CC1

What CC1 does

CC1 (Tổng Công ty Xây dựng Số 1 – CTCP, formerly Construction Corporation No. 1) is a Vietnam-based, publicly listed construction and investment conglomerate founded in 1979 and headquartered in Ho Chi Minh City. It operates six integrated business lines: construction and EPC services (civil, industrial, infrastructure, and energy projects including thermal, hydro, and solar power plants); investment under BOT, BT, BOO, and PPP models in energy, transport, and real estate; manufacturing and trading of construction materials (steel structures, concrete products, ready-mix concrete, aggregates, and limestone, with 144 MW of captive electricity generation); real estate development of urban areas, industrial zones, and commercial properties; import-export and logistics services; and design and construction consultancy. The company is a dominant Southern Vietnam energy construction contractor, with projects it has delivered contributing 22+ billion kWh annually to the national grid, and serves primarily state-owned and government clients including Electricity of Vietnam (EVN), Airports Corporation of Vietnam (ACV), provincial people's committees, SHB Bank, and PPC.

The company's technology footprint centers on traditional construction engineering and EPC delivery rather than software; notable recent moves include the adoption of UAV and robotics for digital construction site monitoring (Dong Nai, May 2026) and the kickoff of a group-wide Data Warehouse and Level-3 Management Reporting system (May 2026), signaling a transition toward digitalized project execution. CC1 has historically been a state-owned enterprise, was equitized into a joint-stock company in 2016, and became fully private after the Ministry of Construction divested all state capital in 2020. It maintains a workforce of 10,000+ employees, including 1,000+ qualified engineers and managers, supported by long-standing technology-transfer partnerships with Japanese contractors (Mitsubishi Heavy Industries, Toa, Shimizu, JGC, Taisei) and more recent agreements with Korean and Chinese partners (Cheil Engineering, PowerChina).

CC1's business model combines one-time construction and installation contracts (as Owner, EPC Contractor, Main Contractor, or Subcontractor) with longer-duration revenue from investment projects (BOT/BT/PPP), real estate trading, building materials sales, and professional design/consultancy services. Distribution is direct via government tenders and private negotiation, executed through a nationwide network of regional branches and 16+ subsidiaries. Pricing is project-specific and not publicly disclosed; individual mega-project values are substantial (e.g., Quang Trach 1 Thermal Power Plant at nearly 30,240 billion VND). The company monetizes energy projects both as a fee-based contractor and as an equity investor, while also cross-subsidizing construction demand through its in-house building materials production. Q1/2026 revenue reached 2,290 billion VND (+62% YoY), against a backlog exceeding 50,000 billion VND, indicating strong forward momentum.

Name

CC1

Legal name

Tổng Công ty Xây dựng Số 1 – CTCP

Website

https://cc1.vn

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

CC1 is a Vietnam-based, publicly listed construction and investment conglomerate (founded 1979) delivering civil, industrial, infrastructure, and energy EPC projects, investing under BOT/BT/PPP models, manufacturing building materials, and developing real estate primarily for Vietnamese government, state-owned, and large enterprise clients.

Ownership category

akta.pro rank

Product category

Engineering & Construction Services

NAICS

Heavy and Civil Engineering Construction (237), Nonresidential Building Construction (2362), Power and Communication Line and Related Structures Construction (237130)

SIC

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

akta.pro primary industry

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

akta.pro secondary industries

Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)

Keywords

• Construction services
• EPC contracting
• Building materials manufacturing
• Infrastructure investment
• Real estate development

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices6 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 Contracts: Revenue from construction and installation of civil, industrial, infrastructure, and energy projects as main contractor, EPC contractor, or subcontractor.
2. Investment (BOT, BT, PPP): Revenue from investing in and developing projects under BOT (Build-Operate-Transfer), BT (Build-Transfer), BOO, and PPP models in energy, transport, and real estate sectors.
3. Real Estate Trading: Revenue from investing in and trading real estate including new urban areas, industrial zones, commercial centers, and residential projects.
4. Building Material Production and Trading: Revenue from manufacturing and trading construction materials including steel structures (18,000 tons/year), concrete poles (17,000 units/year), concrete piles (840,000 m/year), ready-mixed concrete (500,000 m3/year), construction stones (400,000-450,000 m3/year), limestone for cement (10-11 million tons/year), and electricity (144 MW capacity).
5. Import-Export Services: Revenue from import-export services including entrusted import-export, banking transactions, international payments, shipping, and delivery at ports and construction sites. Main export products include steel ingots, clinker, ash for cement production, chemicals, construction equipment, and agricultural products.
6. Design Consultancy Services: Revenue from investment project preparation, design consultancy, technical design, construction supervision, and construction method consultancy services.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

