TRACODI was previously the Transport Development Investment Corporation, under the Ministry of Transportation and Post, which was established in 1990. During the period of 1995-2007, TRACODI’s status quo was seperated and tranferred back to management under Civil Engineering Construction Corporation No.6, then under People’s Committee of Long An Province in 2005. After being converted into One Member Company Limited till 2013, TRACODI officially converted itself into a Joint Stock Company with shares held dominantly by the State. In 2015, TRACODI has officially operated as a 100% privatized company after SCIC divestment.
By the end of 2016, total assets of TCD reached 2.449 billion VND and equity more than tripled to 383 billion VND. The company’s cash and cash equivalents also increased to 42.8 billion VND, more than doubled over last year, reflecting a steady stream of cash inflows. In terms of liquidity, TCD's quick ratio has improved significantly, from 1.2 times in 2015 to 2.53 times in 2016.
In Q1 FY2017, the company's revenue reached 167 billion VND, up by more than 90% over the same period of last year and profit after tax was 15.1 billion VND. TRACODI’s 2017 General Annual Meeting has approved its 2017 business plan with a revenue of 879 billion VND, or 5.5% increase over 2016; and profit after tax of 63.67 billion VND, up by nearly 6%.
With a strategic focus on 3 main areas: Infrastructure - Real Estate; Quarrying; Trade and Export of agricultural products. Mr. Nguyen Ho Nam, TCD’s Vice Chairman and CEO said: “The listing represents the company's new strategy towards business transparency. This will help TCD gain more prestige and access to long-term resources and develop sustainable growth. In addition, we look forward to bringing new values to investors in Vietnam capital market.
The company’s core business activities in 2017 includes accelerating its construction of Interstates 830 & 824 BOT project and filfulling the procedures required for social housing project in Long An Province. For quarrying, the company will increase production capacity and enhance marketing to key projects within the Mekong Delta. At the same time, TRACODI will try to fulfill the procedures required for the construction of Bamboo Prince Court tower. For the export and trade sectors, the company will take advantage of its affiliates to speed up exports of tapioca, coffee, microorganic fertilizer, etc. TCD plans to pay a minimum dividend of 10% for 2017.