In the first week of 2024, Central Construction JSC launched the Club of Department Heads. Attending this event, there was the presence of Chairman & CEO Tran Quang Tuan.
Launching the Club of Department Heads
The Club of Department Heads was established at the growth stage of Central, with the motto to create a playground connecting all Heads of Departments, the elite in establishing the back office to integrate quickly with the front office into the common, sustainable development of Central.
On the morning of January 6th, 2024, the club unanimously voted:
Mr. Mao Vi Cuong – Chairman
Mr. Tran Minh Thi – Permanent Deputy Director
Mr. Ly Trung Tinh – Non-Permanent Deputy Director
Board of Directors of the Club of Department Heads
At the launch, Chairman Mao Vi Cuong introduced personnel, objectives, tasks, and new points about the obligations and benefits of members under the club’s regulations in the new term. After 1 day of working exchange, the Board of Directors has received a lot of experience sharing, comments, and enthusiastic support commitments of members.
Over the years, the Central team has been persistently creating value. At this time, facing a challenging period, it is necessary to elevate and create a “new spiral” for the organization, transforming the 5 core values of the company into reality. The launch of clubs dedicated to each level is one of the actions to gradually build a legacy team, and restructure the human resources, towards sustainable development./.
In the joyful atmosphere to welcome the New Year, on the morning of January 4th, 2024, Rang Dong Joint Stock Company (belonging to Cat Tuong Real Estate Group JSC) in collaboration with Central Construction Joint Stock Company organized the Ground-Breaking Ceremony for the Infrastructure construction of Rang Dong Industrial Park (Aurora IP) in Rang Dong Town, Nghia Hung, Nam Dinh.
Attending the groundbreaking ceremony was the presence of:
On the side of Investor:
Mr. Nguyen Trung Dung – Director of Project Management Department
On the side of Nageco:
Mr. Nguyen Hoang Son – Head of Supervision Consultant Team
On the side of Central:
Mr. Tran Dang Khoa – Executive Director
Mr. Nguyen Thanh Luan – Project Director
Mr. Tran Xuan Hoa – Project Manager
Together with representatives from construction units, subcontractors and employees of the Parties.
Representatives of the parties took photos at the groundbreaking ceremony
PROJECT INFORMATION:
Total land area
:
520 ha
Location
:
Aurora Industrial Park, Rang Dong Town, Nghia Hung, Nam Dinh
Investor
:
Cat Tuong Real Estate Group Joint Stock Company – Ho Chi Minh City Headquarter
Consultant
:
DLS Consultant (Formerly Arcadis)
Duration
:
22 months
Rang Dong Industrial Park Project Gate (Aurora IP)
Actual image of Rang Dong Industrial Park (Aurora IP)
Rang Dong Industrial Park (Aurora IP) project is invested and built on an area of 520ha, focusing on the textile and garment industry, especially the textile and dyeing segment, towards localizing production of 1 billion meters of fabric by 2025. Central takes the role of General Contractor for the construction of items including: Asphalt roads for the whole area; Utility trench; Water supply system; Rainwater drainage system; Sewage drainage system; High and medium-voltage electrical systems’ Power and Lighting systems and Telecommunication system.
The groundbreaking ceremony took place successfully and Central’s PMB with the spirit of excitement and enthusiasm, immediately proceeded to carry out the first works of the project.
Wishing the PMB many best results, closing the construction on schedule, ensuring quality and making Central’s imprint in the new area on the project map across the country./.
On the morning of December 12th, 2023, Central Construction Joint Stock Company cooperated with Toshin Development (Japan) to organize the topping out ceremony of The Dewey Schools Ocean Park Project at Vinhomes Ocean Park Gia Lam Urban Area, Hanoi.
The PMB has completed the project structure within only 4 months, exceeding the schedule by 3 weeks while ensuring the strict requirements of technical and aesthetic criteria from the Investor.
Attending the topping out ceremony was the presence of:
On the Investor’s side:
Mr. Toshiteru Sato – Director
Mr. Yuki Kimura – Project Director
Mr. Dao Tien Bang – CEO of Dewey Ocean Park School
On the Artelia side:
Mr. Trinh Dinh Huy – Project Manager
On the Central side:
Mr. Tran Dang Khoa – Executive Director
Mr. Nguyen Thanh Luan – Project Director
Mr. Trinh Quy – Project Director
Together with representatives from construction units, subcontractors and employees of the Parties.
The leaders of the parties took photos at the topping out ceremony
The perspective of The Dewey Schools Ocean Park project
The Dewey Schools Ocean Park project on topping out day
Toshin Development Corporation is known as a well-known real estate developer that owns the Takashimaya trade chain around the world. With nearly 60 years of experience in development and operation in Japan, Singapore and Vietnam.
