SCI

What SCI does

SCI Group is a Vietnamese holding company established in 2003 and publicly listed on the Hanoi Stock Exchange (HNX:S99), specializing in the development and construction of energy and infrastructure projects across Vietnam and Lao PDR. The group operates through four business units — investment, design consultancy, construction and installation, and industrial production — delivered via eight wholly-owned subsidiaries including SCI E&C (core EPC contractor), SCI Consulting, SCI PMC, and regional entities. Its project portfolio spans hydropower (695.2 MW installed/under construction across 17 plants), wind power (192 MW), solar power (50 MW), and thermal power (1,200 MW at Long Phu 1), with 14 plants totaling 327.2 MW operated as owner-investor under power purchase agreements.

The company's core offering is full-scope Engineering, Procurement and Construction (EPC) services for energy infrastructure, including specialized capabilities in RCC dam construction, tunnel excavation, electromechanical installation, and 22kV transmission line works. Revenue is generated through three primary streams: one-time EPC construction contracts (multi-year, project-specific pricing via competitive bidding), equity investment returns from owned/operated power plants, and design/PMC consulting fees via SCI Consulting and SCI PMC. Customer base is concentrated among state-owned utilities (Vietnam Electricity/EVN, EVNGENCO2, PVN), private energy developers (Gelex Quang Tri), and international counterparts (Phongsubthavy Group in Laos). Distribution is enterprise-direct, acquired through public tenders and direct negotiation with project owners.

In FY2024, SCI Group reported consolidated revenue of 1,402 billion VND (approximately $56M USD), with SCI E&C contributing 1,008 billion VND. The company employs 857 personnel across its member entities and maintains headquarters in Hanoi. Its go-to-market emphasizes competitive bidding for complex infrastructure projects where execution track record, capital equipment fleet, and multi-disciplinary integration serve as primary differentiation levers. Active geographic expansion into Lao PDR is evidenced by multiple hydropower engagements (Nam Sam 3, Nam Mo 2, Nam Phak, Nam Khian series) alongside domestic Vietnam wind and solar projects.

Name

SCI

Legal name

SCI Joint Stock Company

Website

https://scigroup.vn

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SCI Group is a Vietnamese publicly-listed EPC contractor and investor (HNX:S99) that develops and constructs hydropower, wind, solar, and thermal power plants across Vietnam and Laos, serving state-owned utilities and private energy developers through subsidiaries led by SCI E&C.

Ownership category

akta.pro rank

Product category

Engineering, Procurement and Construction (EPC) Services for Energy Infrastructure

NAICS

Solar Electric Power Generation (221114), Offices of Other Holding Companies (551112), Management Consulting Services (54161)

SIC

Cogeneration Services & Small Power Producers (4991), Services-Management Consulting Services (8742)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

Keywords

• Engineering Procurement Construction
• Hydropower Plant Construction
• Renewable Energy EPC
• Wind Farm Construction
• Solar Power Installation

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. EPC Construction Services: Engineering, Procurement and Construction services for energy and infrastructure projects, delivered as general contractor or EPC contractor
2. Project Investment: Equity investment in hydropower projects through subsidiary companies, with ownership stakes in operating power plants
3. Consulting Services: Design consultancy and project management consultancy services through SCI Consulting JSC

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

SCI Group is an Engineering, Procurement and Construction (EPC) contractor and investor specializing in energy and infrastructure projects, primarily hydropower, wind power, solar power, and thermal power plants. Through its operating subsidiaries, the company delivers integrated services spanning project investment, design and project-management consulting, full construction and installation, and supporting industrial production, with 695.2 MW of installed capacity across 17 completed and ongoing plants and ownership stakes in 14 operating power plants totaling 327.2 MW.

