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PROJECT MANAGEMENT UNIT NO. 1: THREE-YEAR-REVIEW CONFERENCE ON PRODUCTION - BUSINESS ACTIVITIES

Tue , 07/11/2023, 14:00:00 (GMT+7)

With a strategic focus on promoting engagement in key works and projects, while enhancing Vinaconex's reputation and brand in the construction market, on November 5, 2020, Project Management Unit No. 1 was established and has actively advanced the construction and modernization of the country's infrastructure and transportation infrastructure.

On November 6, 2023, a conference was held at the Corporation’s headquarters by PMU 1 to review the production and business activities in the past three years. In attendance were Mr. Dao Ngoc Thanh, the Corporation's Secretary of the Party Committee and Chairman of the Board of Directors and Mr. Nguyen Xuan Dong, the Corporation's General Director, all of whom extended their congratulations.
The conference was also attended by Mr. Nguyen Manh Cuong, Deputy Secretary of the Party Committee and President of the Corporation's Trade Union, along with members of the Standing Party Committee, the Board of Directors, the Board of Supervisors, the Board of Management, leaders of functional departments in the Corporation, and leaders of Corporation’s member units in the Northern region.
Representing Project Management Board 1, there were the Deputy General Director Nguyen Huu Toi; Director Pham Thai Duong; the Board of Managers, Directors of the Management Board, Site managers of projects, and the entire employees.

PROJECT MANAGEMENT UNIT NO. 1: THREE-YEAR-REVIEW CONFERENCE ON PRODUCTION - BUSINESS ACTIVITIES
Overview of the conference

At the conference, Mr. Pham Thai Duong, the Director of PMU 1, presented a report summarizing the production and business activities of the unit. Despite encountering challenges such as the Covid-19 pandemic, fluctuations in raw material prices, and intense market competition in the past 3 years, thanks to the full support of the leaders and outstanding efforts itself, PMU 1 successfully executed 30 projects including 15 civil, hydropower, and airport packages, as well as 15 transportation infrastructure packages nationwide, with a total value of VND 20,805 billion. The management and execution of the construction packages always comply with commitments to the Investor. The unit consistently achieved growth in both output and revenue targets set for each year.

PROJECT MANAGEMENT UNIT NO. 1: THREE-YEAR-REVIEW CONFERENCE ON PRODUCTION - BUSINESS ACTIVITIES
Giám đốc Ban QLDA 1 Phạm Thái Dương báo cáo kết quả hoạt động SX – KD giai đoạn 2020 - 2023

PMU 1 has so far achieved successful completion and timely handover of substantial packages within the Eastern North-South Expressway construction project (phase 1), Vinh Tuy Bridge (phase 2), and various civil works with required quality. Remarkably, several projects were even completed ahead of schedule, garnering the trust and high appreciation of the Investor and significantly contributing to enhancing the reputation and brand of Vinaconex contractor.

PROJECT MANAGEMENT UNIT NO. 1: THREE-YEAR-REVIEW CONFERENCE ON PRODUCTION - BUSINESS ACTIVITIES
The General Director of the Corporation, Mr. Nguyen Xuan Dong, acknowledged and congratulated the recent achievements of PMU 1.

In his speech, General Director Nguyen Xuan Dong not only applauded the achievements of PMU 1 but also asked the unit to keep fostering solidarity, creativity, and capacity in all aspects in order to enhance competitiveness, ensuring that the Corporation maintains its leading position in the construction industry in Vietnam.

PROJECT MANAGEMENT UNIT NO. 1: THREE-YEAR-REVIEW CONFERENCE ON PRODUCTION - BUSINESS ACTIVITIES
Deputy General Director Nguyen Huu Toi delivered his speech at the Conference

Deputy General Director Nguyen Huu Toi expressed his gratitude to the Corporation's Board of Directors, Members' Council, and functional departments for their support in completing the tasks of Project Management Board 1.

PROJECT MANAGEMENT UNIT NO. 1: THREE-YEAR-REVIEW CONFERENCE ON PRODUCTION - BUSINESS ACTIVITIES
The conference featured discussions on the current status and proposed solutions to enhance the operational efficiency of specialized units under PMU 1.

Following directives from leaders at all levels, Mr. Pham Thai Duong, the Director of PMU 1, assured that all employees would try their best to fulfill their responsibilities successfully, enhancing the development of human and material resources essential for undertaking construction projects in various fields. In the near future, under the guidance of Deputy General Director Nguyen Huu Toi, PMU 1 would keep developing a “united – responsible – professional” collective, thereby making significant contributions to the Corporation's growth.