The Dewey International Schools – Bilingual school system in Hanoi and Dewey International School Gia Lam is the 4th school which is built with outstanding facilities, flexible planning design ideas according to the shape and area of land, in order to create collapsible spaces and different suitable perspectives for the world-class educational environment.
After the topping out ceremony, Central’s PMB continued to accelerate the implementation of construction, M&E works and soon bring the project to the finish line with quality, aesthetics and meet the highest expectations of the Investor./.
While a series of construction companies suffered a sharp decline in revenue due to the fluctuations in the real estate market and the economy last year, Central Construction Joint Stock Company still steadily “reached the finish line” with a series of large-scale projects.
“Collection” of VND-trillion projects
In early December 2023, Central General Contractor in collaboration with Shimizu General Contractor (Japan) held the Groundbreaking Ceremony of Daikin Office Headquarters in the heart of District 3, Ho Chi Minh City.
A week later, the Astral City (Binh Duong) with a CFA of 536,000 m2 was restarted by Central General Contractor and Investor Danh Khoi, the project site with a scale of 3 basements and 8 40-storey towers including 5,000 apartments in Thuan An City, Binh Duong province, with Central as the General Contractor for Design & Build, has been bustling again.
Only 3 days later, Central General Contractor continued to start construction of The Estuary with a scale of 2 basements and 2 40-storey towers with an investment capital of up to VND 2,300 billion in Hai Chau District, Da Nang City.
Towards the end of the year, the list of VND-trillion projects “constructed” by the Central General Contractor will be extended with a series of new large-scale projects. Not only that, in the field of industrial real estate in mid-December 2023, Central General Contractor continues to announce the signing ceremony of the contract for infrastructure construction of Rang Dong Industrial Park, Nam Dinh (AURORA IP) with an area of 520 hectares and the development orientation to become a Smart – Ecological Textile Industrial Park, using machinery and equipment according to Japanese industrial standards that meet the criteria of energy saving and environmental friendliness.
In addition, there are a series of other high-class projects being implemented by Central General Contractor in 2023 such as: The first 6-star Fairmont Heritage Hotel in the central of Hanoi, which is one of the most prestigious hotel brands in the world with a history of more than 100 years under Accor S.A.; Lumera Beach Phu Quoc, the first luxury resort project from Vinh Phat Group, a global famous ST25 rice producer and exporter; Etown 6 Office Building with a basement depth equivalent to 7 basements from the investor REE Corp; Emasi Plus International School in Waterpoint Urban Area, Long An from Khai Sang Education Group, is the Investor of Renaissance and Emasi international schools; The Dewey Ocean Park International School of Toshin Development Corporation (Japan) in Hanoi, is known as the real estate developer who owns the famous Takashimaya department store chain.
Following the information on this company’s website up to now, Central has undertaken the role of construction contractor for more than 120 projects across the country, from the commercial civil sector, industrial factories to infrastructure and bridges. General contractor Central undertakes the entire construction work from structure, interior – exterior finishing to M&E. In particular, the strength in the application of technology throughout the construction process, through the application of equipment, machinery and high-tech construction methods. The projects always comply with international standards on quality, occupational safety and industrial hygiene.
Impressive “imprints”
Closing 2023 with the market economy situation is still difficult, but Central contractor has made outstanding efforts to achieve many results, especially Central has completed and handed over many key projects to meet the most stringent requirements such as: Sol Forest luxury apartment tower “House in the Garden, Garden in the Clouds”, scale of 2 basements, 2 towers of 41 floors of Hanoi Ecopark Group; The Metropole Thu Thiem complex with the scale of 3 basements, 2 Grade A office towers and 1 high-class apartment tower of Quoc Loc Phat Group, Son Kim Land; Masteri Centre Point luxury apartments, scale of 3 basements, 5 high-rise towers with nearly 2,700 apartments from Masterise Homes International Real Estate Developer; Thao Dien Green, District 2, Ho Chi Minh City with 2 basements and 204 super luxury apartments of SIC Group; In the field of industry, Central has handed over 3 factories in Phu My 2 Industrial Park Ba Ria – Vung Tau: Container Factory, Mechanical Factory, Freezer Factory of Hoa Phat Group, the largest iron and steel manufacturer in Vietnam; In Nhon Trach Industrial Park, Dong Nai: Central has handed over 6 factories to BW Kim Truc, known as BW Industrial is a joint venture industrial real estate developer between Warburg Pincus, USA and Becamex.
Two luxury Sol Forest Ecopark apartment towers
The Metropole Thu Thiem complex
Masteri Centre Point luxury apartments
Thao Dien Green luxury apartment
Accumulating internal resources to “overcome the wave”
According to industry experts, since the Covid pandemic, it has been a very difficult period for contractors: from fluctuations in the input price of materials to the influence of capital markets and corporate bonds,… Contractors like Central must have really strong internal strength and good governance practices to be able to “ride the wave”.
