An Phong Construction

What An Phong Construction does

An Phong Construction (Công Ty Cổ Phần Xây Dựng An Phong) is a Vietnamese private joint-stock company founded in 2006 and headquartered in Ho Chi Minh City. It operates as a main contractor (tổng thầu) providing integrated Design & Build services across industrial, commercial, infrastructure, and high-rise residential projects, alongside three adjacent business lines: equipment rental, construction material manufacturing (Beton 6 for concrete and building materials), and real estate development and management (AP Tower and Star Building office buildings totaling 180,000+ m² of leasable space). The company has scaled from 30 founding engineers to 700+ employees, delivered 100+ projects, and self-states annual revenue exceeding $150M.

The company employs BIM (Building Information Modeling), electronic construction logs, and a multi-layer inspection process for project coordination and quality control. Its go-to-market is enterprise field sales — direct bidding and negotiation with developers, investors, and project owners for large-scale main-contractor engagements. Pricing is project-based and not publicly disclosed. Customer-facing work spans main contracting for tier-1 developers (Masterise Homes, Vinhomes/Vingroup, Khang Dien, Keppel Land, CapitaLand), mission-critical technology infrastructure (VNG Data Center), financial institutions (ACB Bank), and educational institutions (HUTECH University).

The revenue model is predominantly one-time project contracts for construction and real estate development, supplemented by recurring equipment rental income and rental revenue from owned office properties. Operations are concentrated in Ho Chi Minh City with an expanding footprint across Binh Duong, Dong Nai, Long An, and several central-highland and central-coast provinces. The company maintains Vietnamese and English-language websites, runs project showcase marketing, and recruits at universities such as HUTECH. Leadership is stable, with founder-Tran The Hoan serving as Chairman and Nguyen Khac Dong as CEO.

Name

An Phong Construction

Legal name

Công Ty Cổ Phần Xây Dựng An Phong

Website

https://anphong.vn

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

An Phong Construction is a Vietnamese main contractor founded in 2006, offering integrated Design & Build services, equipment rental, construction material manufacturing (Beton 6), and real estate operations. It serves major developers, technology firms, banks, and institutions across industrial, commercial, and high-rise residential sectors in Vietnam.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

Nonresidential Building Construction (2362), Industrial Building Construction (236210), Construction Machinery Manufacturing (33312)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Concrete Products, Except Block & Brick (3272), Construction Machinery & Equip (3531), Operative Builders (1531)

akta.pro primary industry

Office & Corporate Building Construction (IMAFACAA)

akta.pro secondary industry

Automotive & Heavy Manufacturing Plant Construction (IMAFADAK)

Keywords

• General contracting services
• Design and build
• Industrial construction
• Commercial construction services
• Real estate development

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Design & Build Services: Full-service design and construction (thiết kế và thi công) contracts for industrial, commercial, and residential projects. Revenue is generated through project-based contracts with developers and property owners.
2. Equipment Rental: Rental of construction machinery and equipment to third parties, providing modern tools and machinery maintained to highest standards
3. Manufacturing: Production of construction materials including concrete and building supplies through Beton 6 facility
4. Real Estate: Real estate development, investment, and management services, including office buildings for lease such as AP Tower and Star Building

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

An Phong Construction operates as a main contractor (tổng thầu) offering end-to-end Design & Build services for industrial factories, commercial centers, high-rise residential complexes, and infrastructure projects across Vietnam. The company complements its construction business with construction equipment rental, in-house manufacturing of concrete and building materials via Beton 6, and real estate development, investment, and management including leased office buildings AP Tower and Star Building.

Product overview

An Phong Construction operates as a construction and real estate company offering four core services: Design & Build (comprehensive design and construction from planning to completion), Equipment Rental (modern construction machinery and tools), Manufacturing (high-quality construction materials including concrete), and Real Estate (property development, investment, and management). The company serves industrial, infrastructure, commercial, and residential construction projects across Vietnam.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Over 100 projects completed successfully since 2006
• +4 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered major and core.

• MACEmajorImplementation/ SI/ Consulting PartnerMACE served as the supervision consultant for the Marina Central Tower project, providing quality oversight alongside main contractor An Phong.
• Ong&Ong (Singapore)majorStrategic or Co-development PartnerSingapore-based architecture firm Ong&Ong designed several An Phong projects including The Rivana Binh Duong and Centa Park, bringing Singapore-standard design expertise.
• VNG CorporationcoreStrategic or Co-development PartnerLong-standing relationship with VNG for multiple projects including VNG Data Center (7,818 m² land, completed 2023) and VNG Campus software development center.
• Keppel Land (Singapore)coreStrategic or Co-development PartnerJoint venture with Keppel Land for Binh Trung Dong residential project (159 villas, 5.8 hectares) - international standard development.
• Masterise HomescoreStrategic or Co-development PartnerPartnership with Masterise Homes for Marina Central Tower - flagship project in Grand Marina Saigon complex, third tallest building in HCMC.
• CapitaLandcoreStrategic or Co-development PartnerCapitaLand development partner for The Sun Tower (Marina Central Tower) residential component, bringing international real estate expertise.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Central Pattana: Thailand's largest retail-property developer with construction capabilities. Comparable vertically integrated developer-contractor model, though much larger and focused on retail rather than mixed-use.
• Kajima Corporation: Major Japanese general contractor with global operations. Relevant comparable for project execution and BIM/digital construction adoption, though far larger and operating primarily in Japan.
• Vinaconex: Major state-owned Vietnamese construction and infrastructure group with a broader portfolio spanning civil works, real estate, and industrial EPC. Competes with An Phong on larger infrastructure-tied commercial and industrial projects.

Direct peers

• Coteccons Construction Joint Stock Company: Vietnam's largest private general contractor, competing head-to-head with An Phong for major nonresidential and high-rise residential projects. Both firms serve the same Vietnamese developer client base with similar main-contractor service offerings.
• Ricons (formerly known as Ricons Construction): Vietnamese construction services company operating in industrial, commercial, and residential segments. Direct peer competing on factory and high-rise residential builds in southern Vietnam.
• Hoa Binh Construction Group: Listed Vietnamese general contractor of comparable scale to An Phong, serving commercial, residential, and industrial segments. Direct competitor on tenders for Vietnamese developer projects.
• Phuc Hung Holdings Construction: Vietnamese general contractor focused on industrial factory and commercial building construction, including Samsung-related facilities. Closely comparable in customer profile and project mix to An Phong.

Regional players

• Gamuda Berhad: Malaysian infrastructure and property group active across ASEAN. Comparable to An Phong in offering integrated design-build capabilities with property development, though operating at larger regional scale in a different country.

Others

• MACE: International construction consultancy that served as supervision consultant on An Phong's Marina Central Tower project. Ecosystem/adjacent peer rather than direct competitor.
• Beton6 (An Phong subsidiary brand): An Phong's own concrete manufacturing subsidiary, listed here as a vertical-integration peer rather than competitor — relevant for understanding An Phong's in-house material supply capability.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/an-phong-construction

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 An Phong Construction