VINACONEX: 36-YEAR-JOURNEY OF SHAPING THE FUTURE

Over the past 36 years, VINACONEX’s dedicated officers and employees have taken great pride in contributing a small part to the development of our homeland as part of their mission to shape the future.

On September 27, 2024, VINACONEX Joint Stock Corporation celebrated its 36th anniversary of the Corporation's founding (September 27, 1988 - September 27, 2024) in a formal ceremony attended by:

Party Secretary and Chairman of the Strategic Board Dao Ngoc Thanh; Chairman of the Board of Directors Nguyen Huu Toi; Member of the Board of Directors and General Director Nguyen Xuan Dong; as well as representatives from the Party Committee, Board of Directors, Board of Management, Supervisory Board, Trade Union, Youth Union, and key officials from the Corporation and its member units. The event also honored former leaders who have contributed to VINACONEX’s journey

During the Ceremony, General Director Nguyen Xuan Dong delivered a speech reflecting on VINACONEX’s growth, achievements, and future strategy.

Since its founding in 1988, through 36 years of hardship and challenges, VINACONEX has grown into a leader in Vietnam’s construction sector. The Corporation’s influence now extends nationally and internationally, with a reputation for quality and reliability. Today, VINACONEX’s leadership and workforce continue to uphold its legacy through unity and innovation, building impactful construction projects that contribute to the nation’s industrialization and modernization goals.

This year, 2024 can be considered a new milestone in VINACONEX’s journey, marking five years (2019-2023) as a privately-operated enterprise without state capital. Despite competitive pressures and nearly two years of COVID-19-related losses, the corporation has steadily grown across its three core pillars: construction, real estate investment, and financial investment. VINACONEX’s achievements in these areas have solidified its position as a leading brand in Vietnam.

In the construction sector, VINACONEX has solidified its reputation for excellence in transport infrastructure by securing major contracts for high-value packages in the Eastern North-South Expressway project, as well as key airport projects (the T2 Expansion at Noi Bai International Airport, Phu Bai - Hue International Airport, and Phase 1 of Long Thanh International Airport). The Corporation has also completed prominent civil and industrial projects, such as the Hanoi People's Court, National Cancer Hospital (Hospital K), Yali Hydropower Plant, and Dakba Hydropower Plant.
VINACONEX’s capabilities continue to impress international partners from Japan, South Korea, and Taiwan, with standout projects like the Mikazuki Resort Hotel Complex in Da Nang city, Long Son Petrochemical Refinery in Ba Ria - Vung Tau province, and Cheng Loong Industrial Park in Binh Duong province. At the 2024 Top 10 Real Estate - Construction - Construction Building Materials Companies ceremony organized by Vietnam Report on April 24, VINACONEX proudly ranked 2nd among the Top 10 construction contractors for 2024.

In real estate, a core pillar of VINACONEX’s strategy, the Corporation is pursuing new projects in Quang Ninh, Quang Nam, and Phu Yen while researching and planning some urban and industrial park developments across the country. The successful relaunch of the Cat Ba Amatina project after adjusting investment plans due to unfavorable market conditions underscore VINACONEX’s re-entry into the competitive real estate market. Additionally, the completion of the Green Diamond 93 Lang Ha project has driven revenue, profit, and building the VINACONEX brand in the high-end real estate segment.

In financial investment, VINACONEX has demonstrated a strong commitment to restructuring, effectively deploying mergers and acquisitions, ensuring stable cash flow, and enhancing competitiveness. The Corporation maintains or increases its stakes in high-margin sectors like education, energy, and clean water, reinforcing sustainable growth. These achievements have enabled VINACONEX to successfully navigate market challenges, secure stable dividends for shareholders, maintain jobs, and steadily increase employee incomes; affirming the Corporation’s reputation and reliability in both domestic and international markets; building many contructions, projects to serve for the socio-economic development in Hanoi and the nation at large

Addressing new challenges and opportunities, General Director Nguyen Xuan Dong emphasized key priorities for VINACONEX, including maintaining stability and safety across operations, strengthening risk management, and building up resources in finance, equipment, and human capital. Employees at VINACONEX are encouraged to honor the corporate legacy, foster a spirit of innovation, and embrace new investment methods, business models to propel the Corporation forward during the next five-year development phase (2024-2029). Emphasis is placed on professional growth, accountability, and the active adoption of scientific and technological advancements to improve management and operational effectiveness.
At the ceremony, the Organizing Committee announced the outcomes of recent emulation movements in production, labor, and sports, marking the 36th anniversary of VINACONEX’s founding.

In addition to the deep gratitude for the sacrifices and contributions of generations of Vinaconex workers over the past years, Dao Ngoc Thanh also affirmed that, leveraging past achievements and embracing new opportunities, VINACONEX is set to develop across its three core pillars: construction, real estate investment, and financial investment. This growth will be strengthened by fostering the roles of the Party organization, Trade Union, and Youth Union, which serve to build connection, solidarity, and support among VINACONEX member and with community.
Comrade Thanh emphasized that recent accomplishments in Party and mass activities have reinforced unity and trust across the Corporation, highlighting the Board’s commitment to guiding VINACONEX under a new strategic framework while honoring the traditional values established by its workforce over the past 36 years. The Corporation's vision is to position VINACONEX as one of Vietnam’s leading economic groups in construction and real estate investment, creating more material and cultural contributions to society, enhancing shareholder value, and employee welfare.

Some photos at the ceremony: