Công Ty CP Đầu Tư Xây Dựng 194

What Công Ty CP Đầu Tư Xây Dựng 194 does

194 Construction Investment Corporation (Tổng Công Ty Đầu Tư Xây Dựng 194) is a privately-held Vietnamese joint stock company incorporated in Ho Chi Minh City on December 30, 1994, operating across five distinct business segments under a holding-company structure with approximately 46 core employees. The company generates revenue through office leasing (194 Golden Building, an 18-story tower completed in 2008 in Binh Thanh District, and 194 South Tower, a 15-story tower operational since July 2016 in Binh Chanh District), hospitality (South Wind Hotel, a beachfront property in Phu Quoc with rooms priced from VND 550,000 to VND 1,200,000 per night), and traffic infrastructure via Build-Operate-Transfer (BOT) concessions, most notably the National Highway 1A expansion (Km1488-Km1525, 36.1km, VND 2,699 billion total investment, completed 2015) with active toll collection at the Cam Thinh station using Hungarian-licensed intelligent toll technology.

The company's technical platform centers on its licensed toll collection infrastructure, which integrates automatic vehicle recognition with Vietnam's Road Administration database, electronic toll collection (E-tag), manual lanes, and real-time violation detection. Toll fees range from VND 35,000 to VND 200,000 per passage by vehicle type. Beyond infrastructure and property, the company runs a 2,673-hectare rubber plantation in Gia Lai province (1,673 hectares mature, 1,000 hectares planting) and co-founded two joint ventures: VEC O&M (39% stake, 2010) for expressway operations and maintenance, and VEC Land (49% stake) for highway real estate development. Customers span business enterprises (office tenants including HSBC Bank), tourists (hotel guests via direct booking and OTAs Agoda and Traveloka), transportation users (highway toll payers), and commercial/residential occupants of integrated developments such as Saigon South Trading Center.

Name

Công Ty CP Đầu Tư Xây Dựng 194

Legal name

Tổng Công Ty Đầu Tư Xây Dựng 194

Website

https://194.com.vn

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

194 Construction Investment Corporation is a privately-held Vietnamese holding company operating across office leasing (194 Golden Building, 194 South Tower), hospitality (South Wind Hotel in Phu Quoc), BOT highway infrastructure (National Highway 1A), real estate, and rubber plantations, serving enterprise tenants, tourists, and government infrastructure users across Vietnam.

Ownership category

akta.pro rank

Product category

Construction & Infrastructure Investment

NAICS

Heavy and Civil Engineering Construction (237), Commercial and Institutional Building Construction (23622), Nonresidential Building Construction (2362)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), General Bldg Contractors - Nonresidential Bldgs (1540), Operative Builders (1531)

akta.pro primary industry

Office & Corporate Building Construction (IMAFACAA)

akta.pro secondary industry

Construction Management (Agency/Owner’s Rep) (IMAFAAAC)

Keywords

• Construction investment
• Office leasing
• Bot infrastructure
• Hospitality services
• Real estate development

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

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

Revenue model

1. Office Building Leasing: Rental income from 194 Golden Building (18 floors) and 194 South Tower office buildings in Ho Chi Minh City. Revenue from leasing office spaces, meeting rooms, and commercial areas.
2. Hotel Operations: Revenue from South Wind Hotel operations in Phu Quoc island, including room rentals, restaurant services, and shuttle services.
3. Traffic Infrastructure BOT: Build-Operate-Transfer (BOT) model for highway projects. Revenue from toll collection on completed projects including National Highway 1A expansion (Km1488-Km1525) and National Highway 1K projects.
4. Real Estate Development: Investment in commercial centers and residential projects including Saigon South Trading Center and rubber plantation investments.
5. Rubber Plantation & Agriculture: Exploitation, production, and trading of rubber latex from plantations in Central Highlands (Gia Lai province). Company operates 1673 hectares of mature rubber and planting 1000 hectares.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

194 Construction Investment Corporation is a Vietnamese diversified investment company that invests in, builds, and operates infrastructure and real estate assets. Its core offerings include office leasing through 194 Golden Building and 194 South Tower in Ho Chi Minh City, hotel operations at South Wind Hotel in Phu Quoc, traffic infrastructure projects under Build-Operate-Transfer (BOT) models such as National Highway 1A expansion and Cam Lam – Vinh Hao expressway, commercial real estate development (Saigon South Trading Center), and rubber plantation operations in Gia Lai province. The company serves enterprise tenants, government agencies, individual travelers, and agricultural product buyers across Vietnam.

Product overview

194 Construction Investment Corporation is a diversified Vietnamese conglomerate operating across multiple business segments. The company operates primarily as a holding structure with distinct divisions: (1) Real Estate & Office Leasing through 194 Golden Building (18-story office tower in Bình Thạnh District, HCMC) and 194 South Tower (15-story office building in Bình Chánh District), both offering commercial office spaces for rent; (2) Hospitality via South Wind Hotel on Phú Quốc island; (3) Traffic Infrastructure Investment including BOT highway projects such as the National Highway 1A expansion in Khánh Hòa and National Highway 1K renovation; (4) Co-founded joint ventures including VEC O&M (expressway operations and maintenance) and VEC Land (expressway real estate); and (5) Agricultural Operations including rubber plantation projects in Gia Lai Province. The portfolio spans construction, real estate, hospitality, transportation infrastructure, and agriculture sectors.

