Vietnam Report announces Top 10 most reputable building contractors
Hoa Binh Construction Group has topped the list of Vietnam’s Top 10 Most Reputable Building Contractors in 2020, according to an independent report by Vietnam Report.
The Hoa Binh Construction Group tops the list of Vietnam’s Top 10 Most Reputable Building Contractors in 2020 released by Vietnam Report. (Photo: Vietnam Report)
Hanoi (VNA) – Hoa Binh Construction Group has toppedthe list of Vietnam’s Top 10 Most Reputable Building Contractors in 2020, accordingto an independent report by Vietnam Report.
It was followed by Coteccons Construction JSC and RiconsConstruction Investment JSC in the 2nd and 3rd places,respectively.
Meanwhile, Hoa Phat Group JSC ranked first in the Top 10Most Reputable Building Material Companies in Vietnam this year, followed byViglacera Corporation and Vicostone JSC.
Hoa Phat Group JSC ranks first in the Top 10 Most Reputable Building Material Companies in Vietnam this year. (Photo: Vietnam Report)
The rankings are based on studies of multiple financialfactors, corporate reputation on the media and surveys of experts in theindustry.
According to the report, 73.9 percent of asked companiessaid they believed 2020 would be a difficult year while 13 percent wereoptimistic that the construction and building material industry would seegrowth this year. Some 4.3 percent said that the industry would maintainstability compared to 2019.
Notably, about 8.7 percent of the respondents said it islikely that the real estate market would experience slowdown in the first halfof the year and make a comeback in the second half as the COVID-19 pandemic isbrought under control.
A survey by the General Statistics Office found that up to47.5 percent of firms said they were struggling, 33.7 percent maintained stableproduction and 18.8 percent saw better performance in the first quarter of theyear.
During the period, the construction and building materialsector reported revenue and after-tax profit declining 9.5 percent and 10.2percent, respectively./.
Property firms are gearing up to tap opportunities from the post-pandemic recovery of the real estate market, which was predicted to soon get back on its feet.
Japanese building product distributor JUTEC Holdings Corporation will team up with a Vietnamese partner to establish a housing services joint venture in Vietnam.
Prime Minister Pham Minh Chinh affirmed that science, technology, innovation, digital transformation, green transition, and circular economy are offering limitless opportunities for bilateral collaboration.
The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.
With a clear development strategy, proactive investment attraction and strong policy support for sustainable agriculture, Tay Ninh is positioning itself as a major hub for high-tech livestock farming in the southern region.
As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.
The Vietnam National Petroluem Group (Petrolimex) had acted early to mitigate risks amidst the recent surge in global oil prices driven by the Israel–Iran conflict, Vietnam News Agency cited a Petrolimex representative as saying.
In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.
Vietnamese seafood processing and export enterprises are in the process of completing procedures and adopting necessary technologies to bring their products into the Halal market.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
The Ministry of Finance is drafting policies to establish specialised AI and smart industrial parks to raise the technological profile of FDI projects and create spillover effects for local businesses.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
The Hoa Binh Construction Group tops the list of Vietnam’s Top 10 Most Reputable Building Contractors in 2020 released by Vietnam Report. (Photo: Vietnam Report)
Hoa Phat Group JSC ranks first in the Top 10 Most Reputable Building Material Companies in Vietnam this year. (Photo: Vietnam Report)
