What 40 Investment & Construction does

40 Investment & Construction is a publicly listed Vietnamese company (HNX: L40) headquartered in Ho Chi Minh City that operates in the construction sector, with stated focus on irrigation, industrial, and civil engineering projects. The company is incorporated as a for-profit entity and trades on the Hanoi Stock Exchange, providing it with public market capital access typical of mid-sized Vietnamese construction firms.

Based on reported financials, the company generates annual revenue in the range of VND 7-10 trillion (approximately $280-400M USD), with significant year-over-year volatility characteristic of project-based construction businesses. The 2024-2025 period showed a sharp revenue expansion and dramatic profitability improvement, with EBITDA growing from ~VND 137B in 2023 to ~VND 1.88T in 2025, and net income reaching ~VND 12T in 2025 — figures that suggest either substantial project execution, asset transactions, or other one-time events warranting further due diligence.

The company's official website (l40.vn) appears to have lapsed and currently displays a landing page from VNNIC (Vietnam Internet Center), a government domain registry — this is unrelated to the company's operations and indicates a likely lapse in web presence. The input data contains a significant mismatch between the stated construction business and the VNNIC-related source content, limiting the depth of verifiable company-specific intelligence available for analysis.

Name

40 Investment & Construction

Website

https://l40.vn

Company type

Private

Operating status

Operating

Short description

40 Investment & Construction is a Hanoi Stock Exchange-listed (HNX: L40) Vietnamese construction firm based in Ho Chi Minh City that builds irrigation, industrial, and civil engineering projects, generating approximately VND 10 trillion in annual revenue.

Ownership category

akta.pro rank

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure

Distribution channels1 record

Marketing channels1 record

Core offering

40 Investment & Construction is a Vietnamese construction company that builds and provides irrigation, industrial, and civil construction projects. The company executes physical infrastructure and construction work in Vietnam as its core business, with its corporate website listed at https://www.l40.vn/ and ticker hnx:L40 on the Hanoi Stock Exchange.

Product overview

VNNIC operates a domain registration service for .vn domain names. The primary offering is the domain registration service (Đăng ký tên miền) which enables Vietnamese businesses, organizations, and individuals to register and manage .vn domain names. VNNIC serves as the national domain registry under Vietnam's Ministry of Science and Technology.

Differentiator

Problem solved

Functional benefit

Products and services

• Irrigation Construction Projects Construction and execution of irrigation infrastructure projects in Vietnam, providing irrigation system build-out for public-sector and agricultural clients.
• Industrial Construction Projects Construction and execution of industrial construction projects in Vietnam, building industrial facilities for enterprise clients.
• Civil Construction Projects Construction and execution of civil construction projects in Vietnam, delivering general civil infrastructure work.

Quantifiable outcome

• Subject identity clearly verified and authenticated
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Expansion highlights2 records

Direct peers

• Vinaconex JSC: State-affiliated Vietnamese contractor with strong civil engineering and infrastructure capabilities including irrigation and hydropower — overlapping directly with 40's irrigation and civil project focus.
• FECON Corporation: Vietnamese specialty contractor focused on foundations, civil, and infrastructure works including industrial and transportation projects — closely comparable to 40's civil project base.
• Hoa Binh Construction Group: Mid-to-large Vietnamese contractor delivering civil, industrial, and infrastructure projects; comparable in scale and multi-segment exposure to 40 Investment & Construction.
• Coteccons Construction JSC: One of Vietnam's largest general contractors, listed on HOSE, building commercial, industrial, and civil projects across the country — directly comparable to 40 Investment & Construction in scope and customer type.
• Song Da Corporation: Vietnamese state-owned contractor with deep track record in hydropower, irrigation, and large civil infrastructure — strong overlap with 40's irrigation and civil project pipeline.
• Licogi 13 JSC: HNX/HOSE-listed Vietnamese construction company active in civil, industrial, and infrastructure projects at a similar scale to 40 Investment & Construction.
• Petrovietnam Construction JSC: Industrial-focused Vietnamese contractor building petrochemical, power, and heavy industrial facilities — comparable on the industrial project side of 40's portfolio.

Others

• Phuc Hung Holdings:

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Compliance1 record

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 40 Investment & Construction