Construction Joint Stock Company 47 (HoSE: C47)
Construction Joint Stock Company 47 (HoSE: C47) is a Vietnamese public EPC contractor founded in 1975, specializing in hydroelectric, hydraulic/irrigation, and civil/industrial construction with RCC dam and TBM tunneling capabilities, serving government, state-owned utilities, and large industrial clients across Vietnam and Laos.
- Company typePublic
- Founded1975
- HeadquartersQuy Nhon, Vietnam
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Construction Joint Stock Company 47 (HoSE: C47) does
Construction Joint Stock Company 47 (HoSE: C47) is a Vietnamese public construction contractor founded in 1975 and headquartered in Quy Nhon, Binh Dinh, with additional offices in Hanoi, Ho Chi Minh City, and Vientiane, Laos. The company executes large-scale hydroelectric, hydraulic/irrigation, and civil/industrial construction projects under EPC frameworks, with differentiated technical capabilities in RCC dam construction and TBM tunneling. Its active project portfolio spans the 124 MW Nam Neun 1 and Nam Phak hydropower projects in Laos, the Tri An and Hoa Binh hydropower expansion programs in Vietnam, the Long Thanh Airport program, the Hoa Phat Dung Quat 2 steel complex, and the Becamex Binh Dinh industrial zone.
The business model is project-based EPC contracting: revenue is generated from construction contracts awarded through competitive tenders and government procurement, with a customer base skewed toward the Government of Vietnam, state-owned utilities, and large industrial developers such as Hoa Phat and Becamex. Foreign capital partnerships — including PowerChina Guiyang on the Nam Neun 1 electromechanical scope, LHSE in Laos, INTRACO, and Vu Phong Energy Group — extend execution capacity and cross-border reach. The company is ranked in the VNR500 Top 500 (2025) and received a 50th Anniversary commendation in 2025; foreign ownership room was raised to 49% in Q1 2026, indicating a strategic opening to international equity capital as the Lao and domestic expansion projects ramp.
Construction Joint Stock Company 47 (HoSE: C47) firmographics
Firmographics- Name
- Construction Joint Stock Company 47 (HoSE: C47)
- Legal name
- Công ty Cổ phần Xây dựng 47
- Website
- https://xaydung47.vn
- Company type
- Public
- Founded year
- 1975
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Construction Joint Stock Company 47 (HoSE: C47) is a Vietnamese public EPC contractor founded in 1975, specializing in hydroelectric, hydraulic/irrigation, and civil/industrial construction with RCC dam and TBM tunneling capabilities, serving government, state-owned utilities, and large industrial clients across Vietnam and Laos.
- Ownership category
- akta.pro rank
Construction Joint Stock Company 47 (HoSE: C47) industry classification
Industry- Product category
- Heavy Civil Construction Services (Hydroelectric and Hydraulic)
- NAICS
- Heavy and Civil Engineering Construction (237)
- SIC
- Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Heavy Construction Other Than Bldg Const - Contractors (1600)
- akta.pro primary industry
- Commercial General Contracting (New Build) (IMAFAAAA)
Keywords
Where Construction Joint Stock Company 47 (HoSE: C47) is headquartered
LocationHeadquarters
- HQ city
- Quy Nhon
- HQ country
- Vietnam
- HQ region
- Asia
Offices4 records
Markets served
Construction Joint Stock Company 47 (HoSE: C47) business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Construction Services: Primary revenue from construction contracts for hydroelectric power plants, hydraulic/irrigation works, and civil/industrial construction. Revenue generated through competitive bidding on public and private infrastructure projects.
- EPC Contracts: Engineering, Procurement, and Construction contracts, particularly for international hydroelectric projects such as Nam Neun 1 in Laos
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Construction Joint Stock Company 47 (HoSE: C47) product offering
Product offeringCore offering
Construction Joint Stock Company 47 (C47) is a specialized contractor that designs and builds hydroelectric power plants, dams, reservoirs, weirs, spillways, and irrigation infrastructure using RCC dam technology and TBM tunneling. The company also executes civil and industrial building construction and provides EPC project delivery from engineering through procurement and commissioning for government and enterprise clients in Vietnam and Laos.
Product overview
C47 operates as a construction company offering a portfolio of specialized services rather than a unified software product. The core offerings include hydraulic/irrigation works construction (dams, reservoirs, weirs), hydroelectric power plant construction (including TBM tunnel technology), and civil/industrial construction. These services are supported by equipment and technology divisions. The company also provides investment services in construction and real estate sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- Hydraulic/Irrigation Works Construction
Quantifiable outcome
- Successful completion of multiple large-scale hydroelectric projects including Nam Neun 1 (124 MW in Laos)
- +1 more outcomes
Companies that use Construction Joint Stock Company 47 (HoSE: C47)
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles1 record
Construction Joint Stock Company 47 (HoSE: C47) technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Construction Joint Stock Company 47 (HoSE: C47) partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- PowerChina GuiyangcoreSigned contract for electromechanical equipment supply for Nam Neun 1 Hydropower Project. PowerChina Guiyang serves as the equipment supplier for the 124 MW hydroelectric project in Laos.
- LHSE (Lao Holding State Enterprise)coreStrategic cooperation agreement signed in February 2025 to enhance collaboration in the energy sector, with MOU formalizing partnership framework for hydropower development.
- Vũ Phong Energy GroupcoreMulti-party initiative partners for the 'Green Journey - Digital Knowledge' (Hành Trình Xanh - Tri Thức Số) project, a CSR initiative bringing digital knowledge and environmental values to highland communities. Also developed the company website and digital platforms.
