Hoa Binh Corporation -Fast Development and New Opportunity

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First established 20 years ago and becoming a joint stock company 7 years ago Hoa Binh Corp has made great strides tỷ lệ cá độ bóng đá the admiration and high esteem of partners and the society. Starting as a sub-contractor, HB Corp has become the main contractor, comprehensively constructing the rough part, finishing the interior, electric and mechanical, etc and became the first comprehensive contractor listed on the stock market at the end 2006.

At the present, when investors decide to invest tỷ lệ cá độ bóng đá big projects, they often think of Hoa Binh Corp. And tỷ lệ cá độ bóng đá this year 2007, Hoa Binh is going to seize its opportunity tỷ lệ cá độ bóng đá a realm of business of great potentiality tỷ lệ cá độ bóng đá which Hoa Binh believes it has gained a lot of experience: investment tỷ lệ cá độ bóng đá real estate.

Increase tỷ lệ cá độ bóng đá turnover

When Hoa Binh Corp’s Board of Directors put forth the turnover plan of VND 450 billion for the year 2007 (while that for 2006 was only VND 205.6 billion), some shareholders felt worried because that would be something beyond their imagination for it would far exceed the normal turnover increase of some ten percent or so per year with other enterprises. Nevertheless, only after the first 3 months of the year that projected turnover, which at first seemed entirely unrealistic, became a reality and the most suspicious of shareholders were truly convinced because the total value of projects undertaken by HoaBinh Corp up to present (the beginning of quarter II, 2007) amounts to VND 1,200 billion. Typically we can name the following big projects that Hoa Binh has been carrying out: Horizon Tower (District 1 HCMC, contract value: VND 211 billion) The Manor high-rise buildings (Binh Thanh District, VND 157 billion), the basement of Phu My cluster of high-rise buildings (District 7, HCMC, value: VND 81.5 billion); the structure of Phu My cluster of high-rise buildings (District 7, HCMC, VND 299 billion); Saigon Residences Buildings (VND 73 billion); Unilever office building (VND 54 billion); Sao Mai Apartments (VND 25 billion) International School of English (VND 17 billion).

Mr. Lê Viết Hải, General Director of Hoa Binh Corp says: “The powerful growth of Hoa Binh Corp manifests itself not only tỷ lệ cá độ bóng đá its turnover, profit, and corporate assets but also tỷ lệ cá độ bóng đá the value of the brand name Hoa Binh. That value is a combination of important factors which have brought about Hoa Binh’s great development potentiality. Those factors are its prestige, its relationships, its unique corporate culture, its dynamic human resources and its work experience gained through lots of well-known construction projects

tỷ lệ cá độ bóng đá order to achieve such an impressive growth Hoa Binh has had to convince investors of its experienced performance through the completion with high quality of many projects that it had undertaken. For example, tỷ lệ cá độ bóng đá the construction of the basement of Phu My high-rise buildings, Hoa Binh faced with a very difficult task because the basement has an extraordinary large area (12,000 sq meters) on a very weak ground foundation that required special treatment techniques. Thanks to its experience tỷ lệ cá độ bóng đá the construction business, Hoa Binh was able to provide the investor with effective solutions to the problems. Having trust tỷ lệ cá độ bóng đá Hoa Binh’s capability, the investor offered the corporation the contract of building the whole project from the structure to the finish.

All the projects undertaken by Hoa Binh tỷ lệ cá độ bóng đá recent years have won satisfaction as well as high esteem of customers/investors. To name only a few: Nam Hai Resort, RMIT University tỷ lệ cá độ bóng đá Can Tho, National Conference Center tỷ lệ cá độ bóng đá Hanoi, residential blocks tỷ lệ cá độ bóng đá Phu My Hung….

Engineers and workers of Hoa Binh Corp have gained more and more experience when working closely with partners, both local and foreign. For example tỷ lệ cá độ bóng đá the project of Tan Son Nhat airport extension, although Hoa Binh was only a sub-contractor working for the main contractor KTOM (Japanese), its engineers and workers had the opportunity to work along with their Japanese counterparts and were able to learn a lot from these Japanese colleagues. Hoa Binh has salso sent its key members to Korea for training tỷ lệ cá độ bóng đá order to learn advanced techniques tỷ lệ cá độ bóng đá preparation for their work tỷ lệ cá độ bóng đá building the structural part tỷ lệ cá độ bóng đá Kumho’s Asiana Plaza Project.,

Developing by leaps and bounds

Being the first all-round contractor tỷ lệ cá độ bóng đá the construction business to get listed on the platform of Securities Trading Center of Ho Chi minh City, Hoa Binh Corp has had lots of opportunities to engage tỷ lệ cá độ bóng đá different projects tỷ lệ cá độ bóng đá the role of a main contractor or an investor. Recently the Corporation’s business operations have been growing fast and vigourously. “Never before had we had so many opportunities tỷ lệ cá độ bóng đá business as we have had this year. We have been continually invited to cooperate tỷ lệ cá độ bóng đá big projects by local as well as foreign investors. tỷ lệ cá độ bóng đá fact contracts for some big projects have been signed among which there are projects with hundreds of billion VND tỷ lệ cá độ bóng đá value” Mr. Le Viet Hai, General Director says.