CC1 is a Vietnamese construction corporation that delivers construction and installation services for civil, industrial, infrastructure, and energy projects as Owner, EPC Contractor, Main Contractor, or Subcontractor, including thermal power plants, hydropower plants, solar facilities, expressways, bridges, and high-rise buildings. The company also invests in energy, transport, and real estate projects under BOT/BT/BOO/PPP models, manufactures building materials, develops and trades real estate, and provides design consultancy and import-export services.

Product overview

CC1 (Tổng Công ty Xây dựng Số 1 – CTCP) is a multi-disciplinary construction corporation offering an integrated portfolio of services. The core offerings consist of Construction Services (civil, industrial, infrastructure, and energy projects), Investment Services (BT, BOT, BOO, PPP models), Manufacturing & Trading of Construction Materials (steel structures, concrete products, ready-mix concrete, aggregates, limestone), Real Estate Trading, Import & Export Services, and Design Consultancy. Supporting these, CC1 also operates specialized technology-enabled solutions including Data Warehouse & Management Reporting (level 3 management reporting) and Digital Construction Site Solutions using UAV and robotics. The company operates through a network of subsidiaries and affiliated companies spanning construction, manufacturing, real estate, and investment sectors across Vietnam.

Differentiator

Problem solved

Functional benefit

Products and services

• Construction Services Construction and installation of civil, industrial, infrastructure, and energy projects including hydropower plants, thermal power plants, solar energy facilities, bridges, expressways, and high-rise buildings. CC1 serves as Owner, EPC Contractor, Main Contractor, or Subcontractor on these projects, with current operations spanning approximately 70 active project packages nationwide for government, state-owned, and private clients.
• Investment Services (BOT/BT/BOO/PPP) Investment services in energy, transportation, and civil projects under BT (Build-Transfer), BOT (Build-Operate-Transfer), BOO (Build-Own-Operate), and PPP (Public-Private Partnership) models, including project ownership and development. CC1 invests its own capital alongside banking partners and earns returns through long-term contracts and operational revenues.
• Manufacturing & Trading of Construction Materials Production and trading of construction materials including steel structures (18,000 tons/year), concrete poles (17,000 units/year), concrete piles (840,000 m/year), ready-mix concrete (500,000 m3/year), construction stones (400,000-450,000 m3/year), limestone for cement plants (10-11 million tons/year), and electricity generation (144 MW capacity). Sold to internal project sites and external customers.
• Real Estate Trading Real estate investment and development including new urban areas, industrial zones, high-tech zones, residential and office rentals, resorts, entertainment venues, shopping centers, and hotels. Products are sold or leased to end users and corporate tenants.
• Import & Export Services Import and export services including commissioned import/export, banking transactions, international payments, chartering, and port delivery. Major export items include steel billets, clinker, fly ash for cement production, chemicals, construction materials, agricultural products, food, garments, and handicrafts.
• Design Consultancy Consultancy services including project investment planning, concept and basic design, technical design, construction design, technical drawing preparation, construction method design (deep excavation/walls), foundation treatment, and construction supervision. Performed by a design consultancy department of approximately 30 permanent staff plus seasonal collaborators for internal projects and external clients.

Quantifiable outcome

• 22+ billion kWh of electricity contributed to national grid annually
• +2 more outcomes

Named customers6 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

Seven partnerships are on record, tiered core and minor.

