Standards of revenue, profit, shareholder benefits or financial numbers will no longer be the only measurements of Viettel Construction. The Corporation has aimed to expand the criteria of adaptation, resilience and recovery in the face of unprecedented challenges.
Aim to integrate business values, goals and metrics to minimize risks and capture related opportunities. Viettel Construction oriented effective management according to ESG (Environmental – Social – Governance). Balancing the three-legged stool "environment - society - governance" will help Viettel Construction contribute to the sustainable development of society. And vice versa, a good social environment will be an opportunity for businesses like Viettel Construction to move toward sustainable development.
Since the Covid-19 pandemic, consumers have tended to choose green and sustainable products that are truly effective for health and the environment. Consumers are sympathetic and easily support brands that are responsible for the environment and climate change. This once again affirms Viettel Construction's rapid transformation and aspirations in the face of world market trends.
Accordingly, Viettel Construction builds a sustainable development report for 2023 according to international standards and practices, including 3 main contents: Overview of Viettel Construction; Strategy and Management for Sustainable Development; Efficiency in key areas.
Viettel Construction's 2023 Sustainable Development Report
OVERVIEW OF VIETTEL CONSTRUCTION:
Viettel Construction was established in 1995, from a pure construction unit, to now become the leading multi-service provider corporation in Vietnam. With the mission of promoting the 4.0 industrial revolution to businesses and households, Viettel Construction has built a comprehensive product and service ecosystem, maximally meeting customer needs.
Based on the management strategy (3 Cores, 4 Factors, 3 Keys) and application of the SCOR supply chain model, Viettel Construction has determined its development strategy for the period 2023-2025. As follows:
Year 2024:
– Improve competitiveness in the field of Operations and Exploitation.
– Develop the field of infrastructure investment for rent, bringing long-term value to the Corporation.
– Providing an ecosystem of civil construction services (XDDD), Solutions and Technical Services for businesses and households.
Year 2025:
– Go Global strategy and expanding business activities in the construction field.
– Upgrade the closed service ecosystem: Design – Deploy – Operate – Optimize smart connection infrastructure.
Viettel Construction has had a long chain of growth for many years in both revenue and profit. The Corporation's 2023 revenue will reach 11,399.4 billion VND, growing 22% compared to 2022 and exceeding 10% of the plan. Pre-tax profit is estimated at 645.4 billion VND, growing 16% compared to 2022 and exceeding the full year target by 5%.
Viettel Construction's business activities grew in all fields, of which: Construction grew up to 47%; Rental Infrastructure Investment sector grew by 39%; Operation and exploitation grow by 13%;... Overall, in the period 2019-2023, Viettel Construction achieved a compound growth rate of 22% in revenue and 33.5% in profit.
Based on the results Viettel Construction has achieved, in 2023 the Corporation will be on the list of 17 prestigious domestic and foreign awards such as: Top 50 Excellent Growth Companies in Vietnam; Top 50 "excellent" profitable companies in Vietnam; Digital Transformation Award; Top 1 Best Place to Work in Vietnam in the field of Construction/Architecture (Anphabe); Top 50 best listed companies in Vietnam (Forbes);…
STRATEGY AND MANAGEMENT FOR SUSTAINABLE DEVELOPMENT:
1. Sustainable development strategy:
Viettel Construction defines its vision of becoming an investor, operator, and provider of smart, highly efficient projects. Aiming to become a Corporation with billion-dollar revenue by 2030. Therefore, Viettel Construction determines to operate and develop in the direction of green networks, green works - green energy, to ensure sustainable development goals for environment.
This activity is linked to 17 key goals of the United Nations: Eradicating poverty, eradicating hunger, clean and affordable energy, decent work and economic growth, innovation industry and infrastructure ,…
List of 17 key criteria of the United Nations
2. Sustainable development management: The Corporation builds a management system according to international standards and practices, integrating into all business activities. Aiming to be consistent and harmonize the economic development benefits and social responsibilities of the Corporation.
3. Risk management: Viettel Construction focuses on the following aspects: People - Process - Technology - Management. In addition to proactively responding to risks, Viettel Construction also finds new opportunities from the identified problems (turning risks into opportunities).
4. Compliance with the law: Compliance with the law is the foundation for Viettel Construction towards sustainable development. The Corporation always ensures compliance with regulations and implements public and transparent information disclosure procedures in accordance with the law for public companies.
5. Ethics and integrity: Viettel Construction's Code of Conduct has been promoted after its promulgation and widely applied in the working process. Efficiency is present for each employee during the working process, especially the attitude and sense of responsibility that help ensure consistent quality of service provided to customers.
6. Engage relevant parties: In order to reduce the burden on customers during the process of using products and services, Viettel Construction has cooperated with many banking organizations to deploy installment payment methods. Many social activities have connected people and organizations in 63 provinces/cities such as: Gratitude to families of war invalids and martyrs; Waves and computers for me; giving away solar lights;…
7. Key topics associated with 17 sustainable development goals: Viettel Construction affirms that industry-specific issues are reviewed and applied by the Corporation according to the direction of sustainable development. Contribute to promoting a strong community and equitable society.
Details of Viettel Construction's performance in key areas according to a set of 17 criteria at: Sustainable Development Report for 2023.