust signalCompliance2 records
Ricons financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ricons leadership team
Management profileNumber of profiles
Ricons subsidiaries and ownership
Company hierarchySubsidiaries1 record
Ricons funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ricons M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ricons
What does Ricons do?
No source-backed information available to describe core offerings.
Is Ricons a public or private company?
Ricons is a public company. It is classified as unknown and is currently operating.
When was Ricons founded?
Ricons was founded in 2004. It employs 51 to 100 people.
Where is Ricons based?
Ricons is headquartered in Ho Chi Minh City, Vietnam, in the Asia region.
How does Ricons make money?
Four revenue lines are on record. General Contracting is the primary driver. The others are MEP (Mechanical, Electrical, Plumbing) Contracting, design and Build and investment.
Who are Ricons's main competitors?
Direct peers on record are Coteccons Construction Joint Stock Company, Hoa Binh Construction Group Joint Stock Company, Vinaconex (Vietnam Construction and Import-Export Joint Stock Corporation), Delta Construction Group, Central Construction Joint Stock Company and Licogi 16 Joint Stock Company. Becamex Infrastructure Development (IDC) is listed as a regional player. Broad incumbents are Daewoo E&C, Shimizu Corporation and Obayashi Corporation.
Does Ricons have an API?
No public API is recorded for Ricons.