Hvc investment & Technology

What Hvc investment & Technology does

HVC Investment & Technology Joint Stock Company (HVC Group) is a Vietnam-listed, multi-disciplinary construction and engineering company headquartered in Hanoi with branch operations in Ho Chi Minh City and a manufacturing facility in Hung Yen province. Founded in 2011 and listed on the Ho Chi Minh City Stock Exchange (HoSE: HVH) since 2018, the company operates four wholly-owned subsidiaries: HVC Cons (M&E general contracting), HVC Park (swimming pools, water parks, musical fountains, art fountains, ice skating rinks, ocean aquariums), HVC Hung Yen (electric cabinet, ductwork and cable tray manufacturing), and HVC Hoa Binh (regional construction and real estate investment).

The company's core offering is general mechanical and electrical (M&E) contracting for large-scale real estate and industrial developments, combined with a niche specialty-construction franchise in water-based entertainment infrastructure — musical fountain systems (e.g., 800m Venice river feature, 22m water screens, 688 nozzles at Mega Grand World Hanoi), Olympic-standard swimming pools, water parks, amusement parks, ice skating rinks and ocean aquariums. Underlying capabilities include design, equipment supply, installation and technology transfer, supported by in-house manufacturing of electrical cabinets and HVAC ductwork at the HVC Hung Yen facility.

HVC earns revenue primarily through project-based, multi-year M&E general contracts and specialty-construction contracts won via competitive bidding and direct enterprise sales. Pricing is negotiated per project; revenue is recognized against construction milestones. The company serves large Vietnamese real estate developers (Vingroup, Sun Group, Eurowindow, Apec, CNCTech, Danko, Phenikaa, BB Group), industrial investors, and entertainment developers. A secondary revenue stream comes from real estate investment, notably the Euro Villas project in Hoa Binh province. Customers are acquired through direct enterprise sales rather than channel partners, with delivery relying on a combination of internal workforce and subcontracted specialists.

Name

Hvc investment & Technology

Legal name

Công Ty Cổ Phần Đầu Tư Và Công Nghệ HVC

Website

https://hvcgroup.net

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

251–500 employees

Short description

HVC Group is a Vietnam-listed M&E general contractor and specialty construction company that designs and builds water-based entertainment infrastructure — musical fountains, water parks, Olympic pools, aquariums and ice rinks — for major domestic real estate developers.

Ownership category

akta.pro rank

Product category

Mechanical & Electrical Contracting and Specialty Construction

NAICS

Plumbing, Heating, and Air-Conditioning Contractors (238220), Plumbing, Heating, and Air-Conditioning Contractors (23822), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

General Bldg Contractors - Residential Bldgs (1520), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564), Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

HVAC & Refrigeration Contracting (IMAFALAB)

akta.pro secondary industries

Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), Commercial HVAC/R Installation (Rooftop Units, Split Systems) (HSAOAGAH)

Keywords

• M&E general contracting
• Mechanical electrical services
• Water park construction
• Musical fountain systems
• Swimming pool construction

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. M&E Construction Contracting: General contracting services for mechanical and electrical systems in construction projects. Revenue recognized over project duration with billing tied to construction milestones. Major revenue driver accounting for majority of company income.
2. Specialty Construction: Design and construction of swimming pools, water parks, musical fountains, art fountains, ice skating rinks, and ocean aquariums. Includes technology design, equipment supply, installation, and technology transfer.
3. Equipment Manufacturing: Manufacturing of electric cabinets, wind pipes, and cable tray ladders at HVC Hung Yen production facility for internal use and external sales.
4. Real Estate Investment: Investment in real estate development projects, including the Euro Villas project in Hoa Binh province.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

HVC Group is a Vietnamese construction and engineering company that acts as a general contractor for mechanical and electrical (M&E) systems in buildings, industrial facilities, and infrastructure projects. It specializes in design-build of water-based entertainment facilities (musical fountains, water parks, swimming pools, onsen, ice skating rinks, ocean aquariums) and manufactures electrical cabinets, ventilation ducts, and cable trays at its Hung Yen facility. It also invests in real estate projects such as Euro Villas in Hoa Binh province.

Product overview

HVC Group (Công ty Cổ phần Đầu tư và Công nghệ HVC) is a Vietnamese multi-disciplinary construction and engineering company offering integrated services through multiple specialized divisions. The core portfolio includes: HVC Cons (M&E general contractor for buildings and infrastructure), HVC Park (swimming pools, water parks, fountains, aquariums, amusement parks, ice skating rinks), Euro Villas (real estate investment), and manufacturing of electrical cabinets/ducting via HVC Hưng Yên. The company serves major real estate developers including Vingroup, Sun Group, Eurowindow, and CNCTech across residential, commercial, and entertainment developments throughout Vietnam.

