Hai Long Construction's successful 25-year journey

Vietnam Report announced its Top 10 Most Reputable Building Contractors for 2024 on April 24 and Hai Long Construction was honoured to receive a spot on the prestigious list, which was selected based on scientific and objective principles to honour the key businesses in Vietnam's infrastructure and structural engineering industry.

According to Vietnam Report, the construction sector began 2023 with few positive signals. Economic growth was not as expected and market confidence was weak, causing debt problems and the supply of jobs to decrease, and the lack of available capital caused even more difficulties. Hai Long Construction was not immune to this situation, remembers Pham Anh Tien, chairman of Taiyo Group and Hai Long Construction JSC.

"Hai Long Construction is not impervious to the difficult economic realities faced by other firms. However, thanks to a methodical strategy and careful preparation, we have turned a corner spectacularly and maintained strong growth. This has made the company the only representative from Haiphong to be ranked in the Top 10 Most Reputable Building Contractors in Vietnam for 2024," said Tien.

The 25-year journey of Hai Long Construction

At the end of fiscal year 2023, Hai Long Construction posted revenue surpassing $110 million, reaching 160 per cent of the planned target. At the same time, Hai Long Construction achieved its goal of becoming a top general contractor in construction and steel following the implementation of its Steel Structure Factory No.3, which increased the total annual output of steel to 40,000 tonnes a year.

To achieve this goal, the company had invested in a series of machinery upgrades and new construction equipment, as well as upgrading its management and human resources systems.

Throughout its 25-year history, Hai Long Construction has consistently aimed to consolidate and strengthen its internal resources, thereby gradually asserting its position as one of the prominent firms in the sector. "Hai Long Construction has shown its professionalism in implementing extremely detailed design and construction plans based on our ideas. Its team of engineers at the construction site also did their job very well, meeting our expectations," said Kenny Tang, general director of the Santa Clara Factory Project in Nam Dinh.

GNP Nam Dinh Vu Industrial Centre

Dinh Phu Duc, project director of the $38.5-million GNP Nam Dinh Vu Industrial Centre that was completed last September, said, "When we first visited the construction site, it was just a body of water, difficult to imagine it would one day look like it does."

"This is not simply construction, it is creating value for society. The opportunity to cooperate with a reputable general contractor like Hai Long Construction meant we quickly overcame any difficult periods to bring this project over the finish line. The spacious and modern project you see today is the result of everyone's efforts and determination," added Duc.

Hai Long Construction has successfully implemented hundreds of projects worth millions of dollars for major partners, such as GNP Nam Dinh Vu and the GNP Dong Van III Industrial Centre Project, valued at around $30 million, along with projects for Gaw Capital Investment Fund, Bujeon Electronics Vietnam Factory Project, LG Corp, Amkor Technology, Hyundai Group, VinFast LLC, and Sumitomo Group, among others.

Pham Minh Hoang, head of Project Department of Hai Long Construction JSC, said, "Hai Long's advantage is its team of experienced engineers and architects who are willing to learn new trends and its staff of highly skilled and ethical workers. Our departments operate side-by-side based on the guiding principle of the group's cultural values. We do this with a spirit of solidarity and respect for the strengths and diversity of each member, enabling us to solve problems quickly and effectively."

Increasing private investment in healthcare – A long journey ahead The healthcare sector has yet to live up to expectations despite efforts to attract investment. Nguyen Thi Lien Huong, Deputy Minister of Health, talked with VIR’s Bich Thuy about the steps needed to make improvements.

A new chapter for Vietnam’s energy transition journey Karthik Sathyamoorthy, CEO of AG&P LNG, a subsidiary of US investment and development firm Nebula Energy, and Sam Abdalla, CEO of Nebula Energy and vice president of AG&P LNG, discussed with Minh Huong development plans for Cai Mep LNG terminal and efforts to expedite the presence of liquefied natural gas (LNG) in the Vietnamese market.

Construction of Singapore International School kicks-off in Haiphong KinderWorld International Group held a groundbreaking ceremony for Singapore International School in Le Chan district in the northern port city of Haiphong on April 5.