On October 3, 2025, Lam Dong Irrigation Construction and Consulting Joint Stock Company (code LHC) launched the development of SAP Business One (SAP B1) enterprise management software solution combined with artificial intelligence (AI) in data analysis and business management.

FoxAi Technology Joint Stock Company - the No. 1 SAP Business One developer in Vietnam, and Blockchain and AI Technology Institute - the leading organization in researching and applying AI to businesses, are the consulting and development units for this project. The project focuses on 4 main goals:

(1) Comprehensive digital transformation: Applying technology to all aspects of the business, from operations, production to human resources and financial management.

(2) Automation and AI: Specializing in data processing, trend prediction, and optimizing business operations based on artificial intelligence.

(3) Data is a strategic asset: Building an accurate data system helps leaders make quick and accurate decisions.

(4) Security and optimization of operations: Ensuring a safe, transparent, highly secure management system, while reducing operating costs.

Mr. Le Dinh Hien, Chairman of the Board of Directors of LHC affirmed: “We not only want to digitize but also want to reshape the Institute of Enterprise Operations through digital transformation. The cooperation with FoxAI and Blockchain and AI Technology is a strategic investment, helping LHC be ready for the future”.

To successfully complete the project, LHC is committed to strongly investing in AI, data and human training, while promoting new innovations throughout the management system. In addition, Mr. Hien is also reluctant to “give rewards” to individuals and teams that excel in the digital transformation process.

Mr. Le Viet Truong, General Director of FoxAI said: “This project not only helps LHC digitize its operating processes but also opens the era of smart management with AI. FoxAI is committed to providing not only a powerful ERP system, but also an AI platform that helps businesses optimize all operations, provide growth and enhance competitiveness”.

Mr. Nguyen Duc Long, Director of Digital Transformation at the Institute of Blockchain Technology and AI also shared: “Digital transformation is not only a story about technology, but also a change in leadership thinking. AI will not replace humans, but will help people make better, faster, and more accurate decisions. LHC is on the right track when connecting digital transformation to capacity development with AI”.

LHC is one of the leading businesses in the field of construction materials production and hydraulic works in Vietnam, currently with a capital regulation of 144 billion VND. LHC shares on the stock exchange are currently trading near the historical peak at VND74,300/share. The corresponding market capitalization is slow at VND1,100 billion.

In 2024, LHC recorded net revenue of VND1,229 billion, an increase of nearly 10% over the same period last year. Profit after tax reached VND117 billion, a slight decrease of nearly 6% compared to 2023. With the achieved results, the enterprise has successfully completed 12% of the revenue plan and 42% of the profit plan for the whole year.

On March 20, LHC will close the list of shareholders attending the 2025 Annual General Meeting of Shareholders and pay interim dividends in February 2024. Accordingly, the company will pay cash dividends at a rate of 10%, equivalent to shareholders owning 1 share will receive VND1,000. With 14.4 million listed and outstanding shares, LHC will have to spend VND 14.4 billion to pay dividends to shareholders in this advance. The expected dividend payment date is April 18.

A few days later, LHC will hold the 2025 Annual General Meeting of Shareholders scheduled for April 20, the location of which will be announced in the invitation. The meeting is expected to approve the 2024 results and the 2025 business plan, select the 2025 Auditing Company, and finalize the remuneration of the Board of Directors and the Supervisory Board in 2024 and approve the remuneration of the Board of Directors and the Supervisory Board in 2025, etc.