Differentiator

Problem solved

Functional benefit

Brands

• Euro Villas: Villa area with garden houses, forest plantation and eco-tourism project in Mông Hóa commune, Hoa Binh city

Products and services

• M&E General Contracting (Tổng thầu cơ điện M&E) General contractor services for mechanical and electrical systems in construction projects, including electrical systems, low-voltage systems (network, camera, audio), water supply and drainage, and air conditioning. Delivered by subsidiary HVC Cons for high-rise buildings, industrial facilities, and infrastructure.
• Swimming Pool & Onsen Design and Construction (Thiết kế, thi công bể bơi, bể onsen) Design and construction of swimming pools, onsen, and sauna systems for residential and commercial projects, including Olympic-spec pools for Vinhomes developments. Delivered by subsidiary HVC Park.
• Water Park Design and Construction (Thiết kế, thi công công viên nước) Design and construction of complete water park attractions including slides, pools, and water play equipment for entertainment complexes and resort developers such as Sun Group.
• Musical Fountain & Art Fountain Design and Construction (Thiết kế, thi công nhạc nước, đài phun nghệ thuật) Design, supply, installation, and technology transfer for musical fountain systems and art fountains. Notable projects include Mega Grand World Hanoi (800m Venice river, 10m water columns, 22m water screen, 688 nozzles, 468 lighting units) and The Global City.
• Ocean Aquarium Design and Construction (Thiết kế, thi công thủy cung đại dương) Design and construction of ocean aquariums and marine life displays for commercial and residential developments, including Vinhomes Times City.
• Amusement Park Design and Construction (Thiết kế, thi công công viên giải trí) Design and construction of amusement parks and high-end recreational attractions for entertainment developers.
• Ice Skating Rink Design and Construction (Thiết kế, thi công sân trượt băng nghệ thuật) Design and construction of artistic ice skating rinks for entertainment venues and commercial complexes.
• Electric Cabinet, Ventilation Duct, and Cable Tray Ladder Manufacturing (Sản xuất tủ điện, ống gió, thang máng cáp) Manufacturing of electric cabinets, ventilation ducts (ống gió), and cable tray ladders (thang máng cáp) at the HVC Hung Yen production facility, for internal project use and external sale.
• Water Treatment Equipment Import and Distribution (Nhập khẩu, phân phối thiết bị xử lý nước) Import and distribution of water treatment and wastewater processing equipment to support specialty construction and pool/aquarium projects.
• Euro Villas Real Estate Investment (Đầu tư dự án Bất động sản Euro Villas) Real estate investment in villa projects combined with eco-tourism and forest plantation, notably the Euro Villas project in Mông Hóa commune, Hoa Binh city. Delivered by subsidiary HVC Hoa Binh.
• General Construction Contracting (Tổng thầu xây dựng) General construction contracting services covering industrial factory construction (e.g., CNCTech Dream, CNCTech Glory) and building construction projects.

Quantifiable outcome

• 119% revenue achievement against 2025 annual target
• +3 more outcomes

Named customers9 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

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and major.

• VingroupcoreStrategic or Co-development PartnerLong-term strategic partner for M&E contracting and specialty construction. Executed multiple major projects including Vinhomes Ocean Park 3, The Global City, Happy Home Trang Cat social housing, and Vinhomes Dai An Olympic-standard swimming pools.
• CNCTech GroupcoreStrategic or Co-development PartnerStrategic partner for industrial construction projects. Executing general contractor role for CNCTech Dream and CNCTech Glory industrial park developments including factory construction and M&E installation.
• Eurowindow HoldingcoreStrategic or Co-development PartnerStrategic partner for large-scale urban development projects. Serving as general M&E contractor for Eurowindow Sport Garden (Nghe An) and Eurowindow Light City (Thanh Hoa) developments.
• Phenikaa GroupmajorStrategic or Co-development PartnerStrategic partner for educational facility development. General M&E contractor for Phenikaa University campus including D4 Dormitory, D5 Commercial Service House, and Phenikaa Tower Hoa Lac.
• Apec GroupmajorStrategic or Co-development PartnerPartner for resort and hospitality projects. Delivered design, supply, and installation of swimming pools and mud bath facilities for Apec Mandala Wyndham Mui Ne and Apecs Mandala Sky Villas Hoa Binh.
• Sun GroupmajorStrategic or Co-development PartnerStrategic partner for water park and entertainment facility construction in Vietnam's tourism and hospitality sector.
• Danko GroupmajorStrategic or Co-development PartnerPartner for urban development projects. Serving as general M&E contractor for Danko Plaza Trade Center and Danko City Thai Nguyen.
• BB GroupmajorStrategic or Co-development PartnerMajor real estate development partner for residential and commercial projects in Vietnam.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Market position

Strengths2 records

Competitive moat5 records

Key risks2 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/hvcjsc

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 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 Hvc investment & Technology