Product overview

SCI Group is a Vietnamese holding company established in 2003, operating through four main business units: Investment, Consulting, Construction and Installation, and Industrial Production. The company specializes in energy and infrastructure projects, particularly hydropower, wind power, solar power, and thermal power plants. Key subsidiaries include SCI E&C Joint Stock Company (construction and erection), SCI Consulting JSC (advisory services), and SCI PMC (project management consultant). The group has completed numerous projects including hydropower plants (Namsam 3 - 156MW, Tri An expansion - 200MW), wind farms (Gelex 1,2,3 - 90MW, Huong Phung - 30MW), and solar farms (Gelex Ninh Thuan - 50MWp). Current projects include Nam Mo 2 and Nam Sam 3A hydropower plants in Laos, and Huong Phung 1 wind farm in Vietnam.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Services Equity investment in energy and infrastructure projects through SCI Group and subsidiary companies, including ownership stakes and capital deployment in operating power plants. Targeted at energy project developers and government utilities seeking local investment partners.
• Consulting Services Design consulting, advisory, and project management consultancy services for energy and infrastructure projects, delivered through SCI Consulting JSC and SCI PMC. Intended for project owners requiring engineering oversight and technical advisory.
• Construction and Installation Full Engineering, Procurement and Construction (EPC) services for hydropower plants, wind farms, solar farms, thermal power plants, technical infrastructure, transportation works, river works, and sea works, delivered through SCI E&C Joint Stock Company. Targeted at government utilities, private energy developers, and infrastructure owners.
• Industrial Production Industrial manufacturing and production capabilities supporting SCI Group's construction projects, including specialized equipment and materials production for power plant and infrastructure builds.

Quantifiable outcome

• 695.2 MW total installed capacity from completed and ongoing projects
• +1 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered strategic, minor and core.

• Nam Khian 1, 2, 3 Hydropower Projects (Lao PDR)strategicStrategic or Co-development Partner · 1 January 2024SCI Group signed MOU for development of Nam Khian 1, 2, 3 Hydropower Projects in Laos PDR, expanding its project portfolio in the region.
• Nam Phak Hydropower Company (Lao PDR)minorStrategic or Co-development Partner · 1 May 2023SCI PMC was awarded Contract Engineer (CE) services contract for Nam Phak Hydropower Plant Project (168 MW) in Laos PDR, providing technical oversight and project management services.
• Phongsubthavy GroupcoreStrategic or Co-development Partner · 9 September 2019Phongsubthavy Group (Laos) partnered with SCI E&C for EPC execution of Nam Sam 3 Hydropower Plant (156 MW). SCI serves as EPC contractor for this major Laos-based project representing a US$300+ million investment.

Scale indicators7 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Power Construction Corporation of China (PowerChina): Global hydropower and renewable EPC giant that competes in Southeast Asian infrastructure tenders. While much larger, it operates in the same hydropower/wind/solar EPC market and frequently bids on projects in Vietnam and Laos.
• Adani Green Energy: Large-scale Indian renewable IPP and developer with utility-scale solar, wind, and hybrid exposure. Comparable as a renewable asset owner/operator in an emerging market, though at vastly greater scale than SCI.
• Larsen & Toubro: India's largest EPC conglomerate with significant power, infrastructure, and renewables capabilities. Competes on larger regional tenders and shares SCI's hydropower/infrastructure EPC focus at a much broader scale.

Direct peers

• Vinaconex: Major Vietnamese construction and infrastructure EPC group with significant hydropower and civil works exposure. Competes directly with SCI for Vietnamese infrastructure tenders and shares a similar public-listed structure.
• B.Grimm Power: Thai renewable energy IPP and EPC operator active across Southeast Asia. Comparable business model combining power generation assets with project development, and a similar target market of regional utility-scale renewables.
• Song Da Corporation: Vietnam's largest state-owned hydropower EPC contractor. Highly comparable as SCI E&C was formerly Song Da 9 (acquired 51% by SCI in 2015); both firms target the same hydropower project pipeline in Vietnam and Laos.
• Tata Power Solar Systems: Indian solar EPC and module manufacturer with utility-scale project execution capabilities. Comparable as a renewable EPC contractor targeting emerging-market utility clients, similar to SCI's Gelex Ninh Thuan solar work.
• Energy Absolute: Thai renewable energy developer and IPP with wind, solar, and biomass exposure. Comparable regional renewable energy operator competing for similar Southeast Asian utility-scale opportunities.
• Ratch Group: Thai power generation IPP with significant renewable energy holdings in Thailand, Laos, and Vietnam. Closely comparable as both firms invest in and operate cross-border power assets in the Mekong region.

Emerging players

• ACEN Corporation: Philippine-listed renewable energy IPP and developer with expanding regional portfolio in Vietnam and Southeast Asia. Emerging competitor targeting the same regional renewable growth opportunity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/scigroup.vn

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 records

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 SCI