- Business
- CIC Group Joint Stock Company, formerly known as Kien Giang Construction Investment Consultancy Group, is a Vietnam-based diversified corporation primarily engaged in real estate investment, urban development, construction engineering consultancy, and commercial services. Founded in 1992 and headquartered in Rach Gia City, Kien Giang Province, Vietnam, the company operates across five core business segments: Real Estate Development, Construction and Consultancy, Trade and Commercial Services, Education, and Financial Investment. Through its integrated network of subsidiaries and affiliated enterprises, the company provides a comprehensive portfolio of products and services, including the investment, development, and sale of master-planned residential urban zones, coastal land reclamation areas, luxury resort villas, high-rise condominiums, commercial shophouses, and social housing projects; architectural design, civil and industrial construction, topographical and geological surveying, project supervision, technical consulting, and general engineering contracting; wholesale and retail trading of construction materials, structural components, and interior-exterior building finishes; commercial facility operations comprising shopping centers, municipal retail markets, hotels, restaurants, and memorial park services; and the administration of private bilingual kindergarten and primary education facilities. Geographically, the enterprise concentrates its operational footprint within the Mekong Delta region of southern Vietnam, maintaining extensive project holdings in Rach Gia City and Phu Quoc City. In recent corporate developments, the enterprise officially rebranded from Kien Giang Construction Investment Consultancy Group to CIC Group Joint Stock Company in June 2025 to reflect its expanded multi-industry scope and modern corporate identity. To fund its extensive development pipeline across a land bank exceeding 160 hectares, the company completed a charter capital increase to over VND 1.6 trillion in July 2025. Operationally, the group has focused on advancing construction and commercialization across flagship projects, including the CIC Boulevard mixed-housing development, the Northwest Sea-Reclamation Urban Area, Rivera Villas, Sonasea Villas, and site development for the Ba Keo project in Phu Quoc, while strategically prioritizing high-liquidity social housing and residential townhouses to sustain cash flows and leverage tourism and infrastructure expansion in southwest Vietnam.