What Newtecons does

Newtecons is a Vietnam-based general contractor founded in 2003 (originally as F.D.C, rebranded to NEWTECONS in 2019) that delivers integrated Design & Build, MEP (Mechanical, Electrical, Plumbing), and fit-out construction services across commercial, industrial, hospitality, and public-sector project types. The firm has executed more than 150 projects nationwide and employs over 1,000 staff, with operations and warehouse infrastructure spanning the North, Central, and South regions of Vietnam. Its technical platform is anchored in BIM-Revit 3D modeling and VR-enabled site visualization, supported by ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications and a 2026 ESG10 recognition for sustainable construction practices.

The firm operates a project-based revenue model, contracting as general contractor and Design & Build partner for real-estate developers, industrial occupiers, and government entities, and supplementing this with two in-house specialty divisions — Waterproofing (established 2011) and Aluminum & Glass (established 2014) — that capture facade and envelope scope internally. Customer and partnership logos include masterise homes, Sun Group, CapitaLand, Toshin/Takashimaya, Route Inn, Becamex Tokyu, and Airports Corporation of Vietnam (ACV), with the 2023 award of a Long Thanh International Airport package marking the most strategically significant recent mandate. Founder-Chairman Nguyen Ba Duong oversees strategic direction, and General Director Vo Thanh Liem, appointed in June 2022, leads day-to-day operations. Reported FY2023 revenue is approximately 11.5 trillion VND (roughly US$458 million), placing the firm in the upper tier of Vietnam's privately held general contractors.

Name

Newtecons

Legal name

Công Ty Cổ Phần Đầu Tư Xây Dựng NEWTECONS

Website

https://newtecons.vn

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Newtecons is a Vietnam-based general contractor delivering integrated Design & Build and MEP construction services for real-estate developers, industrial clients, and government entities, with 150+ completed projects, 1,000+ staff, and FY2023 revenue of approximately 11.5 trillion VND.

Ownership category

akta.pro rank

Product category

Construction Services / General Contracting

NAICS

Engineering Services (54133), Electrical Contractors and Other Wiring Installation Contractors (238210), Glass and Glazing Contractors (23815)

SIC

Construction - Special Trade Contractors (1700), Heavy Construction Other Than Bldg Const - Contractors (1600), Services-Engineering Services (8711)

akta.pro primary industry

Design-Build / EPC General Contracting (IMAFAAAD)

akta.pro secondary industry

MEP (Mechanical, Electrical & Plumbing) Engineering Consulting (BPAHAIAE)

Keywords

• General contractor services
• Design and build construction
• MEP engineering services
• Industrial building construction
• Infrastructure construction

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. General Construction Contracting: Revenue generated through design and build general contracting services for construction projects, including structural work, MEP installation, and finishing works. Projects are typically one-time engagements with payment structures tied to project milestones.
2. MEP (Mechanical, Electrical, Plumbing) Services: Specialized mechanical, electrical, and plumbing contracting services including engineering design, equipment supply, installation, and maintenance for large-scale projects.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Newtecons is a Vietnamese general contractor that delivers integrated Design & Build construction services, full-scope building construction, and comprehensive MEP (Mechanical, Electrical, Plumbing) contracting for residential, commercial, industrial, and infrastructure projects. The company combines architectural design, structural engineering, and MEP systems installation under a single contract, supported by BIM-Revit 3D modeling, VR visualization, an extensive equipment fleet, and ISO 9001/14001/45001-certified management systems. It serves enterprise clients such as real estate developers, industrial firms, and government agencies across Vietnam.

Product overview

Newtecons operates as a comprehensive construction services provider with a multi-product portfolio centered on three core offerings: Design & Build (D&B) General Contractor Services that integrate architectural design, structural engineering, and MEP systems to deliver projects with 30% time savings; Building Construction Services covering full project lifecycle from foundation to finishing; and MEP Construction Services encompassing electrical, HVAC, plumbing, fire protection, and auxiliary systems. These core services are supported by add-on modules including HSSE (Health, Safety, Security, Environment) management systems, ISO 9001:2015 Quality Management System, and equipment/machinery services with nationwide warehouse coverage. The company serves diverse sectors including residential, commercial, industrial, and infrastructure projects across Vietnam.

