October 28, 2025 — At the National Convention Center in Hanoi, Vietnam Report JSC, in cooperation with VietNamNet, successfully hosted the ceremony announcing the PROFIT500 Ranking – Top 500 Most Profitable Companies in Vietnam 2025.
The event gathered a large number of outstanding enterprises, senior executives, economists, investors, and representatives from major media outlets, creating a formal and inspiring atmosphere that celebrated the achievements of Vietnamese businesses.
This year, CENTRAL Construction Joint Stock Company once again earned a place among Vietnam’s Top 500 Most Profitable Companies, marking the sixth consecutive year the company has received this prestigious recognition. The achievement reflects CENTRAL’s consistent efforts in maintaining robust business operations, optimizing financial performance, and pursuing sustainable development goals.
A representative from CENTRAL receives congratulatory flowers and the PROFIT500 certificate
Top 500 Most Profitable Companies in Vietnam 2025
The PROFIT500 Ranking, launched by Vietnam Report in 2017, evolved from the earlier initiative — the Top 1000 Corporate Income Tax Contributors in Vietnam. Following international standards, PROFIT500 provides a comprehensive view of corporate profitability and economic trends nationwide. The ranking evaluates companies based on multiple indicators, including pre-tax profit, total revenue, total assets, workforce size, media reputation, and growth potential, offering insights into business efficiency and the overall trajectory of Vietnam’s economy.
CENTRAL’s continued presence in the ranking underscores its strong internal capacity, stable financial foundation, and agility in adapting to economic fluctuations. This accomplishment reaffirms CENTRAL’s position as one of Vietnam’s leading and most reputable general contractors, consistently creating value and contributing positively to the country’s economic growth.
On October 7, 2025, in a ceremony held at the Vietnam National Convention Center, the Vietnam Federation of Civil Engineering Associations (VFCEA), in collaboration with Nguoi Xay Dung Magazine, hosted the prestigious “Vietnam Construction Awards 2025” and accompanying forum under the theme “Prospects and Challenges for Private Construction Enterprises in the Era of Transformation.”
Now in its second year, the Vietnam Construction Awards is quickly gaining momentum as a prominent platform for networking among intellectuals, entrepreneurs, and businesses in the construction industry. The event was chaired by Dr. Dang Viet Dung, Chairman of VFCEA; Mr. Vu Ngoc Anh, Director of the Enterprise Management Department under the Ministry of Construction; and Engineer Tong Van Nga, Vice Chairman of VFCEA; as well as representatives from government agencies, industry specialists, and the business community.
The award ceremony for the ‘Vietnam Construction Awards 2025’ and the forum on ‘Prospects and Challenges for Private Construction Enterprises in Vietnam in the Era of Transformation’ took place in a dignified and vibrant atmosphere.
Among this year’s honourees, CENTRAL Construction Joint Stock Company distinguished itself by securing three prestigious awards, recognised for excellence and leadership across core dimensions of the industry:
Top-Quality and Reputable General Contractors in Vietnam 2025
Pioneers in Social Housing Development 2025
Outstanding Enterprises in Digital Transformation (Construction Sector 2025)
These accolades mark a remarkable milestone in CENTRAL’s development journey, fully mobilizing its internal capabilities to reach new heights, setting ambitious goals and realizing them through strategic execution. To ensure sustainable development, CENTRAL has placed digital transformation at the heart of its business strategy. Beyond its commitment to delivering high-quality construction for the benefit of communities and society, the company is investing in digital systems to enhance governance, improve responsiveness, and adapt swiftly to a volatile business environment.
Mr. Vu Ngoc Anh – Director of the Enterprise Management Department under the Ministry of Construction – and Dr. Dang Viet Dung – Chairman of VFCEA – presented the award to the representative of CENTRAL Construction Joint Stock Company
Speaking at the event, Dr. Dang Viet Dung, Chairman of VFCEA, acknowledged the construction sector’s contributions despite economic headwinds: “Despite numerous challenges, the construction industry continues to play a vital role in national development. In recent years, the Government and the Ministry of Construction have introduced breakthrough policies such as the one-million social housing units program, smart urban development, BIM adoption, promotion of green materials, and digital transformation. Thanks to these initiatives, Vietnamese enterprises have not only mastered technology and improved management, but also created high-quality products capable of competing globally.”
