- CEO
- Cuong Gia Vu
- Full Time Employees
- 97
- Sector
- Finance
- Industry
- Real estate development
- Address
- Ha Noi Vietnam
- IPO Date
- Dec 21, 2007
- Business
- Tu Liem Urban Development Joint Stock Company (Lideco) is a Vietnam-based real estate investment, development, and civil construction enterprise engaged in the planning, construction, sales, and management of residential, commercial, and municipal infrastructure projects. The company operates through three principal business segments: Real Estate Development, Construction and Civil Engineering, and Property Management and Ancillary Services. Its comprehensive portfolio of products and services comprises the master planning, development, and sale of integrated new urban areas, low-rise residential housing, detached and semi-detached luxury villas, duplexes, garden townhouses, high-rise apartment complexes, and social housing units; commercial real estate properties, including retail centers, office spaces for lease, and mixed-use facilities; civil and industrial construction contracting, encompassing site clearance, ground leveling, road networks, municipal drainage and technical infrastructure, advanced wastewater treatment facilities, and industrial building projects; property management and building operation services for residential subdivisions and apartment towers; real estate brokerage, consulting, and valuation services; and the trading and distribution of building materials. The company serves individual home purchasers, commercial tenants, and institutional clients across Northern Vietnam, concentrating its development footprint in the Hanoi and Quang Ninh metropolitan markets through key projects such as the North National Highway 32 New Urban Area (Lideco Tram Troi) and Dich Vong New Urban Area in Hanoi, as well as the Bai Muoi and Nui Ham Urban Areas in Ha Long. In recent operational and corporate developments, the company completed a 1:1 bonus share issuance that increased its charter capital to approximately VND 1.22 trillion, maintained consistent cash dividend payouts to shareholders, and prioritized the phased sales commercialization, inventory monetization, and final handovers of its flagship 43.67-hectare Bai Muoi project in Ha Long, while advancing legal procedures and preliminary development groundwork for its 68-hectare Nui Ham Urban Area expansion pipeline. Founded in 1974 as Tu Liem Construction Enterprise, privatized into a joint stock company in 2004, and listed on the Ho Chi Minh City Stock Exchange under the ticker NTL in 2007, Tu Liem Urban Development Joint Stock Company is headquartered in Hanoi, Vietnam.