Differentiator

Problem solved

Functional benefit

Products and services

• Design & Build (D&B) General Contractor Services Integrated design and construction services combining architecture, engineering, and MEP systems under a single contractor for real estate developers, industrial clients, and government agencies across Vietnam.
• Building Construction Services Full-service building construction covering foundation, basement structure, superstructure, and finishing works, delivered by experienced engineers with certified management systems for large-scale residential, commercial, and infrastructure projects.
• MEP (Mechanical, Electrical, Plumbing) Construction Services Complete MEP engineering services including electrical systems, HVAC, water supply and drainage, fire protection, and auxiliary systems (wastewater treatment, RO water, compressed air, boilers) for industrial, commercial, and residential projects in Vietnam.

Quantifiable outcome

• 30% reduction in construction time through Design & Build model
• +5 more outcomes

Named customers10 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

Feature4 records

Partnerships

15 partnerships are on record, tiered core and minor.

• Sun GroupcoreStrategic or Co-development Partner · 1 January 2025Partnership for major urban development including Blanca City (96.6 ha, 37,000 billion VND investment) and Hoa Xuan Riverside Eco-Urban Area. Sun Group is a leading Vietnamese conglomerate in tourism and real estate.
• Five Star GroupcoreStrategic or Co-development Partner · 1 January 2025Design & Build partnership for Five Star Poseidon project (43 floors, 300+ hotel rooms, 1,000+ apartments) with total investment exceeding 10,000 billion VND in Vung Tau.
• Toshin Development (Takashimaya Group)coreStrategic or Co-development Partner · 1 January 2025Partnership with Japanese developer for Westlake Square Hanoi (43,000 m2 commercial and office complex). Project targets LEED Platinum certification - one of few in Vietnam to achieve this standard.
• Nam LongcoreStrategic or Co-development Partner · 1 January 2025Long-standing partnership with Nam Long for Mizuki Park township (26 ha). Newtecons has delivered multiple phases including Waterpoint, CCTM3, CC6789, and now Trellia Cove compound. Also partnered with Hankyu Hanshin Properties and Nishi Nippon Railroad.
• Route Inn Group (Japan)coreStrategic or Co-development Partner · 1 January 2025Partnership with Japanese hotel group for Route Inn Hai Phong - 5-star hotel project (30 floors, 343 rooms). Project follows Japanese technical standards and is one of 12 priority projects celebrating Hai Phong's 70th liberation anniversary.
• CapitaLand Development VietnamcoreStrategic or Co-development Partner · 1 January 2024Partnership with international developer for Lumi Hanoi project (over 210,000 m2) and The Senique Hanoi (2,000+ apartments). Projects target EDGE and LEED certifications with strict international quality standards.
• Quoc Quang Acoustic VietnamcoreStrategic or Co-development Partner · 1 January 2024Partnership for Quoc Quang 2 Factory - 206,000 m2 industrial project completed in just 6 months. Featured advanced MEP systems with 100+ chillers and anti-static vinyl flooring.
• ACV (Airports Corporation of Vietnam)coreStrategic or Co-development Partner · 1 January 2023Major partnership for Long Thanh International Airport - Vietnam's century project. Newtecons awarded main construction contract for passenger terminal. Project spans 5,000 hectares with capacity for 25 million passengers annually, scheduled for completion 2026.
• An Gia GroupcoreStrategic or Co-development Partner · 1 January 2019Partnership with An Gia Group for The Song project - Vietnam's first 5-star tourism apartment complex in Vung Tau. Newtecons served as Design & Construction General Contractor, delivering over 1,500 apartments and winning dual Vietnam Property Awards 2019.
• BTMJR Investment (Becamex Tokyu)coreStrategic or Co-development Partner · 1 January 2019Joint venture with Japanese partner for Sora Gardens II project - 24 floors, 90,000 m2 residential development. Project achieved 500,000 safe man-hours and was completed to Japanese quality standards.
• Masterise HomescoreStrategic or Co-development PartnerMajor real estate developer partnership for residential complexes. Newtecons has served as main contractor for Grand Marina Saigon (Marriott-branded luxury apartments) and continues to work on multiple Masterise developments including Masteri projects. The partnership has produced landmark projects including branded residences with international hotel operators.
• BWID (Industrial Development)coreStrategic or Co-development PartnerStrategic partnership for industrial development projects. BWID planned to develop 1 million m2 of factory space in 2022, with Newtecons as trusted main contractor leading to continued collaboration on multiple industrial projects.
• T&T GroupcoreStrategic or Co-development PartnerPartnership with major Vietnamese conglomerate for various projects including T&T City Millennia and urban developments. Collaboration continues across multiple property developments in southern Vietnam.
• TechcombankminorStrategic or Co-development PartnerConstruction partnership for Saigon Techcombank Tower - iconic commercial building completed in District 1, Ho Chi Minh City.
• VinGroupcoreStrategic or Co-development PartnerParticipation in landmark Vinhomes projects including Vinhomes Central Park and Landmark 81 - Vietnam's tallest building. Scope included elevator core and steel structure work.

Scale indicators7 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Ricons Construction Investment JSC: Vietnamese design-build general contractor with strong residential and commercial project book, including luxury apartments and mixed-use developments. Comparable in scale, business model, and target customer base to Newtecons.
• SOL E&C (Song Da Mien Trung JSC affiliate): Vietnamese general contractor with D&B and MEP focus; notably shares Chairman Nguyen Ba Duong with Newtecons. Closely comparable operating model, scope of services, and target client base in Vietnamese real estate and infrastructure.
• Delta Construction Group: Vietnamese construction company with civil, industrial, and infrastructure project capabilities. Comparable in operating geography (nationwide Vietnam) and in serving industrial and infrastructure clients including government contracts.
• Hoa Binh Construction Group: Leading Vietnamese general contractor with similar full-service building construction and MEP capabilities across residential, commercial, and industrial segments. Competes head-to-head on many of the same large-scale tenders and developer relationships.
• Coteccons Construction Joint Stock Company: One of Vietnam's largest private general contractors, operating in Design & Build and construction management for high-rise residential, commercial, and industrial projects. Directly comparable as a top-tier Vietnamese D&B competitor with similar marquee developer clients.
• An Phong Holdings Construction: Vietnamese general contractor focused on residential towers, commercial complexes, and industrial facilities, serving similar real estate developer clients. Comparable mid-to-large scale project profile and D&B service offering.
• Central Construction JSC (Hanoi): Vietnamese general contractor with residential, commercial, and industrial building capabilities, serving similar developer clients in the Northern Vietnam market where Newtecons has a regional office. Comparable D&B business model and project scale.

Regional players

• Becamex IDC: Vietnamese industrial and urban development corporation; a Newtecons client (Becamex Tokyu Sora Gardens II) and a partner in Vietnamese industrial park development. Relevant comparable as a Vietnamese construction/development counterparty, though primarily a developer rather than pure contractor.

Broad incumbents

• Vinaconex (Vietnam Construction Import-Export JSC): Large state-linked Vietnamese construction and infrastructure conglomerate with broad civil, industrial, and real estate capabilities. Comparable in scale and project types, though with a more diversified, partially state-owned portfolio beyond pure D&B contracting.

Emerging players

• Lotte Engineering & Construction (Vietnam): Korean general contractor with significant Vietnam operations delivering high-rise commercial and residential projects. Comparable in D&B scope, technology deployment (BIM), and targeting premium Vietnamese developer clients.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC2TriOxypZZJp7uZm6PbWQQ
• Facebookfacebook.com/Newtecons.vn
• LinkedInlinkedin.com/company/newtecons

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Newtecons