2019-03
14
14, 03, 2019

GREAT GROWTH POTENTIAL OF NEWTECONS WITH 55% REVENUE PLAN

In a stormy market, Newtecons want to establish a parallel position in both construction and real estate. The potential and experience of a 15-year construction company is sufficient to expect to turn the target into reality.

Real estate, building “sublimation”

Mr. Tran Khanh Quang, real estate expert said that in 2019 the market continued to grow strongly. The inner city real estate in Ho Chi Minh City has a high price but the demand is still great. If the investor launches the project with products that are of real value, it will surely succeed. He predicts the market will grow from 10 to 15% over the previous year.
Not only Mr. Quang, many experts as well as management units said that 2019 real estate market will not have “bubbles”. The signal of the market is still very good, when in 2018, the leading real estate in the industry had a sudden growth in profit, up to 78%.


Along with sustainable development from the real estate market, the construction industry enterprises in 2018 also marked a bold mark with outstanding business results. A business leader expected that in 2019, even if the bank has tightened credit on real estate, it was difficult for the construction industry to grow at a certain rate, about 6-8%. Enterprises will still grow faster than the overall growth of the economy and construction industry.

Newtecons: Average revenue growth of 62% / year

In the general flow of the real estate and construction market, FDC Construction and Investment Joint Stock Company changed its name to Newtecons Construction Investment Joint Stock Company. During 15 years of construction and growth, the company’s name has been associated with construction and many big projects such as Landmark 81, Hoi An Casino, Vinhomes Times City – Park Hill 5, Vinhomes Golden River – Aqua Tower 2, Flamingo Dai Lai Resort.

Along with the change of name, Newtecons aims to become a construction company associated with real estate and other promising business sectors. In particular, the company plans to cooperate with businesses that have available land to embark on potential real estate and opportunities.
To realize this ambition, Newtecons possesses a solid business result and maintains good growth. In the period 2012-2017, Newtecons kept an average annual growth rate of 62%.

Through the continuous efforts, Newtecons has been recognized in the top 10 prestigious Construction Contractors in Vietnam market, according to Vietnam Report (VNR) in Vietnamnet in 2017. Not only that Newtecons also ranked 11th among 500 largest private construction enterprises in Vietnam.

By 2019, Newtecons aims to increase revenue by 55% and profit after tax by 67% over the previous year. The company will also continue executing large projects such as Vincity Gia Lam, Diamond Island 2, Gain Lucky factory (Tay Ninh), OneHub SaiGon project, 58 Tay Ho project (Hanoi) …

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