Thang Long Urban Development & Construction Investment

What Thang Long Urban Development & Construction Investment does

Thang Long Urban Development & Construction Investment JSC (HOSE: TLD, trading as Thăng Long Deco) is a Hanoi-based Vietnamese public joint-stock company established on 21 September 2000, originally as Ngoc Ha Trading Construction LLC. It operates an integrated construction and urban development business combining civil, industrial, transportation, and irrigation construction services; manufacturing of construction formwork materials (film-faced plywood in 12mm/15mm/18mm thicknesses, bamboo plywood, and red-glue-coated formwork plywood); rental of construction machinery (pile drivers, road rollers, bulldozers, excavators); and direct investment in industrial cluster and craft village infrastructure in suburban Hanoi districts.

The company's customer base is concentrated in Vietnam's public sector, with district-level project management boards (Ban QLDA) and government agencies across at least eight Hanoi districts (Đan Phượng, Mê Linh, Ba Vì, Sóc Sơn, Long Biên, Thạch Thất, Phúc Thọ, Ứng Hòa) representing the primary demand channel. Commercial revenue derives from construction contracts (one-time project licensing), plywood and construction materials sales (hardware sales), machinery rental (transaction fees), and industrial zone infrastructure investment (professional services). Pricing is contact-based and not publicly disclosed; go-to-market is sales-led via direct project bidding and government procurement processes.

FY2025 audited disclosures indicate revenue of approximately 25.3 trillion VND (~$1.0B), up from 22.3 trillion VND in 2024 and 13.6 trillion VND in 2023, with net income of 2.5 trillion VND, 0.55 trillion VND, and 0.20 trillion VND respectively. The company is led by Chairman Nguyễn An Ngọc and CEO/General Director Phạm Văn Tuyến, with 101–250 employees and a headquarters in Liên Trung Commune, Đan Phượng District, Hanoi.

Name

Thang Long Urban Development & Construction Investment

Legal name

Công ty Cổ Phần Đầu Tư Xây dựng và Phát Triển Đô thị Thăng Long

Website

https://thanglongdeco.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Thang Long Urban Development & Construction Investment JSC (HOSE: TLD) is a Hanoi-based public construction JSC providing civil, industrial, transportation, and irrigation construction services, plywood manufacturing, machinery rental, and industrial zone development primarily to government and public-sector clients across Hanoi districts.

Ownership category

akta.pro rank

Product category

Civil Engineering & Construction Services

NAICS

Construction Machinery Manufacturing (333120), Construction Machinery Manufacturing (33312)

SIC

Construction Machinery & Equip (3531), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Automotive & Heavy Manufacturing Plant Construction (IMAFADAK)

akta.pro secondary industry

Construction & Industrial Equipment Rental/Leasing (Earthmoving, Material Handling, Aerial) (TLABAHAF)

Keywords

• Construction services
• Civil engineering
• Film-faced plywood
• Infrastructure development
• Construction equipment rental

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction and civil works contracts: Revenue generated from construction service contracts including civil, industrial, transportation, and irrigation construction projects. The company bids on government and institutional projects for infrastructure development across Hanoi districts.
2. Machinery and equipment leasing: Rental of construction machinery including pile driving machines, road rollers, bulldozers, and excavators to construction projects and contractors.
3. Plywood and construction materials sales: Sale of plywood products including film-faced plywood in various thicknesses (12mm, 15mm, 18mm), bamboo film-faced plywood, and red glue coated formwork plywood for construction use.
4. Industrial zone infrastructure investment: Planning, investment, and development of industrial zone and craft village infrastructure, leveraging land advantages and local labor to attract businesses and create employment in rural areas.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Thang Long Urban Development & Construction Investment (operating as Thăng Long Deco) is a Vietnamese construction and urban development company that delivers civil, industrial, transportation, and irrigation construction services. It manufactures and sells film-faced plywood products used as construction formwork, rents heavy construction machinery (pile drivers, road rollers, bulldozers, excavators), and invests in industrial cluster and craft village infrastructure development. The company's offerings span project execution, construction material supply, equipment rental, and infrastructure investment for government and institutional clients in Hanoi.

Product overview

Thang Long Urban Development & Construction Investment (Thăng Long Deco) operates as a construction and urban development company offering a portfolio of products and services. The core product line includes various types of film-faced plywood (ván ép phủ phim) in multiple thicknesses (12mm, 15mm, 18mm) used for construction formwork, along with bamboo plywood and plywood with red glue coating. The company provides construction services for civil, industrial, transportation, and irrigation projects, and operates an equipment rental division offering pile drivers, road rollers, bulldozers, and excavators. Additionally, the company invests in industrial cluster and craft village infrastructure development. The products are sold under the Thăng Long Deco brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Construction Services General construction services covering civil, industrial, transportation, and irrigation projects, including new construction, renovation, expansion, prefabricated structure assembly, and construction of roads, bridges, canals, industrial facilities, and utility infrastructure. Targeted at government agencies and institutional clients in Hanoi.

Quantifiable outcome

• Successfully bid on and executed multiple infrastructure projects across Hanoi districts (over 30 documented project announcements)

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Công ty TNHH AKATA Wood (Việt Nam)minorStrategic or Co-development Partner · 1 January 2018Notable economic contract partnership with AKATA Wood Vietnam Co., Ltd. in early 2018 for wood processing and manufacturing services, indicating a supply chain or outsourcing relationship in the wood processing sector.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Vinaconex JSC: State-affiliated Vietnamese construction and infrastructure investment group (HNX: VCG) executing large civil, transportation, and industrial projects. Comparable as a public construction services and infrastructure investment peer.
• Construction Corporation No. 1 JSC (CC1): State-owned Vietnamese construction general contractor executing civil and infrastructure projects nationwide. Comparable as a public peer competing for Vietnamese public infrastructure tenders.
• Fecon JSC: Vietnamese foundation engineering and piling specialist (HSX: FCN). Comparable given Thang Long's pile driving equipment rental offering and exposure to foundation/infrastructure works in Vietnam.
• Coteccons Construction JSC: One of Vietnam's largest private-sector construction contractors (HOSE: CTD), executing civil, industrial, and infrastructure projects. Directly comparable to Thang Long as a public Vietnamese construction company bidding on similar infrastructure and industrial zone work.
• Delta Construction Group JSC: Vietnamese construction group active in civil, industrial, and infrastructure projects. Comparable as a public construction peer of similar mid-tier scale bidding on similar project types.
• Ricons Construction Investment JSC: Vietnamese construction contractor focused on civil and industrial projects. Comparable as a public JSC competing for similar mid-tier infrastructure and building contracts in Vietnam.
• Phuong Nam Construction JSC: Vietnamese public construction company executing civil and infrastructure projects in southern Vietnam. Comparable as a regional public construction peer with similar service mix and bidding model.
• Hoa Binh Construction Group JSC: Major Vietnamese general contractor (HOSE: HBC) operating in civil, industrial, and infrastructure construction. Comparable to Thang Long in project type mix and public-market listing status, though operating at significantly larger scale.

Emerging players

• Viglacera JSC: Vietnamese construction materials manufacturer (glass, ceramics, sanitary ware, construction materials). Comparable as a Vietnamese public JSC in the construction value chain with a building materials production focus.
• An Cuong Wood Working JSC: Vietnamese wood-based panel and interior products manufacturer. Comparable to Thang Long's plywood/formwork manufacturing business line, with overlap in wood panel production for construction applications.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/facebook

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Thang Long Urban Development & Construction Investment