Seize the opportunity, promote restructuring for sustainable development

In the context of the economy still facing many challenges, Mr. Mai Xuan Thong, Chairman of the Board of Directors of the Central Construction Group, affirmed that along with opportunities there are always challenges, the bigger the opportunities, the bigger the challenges. To seek opportunities, there is no other way but to continue to improve competitiveness and restructure for sustainable business development.

Mr. Mai Xuan Thong, Chairman of the Board of Directors of Central Construction Group.

Big step forward after model transformation

Starting out as a small and medium-sized irrigation and traffic construction enterprise, what was the opportunity that led Mien Trung Group to decide to enter the field of traffic infrastructure construction and installation?

Central Construction Group, formerly Thanh Hoa Irrigation and Transport Construction Company Limited, was established in 1994 with the main field of irrigation and transport construction.

In 2005, the company was transformed into Thanh Hoa Transport and Irrigation Construction Investment Development Joint Stock Company. From this point on, the company mainly operated in the following fields: Construction of civil architecture works, transport works, irrigation works, and site clearance.

By 2012, the enterprise transformed its model into Central Investment Construction and Trade Corporation - JSC.

Since its establishment, the company has operated in the transport sector on a small scale. However, those were also the first bricks to lay the foundation, accumulate experience and capacity so that in the following years, Central Region continued to pursue the field of transport infrastructure construction on a larger scale.

The important milestone was 2015 when the company transformed into the Central Construction Group. At this time, our country's socio-economic development was strong, and investment in transport infrastructure was determined to be one step ahead, creating a premise for the economy to follow.

Grasping that trend, the Central region has focused on investing and expanding production and business scale, meeting the bidding capacity for large projects in Thanh Hoa province as well as other provinces and cities across the country.

The years 2015 - 2020 are the time when Mien Trung Group has strong development steps, positioning its brand in the field of transport infrastructure construction and installation.

The spirit of overcoming difficulties creates competitiveness

In the early years, what strengths helped the business position its brand on transportation projects?

The Central region has two distinct development stages. In the first stage, before the formation of the Corporation (in 2012), we mainly focused on the construction and installation of small and medium-sized traffic and irrigation works in Thanh Hoa.

Although the business scale is small and the revenue is not large, it is the stage of accumulating experience, building a brand, and inheriting the values ​​created and built by previous generations of business leaders.

At that time, we were proud to be one of the leading enterprises in the field of construction of traffic works in Thanh Hoa, especially works in mountainous and remote areas. Our workers and engineers were present in almost all the most difficult areas of Thanh Hoa province. The spirit of effort and not being afraid of difficulties became the strength for the Group to both have jobs and build reputation and brand.

In the past 10 years, integrating with the times and development trends of the country's economy, the leaders of the Central Group have been sensitive in their business investment strategies, constantly improving their competitiveness by recruiting and training quality human resources, investing in modern machinery and equipment, participating in bidding and winning bids, and constructing many key traffic projects of the country such as: North-South Expressway, coastal roads, investing in real estate projects...

Up to now, what key traffic projects has the Central Group left its mark on, sir?

Nearly 30 years of construction and development and approximately 20 years of making great strides in the field of transport infrastructure construction and installation, up to now, the Central Group has had in hand a significant amount of project capital, with diverse scales, from national-level projects to local infrastructure connection projects.

In particular, from 2021 to present, despite being heavily affected by the Covid-19 pandemic, the price of materials and fuel has increased sharply, the group has made efforts to construct and complete previously bid-winning projects and continue to construct newly bid-winning projects.

Some typical projects that the Central Group has participated in include: North-South Expressway sections: Mai Son - QL45, QL45 - Nghi Son, Nghi Son - Dien Chau; Coastal road project section Hoang Hoa - Sam Son and section Quang Xuong - Tinh Gia, Thanh Hoa province under the form of BOT contract with a total investment of nearly 3,400 billion VND; investment project of phase 1 of the road from Tho Xuan Airport to Nghi Son Economic Zone, Thanh Hoa province under the form of BT.

Along with that is the provincial road project 922 Can Tho city (construction and upgrading phase 1 from national highway 91B to Co Do); Investment project to build project DH.173 (packages 1 and 2) from Chau Thanh district Martyrs Cemetery to Battalion 516 Monument, Chau Thanh - Giong Trom - Ba Tri inter-district, Ben Tre province.

Looking for opportunities beyond the road sector

In the period of 2021 - 2025, the goal set by the Party and Government is to continue to focus resources and make breakthroughs in transport infrastructure in all areas. How does Mien Trung Group assess its opportunities in this context?

First of all, it must be affirmed that the goal of infrastructure breakthrough, including transport infrastructure, set by the 13th Party Congress is extremely correct. It not only affirms the important role of the transport sector but also creates a huge volume for businesses to invest in infrastructure construction and installation.

The Government is determined to achieve the goal of having 3,000km of expressway nationwide by 2025 and 5,000km by 2030.

The five specialized transport planning plans approved by the Prime Minister have also begun to enter the concretization phase.

The Central Group identifies this as a premise, a catalyst, and a great opportunity for businesses to continue to increase employment opportunities and increase the accumulation of resources and experience.

It is difficult to say how much of the total workload the Central region will be able to participate in, but one thing is certain: We will strive to seize this precious opportunity. In addition to the road sector, the Group will step up research and seek opportunities to participate in the construction and installation of airport, seaport, and railway infrastructure.

The determination is great, so how has the Central Group prepared for the upcoming goal?

Along with opportunity comes challenge, the bigger the opportunity, the bigger the challenge.

Understanding that, Mien Trung Group understands that, to seek opportunities, there is no other way but to continue to improve competitiveness, restructure the enterprise by continuing to recruit quality personnel, training on-site personnel, digital transformation in corporate governance stages, promoting investment in technology research, purchasing advanced equipment to "enrich" internal resources, meeting the increasingly high requirements for technology, aesthetics, progress and quality of large-scale transport infrastructure projects.

Two pillars of growth

Currently, Mien Trung Group is a business operating in a variety of business fields. In the next 5-10 years, which pillars will the unit focus on? What are the expectations for the Group's growth in the coming period?

The multi-industry trend of economic groups is a common trend. However, in the current difficult economic context, in the immediate future, the Central Group still determines to focus on traditional fields with two pillars: Construction of transport infrastructure and Investment in industrial parks.

The expectations are very high, however, a quantitative figure on revenue and profit, the Group will base on the specific context of the domestic and foreign economy to set feasible goals. Our point of view is to do it practically, not set unrealistic numbers, "dream plans" in the context of the market still having many difficulties and unpredictable developments like the present.

Thank you!

Source: https://www.baogiaothong.vn/nam-bat-thoi-co-day-manh-tai-cau-truc-de-phat-trien-ben-vung-192231031004210603.htm