• SHB Bank (Saigon Hanoi Commercial Joint Stock Bank)coreStrategic or Co-development Partner · 4 July 2026CC1 is the contractor for SHB's Office Building project at 41-43-45 Pasteur, Ho Chi Minh City. The project spans 6,936 m² with 13 floors, 3 basements, and 1 tum, targeting LOTUS Platinum certification - the highest green building standard in Vietnam.
• Cheil Engineering (South Korea)coreStrategic or Co-development Partner · 29 June 2026CC1 and Cheil Engineering signed an MOU on June 29, 2026, to explore cooperation in green energy, renewable energy, and environmentally friendly industrial projects. The partnership includes potential biomass power generation projects using rice husk and green silica production projects in Vietnam.
• PPC (Phả Lại Thermal Power Joint Stock Company)coreStrategic or Co-development Partner · 16 June 2026CC1 and PPC signed MOU to research investment in thermal power projects with total capacity of approximately 2,000MW at existing PPC sites in Hai Phong. The 24-month feasibility study aims to establish a joint venture for project development.
• PowerChinaminorStrategic or Co-development Partner · 4 June 2026CC1 met with PowerChina representatives to explore cooperation opportunities in infrastructure and energy projects. The meeting focused on potential collaboration in transport infrastructure and energy sector developments.
• Dai Ngai Industrial Park Company LimitedcoreStrategic or Co-development Partner · 1 January 2024CC1 holds 48% stake in Dai Ngai Industrial Park Company Limited, which is developing the 196-hectare Dai Ngai Industrial Park in Can Tho with investment of over 2,915 billion VND.
• International Partners (Japan, Korea, USA, China)minorStrategic or Co-development PartnerCC1 maintains cooperation relationships with international partners from Japan, Korea, USA, and China for technology transfer, project implementation, and knowledge exchange in construction and energy sectors.
• Mitsubishi Heavy Industries, Toa Corporation, Shimizu, JGC, Taisei (Japan)minorStrategic or Co-development PartnerCC1 has cooperated with major Japanese contractors including Mitsubishi Heavy Industries, Toa Corporation, Shimizu, JGC, and Taisei on various construction projects, gaining expertise and professional management skills.

Scale indicators8 records

Recent moves12 records

Expansion highlights6 records

Broad incumbents

• Taisei Corporation: Large Japanese EPC contractor that has partnered with CC1 on Vietnam projects. Comparable in scale to the largest international competitors CC1 encounters in domestic tenders.
• Shimizu Corporation: Major Japanese general contractor with established Vietnam presence and a documented partnership with CC1. Competes with CC1 on large industrial and infrastructure projects while also serving as a collaborator.
• Hyundai Engineering & Construction: Large Korean EPC contractor actively bidding on Vietnam's largest infrastructure and energy projects. Represents the international competition CC1 faces on mega-tenders like Long Thanh Airport and major thermal power.
• PowerChina: Chinese state-owned global EPC major in power, hydro, and infrastructure. Already an active CC1 partner and broader competitor across Vietnam's energy and transport build-out.

Emerging players

• Daewoo Engineering & Construction: Korean EPC firm active in Vietnam's energy and infrastructure sectors. Comparable to CC1 in pursuing thermal power and large-scale EPC opportunities, particularly under Korean-financed packages.

Direct peers

• Song Da Corporation: Vietnamese state-owned EPC contractor with deep hydropower and infrastructure heritage. Closest direct peer to CC1 in energy-related construction, particularly hydro and civil works.
• Hoa Binh Construction Group (HBC): Major Vietnamese general contractor active in civil, industrial, and infrastructure construction. Comparable scale and customer overlap with CC1 in domestic tenders.
• Licogi 16 (LCG): Vietnamese construction and infrastructure company with comparable profile in industrial, civil, and energy projects. Competes with CC1 for mid-size EPC packages and PPP projects.
• Coteccons Construction JSC (CTD): Leading Vietnamese private general contractor focused on high-rise buildings, industrial facilities, and infrastructure. Direct competitor for nonresidential building and large private-sector projects in Vietnam.
• Vinaconex (VCG): One of Vietnam's largest state-rooted construction and infrastructure corporations. Competes with CC1 on civil, industrial, and infrastructure EPC contracts across Vietnam, with a similarly diversified portfolio spanning construction, real estate, and investment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cc1.vn
• LinkedInlinkedin.com/company/cc1vn

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries16 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 CC1