On April 27, 2021, Hung Thinh Incons Joint Stock Company (Ticker symbol: HTN) was honored in the ranking of Top 500 fastest growing enterprises of Vietnam in 2021 - FAST500 voted and announced by Vietnam Report in coordination with VietnamNet newspaper. The high rank in the whole market in general (33rd position in Top 500) as well as in the construction industry in particular (4th position among 39 construction enterprises participating in Top 500) has clearly demonstrated for the breakthrough growth and outstanding development of Hung Thinh Incons.
Mr. Ngo Huy Hieu - Deputy General Director of Hung Thinh Incons (in the middle) received the award of Top 500 fastest growing enterprises of Vietnam in 2021 from the representative of the Organizing Committee
FAST500 is a prestigious annual award to honor Vietnamese enterprises with the fastest revenue growth and stable and good production and business performance.
For the past time, despite facing many common challenges of the market as well as the influence of Covid-19 epidemic, Hung Thinh Incons has still maintained its growth momentum and made a strong breakthrough with impressive results. According to the Audited Consolidated Financial Statements in 2020, Hung Thinh Incons exceeded the business plan with revenue of more than VND 4,552 billion (up 23.7% compared to 2019), profit after tax reached more than VND 357 billion (up 91.1% compared to 2019). Also according to the recently released separate financial statements for the first quarter of 2021, the net revenue of the first quarter of 2021 of Hung Thinh Incons increased to 189.76% compared with the same period, especially profit after tax in the first quarter of 2021 recorded an impressive increase of 442.77% compared to Q1/2020.
In the first quarter of 2021, the Company continued to speed up the construction progress of the projects, conducted the acceptance and handover of another project to the investor, thereby recording an increase in revenue and profit. Specifically, Hung Thinh Incons is handing over Lavita Charm apartment (Thu Duc City, Ho Chi Minh City) as well as Q7 Boulevard apartment (District 7, Ho Chi Minh City) and beachside resort villa area Cam Ranh Mystery Villas (Khanh Hoa Province).
Currently, Hung Thinh Incosn is the general contractor for many large projects such as Bien Hoa Universe Complex, New Galaxy, Ho Tram Complex, Vung Tau Pearl, Quy Nhon Melody, Grand Center Quy Nhon, Q7 Saigon Riverside Complex... By existing potential in finance, human resources, management, construction technology ... with experience in implementing a series of large projects, Hung Thinh Incons has been affirming its position and leading brand in Vietnam's construction industry.
Certificate of Top 500 fastest growing enterprises of Vietnam 2021 for Hung Thinh Incons
Hung Thinh Incons achieved a high position in FAST500 ranking
FAST500 - The ranking of 500 fastest growing enterprises of Vietnam is implemented based on the result of independent research and evaluation under international standards of Vietnam Report, published annually since 2011 by VietnamNet Newspaper. - Ministry of Information and Communications, with the advice of domestic and foreign experts, advisory councils. The FAST500 program is a high-class playground for leading Vietnamese enterprises and a bridge to bring Vietnamese brands to the world market.