Dr. Dang Viet Dung, Chairman of VFCEAspeaking at the event
CENTRAL is aligning closely with these national strategies by building a comprehensive digital ecosystem, incorporating platforms such as ERP, Bravo, Power BI, Office 365, Cloud Server, and e.Office, ensuring end-to-end data connectivity, transparency, and timely decision-making. In parallel, the company has implemented performance management tools like KPI frameworks and the RACI governance model—enabling precise task delegation, robust progress tracking, and alignment between day-to-day operations and long-term strategic goals.
A Pioneer in Social Housing Development
CENTRAL has also positioned itself as a pioneer in social housing development, contributing to the Government’s housing vision for low-income communities. The company’s first social housing project, Hope Residences (Long Bien, Hanoi), launched in 2018, consists of five high-rise towers with two basement levels, delivering more than 1,500 standardised apartments. More than just residential units, the project is widely recognised as a model for social housing in Hanoi, offering a full range of internal amenities including a preschool, shopping centre, community spaces, children’s playgrounds, and open green areas. This project reflects CENTRAL’s dedication to delivering humane, inclusive, and sustainable living environments for underprivileged populations.
Hope Residences – The company’s first social housing project launched in 2018
Following the success of Hope Residences, CENTRAL is further advancing its commitment through two major developments: Tien Duong 1 Project – Dong Anh, Hanoi & Vinhomes Happy Home Cam Ranh – Khanh Hoa. Located in Hanoi’s Đông Anh District and covering nearly 45 hectares with a total investment exceeding VND 9,300 billion, the Tien Duong 1 project is a large-scale social housing initiative in which CENTRAL is both a co-investor and construction contractor. The project will supply more than 3,100 social housing units, alongside comprehensive technical infrastructure, public utilities, educational institutions, and green spaces. Positioned as a flagship social housing model in Northern Hanoi, the project is expected to serve workers, civil servants, and residents in an area earmarked for development into a smart satellite city of the capital.
Project perspective of Tien Duong 1
In the southern province of Khanh Hoa, CENTRAL is spearheading construction at the Vinhomes Happy Home Cam Ranh project. Spanning over 24.5 hectares, this development will feature approximately 3,600 social housing units and integrated facilities such as schools, healthcare centres, sports zones, and recreational green spaces. This marks CENTRAL’s first social housing venture in Khanh Hoa, contributing to the province’s strategic urbanisation goals and supporting the transformation of Cam Lam–Cam Ranh into a new growth hub of Vietnam’s South Central Coast.
Project perspective of Vinhomes Happy Home Cam Ranh – Khanh Hoa
Building a Sustainable, Digitally-Driven Future
Each milestone achieved by CENTRAL reflects its vision for innovation, dedication to sustainable growth. CENTRAL continuously strengthens its governance capacity, accelerates digital transformation, and expands community value through projects that generate positive social impact.
The triple recognition at the Vietnam Construction Awards 2025 is a testament to the company’s tireless efforts in shaping a modern, resilient, and impactful construction industry. As Vietnam’s construction sector embraces the challenges of a rapidly evolving era, CENTRAL stands out not only as a symbol of quality and credibility, but also as a driving force of digital innovation and social value.
With a pioneering spirit and steadfast commitment to national development, CENTRAL continues to deliver high-value projects, create inclusive living spaces, and build an agile business ecosystem equipped for breakthrough growth in the digital age./.
In Da Nang, where CENTRAL’s iconic ‘C’ logo marks more than 10 key construction sites, the company is extending its impact beyond modern infrastructure—championing education and community welfare through meaningful social initiatives.
With a philosophy rooted in shared prosperity, CENTRAL views education as the cornerstone of a brighter future. From rural schools to areas frequently affected by natural disasters, each project the company supports carries a strong commitment to nurturing young minds and strengthening community resilience.
Spreading Kindness – Supporting Students in Need
On the morning of September 4, CENTRAL, in collaboration with partners from The Legend City project, organized a charitable event at Chi Lang Primary School. The initiative provided underprivileged students with books, uniforms, and thoughtful gifts—small tokens carrying big hopes, meant to encourage students as they face educational challenges.
A CENTRAL representative presents gifts to underprivileged students at Chi Lang Primary School, Da Nang.
School Renovation for a Sustainable Learning Environment
Continuing its efforts, CENTRAL funded the renovation of Nguyen Cong Sau Primary School in Dai Loc—a region regularly impacted by extreme weather. The project included upgraded classrooms, new functional facilities, a water well, green spaces, and a basketball court. All improvements were completed on schedule, ready for the 2025–2026 academic year.
