MHC Joint Stock Company

What MHC Joint Stock Company does

MHC Joint Stock Company (Công Ty Cổ Phần MHC) is a publicly listed Vietnamese investment holding company trading on the Ho Chi Minh City Stock Exchange under ticker MHC. Founded in 1998 and headquartered at Floor 18, No. 52 Le Dai Hanh Street, Hai Ba Trung District, Hanoi, the company allocates capital across real estate, listed equities, and bonds issued by leading manufacturing companies in Vietnam. The group operates through two principal affiliates: MHC Land Joint Stock Company, a wholly-owned subsidiary focused on real estate, and MHC Investment Joint Stock Company (formerly Marina Investment LLC), a 39.6%-held affiliate with charter capital of 495 billion VND spanning financial consulting, warehousing, real estate, entertainment, and food wholesale.

The company generates revenue through investment returns, dividends, and capital gains rather than product or service pricing. Public disclosures show highly volatile revenue (5.42 trillion VND in 2023, 562.9 billion VND in 2024, 1.68 trillion VND in 2025) with consistently negative EBITDA and operating income, indicating that reported top-line figures largely reflect portfolio mark-to-market and disposal activity rather than recurring operating earnings. Net income remains positive in most reported years, supported by non-operating items.

Governance activity in 2025–2026 includes the resignation of Board member Nguyen Duc Loi in March 2026, personnel changes announced in May 2025, the Annual General Meeting of Shareholders held April 22, 2026, and the recurring issuance of stock dividends for fiscal years 2023 and 2025 (with HOSE confirming the 2025 dividend registration date in July 2026). The controlling shareholder Công ty CP TM và Đầu tư HT Đông Nam Á has been actively accumulating MHC shares. There are no disclosed technology products, no AI/ML initiatives, and no traditional go-to-market channels; investor communications occur exclusively through mandatory stock exchange disclosures.

Name

MHC Joint Stock Company

Legal name

Công Ty Cổ Phần MHC

Website

https://mhc.vn

Company type

Public

Founded year

1998

Operating status

Operating

Short description

MHC Joint Stock Company is a Hanoi-based, HOSE-listed Vietnamese investment holding company that allocates capital across real estate, equities, and bonds in leading manufacturing firms, operating primarily through wholly-owned MHC Land and affiliated MHC Investment.

Ownership category

akta.pro rank

Product category

Investment Holding

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599)

akta.pro primary industry

Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)

Keywords

• Investment holding
• Real estate investment
• Equity investment
• Bond investment
• Portfolio management

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel

Core offering

MHC Joint Stock Company is an investment holding company that invests in sustainable-development industries including real estate, listed stocks, and bonds in leading manufacturing companies in Vietnam. The company operates through its wholly-owned subsidiary MHC Land for real estate activities and affiliated MHC Investment for financial advisory, investment consulting, warehousing, and other businesses. Revenue is generated through investment returns, dividends, and capital gains.

Product overview

MHC Joint Stock Company is an investment holding company that invests across multiple sectors including real estate and financial instruments. The company operates through its subsidiaries MHC Land Joint Stock Company and affiliated company MHC Investment Joint Stock Company (Công ty Cổ phần Đầu tư MHC), which was formerly Marina Investment LLC. The company does not appear to offer technology products or SaaS services, but rather operates as a traditional investment company managing portfolios in real estate and securities.

Differentiator

Problem solved

Functional benefit

Products and services

• MHC Investment Services

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered subsidiary and affiliated company.

• MHC LAND Joint Stock CompanysubsidiaryStrategic or Co-development PartnerMHC Land is a subsidiary of MHC Joint Stock Company, operating in the real estate investment sector.
• MHC Investment Joint Stock Companyaffiliated companyStrategic or Co-development PartnerFormerly Marina Investment LLC. MHC holds 39.6% ownership stake. Charter capital of 495 billion VND. Main activities include financial consulting, investment consulting, management consulting, warehousing, real estate business, entertainment, and food wholesale.

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• FLC Group JSC: HOSE-listed Vietnamese holding company historically focused on real estate, aviation, and tourism. Comparable to MHC as a Vietnamese listed holding combining real estate operations with diversified equity investments.
• Vietnam Infrastructure and Industrial Investment JSC (CII): HOSE-listed Vietnamese holding company focused on infrastructure and industrial investments. Comparable to MHC as a Vietnamese listed investment holding vehicle deploying capital into long-dated real-asset projects.
• Becamex IDC (BCM): HOSE-listed Vietnamese holding company with industrial-park and real estate operations. Comparable to MHC as a Vietnamese listed holding combining real estate operational activity with broader investment activities.
• PXP Vietnam Fund: London-listed closed-end fund focused on Vietnamese equities and listed assets. Comparable to MHC's securities-investment approach and offers a public-market peer with a focused Vietnam-equity mandate.
• Bamboo Capital Group: HOSE-listed Vietnamese holding company with diversified exposure across real estate, financial services, and renewable energy. Highly comparable to MHC as a publicly listed Vietnamese investment holding entity that invests capital across multiple sectors.
• Vinaconex (VCG): HOSE-listed Vietnamese holding company with construction, real estate, and infrastructure investments. Comparable to MHC in its publicly listed Vietnamese holding structure and material real estate operational exposure.
• VinaCapital Vietnam Opportunity Fund: London-listed closed-end fund managed by VinaCapital investing across Vietnamese listed equities and private assets. Comparable to MHC in its mandate to deploy capital across multiple Vietnamese asset classes to capture Vietnamese growth.
• Vietnam Enterprise Investments Limited (VEIL): London-listed closed-end fund managed by Dragon Capital that invests primarily in Vietnamese listed equities. Comparable to MHC's listed-securities investment approach, with the added transparency of a London listing and dedicated Vietnam-equity mandate.
• Hoang Anh Gia Lai JSC (HAG): HOSE-listed Vietnamese holding company spanning real estate, agriculture, and related services. Comparable to MHC as a diversified Vietnamese holding company listed on the same exchange with a multi-sector investment approach.

Broad incumbents

• VIX Securities JSC: HOSE-listed Vietnamese securities firm providing brokerage, dealing, and investment services across Vietnamese capital markets. Comparable as a Vietnam-listed financial-sector peer, though broader in scope than MHC's holding/investment focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 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 MHC Joint Stock Company