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.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
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)
