Quang Nam Transportation Construction

What Quang Nam Transportation Construction does

Quang Nam Transportation Construction Joint Stock Company (HNX: QTC) is a Vietnamese publicly listed infrastructure contractor headquartered in Tam Ky, Quang Nam Province. The company traces its origins to 1972-1973 predecessor entities (Construction Sites 1/5 and 2/9) and was equitized at the end of 2003 from the state-owned Quang Nam Road Management and Construction Company, commencing joint-stock operations on 2 January 2004 and listing on the Hanoi Stock Exchange on 16 January 2009 under ticker QTC.

The company operates five integrated service lines: (1) management, exploitation, construction and maintenance of road traffic infrastructure; (2) construction of road traffic works including highways and bridges; (3) civil, hydraulic and hydroelectric construction; (4) technical design and construction cost estimation; and (5) extraction and production of construction materials for road repair and construction. Its operational footprint covers roughly 350 km of provincial roads and 194.8 km of additional road network under its management responsibility, all within Quang Nam Province. The company employs 101-250 people and its revenue is sourced exclusively through B2B government tendering — primarily with provincial authorities.

Commercially, QTC generated 165 billion VND in revenue in 2013 (described as 7x its pre-privatization level). More recent consolidated financial statements show revenue of approximately 3,349 billion VND in FY2025 (up modestly from 2,914 billion VND in FY2024), with net income of 110 billion VND. The business model is direct government contracting with no disclosed pricing model; the company is vertically integrated through its in-house materials operations and acts as primary contractor rather than through intermediaries. SCIC (State Capital Investment Corporation) historically held a stake, and a 2026 board resolution signals an upcoming share issuance to increase charter capital.

Name

Quang Nam Transportation Construction

Legal name

Công ty Cổ phần Công trình Giao thông Vận tải Quảng Nam

Website

https://cotracoqna.vn

Company type

Public

Founded year

1972

Operating status

Operating

Headcount range

101–250 employees

Short description

Quang Nam Transportation Construction (HNX: QTC) is a Vietnamese joint-stock infrastructure contractor providing road construction, road management, civil and hydraulic works, technical design, and construction materials production — operating primarily through provincial government tenders in Quang Nam Province, Vietnam.

Ownership category

akta.pro rank

Product category

Transportation Infrastructure Construction

NAICS

Highway, Street, and Bridge Construction (23731), Heavy and Civil Engineering Construction (237), Utility System Construction (2371)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Road & Tunnel Operations/Construction Interfaces (Tolling Infrastructure, Ventilation/Fire-Life-Safety Civil Works) (IMAFAEAL)

akta.pro secondary industry

Asset Inspection, Monitoring & Digital O&M (Sensors/SHM, Drones, CMMS/EAM) (TLAJAAAK)

Keywords

• Road construction services
• Transportation infrastructure
• Civil engineering construction
• Construction materials production
• Technical design services

Headquarters

HQ city

Tam Ky

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Others

Core offering

Quang Nam Transportation Construction (QTC) is a Vietnamese infrastructure contractor providing five integrated service lines: (1) management, exploitation and maintenance of road traffic infrastructure, (2) construction of road and bridge projects, (3) civil construction including hydraulic and hydroelectric works, (4) technical design and construction cost estimation, and (5) extraction and production of construction materials for road systems.

Product overview

Quang Nam Transportation Construction (QTC) is a joint stock company offering integrated infrastructure services with five core service areas: road traffic management and maintenance, road construction, civil and hydraulic engineering construction, technical design and cost estimation, and construction materials extraction and production. The company operates primarily in Quang Nam Province, managing approximately 350 km of provincial roads and 194.8 km of additional road networks. The company was established in 2004 and listed on the Hanoi Stock Exchange (HNX) in 2009.

Differentiator

Problem solved

Functional benefit

Products and services

• Road Traffic Management, Exploitation and Maintenance Management, exploitation, construction and maintenance of road traffic infrastructure systems for provincial authorities, covering approximately 350 km of provincial roads and 194.8 km of additional road network in Quảng Nam Province.
• Road and Bridge Construction Construction of road traffic engineering projects including highways, bridges, and related infrastructure for provincial and national government clients.
• Civil and Hydraulic Construction Construction of civil works, hydraulic engineering, and hydroelectric projects for public-sector clients requiring irrigation or power infrastructure.
• Technical Design and Cost Estimation Technical design, construction cost estimation, and project planning services for construction and traffic engineering projects, supporting both internal delivery and external clients.
• Construction Materials Extraction and Production Extraction and production of construction materials used for road system repair and construction, supporting internal projects and external supply.
• Real Estate Brokerage Real estate brokerage services offered as a commercial line under the company's product/service menu.
• Construction Consulting and Supervision Consulting and construction supervision services offered as a professional service line related to the company's construction operations.

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• FECON: FECON is a Vietnam-listed infrastructure and foundation construction company active in piling, civil works, and transportation projects. Its infrastructure contracting model and exposure to government-driven projects align closely with QTC's business.
• Licogi 13: Licogi 13 is a Vietnam-listed construction company with exposure to infrastructure, industrial, and civil projects. Its participation in government-tendered infrastructure contracts and similar scale to QTC make it a relevant peer.
• Song Da Corporation: Song Da Corporation is a major Vietnamese infrastructure contractor historically tied to hydroelectric and civil engineering projects, including irrigation and water resources work. Its overlap with QTC's civil/hydraulic engineering segment makes it a comparable peer.
• Cienco 8: Cienco 8 is a Vietnam-based transportation construction company specializing in roads, bridges, and civil works. Its scale and customer base (primarily government infrastructure projects) closely mirror QTC's positioning in the Vietnamese road construction sector.
• Construction Joint Stock Corporation No. 5: Construction Joint Stock Corporation No. 5 (CC5) is a Vietnam-listed construction company active in civil, industrial, and infrastructure projects. Its general contractor model and government-tendered project pipeline make it a relevant comparable to QTC.
• Cienco 4: Cienco 4 is a Vietnam-listed transportation infrastructure construction company with comparable exposure to road, bridge, and civil engineering projects, operating under similar government tender dynamics. Its focus on national and provincial road construction makes it a directly comparable peer to QTC.
• Tasco: Tasco is a Vietnam-listed infrastructure company focused on BOT toll roads and transportation infrastructure development. Its road infrastructure focus overlaps with QTC's core road construction and management business.

Broad incumbents

• Hoa Binh Construction Group: Hoa Binh Construction Group is one of Vietnam's largest private general contractors with diversified civil, industrial, and commercial construction exposure. While broader in scope than QTC, it competes for the same pool of Vietnamese construction projects and represents a larger incumbent alternative.
• Vinaconex: Vinaconex is one of Vietnam's largest state-owned construction conglomerates with diversified exposure to civil, infrastructure, and real estate development. It operates at significantly greater scale than QTC and serves as a broad incumbent against which QTC competes on regional infrastructure tenders.

Regional players

• Vinaconex 25: Vinaconex 25 is a Vietnam-listed construction company affiliated with the Vinaconex ecosystem, operating in central and southern Vietnam on civil and infrastructure projects. Its regional overlap and Vinaconex group association make it a relevant comparable peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

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 Quang Nam Transportation Construction