Utilizing technology in business operations, where Central has implemented BIM technology in construction and MEP fields, modeling before execution and providing optimal construction solutions. This helps accurately calculate the workload, synchronize the “Structure – Finishing – MEP” techniques, minimize errors and material waste, delivering maximum value to investors and partners.
Central’s Board of Directors shared: “With relentless, persistent efforts and being consistent with the set strategic goals; especially the trust with the Team, Central is proud to continue maintaining the brand and bringing outstanding breakthrough values in the industry. At Central, we always aim to develop our business in addition to creating value for Partners, Clients, and Society, and building a happy working environment for the Company.”
According to Central’s audited financial statements for 2022 that we obtained, in 2022 this business recorded a revenue increase of nearly 80%, reaching more than VND 9,000 billion and profit reaching VND 233 billion. In 2023, according to a representative of the Board of Directors of this business, with a series of projects that have been implemented, the contractor always ensures a stable source of work and fully meets the salary, bonus and welfare policies for more than 930 employees.
Central General Contractor has made strong changes, continuing to rank in the Top 100 companies with the best places to work in Vietnam according to the annual survey of the leading prestigious evaluation organization Anphabe, Top 500 most profitable enterprises in Vietnam 2023, Asia Pacific Enterprise Awards (APEA) and firmly in the Top Enterprises.
On the morning of December 14th, 2023, at the office of Aurora Industrial Park, the signing ceremony for infrastructure construction of the whole Rang Dong Industrial Park took place between Rang Dong Joint Stock Company (belonging to Cat Tuong Real Estate Group JSC) and Central Construction Joint Stock Company.
Mr. Tran Quoc Viet – Chairman and General Director of Cat Tuong Group and Mr. Tran Quang Tuan – Chairman and General Director of Central Construction Joint Stock Company shake hands to hand over the Contract
The perspective of Aurora Industrial Park in Nam Dinh
Aurora Industrial Park is located in a strategic location, directly connected to most of the main roads in the Northern Key Economic Region, with easy access to the system of highways, roads, inland & international waterways, and railways. It is also a gateway linking with the key economic regions of Vietnam, which is prioritized for investment expansion.
This industrial real estate project is built on an area of 520 hectares, focusing on the textile and garment industry, especially the textile and dyeing segment, towards localizing production of 1 billion meters of fabric by 2025. Cat Tuong Group aims to develop Aurora Industrial Park into a smart-ecological textile industrial park, using machines and equipment according to Japanese industrial standards with energy-saving and environmentally friendly criteria.
Therefore, foreign investors have been interested in Aurora Industrial Park. Currently, Cat Tuong Group has handed over leased land in the industrial park to many foreign enterprises to operate as a fabric factory for Uniqlo (Japan); Top Textile Factory (a joint venture between Japan and Hong Kong), Sanbang Pte.Ltd (Singapore) specializes in manufacturing towels, textiles, DTY yarns …
Actual image of Aurora Industrial Park, Nam Dinh
PROJECT INFORMATION:
Total land area
:
520 hectares
Location
:
Aurora Industrial Park, Rang Dong Town, Nghia Hung, Nam Dinh
Investor
:
Cat Tuong Real Estate Group Joint Stock Company – Ho Chi Minh City Headquarter
Consultant
:
DLS Consultant (Formerly Arcadis)
Duration
:
22 tháng
Construction categories include:
Asphalt roads for the whole area
Utility trench
Water supply system
Rainwater drainage system
Sewage drainage system
High and medium-voltage electrical systems
Power and Lighting systems
Telecommunication system
Central is one of the leading General Contractors in Vietnam and Cat Tuong Group is one of the prestigious Real Estate Developers in the South. In the spirit of trust, working together towards a shared goal and long-term sustainable values. On the same day, the Chairman of the two sides Mr. Tran Quoc Viet and Mr. Tran Quang Tuan signed a long-term strategic cooperation agreement for future civil and industrial projects of Cat Tuong Group.
Mr. Tran Quoc Viet – Chairman and General Director of Cat Tuong Group and Mr. Tran Quang Tuan – Chairman and General Director of Central Construction Joint Stock Company signed the approval of the Bidding Package and MOU
The leaders of the two sides took photos at the ceremony
Central is extremely proud and honored to be awarded the project by the Investor. In the spirit of sustainable development cooperation, right from the stage of receiving the project, the Central team always shows carefulness, compliance and work on details in each item. The investor highly appreciates the professionalism, commitment and seriousness in working with Central engineers.
