- CEO
- Tin Quang Nguyen
- Full Time Employees
- 1,787
- Sector
- Producer manufacturing
- Industry
- Industrial conglomerates
- Address
- Vung Tau Vietnam
- IPO Date
- Aug 19, 2009
- Business
- Development Investment Construction Joint Stock Corporation (DIC Group) is a Vietnam-based diversified enterprise primarily engaged in real estate development, infrastructure construction, building materials manufacturing, and tourism services. Founded in 1990 and headquartered in Vung Tau City, Ba Ria - Vung Tau Province, Vietnam, the corporation operates nationwide across northern, central, and southern Vietnam, executing projects through an integrated network of subsidiaries, joint ventures, and affiliated entities.
The corporation operates across four primary business segments: Real Estate Development, Construction and Engineering, Building Materials and Manufacturing, and Hospitality and Commercial Services. In Real Estate Development, the company invests in, plans, and constructs large-scale master-planned urban developments, high-rise residential condominiums, social housing, industrial parks, and eco-tourism resorts; key development projects include the Chi Linh Urban Area, Nam Vinh Yen New Urban Area, Long Tan Tourism Urban Area, Dai Phuoc Eco-Tourism Urban Area, Bac Vung Tau Urban Area, DIC Phoenix, DIC Gateway, and Chi Linh Center. In Construction and Engineering, the company provides general contracting for civil and industrial construction; develops transport, technical, and irrigation infrastructure; installs electrical and mechanical systems; and delivers architectural finishing and interior decoration services. In Building Materials and Manufacturing, the corporation manufactures and supplies ready-mix concrete, prefabricated concrete structural components, concrete block bricks, ceramic tiles, wooden and plastic doors, and hot asphalt; engages in mineral exploitation and processing of construction aggregates including stone, sand, gravel, and clay; and conducts commercial trading and distribution of clinker, cement, timber, and structural steel. In Hospitality and Commercial Services, the company provides hotel and resort operations, golf course management, real estate brokerage and appraisal, commercial space leasing, property asset management, travel services, and passenger transportation.
In recent corporate developments, Development Investment Construction Joint Stock Corporation has executed a comprehensive balance-sheet restructuring and financial deleveraging program aimed at strengthening capital safety and liquidity. The corporation accelerated the early redemption and repurchase of multiple tranches of corporate bonds, including the full settlement of the DIGH2124002, DIGH2326001, and DIGH2326002 bond series to effectively clear its outstanding bond debt. To optimize asset efficiency and generate non-debt capital, the company has completed targeted project transfers and secondary divestments, notably within the Dai Phuoc Eco-Tourism Urban Area and Lam Ha Center Point developments, reallocating proceeds to advance high-priority flagship developments, particularly the Long Tan Tourism Urban Area in Dong Nai Province. Furthermore, the corporation continues to streamline operations across its construction and materials subsidiaries while integrating corporate governance reforms aligned with national sustainability and green building initiatives.