THE 35TH ANNIVERSARY CEREMONY OF VINACONEX JOINT STOCK CORPORATION’S ESTABLISHMENT

Each and every Vinaconex human always holds dear the dream of making a small contribution to shaping the country, which resides in their heart. This dream has been the driving force behind Vinaconex's success in overcoming challenges during the 35-year journey to conquer the dream.

On September 25, 2023, in Hanoi, VINACONEX Joint Stock solemnly held the 35th Anniversary of the Corporation's establishmenty (September 27, 1988 - September 27, 2023).
The ceremony had the attendance of:

• Leaders, former leaders of the Party and State, Central Ministries - Departments - Sectors;
• Leaders and former leaders of provinces, cities and localities;
• Leaders of domestic Corporations, Comapnies, partners and corporate clients;
• Leaders of international Corporations, Comapnies, partners from Japan, Korea, America, France, Australia, etc.
• Mr. Vu Khoa, the former General Director, the former and initial Chairman of the Board of Directors of the Corporation.
• The comrades who were former Secretaries of the Party Committee, Chairmans of the BOD, General Directors; leaders of the Corporation throughout the periods

On Vinaconex's side, there was the attendance of the following:

• Mr. Dao Ngoc Thanh, Secretary of the Party Committee, Chairman of the Corporation’s BOD.
• Mr. Nguyen Xuan Dong, General Director of the Corporation.
• Members of the Corporation’s Board of Directors, Board of Managers.
• Representatives of the Party Committee, Trade Union, Youth Union, key officials of the Corporation and its member units.
• Along with all employees and workers throughout the VINACONEX system.

Representing the Corporation at the ceremony, Mr. Dao Ngoc Thanh, Secretary of the Party Committee and Chairman of the Board of Directors, conveyed his heartfelt appreciation for the assistance and support received from the Party, State, Ministries - Departments - Sectors, and other agencies, who have been accompanying together with Vinaconex throughout its journey of growth and development, resulting in its current position as one of Vietnam's leading brands in the Construction industry.
Significantly, in 2018, as a result of the Government's Equitization policy, shareholders holding State capital effectively divested their shares, signifying VINACONEX's official transformation into a fully private enterprise. This marked the beginning of an exciting new journey filled with obstacles. After 5 years of restructuring, the determined and courageous VINACONEX humans have remained unwavering in their “Journey to conquer the dream”.

The Chairman emphasized over the past 35 years, countless dreams, aspirations, difficulties, challenges, and concerns from multiple generations have shaped VINACONEX into the thriving entity it is today. The Board of Directors and employees deeply appreciate the contributions made by predecessors to this success. In particular, the deepest gratitude was extended to Dr. Vu Khoa, affectionately known as the "Big Brother" - the first leader who laid the foundation for VINACONEX to become a strong multi-industry corporation.

Throughout the 35-year journey of construction and development, the Vinaconex humans have always embraced a mindset of being “prideful, confident, never complacent”, fully prepared to overcome any obstacles hurdles, remaining resolute on the journey to conquer the dream.

Born in hardship

In the late 1980s, on September 27, 1988, Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex), formerly known as Overseas Construction and Service Company, was established. Vinaconex successfully managed over 10,000 Vietnamese construction industry workers abroad despite limited resources.
Through various operational models and outstanding dedication, Vinaconex has emerged as one of the leading enterprises in the construction industry, focusing on three key areas: construction, real estate investment, and financial investment.

Specifically, over the last 5 years, after the state capital shareholder completed their divestment in December 2018, Vinaconex transformed into a fully private enterprise operating in three key areas: construction, real estate investment, and financial investment. Besides, VCG stock listing was moved from HNX to Ho Chi Minh City Stock Exchange (HOSE). This milestone signifies a next phase of development for the Corporation, opening up numerous collaborative prospects, attracting more strategic and long-term investments to facilitate further growth in production and business operations. This would yield advantages for shareholders, investors, and employees while making valuable contributions to the country's development.
Honored to participate in key national projects
Period from 1995 to 2000: With exceptional capabilities, Vinaconex achieved remarkable success in executing large-scale civil and industrial construction projects, including Quy Cao Bridge in Hai Phong city, the first completed construction in the transportation sector. Additionally, the Corporation ventured into investment development with the implementation of Dung Quat water plant (with a capacity of 15,000 m3/day-night) under the Build – Own – Operation (BOO) model.
Period from 2000 to 2008: The Trung Hoa - Nhan Chinh new urban area, invested and constructed by Vinaconex, became operational in 2006. It was among the first well-planned and exemplary urban areas in the Capital, marking the beginning of a chain of urban areas along Lang Hoa Lac Street. That transformed the West and Southwest of Hanoi into a vibrant and extensive urban space. Moreover, Vinaconex's accomplishments extended to various industrial production projects including the Cam Pha Cement Factory, Da River water plan, Cua Dat hydroelectric plant, etc. These projects have not only become the pride for Vinaconex but also made substantial contributions to the socio-economic development of localities and the country as a whole.

