- Business
- Hong Ha Viet Nam JSC (UPCOM: PHH) is a Vietnam-based company primarily engaged in real estate investment, civil and industrial construction engineering, building materials trading, and property management services. Founded in 2004 and headquartered in Hanoi, Vietnam, the company operates across several key business segments: Construction and Contracting, which encompasses general contracting for civil, residential, commercial, and industrial building projects, structural engineering, infrastructure development, foundation works, and mechanical, electrical, and plumbing (MEP) installation; Real Estate Development, focusing on the investment, development, sales, and management of mixed-use urban developments, residential apartment complexes, commercial centers, and residential housing projects; Building Materials Trading and Equipment Leasing, involving the distribution and wholesale of construction supplies including structural steel, cement, concrete, and construction machinery rental; and Property Leasing and Facility Management, providing commercial office leasing, retail space management, parking operations, and building maintenance services. The company primarily serves domestic corporate clients, individual homebuyers, commercial tenants, and municipal infrastructure projects across northern and central Vietnam. In recent operational and strategic developments, Hong Ha Viet Nam JSC has undertaken extensive financial and corporate restructuring initiatives aimed at optimizing its balance sheet, rationalizing non-core assets, and restructuring credit facilities to strengthen working capital liquidity; the company has also reorganized its operational divisions to focus on core high-margin construction contracting, accelerated partnerships with domestic property developers for co-development ventures, and enhanced its internal risk management and corporate governance frameworks following its trading transition on the UPCoM market.