With the strength and accumulated construction experience, Central’s ability to deploy infrastructure and industrial factories has been proven through many previous key projects such as: 3 bridges of the Eastern North-South Expressway Construction Project (Can Tho – Hau Giang Highway), General contractor for 3 factories of Hoa Phat Phu My Industrial Park, Ba Ria – Vung Tau: Container Factory; Mechanical Equipment Manufacturing Factory; Refrigeration Engineering Factory. In Dung Quat Quang Ngai Economic Zone, Central takes the role of Main Contractor for 2 factories with complex construction techniques: Sintering Pellet Factory and Lime & Cement Factory of Hoa Phat Group Investor; In addition, there are factory projects BW Nhon Trach – Kim Truc, BW Thoi Hoa, Phu Lac Wind Power, Binh Thuan and Loi Hai Wind Power, Ninh Thuan,… And in response to the trust from the Investor, Central General Contractor is always proactive in preparing resources to meet the workload, progress and commitment to the mission of sustainable development with the Investor in creating human values./.
Some pictures of construction projects in Aurora Industrial Park, Nam Dinh:
On the morning of December 11th, 2023, Central Construction Joint Stock Company in collaboration with the Investor Tuyen Son Housing Development Co., Ltd. held the ground-breaking ceremony of The Estuary project in Hai Chau district, Da Nang city.
Attending the groundbreaking ceremony were representatives of:
On the side of Tuyen Son Housing Development Joint Stock Company:
Mr. Vo Cong Khai – General Director.
Mr. Do Hai Minh – Deputy General Director.
Mr. Vo Hai Hoang – Deputy General Director.
Mr. Vu Hai Long – Director of Project Management Department.
On the side of the Supervision Consulting unit of Consultancy and Investment TEXO Joint Stock Company:
Mr. Hoang Huy Dat – Project Director.
On the side of Central Construction Joint Stock Company:
Mr. Tran Quang Tuan – General Director.
Mr. Tran Dang Khoa – Executive Director.
Mr. Thap Ba Thanh Nhan – Project Director.
Mr. Trinh Quy – Project Director.
Together with representatives from construction units, subcontractors, suppliers, partners and all employees of the Parties.
Representatives of leaders of the parties took photos at the groundbreaking ceremony of The Estuary project
View of the groundbreaking ceremony of The Estuary Project
The Estuary is a complex of commercial centers combined with high-class apartments with a unique location right at Tien Son Bridge, the center of Hai Chau District, Da Nang City. The project is built on a land area of up to 1.82 hectares, the scale includes 2 basements and 2 40-storey buildings. With a total investment of up to VND 2,300 billion, the project will supply to the market 1,200 products, wishing to bring a first-class living space and extremely high-class experience to the generation of successful residents in Da Nang City.
Perspective of The Estuary Project
Accompanying the Investor as the Design and Build General Contractor for Hope Residences Project, Central has made an impression and gained trust when completing and handing over the project in December 2019 in Hanoi. It is also a premise for the bond between the two parties to continue to be the Design and Build General Contractor for The Estuary project.
Speaking at the groundbreaking ceremony, Mr. Vo Cong Khai – General Director of Tuyen Son Housing Development Joint Stock Company shared: “With the spirit of dedicated work for sustainable values, we together with Central General Contractor and consultants commit to implementing The Estuary Project on schedule, ensure quality as well as aesthetic value. This will be a sustainable highlight contributing to the modern development of the City, bringing full facilities to residents in the most livable city in Vietnam.”
Mr. Vo Cong Khai – General Director of Tuyen Son Housing Development Joint Stock Company spoke at the ceremony
From Texo, Mr. Hoang Huy Dat – Project Director said: “We feel lucky and grateful to be chosen by the Investor to accompany in the process of creating this highlight project. The Estuary project will be a great boost, inspiration for development and affirmation of sustainable potential, reliability and deservedness for the strong development of the Investor in the coming time.”
Mr. Hoang Huy Dat – Project Director of Texo thanked the parties
The trust of the Investor is also a decisive factor creating the success of the Project. Speaking at the ceremony, Mr. Tran Quang Tuan – General Director of Central Construction Joint Stock Company confidently affirmed: “Central continues to maintain its determination and ensure all criteria of progress – quality – aesthetics for a high-class project. The real estate market is returning, the mood and potential of the parties are ready to a brand project that the Investor has cherished. At the same time, we look forward to accompanying the Investor for a long time to create many other projects.”
Mr. Tran Quang Tuan – General Director of Central Construction Joint Stock Company commits to work with the Investor to construct the project safely and with quality
The ceremony took place in a solemn and sanctuary space, along with the spirit of dedication to sustainable values, Central’s PMB commits to work with the parties to ensure quality, on schedule, The Estuary Project is a convergence of the quintessence of life for residents./.