- INTRACOminorTrilateral partnership for providing sanitary drinking water stations and greenhouse gas emission reduction programs, with C47 and Vũ Phong Energy Group.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Construction Joint Stock Company 47 (HoSE: C47) competitors and assessment
Company assessmentBroad incumbents
- Hoa Binh Construction Group: HoSE-listed Vietnamese construction group with civil, industrial, and commercial building exposure. Comparable as a listed mid-cap Vietnamese contractor competing for similar public infrastructure and private industrial projects.
- Vinaconex: Large Vietnamese construction and infrastructure conglomerate listed on HoSE/UPCoM with diversified civil, industrial, and real estate development activities. Comparable as a publicly listed Vietnamese general contractor pursuing state infrastructure tenders, though its portfolio is far broader than C47's hydropower focus.
- China Gezhouba Group: Major Chinese dam and hydropower EPC contractor executing large projects throughout Asia and Africa. Comparable as a global-scale hydroelectric peer C47 would compete against for international tenders.
- Power Construction Corporation of China (PowerChina): Global hydroelectric EPC incumbent with the scale, equipment manufacturing arm, and financing capacity to underwrite turnkey dam projects across Asia and Africa. Comparable as the upper bound of the competitive set C47 faces internationally, and is C47's actual equipment supplier on Nam Neun 1.
- Sinohydro: Chinese state-owned hydropower and infrastructure EPC contractor with extensive Southeast Asian and Mekong project history. Comparable to C47 in hydropower core focus but operating at materially larger scale.
Regional players
- Phuc Hung Holdings Construction JSC: HoSE-listed Vietnamese civil and industrial construction contractor. Comparable as a smaller-scale publicly listed Vietnamese contractor competing for state and industrial zone infrastructure tenders in overlapping geographies.
Direct peers
- Song Da Corporation: Vietnam's flagship hydroelectric and hydraulic construction conglomerate with a long track record of large dam and hydropower EPC projects domestically and across Southeast Asia. Directly comparable to C47 in core service line, customer base (Vietnamese state hydropower owners), and geographic footprint.
- Cienco 4 (CIENCO4): Vietnamese state-linked heavy civil contractor specializing in transport infrastructure, bridges, and hydraulic works. Comparable to C47 in heavy civil execution capabilities and reliance on Vietnamese public-sector contracts.
- Licogi (Song Da 10 / Tổng Công ty Licogi): Vietnamese construction group historically linked to the Song Da hydropower ecosystem, active in hydraulic and civil works. Closely comparable in service mix and target market to C47's hydroelectric/hydraulic portfolio.
Emerging players
- Tractebel (Engie): International engineering consultancy with a leading hydropower and dams practice. Comparable as a competing service provider for owner's-engineer and EPC engineering scope on the same hydropower projects C47 targets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Construction Joint Stock Company 47 (HoSE: C47) social profiles
Digital presenceConstruction Joint Stock Company 47 (HoSE: C47) financial estimates
Financial estimateRevenue estimate
Valuation estimate
Construction Joint Stock Company 47 (HoSE: C47) leadership team
Management profileNumber of profiles
Profiles1 record
Construction Joint Stock Company 47 (HoSE: C47) funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Construction Joint Stock Company 47 (HoSE: C47) M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Construction Joint Stock Company 47 (HoSE: C47)
What does Construction Joint Stock Company 47 (HoSE: C47) do?
Construction Joint Stock Company 47 (C47) is a specialized contractor that designs and builds hydroelectric power plants, dams, reservoirs, weirs, spillways, and irrigation infrastructure using RCC dam technology and TBM tunneling. The company also executes civil and industrial building construction and provides EPC project delivery from engineering through procurement and commissioning for government and enterprise clients in Vietnam and Laos.
Is Construction Joint Stock Company 47 (HoSE: C47) a public or private company?
Construction Joint Stock Company 47 (HoSE: C47) is a public company. It is classified as public and is currently operating.
When was Construction Joint Stock Company 47 (HoSE: C47) founded?
Construction Joint Stock Company 47 (HoSE: C47) was founded in 1975. It employs 11 to 50 people.
Where is Construction Joint Stock Company 47 (HoSE: C47) based?
Construction Joint Stock Company 47 (HoSE: C47) is headquartered in Quy Nhon, Vietnam, in the Asia region.
How does Construction Joint Stock Company 47 (HoSE: C47) make money?
Two revenue lines are on record. Construction Services are the primary driver. The others are EPC Contracts.
Who are Construction Joint Stock Company 47 (HoSE: C47)'s main competitors?
Broad incumbents on record are Hoa Binh Construction Group, Vinaconex, China Gezhouba Group, Power Construction Corporation of China (PowerChina) and Sinohydro. Phuc Hung Holdings Construction JSC is listed as a regional player. Direct peers are Song Da Corporation, Cienco 4 (CIENCO4) and Licogi (Song Da 10 / Tổng Công ty Licogi). Tractebel (Engie) is listed as an emerging player.
Does Construction Joint Stock Company 47 (HoSE: C47) have an API?
No public API is recorded for Construction Joint Stock Company 47 (HoSE: C47).
What industry is Construction Joint Stock Company 47 (HoSE: C47) in?
Construction Joint Stock Company 47 (HoSE: C47)'s product category is Heavy Civil Construction Services (Hydroelectric and Hydraulic). Its primary akta.pro industry code is IMAFAAAA, Commercial General Contracting (New Build). Its NAICS code is 237 and its SIC code is 1623.