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Deoca Group: Vitality from difference

(VLR) Deoca Group Joint Stock Company has a history of establishment and development over 3 decades. Currently, Deoca Group becomes a large economic organization, operating under the model of parent company with 19 members and more than 5,000 employees with ideal working age, well-trained in knowledge, theory and practice. Deoca Group with the participation of a team of advisors who are politicians, managers, scientists, experts with rich experience in many fields,... has formed an optimal and different working team to create a real value chain for the society.

The brand value of Deo Ca is enhanced when they promote and deploy highways in difficult locations at both ends of the country

The brand value of Deo Ca is enhanced when they promote and deploy highways in difficult locations at both ends of the country

The corporate governance background of Chairman Ho Minh Hoang is the use of calculations such as add - subtract - multiply - divide, applying the theory of "Triangulation". That is "Concentration - Orientation - Quantification". He said that when determining where the mind is? Which direction? And quantify the achieved results to continue refining and training yourself; Create a team of successors aiming to ensure the fulfillment of goals in the coming years. To implement that principle, the head of the Group builds an organization that constantly learns to improve knowledge, intelectuality, ethics and skills, attitudes to work, family and community for sustainable development with a long-term vision and inheritance.

With the strategy of "centralized growth", Deoca Group always strives to follow its capacity circle model, continuing to promote the spirit of "Think differently; make a difference” in transport infrastructure projects with the assignment of 3 main production forces in the current period: Short-term, operation and construction management; Mid-term, participating in bidding as an investor, construction contractor; Long term, research, propose, develop new projects. These three working groups, 3 members of the Board of Directors together with 3 General Directors, form 3 couples according to the principle of "an imperfect couple" to deploy the work.

The brand value of Deo Ca is enhanced when they promote and deploy highways in difficult locations at both ends of the country. After 2 years working with Cao Bang province diligently researching and building a plan to build the Dong Dang - Tra Linh expressway connecting the lowlands with the land of revolutionary origins, Deoca Group has persuaded the Government by decision to approve investment policy.

In the last days of 2020, as an operator, Deoca Group successfully organized an experiment to successfully route Trung Luong - My Thuan express way project. Therefore, with the efforts of investors, operating enterprises, project enterprises, contractors and related parties, the project has been carried out smoothly. Deoca Group Joint Stock Company has strictly followed its commitment to clear the project route by the end of 2020 when it begins to operate the construction of this expressway from March 2019. At that time, the project progress was only 10%.

Deoca Group successfully organized an experiment to successfully route Trung Luong - My Thuan express way project

Deoca Group successfully organized an experiment to successfully route Trung Luong - My Thuan express way project

Especially, before, during and after this lunar New Year, the Trung Luong - My Thuan expressway will be "open" to serve people when the serious congestion on the National Route 1 route has not been resolved during holidays and Tet. Traveling on the occasion of Tet is nothing but to support more than 20 million people in the Mekong Delta to reduce traffic obstacles, thereby having more time for family reunion.

Prime Minister Nguyen Xuan Phuc spokeat the opening ceremony of Trung Luong - My Thuan expressway

Prime Minister Nguyen Xuan Phuc spokeat the opening ceremony of Trung Luong - My Thuan expressway

Deo Ca Company has done many works because it knows how to work, has strong will. Our will, energy and support for these units to do the best works for the country with the capabilities of the Vietnamese people. A prosperous Vietnam cannot be without international contractors such as Deo Ca Company.

Speaking at the opening ceremony of the Trung Luong - My Thuan expressway, Prime Minister Nguyen Xuan Phuc highly appreciated the capacity of the Deoca Group: “Deo Ca Company has done many works because it knows how to work, has strong will. Our will, energy and support for these units to do the best works for the country with the capabilities of the Vietnamese people. A prosperous Vietnam cannot be without international contractors such as Deo Ca Company".

On January 11th, 2021, at the southern tunnel entrance area in Lien Chieu District, Danang City, the investor - Deo Ca Investment Joint Stock Company of Deoca Group cooperates with the Ministry of Transport, the localities of Thua Thien-Hue, Danang to organize the inauguration of Hai Van 2 tunnel.

The Hai Van 2 tunnel category under the Deo Ca road tunnel project, with a length of 6.2km (route length of 12.4km including the path) is the longest road tunnel project in Southeast Asia. Hai Van 2 tunnel was proposed by Deoca Group to invest and deploy after the implementation of a series of works in Co Ma, Deo Ca and Cu Mong tunnels. This is a record project, confirming the capacity of Vietnam and Vietnamese enterprises in implementing a project of international stature.

Upon receiving this project, Deoca Group was aware of the great importance and difficulties and challenges ahead. Those are difficulties in technique - technology, mechanisms and policies, as well as capital. But the Deoca Group identifies this as a historic mission, an unprecedented challenge for the Group. The Group's mindset that dominates the entire project implementation process is to participate in the project not only for profit and revenue, but also for the purpose of developing infrastructure for the country, affirming the capacity and stature of Vietnamese enterprises in international competition.

Hai Van 2 tunnel is the most difficult project in terms of technical and technological solutions

Hai Van 2 tunnel is the most difficult project in terms of technical and technological solutions

Hai Van 2 tunnel is the most difficult project in terms of technical and technological solutions. During the construction process, the Investor has to handle complex technical stages, both constructing the Hai Van 2 tunnel and ensuring the construction safety and traffic safety for Hai Van 1 tunnel. But with current experience, determination and capacity to innovate, Deo Ca Group has successfully solved all technical obstacles in tunneling process.

The determination and efforts to innovate the technology have helped the Hai Van 2 tunnel project to be completed after only 4 years of construction. Although in the institutional - financial aspect, up to now, the Deo Ca project has still lingering problems that need to be actively resolved to ensure the interests of investors when the project has been put into operation. Awaring that people's travel need during the peak of Lunar New Year is very necessary (ensuring traffic safety, reducing travel time), but putting the project into operation will generate a lot of expenses (electricity, water, labor, monthly maintenance...) meanwhile, the long-term financial problems have not yet been resolved. Therefore, Deoca Group will try to organize the operation of vehicles through 2 tunnels for 20 days, from February 1st, 2021 to February 21st, 2021.

But beyond all these shortcomings and difficulties, it must be acknowledged that the completion of the Hai Van tunnel project by a Vietnamese private enterprise demonstrates the superiority of the public - private partnership (PPP) investment form. This approach has helped mobilize social resources to effectively solve the country's development problems - save a lot of money, significantly shorten the construction time and ensure the quality of the project. This approach will bring even greater success if there is the synchronous and drastic participation of the Government, the diligence of localities and choosing the right investors - capable, rich in national spirit and the aspiration to dedicate.

Danh Thanh

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