Signing agreement with ACE Contruction - Korea

Hoa Binh’s plan tỷ lệ cá độ bóng đá the time to come is that it’s going to contribute capital to the establishment of Hoa Binh House Joint stock Co, Hoa Binh Securities Joint Stock Co, Hoa Binh Engineering Joint Stock Co, (HBE). AT the same time Hoa Binh Corp is going to carry out its plan of tranforming some of its subsidiary companies into joint stock companies: Hoa Binh Wood Co Ltd.; Hoa Binh Paint Co Ltd,; Hoa Binh Trading Co Ltd. (HBT)

Hoa Binh is also going to establish joint venture company specializing tỷ lệ cá độ bóng đá the producion of building concrete with The Construction & Building Material General Company (FICO) and Saigon Construction & Housing Joint Stock Company. The market for concrete is a market of great potentiality. Besides that Hoa Binh also has a plan to cooperate with Nha Be Steel Factory, a member of Southern Steel Company, to build a steel factory to produce and supply steel for construction projects.

New Opportunities tỷ lệ cá độ bóng đá Real Estate

Mr. Le Quoc Duy, Investor Manager of Hoa Binh Corp has this to say about its plan, “tỷ lệ cá độ bóng đá 2007 we will continue to consolidate our competitive position tỷ lệ cá độ bóng đá the realm of construction and at the same time we urgently make preparations for our new projects tỷ lệ cá độ bóng đá a new realm – investment tỷ lệ cá độ bóng đá real estate. With our prestigious brand name, our capacity tỷ lệ cá độ bóng đá design and consrtuction with water and electric systems included, our expertise tỷ lệ cá độ bóng đá interior decoration especially tỷ lệ cá độ bóng đá residential projects, we are ready to expand our business operations into real estate investment tỷ lệ cá độ bóng đá order to develop effectively projects that require high aesthetic quality. We are confident that we will succeed tỷ lệ cá độ bóng đá this new realm”.

Signing agreement with ACE Contruction - Korea

The two big real estate projects Hoa Binh is going to carry out this year are Lang Co Resort and HoaBinh Plaza Office Building. Lang Co Resort (tỷ lệ cá độ bóng đá Chan May Bay, Thua Thien-Hue Province) has a total area of 8 ha and an investment of VND 160 billion. The resort is to consist of 56 high-end villas with all the necessary facilities.”Lang Co is going to be the most beautiful high-end resort tỷ lệ cá độ bóng đá Viet Nam”, Mr. Le Quoc Duy said confidently about Lang Co Resort project because Hoa Binh Corp has obtained a lot of experience tỷ lệ cá độ bóng đá building Nam Hai Resort, a resort which is highly esteemed by its aesthetic and technical character. With an investment of VND 500 billion, Hoa Binh Plaza Office Buiding is going to be the most modern and the highest office building (21 storeys) tỷ lệ cá độ bóng đá the area, an architectural landmark tỷ lệ cá độ bóng đá the new city of Phu My Hung. According to Mr. Kudo, a Japanese architect, director of KYTA Co, (Singaporian) Hoa Binh office building is designed along the line of environmental friendliness and is going to become a prominent architectural landmark tỷ lệ cá độ bóng đá the new city Phu My Hung. The construction of Hoa Binh Office Building is to be completed tỷ lệ cá độ bóng đá 2 years’ time. It will be put into operation tỷ lệ cá độ bóng đá 2009. It is expected that part of the corporation’s profit will come from the turnover from the office building tỷ lệ cá độ bóng đá 2010. With an area for lease of 25,000 sq meters and the current rental is US$ 20/ sq meter tỷ lệ cá độ bóng đá this central area we can estimate that the turnover coming from leasing the office building will be a big amount.

On 26 April 2007, Hoa Binh Corp’s annual shareholders general meeting was held successfully tỷ lệ cá độ bóng đá the Reunification Palace. Mr. Le Viet Hai, Chairman of the Administraton Board- cum- General Director informed that the scheme for the augmentation of Hoa Binh’s chartered capital consists of two stages. tỷ lệ cá độ bóng đá the first stage, expected to take place towards the end of quarter 2, 2007, the chartered capital is to be increased from VND 56.4 billion to VND 100 billion. tỷ lệ cá độ bóng đá the second stage, expected to be tỷ lệ cá độ bóng đá quarter 4, 2007, the chartered capital will be raised from VND 100 billion to VND 135 billion. Due to the fact that the number of shares issued by Hoa Binh so far is still small, only 5,639,990 shares of which Hoa Binh’s staff and workers own 80%, the policy of Hoa Binh’s administration board tỷ lệ cá độ bóng đá the future will be to issue shares to the general public tỷ lệ cá độ bóng đá stages of chartered capital augmentation.