On October 01st 2020, at Sheraton Hotel, Transport and Industry Development Investment Corporation Joint Stock Company (Tracodi – Hose: TCD) was honored to be in the Top 50/500 Best Growth Enterprises in Vietnam in 2020 organized by Vietnam Report Joint Stock Company (Vietnam Report) in collaboration with VietNamNet Public Newspaper.

Notably, in the construction sector, Tracodi is proud to be the 5th fastest growing and prosperous enterprise in the ranking.

FAST500 rankings are built based on independent research and evaluation results of Vietnam Report, officially presented for the first time in 2011. Ranking of businesses in the Ranking Table is arranged based on criteria dual growth (CAGR) in revenue and business efficiency. Besides, the criteria such as total assets, total labor, after-tax profit and corporate reputation on the media are also used as supporting factors to determine the scale and position of businesses in the industry. Over 10 consecutive years of publication, the ranking marks the continuous efforts of FAST500 enterprises – businesses that are likened to “rising stars”, as the driving force for the growth of the entire economy.

This is the third consecutive year that Tracodi has been honored to be in the prestigious FAST500 since its first nomination in 2018. With this recognition shows the results of Tracodi’s efforts in renovating and improving business activities towards increasingly professional, sustainable development, while affirming the company’s position in the Vietnamese market.

2019 is the fifth year marking Tracodi’s official transformation from a dominant state-owned enterprise to a fully privately owned enterprise, which is a year of stable growth after a period of restructuring, with the workforce rearranged in line with the business model, marking a new step of success with impressive business figures in the period of 2015-2019:

• Net revenue grew nine times from VND 190 billion to VND 1,701 billion, CAGR is around 72.86% annually.
• Profit after tax increased approximately 4 times, from VND 25 billion to VND 94.9 billion, with the CAGR compound annual growth rate of 38.98%.

In addition, Tracodi has been promoting its strengths in infrastructure construction, quarrying and processing of building materials. In recent years, Tracodi has expanded its business into the commerce sector, which is expected to be a great momentum for Tracodi growth in the future.

Over nearly 30 years of development, Tracodi is continuing to grow with the goal of becoming one of the leading companies, strengthening its brand position by cooperation with major and prestigious domestic and international partners to create high-quality products branded Tracodi to the market.

While Covid-19 pandemic has created several negative impacts on the overall situation of the economy, Tracodi under the management of the Board of Directors is dedicated, determined to maintain the growth rate and the stability of the business, striving to achieve the business plan of 2020.