At the school’s opening ceremony on September 5, CENTRAL officially handed over the renovated facilities. Speaking at the event, Principal Nguyen Thi Thu said: “The sponsorship has significantly improved the school’s infrastructure, meeting the demands of educational reform. It also reflects CENTRAL’s deep sense of social responsibility.”
A CENTRAL representative presents Phase 1 sponsorship to Nguyen Cong Sau Primary School.
Education as a Strategic CSR Priority
CENTRAL’s leadership affirms: “Investing in the younger generation is investing in the future.” Leveraging its strengths in construction, the company is not only rebuilding physical schools but also creating safe, modern, and inspiring learning environments.
Beyond brick and mortar, CENTRAL is laying the foundation for knowledge, dreams, and a brighter future—seamlessly integrating its core business activities with its long-term commitment to community development.
A Green and Humane Future
Looking ahead, CENTRAL pledges to expand community initiatives in all project regions. People and the environment remain at the heart of the company’s sustainable growth strategy: fostering education, building a happy workforce, and promoting green construction practices aligned with environmental protection.
“Each brick we lay represents a contribution to the economic and social development of local communities and the nation,” a CENTRAL representative emphasized.
September 29th, 2025 — During the official visit of Saudi Arabia’s Minister of Industry and Mineral Resources, H.E. Mr. Bandar Ibrahim Alkhorayef, to Vietnam, a high-level meeting was held with Vietnamese Deputy Prime Minister Bui Thanh Son. The meeting took place in a spirit of friendship and openness, reflecting the deepening political trust and shared ambition to strengthen comprehensive cooperation between the two nations. Deputy Prime Minister Sơn emphasized Vietnam’s commitment to advancing bilateral relations, creating opportunities for expanded collaboration in energy, industry, labor, trade, and particularly in construction and infrastructure.
Deputy Prime Minister Bui Thanh Son receives H.E. Mr. Bandar Ibrahim Alkhorayef, Minister of Industryand Mineral Resources of Saudi Arabia. (Source: baochinhphu.vn)
Since late 2024, Central Construction Joint Stock Company (CENTRAL) has steadily expanded beyond Vietnam’s borders, marking its presence in new international markets. In the Middle East, CENTRAL has notably taken part in the finishing works for the Sumou Twin Towers project in Jeddah, Saudi Arabia—comprising 71 and 63 floors—located in one of the most vibrant cities on the Red Sea coast. The project has earned praise from international stakeholders, underscoring CENTRAL’s capabilities, professionalism, and reputation as a Vietnamese contractor operating in one of the most demanding construction markets in the world.
At a key event held during the diplomatic visit, CENTRAL signed a Memorandum of Understanding (MOU) to cooperate on the development of two luxury hotel projects in Riyadh, Saudi Arabia. These projects are owned by THEED TOWER Company, a member of HOMOUD ALTHEEB HOLDING. The signing ceremony was witnessed by Minister Bandar Ibrahim Alkhorayef and Mr. Pham Tan Cong, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI). This MOU signifies a major milestone not only in CENTRAL’s journey toward global expansion but also in fostering stronger ties between Vietnamese and Saudi business communities, under the guidance and support of both governments.
Representative of CENTRAL, Mr. Le Van Bich – International Business Director signed MOU with Mr. Ahmed Hamoud A. Altheeb – Chairman of THEED TOWER Company
PROJECT INFORMATION:
Project name: TEMPO HOTEL BY HILTON
Location:
An Narjis, Riyadh, Saudi Arabia
Scale:
22 floors + 4 basements
Height:
77.1 m
Project perspective of the Tempo Hotel by Hilton
Project name: THE CREST COLLECTION HOTEL_By The Ascott Limited
Location:
An Nakheel, Riyadh, Saudi Arabia
Scale:
33 floors + 5 basements
Height:
143.8 m
Project perspective of The Crest Collection Hotel by The Ascott Limited
By securing its role as general contractor for these high-profile projects in the Middle East, CENTRAL once again affirms its capability as a leading Vietnamese construction firm on the global stage. The company has meticulously prepared for overseas deployment—ranging from selecting and training skilled domestic workers, mobilizing equipment and materials, to establishing efficient project management processes—to meet the rigorous standards set by international investors.
Shortly after the MOU signing, on October 2nd, 2025, Mr. Ahmed Altheeb (Chairman) and Mr. Meshal Alshammari (CEO) of THEED TOWER Company visited CENTRAL’s headquarters in Vietnam. The visit included site tours of several high-end projects executed by CENTRAL across the country.
