This is the business plan for 2025 that will be presented by TEDI’s Board of Directors to the Annual General Meeting for approval.
Based on the first nine months, TEDI estimated a total revenue of VND 1,280 billion and a net profit of nearly VND 63 billion for the full year 2024, down 16% and 12%, respectively, from 2023. However, the company exceeded its revenue target by 5% and profit target by 23%.
For 2025, the company plans to achieve a total revenue of VND 1,260 billion and a net profit of nearly VND 58 billion, representing a decrease of 2% and 8%, respectively, from the estimated figures for 2024.
Transportation Engineering Design Inc. (TEDI) is a leading consulting firm, involved in the design of many key transport infrastructure projects, including the North-South Expressway.
The company is also responsible for researching the recently approved North-South high-speed railway project by the National Assembly. The line is estimated to cost $67 billion, stretch over 1,500km, and pass through 20 provinces and cities, starting at the Ngoc Hoi Station in Hanoi and ending at the Thu Thiem Station in Ho Chi Minh City.
TEDI currently owns 10 subsidiaries and 2 affiliated units, mainly engaged in construction consulting. Its chartered capital stands at VND 125 billion, with three major shareholders: Oriental Consultants Global Co., Japan (34.99%), Red One Infrastructure Fund (30.11%), and Mr. Pham Huu Son – Chairman of the Board of Directors (8.499%).
In the stock market, TEDI’s share price recently hit an all-time high of VND 65,000/share in early August but corrected shortly after. On the morning of December 16, the share price stood at the reference price of VND 51,000/share, down 21.5% from the aforementioned peak but up 36.5% year-on-year.
| TED share price movement over the past year |
The High-Speed Rail Project: Ensuring Profitable Investments for Vietnam’s Transportation Revolution
It is imperative to devise a strategy for the effective implementation of the high-speed rail project. We must ensure that this significant investment does not result in inefficient operations and financial losses. A well-thought-out plan will guarantee the project’s success and profitability.
The High-Speed Rail Revolution: Seamlessly Connecting Existing and Urban Transit Networks
The pre-feasibility report for the high-speed North-South railway line has envisioned seamless connectivity with existing railway lines and the master plan for urban railway networks in Hanoi and Ho Chi Minh City. This report, prepared by the Ministry of Transport, also outlines plans to connect major airports, seaports, and vital economic zones, along with potential links to the international railway network.
“High-Speed Rail Project: Presenting the Vision for a 350km/h North-South Corridor in Vietnam”
The Vietnam Railways Authority has confirmed that the Ministry of Transport has submitted a proposal for a high-speed North-South railway to the Government Party Committee for approval by the Politburo. The Ministry is expediting the completion of the project’s pre-feasibility study report, aiming to present it to the National Assembly for their consideration and investment decision during their upcoming October session.
Accelerate Implementation for Early Start of North-South High-Speed Rail Project
The North-South high-speed railway is a strategically important project for the nation and its people, serving as a catalyst for breakthrough development in the socio-economic sector.
