On May 23, 2025, DEOCA Traffic Infrastructure Investment Joint Stock Company (ticker: HHV) held its 2025 Annual General Meeting of Shareholders in Da Nang.
Shareholders approved the 2025 business plan, capital increase proposals, profit distribution and dividend plans for 2024, as well as profit allocation strategies for 2025 and other key agenda items.
The overview of the General Meeting.
Record - breaking profits, revenue target raised by 8%
In his report to the meeting, Mr. Ngo Truong Nam, General Manager of HHV, announced that in 2024 the company achieved consolidated revenue of 126.13 million USD, a year-on-year increase of more than 23%, exceeding the planned target by 5%. Net profit after tax reached 18.87 million USD, up nearly 36% year-on-year and surpassing the target by 22.5%. Total assets exceeded 1.48 billion USD.
Along with these business results, HHV remained firmly committed to its strategic objectives, proactively taking necessary measures to safeguard the legitimate rights and interests of the enterprises and shareholders. A 45 million USD allocation from the state budget for DEOCA tunnel project was disbursed at the end of 2024. Outstanding issues at the La Son - Tuy Loan toll plaza (87 million USD) and the Bac Giang - Lang Son expressway (174.64 million USD) have been reported to the Government by the Ministry of Construction and the Ministry of Finance and are expected to be addressed at the National Assembly’s June 2025 session.
Mr. Ngo Truong Nam reporting on business and production performance.
In 2025, HHV aims for an 8% increase in revenue and 12% growth in net profit compared to 2024. Positive indicators were recorded right from Q1, with revenue reaching 28.03 million USD, up 6.5% year-on-year, and net profit after tax at 6.6 million USD, up 52% from Q1/2024, marking the company’s highest-ever after-tax profit.
HHV continues to advance key projects such as the Dong Dang - Tra Linh and Quang Ngai - Hoai Nhon expressways, contributing to the national goal of completing 3.000 kilometers of expressways from Cao Bang to Ca Mau by year-end.
Five strategic solutions for HHV’s development from Resolution 68
Mr. Ho Minh Hoang - Chairman of the Board of Directors of HHV emphasized that Politburo Resolution 68 on private sector development serves as a guiding light and strategic framework for businesses, including HHV. It enables public-private cooperation in resolving legacy issues, identifying current priorities, and shaping future strategies. This resolution empowers enterprises to confidently move forward and contribute to national development.
“Fueled by pioneering spirit and a desire to serve in the national development era, I believe that HHV will maximize the “leverage” from Resolution 68, and continue to uphold our position as a leading national infrastructure brand. We place the country's interests above all, while balancing benefits among businesses, shareholders, and partners. Together, we will create new milestones for national infrastructure,” Mr. Ho Minh Hoang affirmed.
Mr. Ho Minh Hoang, Chairman of the Board of Directors of HHV, hosted the discussion session at the General Meeting.
In line with this vision, on May 19, 2025, DEOCA submitted Document 615/2025/DCG to the Prime Minister, proposing investment in the PPP-based expansion of over 1,100 km of the eastern North - South expressway route. This approach could save the state budget approximately 5.8 trillion USD.
To ensure Resolution 68 of the Politburo on private sector is embedded in the daily operations of businesses, Mr. Ho Minh Hoang outlined five strategic solutions for HHV:
Firstly,responsibility unlocks reality. Businesses must proactively coordinate with ministries, industries, and associations to improve legal frameworks, ensure synchronization to shorten administrative procedures, and share responsibility.
Secondly, knowledge creates value. Investing in human capital, deep technical training, and embracing digital tools like AI and BIM in corporate governance and construction to reduce costs and maximize profits.
Thirdly, the golden path to golden value. Strengthening connections within the private sector ecosystem by fostering partnerships with real estate, logistics, and commercial transport enterprises, transforming traffic flows into cash flows.
Fourthly, self-reliance – self-strengthening andnational pride. Fostering a corporate culture of “self-reliance - self-strengthening and national pride” act “with heart, with strength, with devotion”, aim at putting national interest first and balancing priorities between shareholders, workers, enterprises to motivate growth.
Fifthly, efficiency in effort. Learning from the government’s streamlined apparatus to optimize costs and improve operational efficiency. This approach helps define the scope of corporate functions, determine appropriate staffing levels, and affirm the belief that what the State can do, we can do.
Preparing resources
Capitalizing on past achievements, HHV continues to pursue “focused growth” strategy through workforce development, modern equipment investment, technological adoption, and transparent project management to control risks and ensure sustained, breakthrough growth.
Mr. Nguyen Quang Huy, member of the Board of Directors of HHV, emphasized that despite favorable conditions, the country's transport infrastructure development still faces challenges. To fully benefit from Resolution 68, HHV is actively strengthening internal capabilities and staying adaptable to change, overcome obstacles, and maintain sustainable development.
Mr. Nguyen Quang Huy, member of the Board of Directors of HHV spoke at the General Meeting.
He also highlighted the importance of the corporate governance model, financial partnerships, and workforce development, which have proven effective across many of DEOCA’s key infrastructure projects.
In its efforts to plan and invest in human resource development, DEOCA Group has sent engineers abroad for advanced training, while closely collaborating with domestic and international institutions to import training programs and recruit foreign experts. By transforming construction sites into training grounds, the company has established training centers to enhance practical skills and on-site competence.
“This is a crucial step toward building a high-quality workforce, ensuring competitiveness and sustainable development,” Mr. Huy said.
Expressing confidence in HHV’s long-term growth trajectory, Mr. Nguyen Ngoc Khai, Chairman of the Board of Directors of 299 construction and trading joint stock company, shared: “Based on its reputation and strategic vision, I am committed to investing in HHV and aim to become one of its major shareholders in the near future”.
News: Trong Sang - Photo: To Hung