Vinaconex was actively involved in the construction and successful completion of several key national projects commemorating the 1000th anniversary of Thang Long – Hanoi including the Hanoi Museum, Thang Long Avenue, etc. Vinaconex continued strengthening its position, brand reputation, and international collaboration capability through projects of the Noi Bai International Airport’s Terminal T2 and Nhat Tan Bridge.
From 2019 to 2023, a 5-year period unfolds, symbolizing the successful restructure of Vinaconex into a state-capital-free enterprise model. With new state and opportunities, Vinaconex has consistently conquered major infrastructure projects such as energy facilities, river crossings, espressways, airports, ports and so on across the country. As a contractor and leader in joint ventures, Vinaconex proudly participates in the inauguration ceremonies of key national projects. Typical projects include packages to build Vinh Hao - Phan Thiet, Phan Thiet - Dau Giay, Mai Son - National Highway no. 45, etc sections under the Eastern North-South Expressway (phase 1) investment project; as well as technically complex projects like Phu Bai International Airport in Thua Thien Hue or Vinh Tuy Bridge (phase 2) in Hanoi city, which were successfully completed and inaugurated on National Day (September 2), four months earlier than scheduled and without overspending on capital.

Additionally, several other civil works were also constructed by the Corporation, including the Hanoi People's Court Headquarters, Hanoi Children's Palace, Central K Hospital 1 and 2 in Hanoi, Nam Dinh Provincial General Hospital. Moreover, energy projects such as the expansion of Yaly Hydropower Plant in Gia Lai were also carried out. 

Vinaconex with the Joint Venture partners has been diligently working on constructing substantial components of the Eastern North-South Expressway investment project (2021-2025). Specifically, they include package no. 11-XL for the Bai Vot – Ham Nghi (Ha Tinh province) section, package no. XL02 for the Van Phong - Nha Trang section (Khanh Hoa province), etc. with a total construction value of up to trillions of VND.
Vinaconex kept winning the international investors’s trust through its successful execution of various large-scale projects, such as the Mikazuki Spa & Hotel Resort project in Da Nang with a construction value exceeding VND1,000 billion. Vinaconex General Contractor completed this project on schedule and with exceptional quality, earning high praise from the Japanese investor - Mikazuki Group; Long Son Refinery & Petrochemical Complex (Ba Ria - Vung Tau province); Cheng Long project (Binh Duong province); Vung Ang 2 Thermal Power Plant; investment project to build the clean industrial park in Hung Yen and so on.

Restructuring successfully

The past five years have not been a long span but have witnessed remarkable progress and achievements of Vinaconex across all its operational areas. Despite challenges and the impact of the Covid-19 pandemic, the Corporation has always upheld its position as one of Vietnam's largest enterprises, maintaining sustainable growth, maximizing benefits for shareholders, as well as ensuring jobs and enhancing income for the employees.

Regarding the real estate investment, having a land fund of over 2,000 hectares with ongoing expansion plans, Vinaconex aims to develop projects of regional and global stature but still preserve the Vietnamese cultural quintessence within these projects.
One example that stands out is the Cat Ba - Amatina ecotourism urban area project, spanning over 172 hectares in Cat Ba island district, Hai Phong city. This project is expected to become one of the leading ECOFRIENDLY - SMART – HIGH-CLASS resort urban areas in Vietnam and internationally. It offers a wide range of modern, high-end international standard amenities, including canal resort area, a complex of 5-star hotels, marina, commercial center, both indoor and outdoor parks for sports and entertainment, etc.

Last year, Vinaconex successfully completed the Green Diamond 93 Lang Ha luxury complex of apartments and offices in Hanoi, capturing significant market attention and acceptance. Vinaconex has also actively accelerated the investment and construction of other real estate projects, including the Hoa Binh Boulevard urban area project in Mong Cai City, Quang Ninh; Thien An urban area; Kim Van Kim Lu urban area; Tam Ky resort (Quang Nam); Tuy Hoa tourist area (Phu Yen). Besides, the progress in key projects such as the High-tech Industrial Park 2 - Hoa Lac High-Tech Park and the Van Ninh - Quang Ninh general port project was also facilitated by Vinaconex.

As for the financial investment, Vinaconex has a group of companies operating in profitable fields such as energy, clean water, education, labor export, etc. The Corporation keeps carrying out mergers and acquisitions to expand its scale and bolster its position.
After the successful hydropower projects like Cua Dat and Ngoi Phat, Vinaconex had executed the construction of the Dakba Hydropower Plant in Quang Ngai province with a capacity of 30 MW, at the most rapid and efficient construction progress. While similar hydropower projects typically take 3 to 5 years, Vinaconex has managed to complete the Dakba project in just 2 years. In January 2023, this project started generating electricity for the national grid, showcasing Vinaconex's determination, construction capabilities, and advanced technology expertise, positioning Vinaconex at a world-class level in the energy and electricity investment and development sector.
Looking ahead, the future holds both opportunities and challenges for Vinaconex, that requires the Vinaconex humans to continue to uphold the tradition of unity, work with enthusiasm, and foster creativity. By doing so, Vinaconex aims to reach new heights and establish itself as a trusted brand, creating increasing value for the community and society. Ultimately, the corporation strives to become one of the leading economic groups in the field of construction and real estate investment. The goal is to take the Corporation to new heights, establishing itself as a trusted brand that adds more value to the community and society; aiming to become one of the top economic corporations in the construction and real estate investment industries.

Some photos at the 35th Anniversary Ceremony: