Vietnam Investment Construction & Trading

Name

Vietnam Investment Construction & Trading

Legal name

Tổng công ty cổ phần Đầu tư Xây dựng và Thương mại Việt Nam

Website

https://ctx.vn

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Others

Revenue model

1. Real Estate Development (Turnkey Projects): CTX Holdings generates revenue by developing turnkey real estate projects for corporate clients, including both land use rights and construction. Projects include commercial office buildings and hospitality/resort properties developed, managed, and operated by the company.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

CTX Holdings develops turnkey commercial office buildings and corporate headquarters for large Vietnamese enterprises, bundling land use rights and construction into a single delivered project. The company also develops, owns, and operates luxury hospitality resorts (e.g., Pao's Sapa Leisure Hotel, Bản Mòng Resort) and luxury residential properties (PentStudio), with new mixed-use and resort projects in Nha Trang commencing construction in 2025–2026.

Product overview

CTX Holdings (Tổng công ty cổ phần Đầu tư Xây dựng và Thương mại Việt Nam) is a professional real estate developer listed on the HNX stock exchange with over 40 years of history. The company offers a diverse portfolio of real estate products across Vietnam, including: commercial office buildings developed under turnkey arrangements for major corporations (Mobifone, Hoa Phat, PVI, FPT); luxury residential properties (PentStudio); and hospitality/resort developments (Pao's Sapa Leisure Hotel, Bản Mòng Resort). The portfolio spans multiple provinces including Hanoi, Lào Cai (Sa Pa), and Khánh Hòa (Nha Trang), with ongoing projects including CTX Tower, Mountain Village Resort, and Ocean Complex.

Differentiator

Problem solved

Functional benefit

Brands

• Pao's Sapa Leisure Hotel: 5-star hotel in Sa Pa, Lao Cai province, developed and managed by CTX Holdings
• Bản Mòng Resort
• PentStudio
• CTX Tower
• Mountain Village Resort
• Ocean Complex

Products and services

• Mobifone Building (Tòa nhà Mobifone) Turnkey-developed headquarters building for Mobifone Corporation, including land use rights and construction, located at 01 Phạm Văn Bạch Street, Yên Hòa, Cầu Giấy, Hanoi. Built for an enterprise telecommunications client.
• Hoa Phat Building (Tòa nhà Hòa Phát) Turnkey-developed headquarters building for Hoa Phat Group, including land use rights and construction, located at 39 Nguyễn Đình Chiểu Street, Lê Đại Hành, Hai Bà Trưng, Hanoi. Built for an enterprise manufacturing/industrial client.
• PVI Building (Tòa nhà PVI) Turnkey-developed headquarters building for Petrovietnam Insurance Corporation (PVI), including land use rights and construction, located at 06 Phạm Văn Bạch Street, Yên Hòa, Cầu Giấy, Hanoi. Built for an enterprise insurance client.
• FPT Building (Tòa nhà FPT) Turnkey-developed headquarters building for FPT Group, including land use rights and construction, located at 10 Phạm Văn Bạch Street, Yên Hòa, Cầu Giấy, Hanoi. Built for an enterprise technology client.
• PentStudio

Named customers4 records

Segments2 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Xuan Mai Corporation: Vietnamese construction and real estate developer with residential and commercial projects. Comparable as a mid-sized Vietnamese developer with turnkey capabilities, though primarily residential-focused.

Direct peers

• Becamex IDC (BCM): Vietnamese industrial and urban real estate developer focused on Binh Duong province. Comparable in building large-scale commercial and industrial properties for enterprise clients and managing real estate assets.
• Novaland (NVL): Major Vietnamese real estate developer focused on residential and mixed-use projects. Closely comparable in business model (turnkey development of major projects) and market (Vietnam), though Novaland has faced significant financial distress in recent years.
• Kinh Bac City Development (KBC): Vietnamese industrial real estate developer specializing in industrial parks and urban areas. Comparable as a listed Vietnamese developer building large-scale projects for corporate/industrial tenants.
• Phat Dat Real Estate Development (PDR): Vietnamese real estate developer with residential and commercial projects primarily in Ho Chi Minh City. Directly comparable as a listed Vietnamese property developer pursuing large-scale developments, though with different geographic concentration.
• Dat Xanh Group (DXG): Vietnamese real estate developer and brokerage with diversified residential, commercial, and services businesses. Comparable as a listed Vietnamese property company with broad project portfolio and recurring services revenue.

Emerging players

• Coteccons Construction (CTD): Vietnam's leading private construction general contractor delivering Grade A offices, resorts, and residential projects. Comparable in delivering high-end construction for corporate and hospitality clients in Vietnam.
• Hoa Binh Construction Group (HBC): Vietnamese construction company building commercial and industrial projects for enterprise clients. Comparable as a construction-focused player with project delivery capabilities for corporate clients, though more contractor than developer.
• Hoang Huy Investment Financial Services (TCH): Vietnamese real estate and financial services group with mixed-use and residential projects. Comparable as a smaller listed Vietnamese developer pursuing diversified property strategies.

Broad incumbents

• Vinhomes (VHM): Vietnam's largest real estate developer (Vingroup subsidiary), focused on large-scale residential and mixed-use urban developments. Comparable as a publicly listed Vietnamese real estate developer with national footprint, but at significantly larger scale than CTX.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ctx-holdings

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Vietnam Investment Construction & Trading