(Construction) – In 2106, Construction Corporation No. 1 - One Member Limited Liability Company (CC1) will conduct equitization in accordance with the Government's regulations. This, in accordance with the development law of the market, at the same time contributes to improving capacity in the period of extensive economic integration. Thereby, helping businesses become more mature in improving product quality, affirming the brand of construction contractors as well as investors of BT, BOT, BOO projects...

Promoting traditional activities

 Since the establishment of construction and installation activities, which is considered a key competitive advantage in the market of CC1, this has helped enterprises overcome difficulties in the innovation period and become more mature in the integration period. Currently CC1 has been participating in the implementation of many key projects of great construction value in many different fields across the country such as energy, industry, civil, technical infrastructure... It can be named. such as Nghi Son Refinery, Children's Hospital 3, Da Nang - Quang Ngai Expressway (package A1), Ho Chi Minh City Police Headquarters, Vinh Tan 4 Thermal Power Plant, Ho Chi Minh Road, La Son section – Tuy Loan, Hai Phong Urban Traffic Development Project (Package CW3A & CW4A), Vinh Tan 4 Thermal Power Plant (steel structure erection contract), Duyen Hai 3 Thermal Power Plant Expansion, Renovation Project HCMC water environment – Package K, Dong Nai Children's Hospital, Metro Line No. 1 (package 1B - HCMC Theater Station & Ba Son Station), Vinhomes Tan Cang... The construction work of the projects is guaranteed. on schedule and highly appreciated by partners for the quality of the work. Accompanying construction and installation activities is the production and trading of building materials and this is also considered as the main supplementary field for construction and installation activities, forming a value chain in the production and business activities of TCty. CC1 has focused on industrial production and construction materials in the first 6 months of 2016, reaching over VND 900 billion, reaching 47% compared to the 2016 plan and equaling 103% compared to the same period in 2015, industrial production and construction materials have proven the stability of CC1's capacity in this key field. Besides, CC1 also constantly searches for projects and focuses on investment activities. This is considered as a solution towards stable and sustainable development in the future. Investment activities not only help CC1 affirm its core values but also bring profits and increase asset value for CC1. In the first 6 months of the year, the output value of TCty's investment activities reached VND 785 billion, mainly from the parent company contributing over VND 750 billion through BT projects on Ho Chi Minh road, La Son - Tuy Loan section, Hanh Phuc residential area project and investment projects to improve production and construction equipment capacity. CC1's research, development and investment activities are gradually becoming a spearhead activity to match CC1's stature, scale and industry experience. This activity will bring many opportunities for CC1 to promote its inherent strengths in construction and installation. Research, development and investment activities increasingly complement the missing piece of CC1 to become a powerful corporation in the industry, increasing competitiveness in the process of international economic integration deeper and wider in the future. next time. 

Affirming the brand of the works

 As a major contractor across the country, CC1 has participated in investing in many key projects across the country, contributing to building the national infrastructure system in a synchronous and modern direction, meeting the increasing requirements. of the industrialization and modernization work. Mr. Le Huu Viet Duc – General Director of CC1 said: “If in the early days of establishment, CC1 was just a contractor working for hire and subcontracting for foreign corporations, now we have grown up a lot. many with full bravery, qualifications, capacity, technique, technology as well as finance to be able to participate in many construction fields in many different forms such as turnkey general contractor; EPC general contractor; BT, BOT, BOO and PPP investors”. Thanks to good technical solutions as well as strict management process on schedule, ensuring quality in each project, CC1 has left its mark in the field of construction and installation such as: Hydropower Plant Tri An, Sao Mai Cement Factory (now Holcim), Ha Tien 1 Cement Factory, Ha Tien 2, Phu My Thermal Power Plant Complex, Nhon Trach 1 Thermal Power Plant, O Mon Thermal Power Plant , Sheraton Saigon Hotel, Diamond Plaza Trade Center, Thu Thiem Bridge, Van Thanh 2 Bridge, Thu Duc Water Plant... The completion was on schedule, meeting the required quality in terms of technique and fine art in a series of projects. The project has helped CC1 affirm its prestige and brand, creating absolute trust for customers and investors. Faced with difficult situations, difficult works, CC1 always offers the optimal solutions to meet all the wishes of the investor. Bridge of Van Thanh 2 is the most concrete example when businesses in the bridge industry had to "give up their possessions and run for people", CC1 was successful. In addition to its role as a construction contractor in construction and installation projects, CC1 is also the investor of many large projects such as: Dak R'tih 144MW Hydropower Plant in Dak Nong province; new Dong Nai bridge BOT project; project of Hanh Phuc Residential Area in Saigon South Urban Area; Sailing Tower Complex and many other important projects across the country. In order to have quality works that are highly appreciated by investors, in addition to technical solutions, the human factor is also focused by CC1. Recently, CC1 has made new moves to adapt to the market and reach out to the region. Accordingly, TCty has been attracting a team of staff with high technical qualifications, good at foreign languages to be able to negotiate directly with foreign investors to receive contracts. Continue to support fostering, training to improve professional qualifications, and at the same time, research and apply new construction technology to affirm the quality of each project and work. Facing the integration period, CC1 has actively coordinated with prestigious training institutions to test workers' skills according to international standards. This is also how CC1 prepares human resources for the period of global economic integration as well as TCty entering a new operating model - a joint stock company model. 

Restructure to grow

 In its history of establishment and development, CC1 is not only a large construction contractor, but also known for its role as an experienced investor with abundant financial potential. In the most difficult period, the financial situation of the parent company still shows the supporting role for member companies. This is also the period when TCty seriously and promptly implemented the approved enterprise restructuring project, focusing on building and perfecting internal mechanisms and regulations to meet the requirements of production and business management. . Facing the opportunities and challenges of the integration period, the issue of improving governance capacity, enhancing business efficiency as well as increasing competitiveness requires enterprises to make breakthrough changes. And restructuring enterprises is one of the important and regular tasks that CC1 has carried out in recent years. General Director Le Huu Viet Duc said: “The restructuring goal of CC1 is that the direct management apparatus must be compact, and at the same time, improve the capacity of member enterprises so that these enterprises are able to take on major projects. big case. Today, only when modern technology is applied will it be possible to create a breakthrough in architectural design with high standards, it will satisfy the increasingly strict requirements of customers. CC1 has applied new construction technology by equipping modern specialized construction equipment and machinery to meet projects with high technical requirements both at home and abroad…”. In the coming time, CC1 will continue to properly and effectively implement the Restructuring program with the support of ADB within the framework of the program "Reform State-owned enterprises and support corporate governance". In the immediate future, in order to complete the tasks of 2016 TCty continues to implement more drastic solutions to improve output, revenue and efficiency of production and business; continue to save costs, lower costs, increase competitiveness to meet market demand, access long-term loans with low interest rates.
  Source: Construction Newspaper – Cao Cuong.