PROJECT MANAGEMENT UNIT NO. 1: THREE-YEAR-REVIEW CONFERENCE ON PRODUCTION - BUSINESS ACTIVITIES
Vinaconex is proud to have been chosen as the contractor for the construction of Phu Bai International Airport, a project featuring the most unique architecture in Vietnam that was officially inaugurated on June 17, 2023
PROJECT MANAGEMENT UNIT NO. 1: THREE-YEAR-REVIEW CONFERENCE ON PRODUCTION - BUSINESS ACTIVITIES
Despite the impacts of the COVID-19 pandemic, Vinaconex successfully completed various component projects under the Eastern North-South Expressway Construction Investment Project (Phase 1) (2020 – 2023) as scheduled.
PROJECT MANAGEMENT UNIT NO. 1: THREE-YEAR-REVIEW CONFERENCE ON PRODUCTION - BUSINESS ACTIVITIES
Vinh Tuy Bridge Phase 2, a key project in the capital city, was completed by Vinaconex and the Joint Venture contractors 6 months ahead of schedule and within the allocated budget.
PROJECT MANAGEMENT UNIT NO. 1: THREE-YEAR-REVIEW CONFERENCE ON PRODUCTION - BUSINESS ACTIVITIES
The construction of the bridge over Yen My freshwater lake under the Nghi Son - National Highway 45 section implemented by Vinaconex meets stringent environmental, technical, and aesthetic standards, reaffirming Vinaconex's reputation and expertise in constructing large bridges.

Every project that the staff of PMU 1 completed shows their intelligence and creativity. It not only gives them a good base to keep contributing but also motivates the younger generation to join in and help the Corporation achieve new successes in the journey to conquer the dream.

PROJECT MANAGEMENT UNIT NO. 1: THREE-YEAR-REVIEW CONFERENCE ON PRODUCTION - BUSINESS ACTIVITIES
PMU 1 would keep cultivating a “united – responsible – professional” collective, contributing significantly to the Corporation's growth.

 

With a clear and long-term strategic vision of focusing on and strengthening engagement in key and large-scale projects, Vinaconex established PMU 1 intending to enhance construction capabilities and foster the Corporation’s reputation and brand in the construction market. Since its establishment on November 5, 2020, PMU 1 has been proactive, positive, and committed to fulfilling its obligations to investors.
Over the past three years, PMU 1 has been assigned and executed 30 projects, including 15 civil, hydropower, and airport packages and 15 transportation infrastructure packages nationwide, with a total value of VND 20,805 billion. 
Over the past three years, there has been consistent growth in both output and revenue. In 2021, the figures stood at VND 2,070 billion for output and VND 1,125 billion for revenue. In 2022, these targets increased substantially, reaching VND 4,770 billion and VND 4,345 billion, respectively. By 2023, the output and revenue are estimated to hit VND 5,349 billion and VND 4,753 billion, constituting 110% and 106% of the planned amounts. 
PMU 1 has completed and handed over numerous packages, adhering to planned schedules and meeting the required quality. That earned the trust of the Investor and significantly bolstered the reputation and brand of Vinaconex contractor. Notable achievements include the completion of civil works such as the Hanoi People's Court, Phu Bai, Cam Ranh, and Da Nang International Airports, The Vinh Tuy Bridge (phase 2), which was finished four months ahead of schedule, all within the allocated budget; substantial bidding packages of the Eastern North-South expressway (phase 1) encompassing the sections of Phan Thiet - Vinh Hao, Phan Thiet - Dau Giay, Mai Son - National Highway 45, National Highway 45 - Nghi Son, and Nghi Son - Dien Chau. In particular, the construction of the Dien Doai overpass under package XL03 (Nghi Son - Dien Chau section), was completed in just 2 months, instead of the planned four months. These projects all required the ability to meet very high standards for quality and progress.
Currently, PMU 1 is dedicated to accelerating the construction progress of bidding packages for the Bai Vot - Ham Nghi, Vung Ang - Bung, and Van Phong - Nha Trang sections under the Eastern North-South Expressway project (Phase 2); the Phu Thu intersection construction investment project and the connecting road in Tien Hiep commune, Phu Ly city, as well as other key projects like Long Thanh International Airport, the expansion of Yaly hydropower plant, Nam Dinh Provincial General Hospital, Hanoi Children's Palace, etc.

 


 

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