LILAMA 3 Joint Stock Company engages in the engineering, installation, mechanical fabrication, and construction of industrial and civil infrastructure projects primarily in Vietnam. The company offers a comprehensive portfolio of products and services, including: fabrication and manufacturing of heavy structural steel, pressure vessels, specialized storage tanks, industrial piping systems, and non-standard mechanical equipment; installation, erection, and maintenance services for thermal power plants, hydroelectric stations, petrochemical facilities, chemical processing plants, and cement manufacturing lines; topographical and geological survey, technical consultation, and architectural and structural design services; wholesale trading and distribution of industrial machinery, building materials, finishing tiles, and commercial chemicals; and maritime mechanical engineering, vessel design, and shipbuilding services.
Originally founded in 1960 as the C1 Viet Tri Erection Site under the Vietnam Machinery Erection Corporation (LILAMA) and converted into a joint-stock enterprise in 2006, LILAMA 3 Joint Stock Company is headquartered in Hanoi, Vietnam. The company serves domestic industrial developers and state-owned enterprises across the energy, manufacturing, and transportation sectors, with historical participation in major national infrastructure projects including the Pha Lai and Phu My power complexes, the Hoa Binh and Yaly hydropower plants, and the Dung Quat refinery.
In recent developments, LILAMA 3 Joint Stock Company has undertaken comprehensive corporate, operational, and capital restructurings to address legacy financial distress and balance sheet constraints. Key strategic changes include the full divestment by the Vietnam Debt and Asset Trading Corporation (DATC) of its 49 percent equity interest and over VND 381 billion in associated debt receivables to private investors via auction; the introduction of debt-to-equity conversion initiatives and capital reorganization frameworks aimed at mitigating negative shareholder equity; the streamlining of operational capacity following past capital asset reallocations at the Bach Hac mechanical and shipbuilding facilities; and ongoing governance adjustments and audit reconciliations to stabilize core industrial installation contracts while navigating trading restrictions on the UPCoM market.