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VITECCONS AWARDED TOP 500 LARGEST ENTERPRISES IN VIETNAM
January 18, 2024

On January 18, 2024, Viteccons was honored in the VNR500 Ranking - Top 500 Largest Enterprises in Vietnam 2023. The VNR500 Ranking is assessed using a weighted scoring method with key pillars including revenue, total assets, total number of employees, growth rate, profit, and media reputation of the enterprises. The event was attended by Mr. Đỗ Ngọc Tuấn - Chairman of the Board of Directors and Mr. Phan Huy Vĩnh - General Director of Viteccons.

Mr. Phan Huy Vĩnh - General Director of Viteccons, received the award for being one of the Top 500 Largest Enterprises in Vietnam.

Mr. Phan Huy Vĩnh tated: "In recent years, the construction industry has continuously faced challenges such as the aftermath of the Covid-19 pandemic, skyrocketing prices of raw materials, and a stagnant real estate market. This has pushed many construction enterprises to their limits, with some temporarily suspending operations, reducing staff, facing salary debts, or even job losses, narrowing down their scope of activities. However, the leadership of Viteccons has implemented sustainable development strategies and remained flexible in adapting to the market. As a result, Viteccons has overcome these difficult periods, achieved positive results, and earned the respect and high regard of investors."

Mr. Đỗ Ngọc Tuấn - Chairman of the Board of Directors of Viteccons (left) and Mr. Phan Huy Vĩnh - General Director of Viteccons (right) posing for a commemorative photo at the event.

According to Mr. Liam Gordon Guise - General Director of TOA Vietnam Paint Company: "TOA Vietnam Paint Company has trusted Viteccons to be the General Contractor for the project, and we are very pleased that Viteccons has accompanied TOAV in overcoming challenges in technology and new techniques to deliver the project on schedule, with quality, ensuring labor safety and environmental sanitation, and excellently achieving the project's goals. We affirm that we will not hesitate to recommend Viteccons as a reliable partner for future projects and our partners."

Mr. Kung Gung Sheng - General Director of Lotes Vietnam Company Limited, commented: "To build a workshop with high technical requirements, firstly, the investor must understand its own needs and find a contractor who can understand our needs and have enough capacity to undertake and complete the task. In the cooperation process with Viteccons, whether it is preparing requirements and exchanging information in the early stages or overcoming, improving during the construction process... all show an attitude and results that satisfy the partner. Viteccons is truly a reliable and cooperative partner."

Founded in 2009, Viteccons has established its brand in the field of design and construction as well as investment consultancy over the past 15 years. Viteccons has undertaken a diverse range of projects, including public, industrial, commercial centers, infrastructure, office buildings, hotels, and luxury villas. With the motto "Creating from the Heart," Viteccons has constructed every project with quality. The company has been trusted by investors from Vietnam, the United States, Japan, Australia, South Korea, Singapore, Taiwan, Thailand, China, and Hong Kong as the main contractor for designing and constructing hundreds of large projects nationwide.

At the end of the 2023 fiscal year, Viteccons achieved a 23% revenue growth compared to the same period last year, increased its financial capacity by raising its charter capital to 216 billion, simultaneously implemented 22 projects (winning bids for 12 new projects), and over 80% of the projects came from foreign-invested enterprises. In addition to business development, Viteccons focuses on community-oriented activities such as sponsoring scholarships, supporting green summer campaigns, and building bridges.

The Viteccons award in the top 500 largest enterprises in Vietnam confirms its position in the field of design and construction as well as investment consultancy, and helps Viteccons to continue to develop in terms of scale and quality to earn respect from customers, investors, partners, and employees, contributing sustainable value to society.