Hanoi Investment General

What Hanoi Investment General does

Hanoi Investment General (Công ty cổ phần Đầu tư Tổng hợp Hà Nội, ticker SHN) is a publicly listed Vietnamese joint stock company headquartered in Hanoi, operating as a diversified conglomerate across five business segments: (1) trade and import-export of industrial and commercial goods; (2) coal warehouse, port operations, and blending/processing for thermal coal supply; (3) project development investment in real estate and infrastructure; (4) general contracting for construction and project implementation; and (5) real estate development and operations across residential, commercial, and mixed-use properties.

The company's portfolio spans real estate projects across Northern Vietnam, including An Binh City CT2 (1,963 apartments across seven high-rise buildings), New Life Tower Ha Long (900 apartments), Fishtail/Giap Bat (~819 residents), GEMEK Tower mixed-use complex (155,484 m² floor area), Hoang Lien complex in Lao Cai (507 apartments), and Lao Cai Riverside (94 townhouses). SHN's technology stack is limited to internal enterprise systems rather than customer-facing products: an E-Office electronic document management system, an HRM human resource management platform (implemented with partner IZISolution), and Fast Business Online accounting software, all deployed as part of a digital transformation initiative kick-started in September 2025 and rolled out company-wide through 2026.

SHN generates revenue through B2B enterprise contracting — project-based construction mandates (largely sourced through its Geleximco ecosystem relationship), long-term coal supply agreements (most recently a 2026-2030 contract with Dong Bac Corporation, a Ministry of Defense-affiliated entity), and direct sales of residential and commercial units through on-site sales offices. Pricing is entirely negotiated rather than published. The company is part of the Geleximco group of companies and serves project developers, industrial enterprises, energy-sector counterparties, and individual real estate buyers in Northern Vietnam.

Name

Hanoi Investment General

Legal name

Công ty cổ phần Đầu tư Tổng hợp Hà Nội

Website

https://shn.com.vn

Company type

Public

Founded year

2007

Operating status

Operating

Short description

Hanoi Investment General (SHN) is a publicly listed Vietnamese diversified conglomerate operating across trade, coal warehousing and blending, project development investment, general construction contracting, and real estate development, serving enterprise clients and residential buyers primarily in Northern Vietnam.

Ownership category

akta.pro rank

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Trade, Import-Export of Goods: SHN operates in industrial trade and services, importing and exporting goods as part of its core business activities.
2. Coal Warehouse and Processing: Warehouse storage and coal blending/processing operations. The company has signed long-term coal supply contracts with Tổng Công ty Đông Bắc for thermal coal supply.
3. Project Investment and Development: Investment in real estate and infrastructure development projects including mixed-use commercial and residential towers.
4. General Contractor for Construction: General contracting services for construction and project implementation. SHN serves as main contractor for projects like the Fishtail Building (Giap Bat, Hanoi).
5. Real Estate Operations: Development and operation of real estate projects including residential apartments, commercial complexes, and integrated service-trade-housing developments.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

SHN operates as a diversified conglomerate with five core business segments: (1) industrial trade and import-export of goods, (2) coal warehouse storage and processing/blending for thermal power supply, (3) project development investment in real estate and infrastructure, (4) general contracting for construction and project implementation, and (5) real estate operations including residential apartments and mixed-use commercial complexes. The company also maintains a labor export branch and pursues internal digital transformation initiatives.

