DEOCA GROUP

What DEOCA GROUP does

DEOCA GROUP (Công ty Cổ phần Tập đoàn Đèo Cả) is a privately-held Vietnamese transportation infrastructure conglomerate founded on July 18, 1985, headquartered at 32 Thach Thị Thanh, Phường Tân Định, Ho Chi Minh City. The company invests in, constructs, and operates expressways, tunnels, and bridges across Vietnam, with revenue split approximately 81% from construction and installation, 15% from operations and toll collection, and 4% from consulting and related services. Its wholly-owned subsidiary HHV operates multiple tolled expressway segments and tunnels, including Cam Lam – Vinh Hao and Trung Luong – My Thuan.

The company's core offering is vertically integrated infrastructure delivery under its proprietary PPP++ (Public-Private Partnership++) model, in which DEOCA serves as lead investor, arranges financing, coordinates construction, and operates assets, organizing partner enterprises into "firm," "bridge," and "potential" investor tiers. Underlying technology includes a digital project management platform combining Common Data Environment (CDE), Building Information Modeling (BIM), and Digital Twin technology — reported to save approximately VND 167 billion per project via reductions in indirect personnel, machine idle time, and paper costs — and a patented tunnel construction method that cuts build time on a 3.2+ km tunnel from 1,260 to ~990 days. The 2026 system revenue target is VND 21,660 billion (27% growth YoY), with the construction segment targeting VND 17,500 billion (34% YoY) and after-tax profit targeted at VND 1,606 billion.

DEOCA's go-to-market is entirely Business-to-Government, with customers including the Ministry of Transport, the Ministry of Construction, and provincial People's Committees of Cao Bang, Dong Thap, and Lang Son. Distribution runs through competitive tenders for public investment projects and direct PPP negotiations. For the 2026-2030 period, the company targets approximately VND 200,000 billion in workload participation as both PPP investor and construction contractor, while expanding into high-speed rail, urban rail, and — most recently — the education sector through the Nghia Tru High School project, with a stated intent to eventually enter international markets.

Name

DEOCA GROUP

Legal name

Công ty Cổ phần Tập đoàn Đèo Cả

Website

https://deoca.vn

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

51–100 employees

Short description

DEOCA GROUP is a Vietnamese transportation infrastructure conglomerate that invests in, constructs, and operates expressways, tunnels, and bridges under a proprietary PPP++ model, serving government clients nationwide with vertically integrated delivery from financing through toll collection.

Ownership category

akta.pro rank

Product category

Highway and Tunnel Infrastructure Construction

NAICS

Utility System Construction (2371)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)

akta.pro secondary industry

Real Assets — Social Infrastructure / PPP (Schools, Hospitals, Government Facilities) (FSAHAIAH)

Keywords

• Transport infrastructure construction
• Expressway construction
• Tunnel construction
• Public-private partnerships
• Toll road operations

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices4 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. Construction and Installation (Xây lắp): Construction and installation services for transport infrastructure projects including expressways, tunnels, and bridges. This is the primary revenue stream, accounting for approximately 81% of total revenue. The 2026 construction output target is over VND 17,800 billion with revenue of approximately VND 17,500 billion (34% growth YoY).
2. Operations and Toll Collection (Vận hành và thu phí): Operation and toll collection services for completed expressways and tunnels under management. This stream accounts for approximately 15% of total revenue. DEOCA operates multiple expressway segments and tunnel facilities across Vietnam through its subsidiary HHV.
3. Consulting, Survey, Design, and Other Services: Survey, consulting, design, and other professional services related to transport infrastructure. This stream accounts for approximately 4% of total revenue.
4. PPP Investment Returns: Returns from investments in Public-Private Partnership projects where DEOCA serves as lead investor, encompassing investment preparation, construction organization, and long-term operation management.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

DEOCA Group is a Vietnamese transportation infrastructure conglomerate that invests in, constructs, and operates expressways, tunnels, and bridges. It serves as lead investor and EPC contractor in Public-Private Partnership (PPP) projects under its proprietary PPP++ model, and as main contractor or subcontractor in public investment projects, with construction contributing ~81% of revenue, operations and toll collection ~15%, and consulting/design services ~4%.

