Vinaconex: Build Your Values, Inspire Your
met Mr Nguyen Van Tuan, Vinaconexs Chairman after his trip to Australia, taking
part in the 15th APEC. He was pleased to talk about achievements of Vietnam's
delegation, and development orientation to shift Vinaconex into a
multi-business group in the region and the world.
Could you talk about
achievements of Vietnam business delegation and Vinaconex when taking part in
This is a successful
trip. Vietnam has become APECCCCs member since 1998; there has been improvement
in the relations between Vietnam and APEC on a large scale so far. The event
that Vietnam hosted APEC 2006 and successfully held 14th APEC has raised this
relation to a new height, helping Vietnam affirm its role in APEC. With that
power and strength, the Vietnamese delegationnnns participation in 15th APEC
was highly appreciated by international community, drawing great interest from
world big investors and economic corporations seeking cooperation and
investment opportunities in Vietnam.
delegations trip including Vinaconex this time has achieved good results in
many aspects. At Vietnam- Australia Business Forum, with the attendance of
Vietnamese President Nguyen Minh Triet and Australian Minister of Trade, I
signed a contract with WK Marble and Granite Company to export Vinaconex's high
standard ashlars facing stones to Australian market. The project has total
value of US$60 million in duration of 5 years.
Besides the official
programs of the delegation, we took part in some bilateral meetings with
financial investors, real estate companies, potential building contractors from
Australia and New Zealand. These meetings have opened new chances for Vinaconex
to corporate with Australia's and New Zealand's businesses in the future.
The brand name
'Vinaconex' has been highly appreciated by big investors, and its shares on the
Vietnam stock market have drawn great attraction. Could you share success
experience of Vinaconex after 19 years of development?
I think that human
resource is the key factor for a busines survival, which is particularly
important to the development of a country on the integration process like
Vietnam. Vietnam has seen high economic growth in the past years and won the
faith of strategic investors, so it is compulsory to have strong human resource
to make those chances real value. Because of the awareness of this, we have
paid great attention to human resources since the company was established.
Annually, the group spends 5-10 per cent of the company's budget to train its
staff and workers.
Besides, we are
particularly concerned about enhancing the international cooperation and
consider it a school to train ourselves. So far, Vinaconex has built
cooperation relations with more than 60 countries and territories in the world,
including LG, TPG, Taisei, Sumitomo, Posco. We started with exporting labors
and experts, then expanded to other aspects such as international tender
cooperation, architectural consultant, planning, new technology applications,
and international credits.
At present, I can take
pride that Vinaconex employees can work together with foreign experts in
implementing Vinaconexxxxs projects in order to 'build values and set up
dreams'. We have created many valuable constructions in Vietnam such as Bai Chay
Bridge and Nga Tu So overpass, two first cable- stayed bridges with one plane
in Vietnam. Bai Chay bridge has the length of 435 metres, passing Cua Luc
channel with the height of 50 metres from the ground placed on two pillars with
the height of 137 metres. This bridge hit the world record in cable-stayed
bridge with one plane. Vinaconex has also built high buildings by new
technology, industrial zones and urban areas.
We have also developed
technology to manufacture components for pre-stressed concrete. At present,
this kind of product is applied widely in civil and industrial projects in
Vietnam with hundreds of thousand square meters of concrete annually. Vinaconex
also produces fibre glass pipes, artificial ashlars facing stones etc. These
products are applied in many developed countries and they are manufactured in
Vietnam by Vinaconex.
Could you please talk
about Vinaconexs strategic orientation in the coming time to tap opportunities
in post WTO period and inherit achievements obtained in the past 19 years?
The WTO membership
proved that Vietnam's economy has overcome strict requirements set by the
international community. Vietnamese businesses are striving to further
integrate into the world economy, and Vinaconex is not an exception. We target
to build Vinaconex towards a multi-business and multi-ownership group by 2010,
maintain the annual growth rate of 20 per cent 25 per cent, and improve our
employees living standard. Under the plan, Vinaconex completed the
corporationnnns privatisation in 2006, raising more fund for its investment
projects. We will try to finish operating projects including Buon Kuop, Buon
Tua Shar, Ngoi Phat, Cua Dat and Doc Cay Hydropower Plants to generate
electricity in 2009; and Cam Pha, Yen Binh Cement Plants, real estate projects
and tourism projects such as An Khanh, Cat Ba and Thao Dien. We believe that
what Vinaconex has been doing will attract strategic investors in the coming
(Le Hien - Vietnam
23/08/2011 02:45:11 PM