- Business
- Vinaconex 21 Joint Stock Company is a Vietnam-based construction and real estate development enterprise that provides comprehensive general contracting, engineering, building material manufacturing, and property investment services. Tracing its origins to 1969 as Architectural Construction Team No. II under the Ha Tay Architecture Department and operating as an affiliate of the Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex Group), the company is headquartered in Hanoi, Vietnam, and trades on the Hanoi Stock Exchange under the ticker symbol V21. The company operates primarily across Vietnam and organizes its operations into five main business segments: Construction and Installation; Real Estate Investment and Development; Building Materials Manufacturing and Trading; Technical Consulting and Project Management; and Commercial Trading and Agency Services. In its Construction and Installation division, Vinaconex 21 executes civil, commercial, and industrial building projects; transport infrastructure works, including highways, bridges, tunnels, airports, and seaports; water supply, drainage, and irrigation networks; and energy infrastructure developments, including hydroelectric, thermal, and wind power generation plants, as well as electrical transmission lines and transformer substations. In Real Estate Investment and Development, the company engages in the investment, development, and commercialization of residential complexes, urban zones, social housing communities, industrial parks, and high-tech parks. In Building Materials Manufacturing and Trading, the company produces and supplies ready-mixed concrete via dedicated batching plants, precast concrete structures, and interior and exterior decoration materials. In Technical Consulting and Project Management, it provides investment advisory, project supervision, topographic and hydrogeological surveying, geodetic measurements, and architectural design services. In Commercial Trading and Agency Services, the company manages the import, export, and distribution of construction machinery, industrial equipment, automation technologies, and raw materials, while serving as a sales and commercial agent for domestic and foreign enterprises. In recent major developments, Vinaconex 21 completed a 210 billion VND private placement of 21 million shares to significantly strengthen its charter capital, resulting in the addition of six new major shareholders and a restructured ownership base. The proceeds from this capital increase are allocated toward advancing key property initiatives, including the development of a major social housing project in Thanh Hoa Province, as the company sharpens its strategic focus on targeted residential projects and scalable infrastructure contracting across regional Vietnamese markets.