Licogi 13

What Licogi 13 does

Licogi 13 (Công ty Cổ phần LICOGI 13) is a Vietnamese construction and infrastructure company headquartered in Hanoi and publicly traded on the Hanoi Stock Exchange (HNX) under ticker LIG. The firm traces its origins to 1980 as a state-owned mechanical construction enterprise under Vietnam's Ministry of Construction and has since evolved into a multi-segment construction group. It reports a direct headcount of 251–500 employees, consistent with a general-contractor operating model that relies heavily on subcontracted labor for project delivery.

The company operates across four primary segments: General Contracting, Real Estate Investment, Construction Services (covering foundation/piling work, infrastructure machinery, building materials, and building construction), and Industry & Energy. Named engagements span hydropower construction for Vietnam Electricity (EVN), manufacturing facility delivery for MITAC Vietnam and Darfon Hà Nam, social housing developments approved by provincial authorities, and educational infrastructure for institutions such as the Banking Academy. The industry & energy segment includes solar and hydropower construction, while the construction services segment incorporates in-house building materials production such as bricks and aggregates alongside an owned machinery fleet used for foundation and piling work.

Revenue is generated primarily through project-based general contracting and direct real estate investment, with execution supported by a wholly-owned project subsidiary (LICOGI13FC). Geographic operations span Northern, Central, and Southern Vietnam through direct project delivery rather than regional subsidiaries. Reported revenue rose from approximately 40.2 trillion VND in 2013 to 177.3 trillion VND in 2025, while EBITDA recovered from 2.9 trillion VND in 2024 to 6.4 trillion VND in 2025 and net income rebounded from 82 billion VND to 864 billion VND over the same period, indicating significant operating leverage in the latest fiscal year.

Name

Licogi 13

Legal name

Công ty Cổ phần LICOGI 13

Website

https://licogi13.com.vn

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

251–500 employees

Short description

Licogi 13 is a Vietnamese publicly listed construction company providing general contracting, real estate development, building materials, foundation work, and industrial/energy construction services to government, manufacturing, and utility clients across Vietnam.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

Industrial Building Construction (23621), Engineering Services (541330), Agriculture, Construction, and Mining Machinery Manufacturing (3331)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Construction Machinery & Equip (3531), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Commercial General Contracting (New Build) (IMAFAAAA)

akta.pro secondary industries

Hydropower EPC & Construction (Civil Works, Electromechanical) (EUACAEAF), Engine Generator & Microgrid Power Plant EPC (Diesel/Gas Recip) (EUAEAAAJ)

Keywords

• Industrial construction services
• Real estate development
• General contracting
• Construction foundations
• Building materials supply

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Others

Distribution channels1 record

Marketing channels3 records

Core offering

Licogi 13 is a construction and infrastructure company that provides general contracting services, real estate investment and development, construction services (covering foundations, infrastructure machinery, building materials, and building construction), and industrial/energy sector projects. The company executes construction of factories, industrial zones, commercial buildings, social housing, hydropower plants, and solar power plants for enterprise and government clients across Vietnam.

Product overview

Licogi 13 is a construction and infrastructure company operating as a multi-segment business offering four main service areas: General Contractor Services (Tổng thầu thi công), Real Estate Investment (Đầu tư bất động sản), Construction Services (Thi công xây dựng), and Industry and Energy (Công nghiệp và năng lượng). The Construction Services segment is further divided into specialized offerings including Construction Foundations (Nền móng xây dựng), Infrastructure Machinery (Cơ giới hạ tầng), Building Materials (Vật liệu xây dựng), and Building Construction (Xây dựng công trình). Notable project types include social housing (NOXH), industrial factories, hydroelectric plants, solar power plants, and commercial office buildings. The portfolio spans Vietnam with projects including NOXH Long Vân - Bình Định, MITAC Vietnam Factory, Darfon Ha Nam Factory, and the LICOGI 13 TOWER office building.

Differentiator

Problem solved

Functional benefit

Products and services

• General Contractor Services (Tổng thầu thi công) Comprehensive general contracting services for construction projects, including project management and construction execution for enterprise and government clients in Vietnam.
• Real Estate Investment (Đầu tư bất động sản) Real estate investment activities including development of residential, commercial, and social housing projects for government and enterprise clients.
• Construction Services (Thi công xây dựng) Construction services including building construction, foundation work, infrastructure, and building materials supply for enterprise, government, and industrial clients.
• Industry and Energy (Lĩnh vực công nghiệp và năng lượng) Industrial and energy sector investments including construction of power plants, solar energy projects, and manufacturing facilities for state utilities and energy sector clients.
• Construction Foundations (Nền móng xây dựng) Foundation construction services including pile drilling and foundation preparation work for building and infrastructure projects.
• Infrastructure Machinery (Cơ giới hạ tầng) Infrastructure machinery services and mechanical construction equipment services for infrastructure projects.
• Building Materials (Vật liệu xây dựng) Building materials production and supply including bricks, stone aggregates, and construction materials for construction projects.
• Building Construction (Xây dựng công trình) Building construction services for various types of structures and facilities across industrial, commercial, residential, and energy sectors.

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Ricons Construction Investment Joint Stock Company: Vietnamese general contractor focused on industrial factories, commercial buildings, and high-rise residential. Comparable in scale and project mix to Licogi 13's industrial and commercial construction work.
• Fecon Corporation: Vietnamese specialty contractor for deep foundations, geotechnical engineering, and heavy infrastructure. Closely comparable to Licogi 13's Construction Foundations (Nền móng xây dựng) segment.
• Delta Construction Group: Vietnamese contractor with civil, industrial, and infrastructure project execution. Comparable to Licogi 13 across construction foundations, infrastructure machinery, and general contracting.
• Hoa Binh Construction Group Joint Stock Company: Major Vietnamese general contractor focused on commercial, industrial, and residential construction. Closely overlaps Licogi 13's general contractor and building construction segments within the same domestic market.
• Đèo Cả Group: Vietnamese infrastructure group focused on heavy civil, tunneling, and transportation EPC. Comparable to Licogi 13's heavy construction and infrastructure machinery segments targeting government infrastructure work.
• Phục Hưng Holdings Construction Joint Stock Company: Vietnamese general contractor delivering civil, industrial, and commercial building projects. Overlaps with Licogi 13's building construction and general contractor services in the same Vietnamese market.

Broad incumbents

• Coteccons Construction Joint Stock Company: Largest publicly listed general contractor in Vietnam, offering turnkey construction for industrial, commercial, and residential projects. Directly comparable general contracting business targeting similar Vietnamese enterprise and government clients.
• Vinaconex (Vietnam Construction and Import-Export Joint Stock Corporation): State-rooted Vietnamese conglomerate active in general construction, infrastructure, and real estate investment. Comparable to Licogi 13 across construction, infrastructure machinery, and real estate development.

Regional players

• Viglacera Corporation: Vietnamese building materials producer and real estate developer of industrial parks and social housing. Comparable to Licogi 13's building materials and real estate investment segments within the same domestic construction ecosystem.
• Becamex IDC Corporation: Vietnamese industrial real estate developer building factories, industrial parks, and social housing in Bình Dương and southern provinces. Comparable to Licogi 13's industrial construction and real estate investment segments with overlapping government-linked clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/licogi-13-jsc

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Licogi 13