Differentiator

Problem solved

Functional benefit

Brands

• South Wind Hotel: Hotel operated by the company, located at 118 Tran Hung Dao st, Block 7, Duong Dong, Phu Quoc island, Kien Giang, Vietnam.
• 194 Golden Building
• 194 South Tower

Products and services

• 194 Golden Building (Office Leasing) 18-story office building with 2 basements for parking, ground floor to 14th floor office spaces, and a rooftop restaurant, located at 473 Dien Bien Phu, Ward 25, Binh Thanh District, Ho Chi Minh City. Targets domestic and foreign enterprises, banks, and corporations seeking premium office space; HSBC is among the tenants.
• 194 South Tower (Office Leasing) 15-story office building with basement parking and office floors for lease, featuring modern equipment systems, with total floor area of 14,230 m². Located on National Road 50, Binh Hung commune, Binh Chanh District, Ho Chi Minh City, targeting enterprises seeking office space in western HCMC.
• South Wind Hotel Beachfront hotel in Phu Quoc island, Kien Giang Province, offering multiple room types (Standard 18m², Superior, Twin Small 24m², Twin Big 42m²) with amenities including restaurant, airport shuttle, and proximity to Phu Quoc beach and night market. Targets tourists and families visiting Phu Quoc; bookings via direct phone, hotel website, and OTAs (Agoda, Traveloka) at 550,000–1,200,000 VND/night.
• Saigon South Trading Center (NSG) Multi-functional trade and service center in Binh Hung commune, Binh Chanh District, Ho Chi Minh City, including supermarket area, office spaces for lease, 16-story resettlement area, parking facilities, and gas station. Targets residents and businesses in the Saigon South new urban area.
• BOT National Highway 1A Expansion Project (Khanh Hoa) BOT (Build-Operate-Transfer) infrastructure project expanding National Highway 1A from Km1488 to Km1525 through Cam Lam district and Cam Ranh City, Khanh Hoa Province. Total investment of approximately VND 2,699.56 billion, 36.1 km length, financed via VND 2,354 billion SHB credit line. Revenue from toll collection at Cam Thinh station.
• BOT National Highway 1K Renovation Project BOT project for renovation and upgrade of National Highway 1K in the Dong Nai – Binh Duong – Ho Chi Minh City territory. Targets improved road infrastructure connecting Ho Chi Minh City with neighboring provinces.
• Cam Thinh Toll Station (Toll Collection) Modern toll collection station on National Highway 1A through Cam Ranh City and Cam Lam district, Khanh Hoa Province. Features intelligent management and control system with Hungarian technology for vehicle recognition, integrated with Vietnam Road Administration database. Fee rates from 35,000 VND to 200,000 VND per passage depending on vehicle type.
• Rubber Plantation (Gia Lai) Rubber plantation investment in Chu Pah district, Gia Lai Province, Central Highlands. Company operates 1,673 hectares of mature rubber and is planting 1,000 additional hectares. Targets exploitation, production, and trading of rubber latex.
• Cam Lam – Vinh Hao Expressway Section Expressway section of the North-South Eastern expressway system (Cam Lam – Vinh Hao). Invested by the company as part of its transportation infrastructure portfolio under BOT model.

Quantifiable outcome

• Reduced traffic accidents by 50% on National Highway 1A Khanh Hoa section after expansion
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• VEC O&M (Vietnam Highway Repair Management Joint Stock Company)coreStrategic or Co-development Partner · 3 March 2010Company co-founded VEC O&M with 39% capital contribution ratio, established March 3, 2010 in Hanoi. Joint venture for highway repair management and maintenance operations.
• VEC Land (Vietnam Highway Real Estate Joint Stock Company)coreStrategic or Co-development PartnerCompany co-founded VEC Land with 49% capital contribution ratio. Joint venture for highway real estate development.
• HSBCminorOthersHSBC Bank is a tenant renting office space at 194 Golden Building.
• Multiple Local PartnersminorOthersCompany collaborates with various partners including NPC-VINA, TACHIS, THIEN-KHOI, TAIKI, WE-GLOBAL, FUJI, DMC, NITORI, and others shown in partner logos section. Nature of partnerships not detailed.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Vinaconex: State-linked Vietnamese construction and infrastructure conglomerate active in highways, real estate, and hydraulic works; broader incumbent overlapping 194's diversified construction and investment portfolio.
• Becamex Infrastructure Development JSC: Vietnamese industrial real estate and infrastructure developer (Binh Duong-centric); comparable on integrated industrial/commercial real estate development and large project financing.

Regional players

• Phu Long Real Estate JSC: Ho Chi Minh City-based property developer active in residential and commercial projects; overlapping with 194's Saigon South-area commercial and resettlement developments.
• DIC Corp (Đầu tư Phát triển Xây dựng): Vietnamese real estate developer-investor with industrial parks and tourism properties; comparable to 194's diversified real estate and hotel/hospitality exposure.

Direct peers

• Hòa Bình Construction Group (HBC): Major Vietnamese general contractor delivering commercial, industrial, and infrastructure projects; comparable to 194 on the construction execution side of the business.
• Coteccons Construction (CTD): Vietnam's largest private-sector general contractor for commercial and industrial buildings; directly comparable to 194's office tower development and base-build contracting activities.
• Son Hai Group: Vietnamese BOT highway investor-operator with multiple toll road concessions; closely comparable to 194's BOT model on National Highway 1A and 1K.
• CII Corporation (CTCP Đầu tư Hạ tầng Kỹ thuật TP.HCM): One of Vietnam's leading BOT highway and infrastructure investors, directly comparable to 194's BOT toll road business (e.g., National Highway 1A and expressway participation) and office leasing exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/c%C3%B4ng-ty-cp-%C4%91%E1%BA%A7u-t%C6%B0-x%C3%A2y-d%E1%BB%B1ng-194

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Công Ty CP Đầu Tư Xây Dựng 194