Mr. Tran Quang Tuan, Chairman and CEO of CENTRAL welcomed Mr. Ahmed Altheeb (Chairman) and Mr. Meshal Alshammari (CEO) of THEED TOWER Company
CENTRAL’s approach—built on precision, discipline, and unwavering commitment to quality—remains its guiding principle in every project. With persistence and a global vision, the company continues to position each development as an architectural and technical landmark. These projects not only represent CENTRAL’s international ambitions but also embody the spirit of Vietnam reaching beyond its borders—delivering value, building trust, and leaving a lasting impression on the global construction landscape. As it continues to expand, CENTRAL is committed to solidifying its position, innovating with purpose, and asserting its role as a pioneering general contractor in Vietnam and the region.
CENTRAL Construction Joint Stock Company officially launched its Team Building 2025 series with the theme “Khái Phóng Nội lực”, marking the beginning of a new season of connection and renewal. The 3-day, 2-night journey (September 6–8, 2025) brought the CENTRAL family together on Phú Quốc Island, a land not only famed for its natural beauty but also home to iconic projects built by CENTRAL’s dedicated team members.
Topic Review Khai Phóng Nội Lực opened with a meaningful “return to the roots” visit to the Grand World Phú Quốc mega project—a landmark where CENTRAL’s craftsmanship has left a lasting imprint.
A key highlight of the event was the “Khai Phóng Nội Lực” Topic Review, a session that echoed the company’s guiding message for the year. In this segment, CENTRAL’s leadership team reflected on the foundational strength built over years of perseverance and innovation. They also reviewed the company’s notable breakthroughs in 2025, offering a comprehensive view of current transformations and future strategic directions. This session aimed to inspire every team member to recognize their role in CENTRAL’s evolving journey, reinforcing a shared vision of sustainable growth and collective progress.
BOD shared inTopic Review Khai Phóng Nội Lực
Beyond the strategic discussions, the program featured a series of interactive and high-energy activities designed to strengthen teamwork, foster collaboration, and deepen internal bonds. Under the vibrant hues of Phu Quoc’s famed sunset—regarded as one of the most beautiful in Vietnam—CENTRAL team members immersed themselves in moments of pure joy and camaraderie.
The event culminated in a vibrant Gala Dinner, followed by shared experiences through games, entertainment, and exploration—creating lasting memories and reaffirming CENTRAL’s culture of unity and resilience.
On September, 12th 2025, Vietnam Report, in collaboration with VietNamNet, officially announced the PROFIT500 Ranking – the list of the Top 500 Most Profitable Companies in Vietnam. CENTRAL Construction Joint Stock Company proudly secured 223rd position among private enterprises nationwide and ranked 13th in the construction sector, affirming its position among the most profitable private construction firms in the country.
Launched in 2017 as a successor to the Top 1000 Corporate Taxpayers, PROFIT500 has become a trusted “barometer” of corporate health, reflecting not only profit scale but also financial efficiency, growth potential and social responsibility (since 2010). Over nearly a decade, the ranking has evolved into a credible benchmark that highlights the resilience, strategic vision, adaptability, and growth aspirations of Vietnam’s leading companies.
With consistent, transparent, and positive financial results, CENTRAL has been honored in the PROFIT500 for six consecutive years. This recognition underscores the company’s robust financial foundation, effective corporate governance, and unwavering commitment to sustainable growth. According to Vietnam Report, the enterprises featured in PROFIT500 are recognized for their outstanding profitability, long-term stability, and vital role in the economic landscape.
CENTRAL has been honored in the PROFIT500 for six consecutive years
For CENTRAL, profitability is not merely a figure—it is the cornerstone for creating shared value and fostering social responsibility. Alongside the development of landmark projects across the country, CENTRAL actively supports the community through meaningful initiatives: renovating schools, awarding scholarships, donating educational equipment, assisting disaster-stricken communities, and championing green, energy-efficient, and environmentally friendly construction practices. Beyond economic growth, CENTRAL aspires to ensure each of its projects leaves a lasting, positive human impact, contributing to an improved quality of life for all.
Being named in the 2025 PROFIT500 ranking is both a source of pride and a reaffirmation of CENTRAL’s integrated approach—where financial strength, operational excellence, and social responsibility go hand in hand. With this solid foundation, CENTRAL remains committed to innovation, breakthrough achievements, and building enduring structures that contribute to the nation’s prosperity and cultivate sustainable values for generations to come./.
