Vietnam sees birth of large construction group

A large construction group began operation in the country on March 25 under the Prime Minister’s Decision dated January 12.

The Vietnam Construction Group, with controlling shares belonging to the state, includes leading domestic construction firms namely the Song Da Corporation, the Lilama Corporation, the Infrastructure Development and Construction Corporation and the Song Hong Construction JSC.

The group, which is tasked with taking over hydro-electric power, irrigation, transport, industrial, manufacturing and engineering projects has a statutory capital of about VND60 trillion and a manpower of 81,000 engineers and workers.

The group’s members are famous for large constructions in the country, including the Hoa Binh Hydro-electric Power Plant, the Tri An Hydro-electric Power Plant, the Bim Son Cement Mill and the Dung Quat Oil Refinery.

Lai Van Que is chairman of the group’s management board while Duong Khanh Toan is taking on the post of general director.