Product overview

SHN (Công ty Cổ phần Đầu tư Tổng hợp Hà Nội) operates as a diversified investment and development company with five core business segments: (1) Trade and Import-Export of goods, (2) Coal warehouse and processing/blending operations, (3) Project development investment, (4) General contracting for construction and project implementation, and (5) Real estate. The company also undertook a digital transformation initiative launching three internal digital systems: E-Office for electronic document management, HRM for human resource management, and Fast Business Online for accounting. Notable real estate projects include the Hoang Lien Mixed-Use Complex in Lao Cai (507 apartments), Fishtail Project in Hanoi (819 residents), GEMEK Tower mixed complex, Lao Cai Riverside (94 townhouses), An Binh City CT2 (1,963 apartments across 7 towers), and New Life Tower Ha Long (900 apartments). The portfolio spans residential, commercial, and mixed-use developments across northern Vietnam.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Trade and Import-Export of Goods (Thương mại, xuất nhập khẩu hàng hóa) Trading and import-export services across industrial and commercial sectors, including construction materials, elevators, and fire doors for enterprise and trading-partner clients.
• Coal Warehouse and Processing/Blending Services (Kho cảng chế biến phối trộn than) Warehouse port operations providing coal storage, processing and blending services for thermal power and industrial buyers, backed by long-term supply agreements with state-affiliated producers.
• General Contractor for Construction and Project Implementation (Tổng thầu xây lắp, thi công, triển khai dự án) General contracting services for the construction, implementation, and execution of large-scale residential, commercial and mixed-use development projects for project developers and investors.
• Project Development Investment (Đầu tư phát triển dự án) Investment in real estate and infrastructure project development across residential, commercial, and mixed-use segments in northern Vietnam.
• Real Estate Operations (Bất động sản) Development, operation, and sale of residential apartments and commercial units within SHN-developed properties, including mixed-use service-trade-housing complexes.
• Hoang Lien Mixed-Use Complex (Dự án tổ hợp dịch vụ, thương mại kết hợp nhà ở cao tầng tại đường Hoàng Liên) Mixed-use service and commercial complex with high-rise housing on Hoang Lien street, Kim Tan ward, Lao Cai city. Features 507 apartments, 5 commercial floors, and 3 basement levels with 5-star amenities.
• Fishtail Project — Giap Bat (Dự án đuôi cá – Giáp Bát) Mixed commercial center with residential housing at Giap Bat, Hoang Mai, Hanoi. Project area 9,390m2, construction density 42.29%, 25-story tower serving approximately 819 residents, with modern elevator system, 24/7 security, and 3 basement parking levels.
• GEMEK Tower (Tòa nhà hỗn hợp HH2 – Gemek Tower) Mixed-use HH2 building project at Geleximco, Le Trong Tan. Total land area 8,295m2 with 155,484m2 floor area across 2 towers of 34 floors combining shopping mall and residential apartments.
• New Life Tower — Ha Long (New Life Tower – Hạ Long City) Luxury apartment complex in Bai Chay, Ha Long, Quang Ninh. 27-floor towers with 900 apartments on 11,392m2 land area, designed with 100% bay-view units.
• An Binh City CT2 (Khu nhà ở cao tầng CT2 – An Bình City) High-rise residential area CT2 in An Binh City. Construction area 34,636m2 with 7 high-rise buildings (21-27 floors), 1,963 apartments, and 2 connected basements totaling 57,000m2.
• Lao Cai Riverside (Lào Cai Riverside) Low-rise residential project in Binh Minh ward, Lao Cai city. Project area 9,550m2 with 94 townhouses combining residential and commercial functions.

Quantifiable outcome

• Long-term coal supply contract secured for 2026-2030 ensuring stable coal sourcing
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Tổng Công ty Đông Bắc (Dong Bac Corporation)coreStrategic or Co-development Partner · 12 December 2025SHN signed a long-term coal purchase contract with Tổng Công ty Đông Bắc (a defense-economics corporation under the Ministry of Defense, also known as Binh Doan 19) covering 2026 and the 2026-2030 period. The agreement ensures stable thermal coal supply for power generation, supporting Vietnam's energy security objectives. The partnership was formalized on December 12, 2025 at SHN's headquarters.
• Geleximco (Hanoi General Import-Export Joint Stock Company)coreStrategic or Co-development PartnerGeleximco serves as parent company and key project investor for multiple construction projects where SHN acts as main contractor. Projects include Fishtail Building (Giap Bat), GEMEK Tower (Le Trong Tan), and various residential developments. SHN is part of the Geleximco ecosystem of companies.

Scale indicators4 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Vinacomin (TKV): Vietnam's state-owned coal mining and trading giant and the dominant player in thermal coal supply. Comparable on the coal warehouse, blending and supply segment where SHN operates, though at vastly larger scale and as a producer rather than trader.

Direct peers

• Geleximco (Hanoi General Import-Export JSC): SHN is part of the Geleximco ecosystem and serves as a core construction contractor for Geleximco-originated projects (Fishtail, GEMEK Tower, An Binh City). Geleximco is a comparable diversified Vietnamese conglomerate with overlapping real estate, construction and trading activities.
• Tasco (HUT): Vietnamese investment and construction holding company with road infrastructure, real estate and services operations. Comparable diversified-investment / construction-development holding structure to SHN.
• HUD Investment & Construction JSC (HUT): Vietnamese state-affiliated developer and general contractor focused on residential and urban-development projects. Operates in the same Hanoi-centric real estate development and construction-contracting space as SHN.
• IDICO: Vietnamese state-owned infrastructure and real estate developer with construction contracting and urban-development operations. Comparable mix of infrastructure, construction and property development activities.
• Becamex IDC: Diversified Vietnamese developer of industrial zones, residential and commercial real estate, with significant general-contracting exposure. Comparable diversified-development + construction model to SHN.
• Vinaconex (VCG): Listed Vietnamese construction and real estate group with general-contracting and property development operations across Northern Vietnam. Highly comparable business mix to SHN's construction and project-development segments.
• Novaland (NVL): Large Vietnamese residential real estate developer with multi-thousand-unit apartment pipelines across major cities. Comparable end-market and unit economics to SHN's residential project pipeline, though at substantially larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Hanoi Investment General