Product overview

DEOCA GROUP is a Vietnamese transportation infrastructure conglomerate primarily engaged in the investment, construction, and operation of highways, tunnels, and bridges. The company operates through its subsidiary HHV (Deoca Transportation Infrastructure Investment Joint Stock Company) and has developed proprietary management models including the PPP++ partnership model. The company also implements digital transformation technologies such as BIM, Digital Twin, and CDE platforms for project management. DEOCA GROUP's core business is infrastructure construction rather than technology product development.

Differentiator

Problem solved

Functional benefit

Brands

• HHV: DEOCA Transportation Infrastructure Investment Joint Stock Company - subsidiary focused on transportation infrastructure investment and operation

Products and services

• Expressway Construction and Installation Services

Quantifiable outcome

• Tunnel construction time reduced from 1,260 days to approximately 990 days for the Bình Đê tunnel (3.2+ km), representing a ~21% reduction
• +6 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Trường Đại học Thủy lợicoreStrategic or Co-development Partner · 24 June 2026Partnership agreement signed to promote training closely linked with practical needs of the transport infrastructure sector. Cooperation covers curriculum development, student internships, and industry-specific training programs.
• Trường Đại học Công nghệ - Đại học Quốc gia Hà Nội (VNU-UET)coreStrategic or Co-development Partner · 10 June 2026MOU signed on June 10, 2026, between DEOCA Group and VNU-UET to build a practice-oriented workforce model for transport infrastructure. Cooperation covers short-term, medium-term, and long-term training, technology transfer, capacity building, and R&D for new disciplines such as road tunnel management, expressway operation, and rail. Programs include scholarships, career fairs, internships, enterprise semesters, and recruitment connections.
• IHI Group (Japan)coreTechnology or Integration · 16 January 2026Concretized cooperation with IHI Group from Japan, likely in the area of technology transfer and joint development for infrastructure projects.
• SAFI Services Joint Stock CompanyminorStrategic or Co-development Partner · 9 January 2026Partnership with SAFI to deliver first aid training to over 70 DEOCA employees in Hanoi and Ho Chi Minh City offices, based on American Heart Association (AHA) standards. Training covered CPR, AED usage, and emergency response for common health conditions.
• Trường Đại học Giao thông Vận tải TP.HCM (UTH)coreStrategic or Co-development Partner · 28 December 2025DEOCA collaborated with UTH to deliver the Railway-Metro Construction training program. First cohort of engineers graduated in December 2025, with experts from China, Japan, and Singapore providing instruction. DEOCA provides 100% tuition sponsorship for employee children attending UTH in transport infrastructure disciplines, with guaranteed employment at DEOCA upon graduation.
• Trường Đại học Xây dựng Miền Tây (MTU)coreStrategic or Co-development Partner · 13 August 2025Partnership agreement signed between DEOCA and MTU to strengthen workforce development. MTU students participate in internships and practical training at DEOCA project sites including the Dai Ngai 1 Bridge, TP.HCM - Long Thanh and TP.HCM - Trung Luong - My Thuan expressway expansions.
• Tập đoàn 568 (568 Investment Construction Group)coreStrategic or Co-development Partner568 Group has accompanied DEOCA for nearly 10 years, growing from annual revenue of VND 500-700 billion to over VND 3,000 billion in 2025. 568 has evolved from subcontractor to investor role, participating in key projects under DEOCA's ecosystem. 568 represents the PPP++ model's 'potential investor' category growing into 'firm investor'.
• Công ty CP Thiết bị và Dịch vụ TCEminorStrategic or Co-development PartnerTCE Equipment and Services JSC has partnered with DEOCA, providing skilled labor through its own training programs for crane operators and drill operators (~400 personnel trained). TCE participates in industry forums organized by DEOCA.
• Quân khu 1 (Military Region 1)coreStrategic or Co-development PartnerMilitary Region 1 collaborated with DEOCA and Central Transport College No. 1 to provide road roller operation training to soldiers deployed to the Dong Dang - Tra Linh Expressway project. Over 1,457 soldiers participated, contributing over 25,000 working days, completing over 40,000 m² of base reinforcement, finishing 10 bridges, and constructing over 6 km of road work items.
• Trường Cao đẳng Giao thông Vận tải Trung ương 1 (GTVT TW1)coreStrategic or Co-development PartnerCooperation with Central Transport College No. 1 to provide vocational training for military personnel deployed to infrastructure projects. Training covers road roller operation, construction equipment, and technical skills for expressway construction.
• Công ty CP Xây lắp 368coreStrategic or Co-development Partner368 Construction JSC represents the 'potential investor' category in DEOCA's PPP++ ecosystem. The company has grown alongside DEOCA's projects and participates in major transport infrastructure contracts.
• Công ty CP Xây lắp Thương mại DeltaminorStrategic or Co-development PartnerDelta Trading Construction JSC participates in DEOCA's ecosystem, benefitting from legal support, process coordination, and management capability improvements through DEOCA's governance system.
• ICV Việt Nam Investment and Construction JSCminorStrategic or Co-development PartnerICV Vietnam participates in DEOCA's railway-metro training programs. ICV engineers have graduated from the Railway-Metro Construction program and commit to long-term partnership with DEOCA.
• HHV - Công ty cổ phần Đầu tư hạ tầng giao thông Đèo CảcoreStrategic or Co-development PartnerHHV is DEOCA Group's subsidiary focused on transport infrastructure investment. HHV operates and tolls multiple expressway segments including Cam Lam - Vinh Hao and Trung Luong - My Thuan. HHV received a Certificate of Merit from the Prime Minister in 2025.

