Accumulate inner strength, ready to break through.

Tracodi Construction Group: Accumulating internal strength, ready for a breakthrough.

Following its name change and business model transformation, Tracodi Construction Group Joint Stock Company (TCD), a member of Bamboo Capital Group (BCG), has streamlined its senior management team to achieve rapid breakthroughs.

The construction industry is facing a great opportunity as the government continuously disburses investment to create momentum for economic growth. In 2025, a series of important transportation infrastructure projects such as airports, seaports, highways, and inter-regional and inter-provincial projects will continue to be accelerated by the government.

The policy of investing in the entire high-speed railway project (350 km/h) on the North-South axis was also agreed upon by the 10th Central Committee meeting of the 13th Party Congress in mid-September. According to the Ministry of Transport's calculations, the North-South high-speed railway project alone has a preliminary total investment of approximately 67.34 billion USD. Not to mention, the investment in the North-South high-speed railway will create a construction market worth approximately 33.5 billion USD. The potential for development for construction companies like Tracodi is enormous if they promptly accumulate internal resources and seize opportunities to participate in public investment projects in the coming period.

Persistently increase your inner strength.

At the end of August 2024, Tracodi changed its name from Industrial and Transport Development Investment Joint Stock Company to Tracodi Construction Group Joint Stock Company. This new name highlights Tracodi's core business of construction. At the same time, this new name is also consistent with the corporate governance model that Tracodi is currently applying. Currently, Tracodi Group owns subsidiaries operating in various fields such as construction and infrastructure (Tracodi E&C), taxi transportation (Vinataxi), labor export (Tracodi Labour), stone quarrying, etc.

In recent years, Tracodi has consistently been included in the list of the fastest-growing companies in Vietnam. Tracodi Construction Group has risen to become a reputable general contractor, one of the few general contractors to achieve Class 1 construction capacity certification, capable of undertaking large-scale projects such as road transport, civil, industrial, and energy projects.

In addition to real estate and renewable energy projects under Bamboo Capital Group, Tracodi is implementing many important infrastructure projects such as the Phan Thiet airport project, residential areas and regulating lakes in Bac Giang province, and the construction project of National Highway 3 – Vo Nguyen Giap (Dong Anh district, Hanoi) and a part of package 12 of the Chau Doc – Can Tho – Soc Trang expressway project,…

In 2024, Tracodi aims for net revenue of VND 1,920 billion, a 7.6% increase compared to the previous year. After-tax profit is projected at VND 185.6 billion, nearly 6% higher than the same period. For the 2024-2028 period, Tracodi anticipates an average annual revenue growth rate of 12%, reaching VND 3,816 billion in 2028. After-tax profit in 2028 is projected at VND 348 billion. Equity capital in 2028 is projected at VND 6,438 billion, and total assets are projected at VND 13,130 billion.

To complete its business plan for the 2024-2028 period, Tracodi is focusing its resources on implementing real estate projects it has won bids for, such as King Crown Infinity, Malibu Hoi An, and Hoian d'Or. In addition, the company is also developing transportation infrastructure projects such as: Phan Thiet Airport; Component 4 of the Chau Doc – Can Tho – Soc Trang Expressway construction project (Phase 1); the project connecting the old National Highway 3 to Vo Nguyen Giap road (Hanoi); the Duc Thinh residential area project (Bac Giang); and the restoration and upgrading of DT830 and DT824 from An Thanh bridge to Duc Hoa town (Long An).

Tracodi is focusing on the construction of many important infrastructure projects and actively participating in potential public investment projects.

Furthermore, Tracodi continuously seeks opportunities to participate in bidding for potential public investment projects and strengthens cooperation with reputable domestic and international construction companies and corporations. A recent major partner that Tracodi has collaborated with to invest in and develop transportation infrastructure projects, industrial park infrastructure, and social housing is China Railway International Corporation (CREC). China Railway International Corporation is among the top 500 largest companies globally according to Forbes.

To seize future opportunities, Tracodi is exploring plans to acquire several smaller construction companies through M&A and purchase new quarries and construction material mines to enhance its competitiveness and secure its raw material supply.

In addition, Tracodi is preparing to seek shareholder approval for a private placement of 170 million shares to increase its charter capital, thereby enhancing its capital capacity, strengthening its financial structure, and supplementing funding for its production and business activities. If this issuance is successful, Tracodi Group's charter capital will reach VND 5,058 billion.

Recruiting more talented individuals in the construction industry.

Tracodi Group has also streamlined its senior management team by appointing leaders with many years of experience in the construction and infrastructure sector. After Mr. Pham Dang Khoa, the former General Director of Tracodi, resigned to focus on his new role, Tracodi appointed Mr. Tran Nguyen Huan as General Director effective October 9, 2024.

Tracodi's new General Director, Mr. Tran Nguyen Huan, has over 25 years of experience in the construction industry.

Prior to his appointment as General Director, Mr. Tran Nguyen Huan served as the Permanent Deputy General Director of Tracodi from August 2024. Mr. Huan has over 25 years of experience in the construction sector, having successfully led and managed numerous large-scale projects, ranging from high-rise buildings and public works to important transportation infrastructure projects.

To strengthen its management team, on October 15th, Tracodi appointed Mr. Ha Chi Dung as Deputy General Director in charge of construction. Mr. Ha Chi Dung holds a Bachelor's degree in Civil Engineering and has 21 years of experience in the construction industry. Prior to joining Tracodi, he held several important positions such as Construction Director, Deputy General Director in charge of the Construction and Installation Division, and Deputy General Director of Construction at leading construction corporations in Vietnam.

With their extensive experience in managing and implementing large-scale construction projects, the presence of Mr. Tran Nguyen Huan and Mr. Ha Chi Dung is expected to bring significant improvements and contributions to Tracodi's operations, helping to enhance the quality and efficiency of the projects the company is currently undertaking.

2024 is considered a pivotal year for Vietnam to complete its 2021-2025 public investment plan with key transportation infrastructure projects. The construction industry is facing a great opportunity with a series of upcoming public investment plans from the Government. Along with this, the prospect of a real estate market gradually entering a recovery cycle this year will have a positive impact on the construction and infrastructure sector. With a series of necessary preparations to accumulate internal strength, Tracodi is expected to experience breakthrough development in the near future and make a positive contribution to the revenue of Bamboo Capital Group.

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