Antraco: Overcoming Challenges for Sustainable Growth

The year 2026 is expected to mark a new phase of development for Antraco Joint Venture Co., Ltd., as solutions to existing difficulties have begun to take clearer effect, creating a foundation for a sustainable growth strategy.

Antraco’s leadership and staff members

The year 2025 was particularly significant for Antraco Joint Venture Co., Ltd., as it was both a period of overcoming challenges and a pivotal year for the next stage of development. As a company specializing in the mining, processing, and trading of construction stone for bridges, roads, and high-rise buildings, Antraco faced prolonged disruptions to production and business operations following the expiration of its mining license in mid-2024. This situation created substantial challenges in legal compliance, finance, production organization, and the stability of workers’ employment.

On February 18, 2025, the company received approval from the An Giang Provincial People’s Committee for an extension of its mineral mining license, followed on March 28, 2025 by permission to mobilize reserves of 2,959,956 cubic meters through June 2027. This decision was decisive, enabling the company to fully resume its production and business operations.

The Members Council and Board of Directors provided firm direction, proactively working with relevant authorities to resolve legal obstacles in a timely manner and ensure compliance with applicable regulations. In addition, supported by stable demand with a strong upward trend from key expressway and transport projects such as Chau Doc - Can Tho - Soc Trang; Can Tho - Hau Giang - Ca Mau; Lo Te - Rach Soi; and Cao Lanh - An Huu; relatively synchronized investment in equipment and crushing and screening lines; port facilities, storage yards, and transport vehicles capable of supporting high-capacity operations; and an experienced workforce that quickly stabilized production after the interruption, the Antraco brand continued to be recognized as a reliable, high-quality supplier of construction stone, earning positive assessments from investors and contractors.

According to the company’s 2025 production and business results, total revenue exceeded VND885 billion, reaching 136% of the plan and 155% compared with 2024. Profit before tax exceeded VND214 billion, achieving 214% of the annual plan and 210% year on year. Total production volume in 2025 reached 2,805,881.6 cubic meters, an increase of 57.26% compared with 2024. This result was particularly noteworthy given that the mining license had expired on June 1, 2024, requiring a temporary suspension of all mining activities.

Antraco supplies construction stone for many key transport infrastructure projects. In the photo: Vam Cong Bridge project

Nguyen Thanh Nghe, Director of Antraco Joint Venture Co., Ltd., said that management and operations were implemented in a firm and flexible manner, closely aligned with actual conditions, with strong attention to risk management - especially legal, occupational safety, and environmental risks - and strict compliance with regulations governing mineral mining activities. Internal inspection and supervision were strengthened, while mining and processing activities were organized with appropriate staffing across shifts during peak periods to compensate for output shortfalls in the early months of the year. Crushing and screening lines were operated in a synchronized and flexible manner by product category, ensuring timely supply for key transport infrastructure projects. Occupational safety and environmental protection were also prioritized through coordinated measures such as mist spraying to reduce dust at crushing stations, daily road watering using specialized vehicles, and the planting of more than 14,000 trees during the year. Hazardous waste generated during production was handled in accordance with prescribed procedures, from collection and storage to treatment.

Notably, Antraco’s production and business activities have remained closely linked with local economic development, creating employment for many local residents. The company has paid attention to gratitude and social responsibility activities, actively participating in charitable initiatives, contributing funds to social organizations, and building houses for disadvantaged households. Regular visits, gifts, and engagement with local communities, particularly Khmer ethnic communities, have been maintained. In 2025, the company carried out social welfare activities with total spending of nearly VND5 billion.

Alongside these achievements, the company continues to face certain limitations, including a relatively short recovery period, significant pressure on supply schedules, rising production costs, and the limited remaining term of the mining license, which affects investment and long-term planning. These issues will require continued attention in the period ahead.

“Entering 2026, with the legal framework clarified, favorable market conditions, and an established system of equipment and infrastructure, Antraco Joint Venture Co., Ltd. aims to sustain its growth momentum, improve production and business efficiency, and proactively prepare for long-term investment plans. Continued cost control, stronger risk management, and the assurance of occupational safety and environmental protection have been identified as ongoing priorities, thereby reinforcing brand credibility and contributing more effectively to local socio-economic development in the coming period,” Nguyen Thanh Nghe said.

By Quoc Hung, Vietnam Business Forum