Scale indicators15 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Song Da Corporation: Long-established Vietnamese construction and infrastructure group with deep experience in hydropower, road, and bridge projects. Comparable to DEOCA in scope of civil infrastructure, government customer base, and PPP/hybrid project delivery.
• Vinaconex (VCG): One of Vietnam's largest state-owned construction and infrastructure groups. Directly comparable to DEOCA as a competitor for Vietnamese transport infrastructure (expressways, bridges, urban infrastructure) tenders and PPP projects, with overlapping customer base of central and provincial government entities.
• Becamex IDC: Vietnamese industrial and infrastructure developer active in Bình Dương and broader southern Vietnam. Comparable to DEOCA as a large-scale private investor-developer in transport-adjacent infrastructure (industrial parks, urban infrastructure, expressway-linked projects).
• Hoa Binh Construction Group (HBC): Major Vietnamese general contractor with growing infrastructure exposure. Competes with DEOCA on civil and infrastructure tenders across Vietnam, including public investment projects and PPP packages, with overlapping subcontractor ecosystems.
• Sun Group: Private Vietnamese conglomerate with a major infrastructure and PPP investment arm (roads, airports, urban zones) and overlapping business model of equity-led infrastructure development plus construction. Closest private-sector analogue to DEOCA's PPP++ investor-plus-builder model.
• Cienco 4 (C4G): Vietnamese transportation construction specialist (CIENCO 4 Group) focused on expressways, bridges, and road infrastructure under the Ministry of Transport. Direct competitor to DEOCA for national expressway construction packages and PPP road projects.

Broad incumbents

• China Communications Construction Company (CCCC): Global infrastructure heavyweight active across expressway, bridge, and tunnel construction plus PPP investment. Comparable to DEOCA as a vertically integrated transport-infrastructure investor-constructor, though at vastly larger scale and with established international footprint relevant to DEOCA's stated overseas ambitions.

Regional players

• Waskita Karya: Indonesian state-owned construction and infrastructure investor with significant expressway and PPP exposure. Comparable to DEOCA in transport-infrastructure PPP delivery model and government-anchored project pipeline, though currently undergoing restructuring.
• Gamuda Berhad: Malaysian infrastructure and property group with strong PPP/expressway/tunnel credentials (e.g., SMART tunnel). Closest regional analogue to DEOCA's PPP investor-plus-tunnel-constructor model in Southeast Asia.
• Petrovietnam Construction (PVX): Vietnamese state-owned construction arm of Petrovietnam with heavy civil and pipeline capabilities. Comparable to DEOCA in heavy infrastructure construction methodology and government-anchored demand, though concentrated in energy-sector projects rather than transport PPP.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@tapdoandeoca
• Facebookfacebook.com/tapdoandeoca
• LinkedInlinkedin.com/company/deocagroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

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 DEOCA GROUP