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Hanoi Stock Exchange has approved the registration for trading shares of GDC Group Joint Stock Company (GDH) on UPCoM. The company has also approved plans to list its shares on HoSE, with expected implementation between Q3 and Q4 2026.
For 2026, GDC Group sets revenue at VND 3.6 trillion and after-tax profit at VND 92 billion. This would represent increases of 96% in revenue and 136% in after-tax profit compared with 2025 results.
In 2025, the company reported revenue of VND 1,839 billion, reaching 120% of its plan. After-tax profit in 2025 was VND 39.28 billion, equivalent to 87% of the company’s VND 45 billion profit target.
GDC Group is described as a professional construction group operating for more than 10 years. Its activities include design-build contracting, real estate investment, infrastructure and urban landscaping, and cooperation and development.
Notable projects mentioned include ParkCity Hanoi, TLIP-II Industrial Zone, Legend Hill Golf in Soc Son, Sheraton Da Nang Hotel, Anh Viet International University (BUV), Hoa Lac High-Tech Park infrastructure, Tan Chi port – Bac Ninh, Hanoi–Hai Phong Expressway, Hanoi–Lao Cai Expressway, and Noi Bai International Airport T2 terminal.
The company’s predecessor was Hanoi GDC Construction Investment Joint Stock Company, founded on May 22, 2013. The registered office is on the 8th floor, CC1 Office Building, Phap Van – Tu Hiep Urban Area, Hoang Liet Ward, Hoang Mai District, Hanoi. The legal representative is Mr. Nguyen Van Khoa (born 1970), Chairman of the Board.
Founders include Nguyen Van Khoa (VND 3.6 billion, 60%), Nguyen Ngoc Hoang (VND 2.1 billion, 35%), and Nguyen Thi Hue (VND 0.3 billion, 5%). In February 2021, the company officially changed its name to GDC Group JSC.
Charter capital increased from VND 45 billion to VND 102 billion in May 2021, and then to VND 166 billion in December 2022. Founders’ capital contributions were not disclosed.
Mr. Nguyen Van Khoa is also the legal representative of GDC Invest JSC, which has charter capital of VND 18 billion. Founders of GDC Invest JSC include GDC Group (VND 6.3 billion, 35%), Nguyen Van Khoa (VND 2.7 billion, 15%), Dinh Van Hien (VND 1.8 billion, 10%), Le Hoang Quan (VND 3.6 billion, 20%), and Nguyen Duc Quan (VND 3.6 billion, 20%).
GDC officially joined the national bidding network in August 2017. To date, the company has bid on seven packages with a total winning bid value of over VND 625.49 billion. Bid data cited indicate that in highly competitive packages, GDC is often excluded for not meeting capacity, experience, or technical requirements.
The company said it is concentrating resources to address debt. Under its plan to mobilize around VND 75 billion, it intends to allocate about VND 55 billion (over 73%) to directly repay bank loans.
Some reports indicate that GDC previously faced late social insurance payments in Hanoi, suggesting short-term cash flow difficulties before revenue growth to VND 3.6 trillion.
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