HHV targets revenue increase of 8%, profit increase of 12%

At the congress, the Board of Directors presented and the Congress approved the 2025 business plan, plans to increase the company's charter capital; profit distribution plan, dividend payment for 2024 and profit distribution plan for 2025 along with many other contents.

Set profit target to increase by 12%

Reporting at the Congress, Mr. Ngo Truong Nam - General Director of HHV, said that in 2024, the company's consolidated revenue reached 3,308 billion VND, an increase of more than 23% over the same period and exceeding the plan by 5%; Profit after tax reached 495 billion VND, an increase of nearly 36% over the same period and exceeding the plan by 22.5%. HHV's total assets reached more than 38,900 billion VND.

On May 23, 2025, in Da Nang , Deo Ca Transport Infrastructure Investment Joint Stock Company (Stock code: HHV) held the 2025 Annual General Meeting of Shareholders.

At the Congress, the General Director of HHV also said that the problems in the projects have been and are being resolved, in which the state budget capital of 1,180 billion VND to support the Deo Ca Tunnel Project has been disbursed by the end of 2024. The problems at the La Son - Tuy Loan toll station (2,280 billion VND), Bac Giang - Lang Son expressway (4,580 billion VND) have been reported by the Ministry of Construction and the Ministry of Finance to the Government, and submitted to the National Assembly for resolution in the June 2025 session.

Regarding the 2025 business plan, HHV targets an 8% increase in revenue and a 12% increase in profit compared to 2024. Right from the first quarter, the unit recorded positive indicators with revenue reaching 735 billion VND, an increase of 6.5% over the same period. Profit after tax reached 173 billion VND, an increase of 52% compared to the first quarter of 2024 and the highest profit after tax ever.

Strong support from Resolution 68

Mr. Ho Minh Hoang, Chairman of the Board of Directors of HHV, commented that Resolution 68 of the Politburo on private economic development is a torch to light the way, a compass for enterprises in general and HHV in particular, helping the state and the private sector together look back at past problems to solve, determine what needs to be done in the present and continue to plan for the future. At the same time, it is a fulcrum for enterprises to step forward strongly, contributing to the nation's rise.

Mr. Ngo Truong Nam - General Director of Deo Ca Transport Infrastructure Investment Joint Stock Company spoke

“With a pioneering spirit and a desire to contribute in the era of national development, I believe that HHV will make the most of the “leverage” from Resolution 68, continue to maintain its position as the leading national transport infrastructure brand, taking the country’s interests as the ultimate benefit, ensuring the harmony of interests for businesses, shareholders and partners. Together, we will create many new marks for national infrastructure” – Mr. Ho Minh Hoang said.

With that pioneering spirit, Mr. Ho Minh Hoang said that on May 19, 2025, Deo Ca sent Document No. 615/2025/DCG to the Prime Minister proposing to invest in expanding some sections of the North-South expressway in the East under the PPP method. The expansion phase of the North-South expressway sections in the East, which are more than 1,100km long, if invested entirely under the PPP method, will save 152,000 billion VND for the state budget.

In order for Resolution 68 of the Politburo on private economic development to truly come into life, closely linked to the life breath of enterprises, the Chairman of HHV has summarized 5 solutions for HHV Company to implement.

Firstly, to clear the road in the field, we must clear the road of responsibility. Enterprises must proactively coordinate with ministries, branches, and associations to review and perfect the legal system, ensure consistency to shorten administrative procedures, and all parties must share responsibility with each other.

Second, knowledge creates value. Invest in people, train specialized human resources, apply digital technology, artificial intelligence (AI), BIM, etc. in business management and construction organization to reduce management costs and optimize profits.

Mr. Ho Minh Hoang - Chairman of the Board of Directors of Deo Ca Transport Infrastructure Investment Corporation spoke

Third, the golden road creates golden value. Strengthening the connection of the private economic community through the cooperation - association model, creating a sustainable infrastructure ecosystem when cooperating with real estate, logistics, commercial transportation enterprises... turning human flow into cash flow.

Fourth, Self-reliance - Self-strengthening - National pride. Building a corporate culture of "Self-reliance - Self-strengthening - National pride" and acting with "devotion, effort, dedication". Always put the interests of the nation first, but also establish the interests in order of priority from shareholders, employees, businesses and oneself also need to be appropriate to serve as a driving force for development.

Fifth, hard work pays off but must be effective. Take the lesson of streamlining the State apparatus as a lesson in optimizing costs and maximizing production and business efficiency to establish the scope of work of enterprises to determine personnel, determine what the State can do, we can do.

Mr. Nguyen Huu Hung - Vice Chairman of HHV Board of Directors

Resolution 68 has opened a revolution for private enterprises, allowing them to have many incentives and never before have problems with mechanisms and policies been resolved as quickly as they are now. Vice Chairman of the Board of Directors of HHV Nguyen Huu Hung shared: “Transportation infrastructure is one of the growth breakthroughs, one of the key tasks that we need to carry out, thereby creating a huge amount of work for transport infrastructure enterprises. From a financial and investment perspective, Resolution 68 is a great driving force for the financial market to recover. Meanwhile, tariff fluctuations do not affect but also create opportunities for HHV to make further breakthroughs in the near future.”

Get your resources ready

Inheriting and promoting the successes achieved, HHV continues to steadfastly pursue the strategy of "concentrated growth", focusing on training, human resource development planning, investing in machinery and equipment, applying modern technology, and transparent project implementation processes to manage risks for stable growth and continue to create breakthroughs.

Mr. Nguyen Quang Huy - Member of the Board of Directors of HHV, commented that, in addition to the advantages from the general context, there is still much room for domestic transport infrastructure development, but there will also be many difficulties and challenges ahead. To make the most of the support from Resolution 68, HHV has been actively and proactively consolidating its internal strength, ready to adapt to all changes, overcoming obstacles to continue to develop stably and sustainably.

Mr. Nguyen Quang Huy - Member of Board of Directors of Deo Ca Transport Infrastructure Investment Joint Stock Company

In particular, the role of the corporate governance model, financial linkage, and human resource training that Deo Ca Group has effectively deployed in many key transport infrastructure projects and works is particularly important.

Regarding human resource planning and investment, Deo Ca has sent cadres and engineers to study abroad, closely cooperated with domestic and international training units to import training programs, and invited foreign experts to teach. Using construction sites as training grounds, building training - coaching - practice centers to improve practical and combat capacity.

“This is a key step to build high-quality human resources, ensuring competitiveness and sustainable development,” said Mr. Huy.

Regarding technology, according to Mr. Nguyen Quang Huy, the company has practical experience from the Deo Ca tunnel project, from which it created the "NATM Deo Ca system" tunneling method, helping to save costs and construction time.

Regarding capital, Deo Ca has successfully applied the PPP++ model to mobilize financial resources, construction capacity, and warranty responsibilities of domestic enterprises. This helps control costs, construction quality, and optimize investment efficiency in public services.

Do Nga

Source: https://congthuong.vn/hhv-dat-muc-tieu-doanh-thu-tang-8-loi-nhuan-tang-12-389027.html