Ricons

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.

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

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. General Contracting: Full-service general contracting for construction projects including structural, architectural, and finishing works
2. MEP (Mechanical, Electrical, Plumbing) Contracting: Specialized mechanical and electrical installation services
3. Design and Build: Integrated design and construction services
4. Investment: Direct investment in development projects

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core 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

Named customers10 records

Segments2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

18 partnerships are on record, tiered core and minor.

• Empire CitycoreStrategic or Co-development PartnerStrategic partnership for major mixed-use development projects in Vietnam
• Daewoo E&C VINAcoreStrategic or Co-development PartnerJoint venture partnership for construction projects with Korean standards
• Sun GroupcoreStrategic or Co-development PartnerStrategic partner for tourism and real estate development projects
• EcoparkcoreStrategic or Co-development PartnerLong-term strategic partnership for eco-urban development projects
• MIK GROUPcoreStrategic or Co-development PartnerStrategic partnership for residential development projects
• Gamuda LandcoreStrategic or Co-development PartnerStrategic partnership for urban development projects
• Nam LongcoreStrategic or Co-development PartnerStrategic partnership for residential development projects
• Masterise HomescoreStrategic or Co-development PartnerStrategic partnership for luxury residential projects
• TT CapitalcoreStrategic or Co-development PartnerJapanese joint venture partner for real estate development
• Cosmos InitiacoreStrategic or Co-development PartnerJapanese partner in TT AVIO joint venture project
• VingroupcoreStrategic or Co-development PartnerStrategic partnership for large-scale real estate and infrastructure projects
• CapitaLandcoreStrategic or Co-development PartnerPartnership with Singapore-based real estate developer for projects in Vietnam
• FoxconncoreStrategic or Co-development PartnerPartnership for industrial manufacturing facility construction
• Nestle VietnamminorStrategic or Co-development PartnerFactory construction projects
• Coca-ColaminorStrategic or Co-development PartnerProduction facility construction
• Regina Miracle InternationalcoreStrategic or Co-development PartnerStrategic partnership for manufacturing facility construction
• Brotex VietnamcoreStrategic or Co-development PartnerPartnership for textile factory construction, multiple phases completed
• Shenzhou GroupcoreStrategic or Co-development PartnerPartnership for manufacturing facility construction

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct 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

• Facebookfacebook.com/ricons.vn
• LinkedInlinkedin.com/company/ricons-construction-investment-jsc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ricons