- CEO
- Quang Minh Duong
- Full Time Employees
- 893
- Sector
- Industrial services
- Industry
- Engineering & construction
- Address
- Quy Nhon Vietnam
- IPO Date
- Mar 21, 2011
- Business
- Construction Joint Stock Company 47 is a Vietnam-based engineering and construction contractor specializing in large-scale hydraulic, hydropower, transportation, civil, and industrial infrastructure projects. Founded in 1975 and headquartered in Quy Nhon, Binh Dinh Province, Vietnam, the company operates across multiple core segments and provides heavy civil engineering and infrastructure construction services; advanced foundation treatment, deep drilling, grouting, and tunnel excavation utilizing tunnel boring machine technologies; specialized roller-compacted concrete placement for major dams and reservoirs; manufacturing and processing of prefabricated concrete elements, building materials, and fabricated mechanical steel structures; laboratory testing and structural quality assessment services for construction materials and concrete strength; repair, maintenance, and overhaul services for heavy construction machinery and equipment; mining, processing, and distribution of construction stone, sand, and aggregates; hotel, restaurant, and travel hospitality operations, including the four-star Seagull Hotel; and international labor export, vocational training, and technical staffing services.
The company serves government agencies, state utilities, independent power producers, and commercial enterprises across Vietnam and Southeast Asia. In recent developments, Construction Joint Stock Company 47 has significantly expanded its international footprint in the regional renewable energy and hydropower sector, highlighted by its lead role in major cross-border projects in Laos. In strategic partnership with Power Engineering Consulting Joint Stock Company 3 under the Vu Phong Energy Group ecosystem, the company secured an engineering, procurement, and construction contract valued at approximately 185 million USD for the 124-megawatt Nam Neun 1 Hydropower Project in Laos, in addition to executing construction packages for the Nam Phak Hydropower Project. The company also entered into strategic project development agreements with Phanthamit Group to advance the Xelanong 4, Xelanong 5, and Nam Sam 4 hydropower ventures in Laos, while continuing work on key Vietnamese national energy assets such as the Expanded Hoa Binh Hydropower Plant and the Bac Ai pumped-storage project. To optimize its operational structure and support long-term capital reallocation toward energy infrastructure and green transition initiatives, the company has strengthened strategic synergies with Vu Phong Energy Group in renewable energy construction and consulting, while streamlining its hospitality division through the formal closure of its Hai Au Bien Cuong Hotel branch.