VINACONEX ENTERS TOP 5 LARGEST CONSTRUCTION ENTERPRISES IN VIETNAM
Sat , 09/01/2021, 02:11:45 (GMT+7)
On January 8, Vietnam Report in collaboration with online newspaper Vietnamnet held an Announcement Ceremony for 500 Vietnamese Largest Enterprises (VNR500) for the 2020 period. According to Vietnam Report, Vinaconex continues reaching the TOP 5 largest Construction Enterprises in Vietnam.
VINACONEX, as one of the leading enterprises in the construction industry, has completed large-scale national construction projects in the civil, industrial, infrastructure, and traffic constructions, such as Thang Long Boulevard, National Convention Centre, Nhat Tan Bridge, Terminal T2 - Noi Bai International Airport, Noi Bai - Lao Cai Expressway, Cua Dat Hydropower project; Nghi Son Refinery and Petrochemical Complex, Long Son Refinery and Petrochemical Complex, etc.
VINACONEX is currently implementing construction projects worth around VND 15,000 billion. Despite the COVID-19 pandemic affection, the value of VINACONEX's new winning bid package in 2020 reached nearly VND 10,000 billion, ensuring a job source not only for 2020 but also for the following years thanks to the strategy of focusing on the segment of public-invested infrastructure projects and foreign-invested projects.
Regarding traffic construction, the joint venture contractors led by Vinaconex has kept winning three large-scale bidding packages under the Eastern North-South Expressway project (the sectors of Phan Thiet - Dau Giay, Vinh Hao - Phan Thiet, Mai Son - National Highway 45) with a total value of about VND 8,000 billion, the Package No. 05/VT2-XL under Vinh Tuy Bridge Construction Investment Project - phase 2 (Hanoi) and a number of other major traffic projects.
As for civil construction, it can be mentioned Mikazuki Spa & Hotel Resort complex worth VND 1,010 billion, Hanoi People's Court, K Hospital, etc. In terms of industrial works, there’re main infrastructure constructions of Hoa Lac Hi-tech Park worth VND1,400 billion; Package G Long Son Refinery and Petrochemical Complex, Tan My Hydropower Plant, Dak Ba Hydropower Plant; BW Bau Bang Project; Foxxcon project, etc.
This is the 14th consecutive year that the ranking of 500 Vietnamese largest enterprises (VNR500) honored large-scale enterprises having effective and sustainable production and business activities in light of many obstacles and challenges rising due to the COVID-19 pandemic.
With transparent, public, and scientific appraisal and evaluation, the VNR500 Ranking is formed to help enterprises enhance their reputation and brand name, attract more resources, approach new business opportunities by gaining more trust of partners and investors, as well as to assist enterprises to improve their competitiveness and sustainable growths as Vietnam's integrating into the global economy.
Founded in 1988 after successfully restructuring ownership to an enterprise without state capital, Vinaconex focuses on three core areas of construction, real estate, and financial investment. As of September 30, 2020, Vinaconex had total assets of VND 19,357 billion, equity of VND 8,979 billion, and contributed capital in about 40 units operating in a variety of industries, including construction, real estate, energy, clean water, education, and labor export, etc. With its three core areas of construction, real estate, and financial investment, Vinaconex is on the verge of becoming a leading economic corporation in Vietnam and the region. |
