BB Group

What BB Group does

BB Group is a privately-held Vietnamese multi-industry economic conglomerate founded on May 19, 2017, and headquartered at The Manor Tower in Hanoi. The group operates through 33 member companies across six core sectors: renewable energy, real estate, construction, mining, gas industry, and consumer goods, with a workforce of 2,000+ employees deployed across 30 provinces. Its core subsidiaries include BB Power Holdings (solar, wind, and hydropower projects), Tổng Công ty Xây dựng Bạch Đằng (BDCC, a 60+ year-old construction general contractor), Công ty Cổ phần BVB (beverages), Công ty Cổ phần Bất động sản Minh Điền Vital (real estate), and Công ty Cổ phần Đầu tư và Phát triển Sapa Lào Cai (Lào Cai real estate).

The group's product portfolio spans large-scale renewable energy installations (solar farms at Đầm Trà Ổ, Hồng Phong, Mỹ Sơn; wind farms in Gia Lai and Hanbaram; hydropower at Đắk Psi and Đắk Mi), premium real estate developments (The Manor Tower Lào Cai with Citadines Central Lào Cai operated by The Ascott Limited, Victoria Phan Thiet Beach Resort & Spa, BB Sapa Resort & Spa, BB Hotel Sapa, KOBI Onsen Resort Hue featuring the first Japanese-standard 9-step Onsen process in Vietnam, and My An Onsen Resort), social housing (Block B of Sa Pa project, 182 units), industrial construction services (BDCC), and consumer goods (Vital mineral water produced on Italian lines, Victoria Craft Beer German-style venues). Notable underlying capabilities include the proprietary Japanese Onsen bathing process, renewable energy expertise across three generation types, and integration of international hotel operators (Ascott, Meliá) into owned real estate.

Revenue is generated across multiple streams: one-time sales from real estate development, recurring-style revenue from energy production and gas supply, professional services fees from construction, and hardware sales from consumer goods. Distribution is primarily domestic Vietnamese through direct project sales offices, resort booking channels (web, phone, walk-in), social housing sales offices, and wholesale/retail for beverages. Pricing varies by segment, with examples including social housing at ~17.25 million VND/m² and resort packages from 1.55–2.24 million VND. Customer segments span high-net-worth individuals (premium real estate/resort), social housing buyers, industrial/utility off-takers, and government/institutional partners for energy and infrastructure projects.

Name

BB Group

Legal name

BB Group

Website

https://bbgroup.com.vn

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

BB Group is a Vietnamese privately-held multi-industry conglomerate operating 33 member companies across renewable energy, real estate, construction, mining, gas, and consumer goods sectors, serving HNW individuals, government clients, and consumers across 30 provinces.

Ownership category

akta.pro rank

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Renewable Energy: BB Power Holdings develops and operates renewable energy projects including solar, wind, and hydropower plants, generating revenue through energy production and sales
2. Real Estate Development: Development and sales of residential, commercial, and hospitality properties including The Manor Tower Lào Cai, Victoria Phan Thiet Beach Resort & Spa, and social housing projects
3. Construction Services: Tổng công ty Xây dựng Bạch Đằng provides construction services with average annual growth of 10%, contributing to government budget with nearly 500 billion VND in taxes
4. Mining Operations: Mining and mineral processing operations for domestic raw material needs
5. Consumer Goods: Production and sales of consumer goods including Vital mineral water and German craft beer brands
6. Gas Industry: Development of integrated storage-terminal-gas production plant-power plant systems for natural gas exploitation

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

BB Group is a Vietnam-based multi-industry conglomerate operating across six core sectors: renewable energy (solar, wind, hydropower projects through BB Power Holdings), real estate development (residential, hospitality, commercial, and social housing properties), construction services (Tổng Công ty Xây dựng Bạch Đằng / BDCC), mining operations, gas industry (integrated storage-terminal-gas production-power plant systems), and consumer goods (Vital mineral water and Victoria craft beer). Through 33 member companies, the group develops, builds, operates, and distributes products and services across 30 provinces in Vietnam.

Product overview

BB Group is a Vietnamese multi-industry economic conglomerate operating across six core sectors: renewable energy, real estate, construction, mining, gas industry, and consumer goods. The company manages a diverse portfolio of products and services including renewable energy projects (solar, wind, hydropower) under BB Power Holdings; real estate developments including The Manor Tower Lào Cai, Victoria Phan Thiet Beach Resort & Spa, KOBI Onsen Resort Hue, BB Sapa Resort & Spa, BB Hotel Sapa, and social housing projects; construction services through Tổng Công ty Xây dựng Bạch Đằng; consumer goods including Vital mineral water and Victoria Craft Beer. Founded in 2017, the group comprises 33 member companies.

Differentiator

Problem solved

Functional benefit

Brands

• BB Power Holdings: Subsidiary focused on renewable energy projects including solar, wind, and hydropower
• Victoria Phan Thiet Beach Resort & Spa
• KOBI Onsen Resort Hue
• BB Sapa Resort & Spa
• BB Hotel Sapa
• My An Onsen Resort
• The Manor Tower Lào Cai
• Tổng Công ty Xây dựng Bạch Đằng (BDCC)

Named customers4 records

Segments3 records

Ideal customer profiles6 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Tập đoàn The Ascott LimitedcoreStrategic or Co-development Partner · 1 July 2023International hotel and serviced residence operator managing Citadines Central Lào Cai within The Manor Tower Lào Cai. The partnership brings international standards and brand recognition, with Ascott operating in 180+ cities across 30+ countries with 117,000+ apartments.
• CTCP NDC and SirHalo (Italia)minorImplementation/ SI/ Consulting Partner · 1 July 2023Construction and interior execution contractor for The Manor Tower Lào Cai project.
• Tổng công ty xây dựng Bạch Đằng (BDCC)coreImplementation/ SI/ Consulting Partner · 1 July 2023General contractor for construction of The Manor Tower Lào Cai. Tổng công ty xây dựng Bạch Đằng is a major construction enterprise with 60+ years of history, achieving 10% annual growth and contributing nearly 500 billion VND to state budget.
• Công ty Cổ phần BVBcoreStrategic or Co-development PartnerJoint venture partner in social housing projects including Social Housing Project at Sa Pa. BVB serves as the lead member and representative of the joint venture.
• Công ty Cổ phần Bất động sản Minh Điền VitalcoreStrategic or Co-development PartnerJoint venture partner in social housing projects including Social Housing Project at Sa Pa, operated under the joint venture BVB and Minh Điền Vital.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• FLC Group: Vietnamese conglomerate historically focused on resort development and aviation — comparable as a tourism-and-real-estate conglomerate overlapping with BB Group's resort and property portfolio.
• Masan Group: Listed Vietnamese consumer-goods and retail conglomerate — comparable to BB Group's Vital mineral water and Victoria Craft Beer consumer-goods vertical and as a broader multi-industry operator.
• Vingroup: Vietnam's largest private conglomerate spanning real estate (Vinhomes), hospitality, automotive (VinFast), and retail — directly comparable as a diversified multi-industry private group competing in several of the same sectors as BB Group.
• Sovico Group: Vietnamese conglomerate with aviation (VietJet), real estate, banking, and energy interests — directly comparable as a multi-sector private group overlapping with BB Group's energy and real estate operations.
• CEO Group: Vietnamese conglomerate with resort and real estate developments — directly comparable in hospitality-led property development like BB Group's resort portfolio.
• BRG Group: Vietnamese conglomerate with hospitality (Sheraton, Hilton partnerships), real estate, golf, and banking — comparable as a multi-sector Vietnamese group with international hotel brand affiliations similar to BB Group's Ascott/Meliá tie-ups.
• Hoang Anh Gia Lai (HAGL): Vietnamese conglomerate historically in agriculture and rubber that expanded into real estate and energy — comparable as a multi-industry Vietnamese group with energy and property exposure.
• BIM Group: Vietnamese conglomerate spanning real estate, agriculture, renewable energy, and mining — closely comparable given overlap in renewables, property, and mining verticals.
• Sun Group: Vietnamese conglomerate focused on tourism resorts, premium real estate, and renewable energy — closely comparable to BB Group's hospitality, real estate, and energy verticals.

Broad incumbents

• DIC Holdings: Listed Vietnamese real estate developer with broader construction and infrastructure exposure — a broader incumbent comparable to BDCC's construction arm and BB Group's real estate development pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bbhotelsapa
• LinkedInlinkedin.com/company/bbgroupvn

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 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 BB Group