With a background of experience in building many urban areas, civil housing projects and construction permits of up to 30 floors, Viettel Construction will meet the needs of domestic and foreign investors with a strategic plan. new expansion. Vision to become a multi-sector contractor implementing high-rise buildings, industrial park infrastructure, factories, large-scale low-rise civil construction and traffic infrastructure projects in Vietnam.
Accordingly, Viettel Construction will add new implementation items such as:
* High-rise building project:
– Pile part and underground part..
– Foundation part, body part, MEP part, fire protection part.
* Industrial park project:
- Deployment of transport infrastructure.
- Residential buildings and workshops, ancillary parts.
Some outstanding projects of Viettel Construction have implemented a variety of items:
The expansion of the field of construction of high-rise buildings and industrial parks will help Viettel Construction promote its strengths of capital resources, 13 years of construction experience, and 27 years of construction experience. Apply IT and 5s to operations to ensure progress and quality of works. Applying the management system of occupational health and safety ISO 45001:2018 and occupational safety during construction that Viettel Construction has standardized before.
For the large-scale low-rise construction segment, Viettel Construction will build a list of typical beautiful house models with many different styles so that when customers have construction needs, they can refer and choose immediately. The architects will base on the construction location and the suitability of the climate, preferences, budget, etc. to personalize the living space of each house, shortening the design time of the plan.
Despite losing its growth momentum before the pandemic, Vietnam's construction market is still a bright spot in the Asia-Pacific region, valued at about $60 billion in 2021 and forecasted to grow at a faster rate. growth of more than 8.71% in the period 2022-2027. Supply of real estate market in two big cities, Hanoi and Ho Chi Minh City. Ho Chi Minh City has declined in the last 2 years due to the effects of the Covid-19 epidemic and legal issues. In total, there are only about 14,000-17,000 new apartments in these two cities in 2021, equivalent to 50% and 47% of the average new apartments for the whole period from 2015-2019, respectively. However, consumption demand will still increase in the coming years, according to CBRE, from which the source of work on the construction of new projects in the future will still be ensured. In 2022, it is expected that many projects will begin construction, stretching from the North to the South, which is an opportunity for the construction industry and Viettel Construction can take advantage of to recover.
Data source from CBRE (Research and consulting unit, valuation, asset management, project management)
Analysts believe that Vietnam is an economy with good growth potential in Asia and promises to have a good recovery momentum in 2022. Since then, FDI inflows into Vietnam will be especially improved. especially in the last months of the year, when the epidemic is under control and policies to remove difficulties for businesses gradually take effect.
As of August 20, 2022, the total newly registered capital, adjusted and contributed capital to buy shares, purchase capital contribution (GVMCP) of foreign investors (foreign investors) reached nearly 16.8 billion USD, capital adjusted investment and GVMCP continued to increase over the same period.
Foreign investors have invested in 18 sectors out of a total of 21 national economic sectors. Real estate business ranked second with total investment capital of over 3.3 billion USD, accounting for 19.9% of total registered investment capital. Foreign investment has invested in 53 provinces and cities across the country in the first 8 months of 2022. Ho Chi Minh City leads with a total registered investment capital of over 2.7 billion USD, Binh Duong ranks second with total investment capital. invested nearly 2.64 billion USD, Bac Ninh ranked third with a total registered investment capital of nearly 1.75 billion USD.
Pictures of Viettel Construction employees at the project site
By the end of the first 8 months of 2022, the rate of disbursement of public investment capital of the whole country reached 39.15% of the plan assigned by the Prime Minister, but in September, within a month, the disbursement progress had already been made. positive change when reaching 46.7% rate. Notably, the absolute disbursement in 2022 increased by about 16% over the same period last year.
Speaking at the National Online Conference on accelerating the disbursement of public investment capital and implementing 3 National Target Programs (September 26, 2022), Deputy Minister of Planning and Investment (MPI) Tran Quoc Phuong said that although the disbursement progress of public investment capital in the first 9 months of the year was not as expected (estimated at 46.7% of the plan assigned by the Prime Minister), it reflected the trend and characteristics of investment capital. It is the beginning of the year of construction, accumulating volume, and at the end of the year, payment is made.
With the competitive advantage that Viettel Construction owns and the great opportunity from the market, it will help the Corporation promote its capacity, conquer the goal of becoming a professional contractor and reach the top of the construction field in Vietnam.