On July 4, 2025, DEOCA Group held a Board of Directors meeting to review its business performance for the first half of 2025 and to set out directions and solutions for the remaining months and the next phase. The meeting was chaired by Chairman Ho Minh Hoang with the participation of the Advisory Council, Board of Directors, Executive Board, leaders of functional departments, and member units.
Strong growth despite a volatile context
At the meeting, the Executive Board reported impressive growth figures in business performance for the first six months of 2025. Revenue reached 218.85 million USD, a 29% increase year-on-year, and post-tax profit hit 9.32 million USD. Despite these positive results, the Executive Board also highlighted several challenges that must be addressed to ensure the company achieves’s strategic objectives.
Chairman Ho Minh Hoang chaired the Board of Directors meeting and evaluated business performance for the first six months of the year.
In 2025, the Group has an “enormous” workload, far exceeding that of 2024 and previous years. In the investment and project development, the Group is currently studying and proposing 7 major projects with a total investment of more than 11.74 billion USD, some of which have already been approved for investment policy.
In the construction sector, 13 projects are underway across the country, with 5 scheduled for completion in 2025. Currently, key projects include the Quang Ngai - Hoai Nhon expressway has reached over 71% of its contract value, the Dong Dang - Tra Linh expressway is at 32%, the Huu Nghi - Chi Lang expressway is at 25%, and Long Thanh international airport is at 74%.
The operational management and toll collection sector remains stable, with more than 19.4 million vehicles recorded across DEOCA-operated facilities. Toll revenue reached 87.72 million USD, while operational management revenue reached 10.98 million USD, equal to 44.5% of the annual plan.
In human resources, in a fiercely competitive labor market, the Group has adjusted its salary policy to a performance-based system. It is also enhancing internal training and collaborating with universities to attract and develop a high-quality workforce.
In the first half of 2025, DEOCA Group organized 14 training programs, which included courses for professional certifications, specialized training, soft skills, language, and also included joint programs with universities, with special focus on emerging fields such as railway-metro, TBM technology, digital transformation, AI, and Chinese language…
General Director Nguyen Quang Huy reported the results of “task management”.
Chairman of the Board of Directors Ho Minh Hoang commended the efforts of the Board of Directors and the Executive Board for their strong leadership, which has maintained the Group's growth momentum, ensured the project progress and quality, and financial stability despite market volatility.
In addition to the Group's overall report, the Chairman asked each department and unit to conduct its own evaluations to clarify the roles and responsibilities of individuals and teams. Based on these findings, the Group will propose rewards, disciplines, transfer, and training to enhance internal capabilities, overcome weaknesses, and better prepare for the next phase. “To achieve great goals, you must prepare with both endurance and resilience to ensure long-term development. Acceleration must go hand-in-hand with strict control, continuous learning, and proactively planning for the next steps,” the Chairman emphasized.
For persistent challenges and issues on projects, the Chairman, together with the Board of Directors, the Advisory Board, and the Executive Board, discussed the causes and developed solutions to resolve them. The Chairman asked all relevant units and individuals to proactively coordinate and assume full responsibility at every stage of execution.
Focusing resources and accelerating key tasks implementation in the remaining half of the year
In the second half of 2025, DEOCA Group will accelerate key project implementation, especially in investment and project development, capital mobilization, and operational management capability enhancement.
In construction, the Group will serve as an organizer, shifting from a “direct labor” to an “implementation management” model. This will focus on overall management, resource coordination, controlling quality, progress, and safety, while also selecting and outsourcing capable contractors.
General Director Khuong Van Cuong reported the results of “benefit management”.
In the investment sector, strategic infrastructure projects are being fast-tracked to complete legal procedures for early implementation, including phase 2 of Dong Dang - Tra Linh expressway (454.24 million USD), Tan Phu - Bao Loc expressway (681.84 million USD), Ho Chi Minh City - Trung Luong - My Thuan expressway (1.51 billion USD), Phu Yen - Dak Lak expressway (1.14 billion USD), Son La - Dien Bien expressway (568.14 million USD), and especially the Red River riverside boulevard (7.39 billion USD). These projects are expected to unlock breakthroughs for the Group in the next phase.
In workforce development, the Group is implementing a training program for engineers and workers with a strong focus on practice. It is currently partnering with leading universities to “order” talented students and provide them with internships on DEOCA’s projects. The students will receive scholarships, salaries, and other benefits.
The Chairman of the Board of Directors directed that information about the training program should be more widely disseminated to reach the target audience. He also called for practical activities like “career fairs” to introduce job opportunities at DEOCA, especially for students and skilled workers.
For its direct labor force, the Group is expanding training in essential skills, including driving and machine operation, tunneling, and railway-metro technology through DEOCA Practical Training Institute and DEOCA Practical Training Center. The curriculum will combine theory with hands-on training from experts and project officers.
The year 2025 marks DEOCA Group's 40th anniversary. As the Group enters a new era alongside the country’s development, it faces both opportunities and challenges. Guided by the principles of “Self-reliance - Self-strengthening - National pride” and a core philosophy of “Aspiration - Perseverance - Gratitude”, together with a strong spirit of overcoming difficulties, DEOCA’s people will continue to build large-scale and sustainable projects that contribute to the development of the national transportation infrastructure system.
News: Lam Tra - Photo: To Hung
