The ELCOM Telecommunications Technology Joint Stock Company recently announced the architectural design contest for the Twin Towers Headquarters of the Son Hai Group and the ELCOM Innovation Hub at the Tay Ho Tay Urban Area in Hanoi. The project consists of two 17-storey towers with two basements, built on a 3,000 m2 area, as part of a collaboration between ELCOM and MBH Investment and Development Joint Stock Company. Their capital contributions are 30% (ELCOM) and 70% (MBH). The total project transfer amount is a maximum of 215 billion VND, with each party responsible for 50% of the payment. ELCOM, which operates in information technology, reported a 32% revenue drop in 2025 but a 70% increase in post-tax profit. MBH, established in March 2024, focuses on real estate with a charter capital of 100 billion VND.
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