Since its foundation in 2000, Cavico Vietnam Co., Ltd has performed construction projects of industrial – civil buildings, infrastructure, underground works, hydropower dams, roads, and in mining projects all over the country.
After years of operating and growth, Cavico has now developed a strong reputation, which is recognized by Vietnamese and foreign customers, of being a professional contractor – investor in many large state-run projects and a wide range of investment fields including infrastructure development, energy, construction materials, tourism and services.
We strongly believe in the domestic market’s prospect as Viet Nam is currently considered to have high and stable growth rate. Amongst significant changes that Vietnamese Government have made to their investment policies in efforts to facilitate enterprises’ business activities, great priority was given to develop fields of industry and construction (these two fields account for 43 – 44 percent of total GDP for 2010).
Electricity Market
Demand for power in Viet Nam is surging (at 17 percent per year) as a result of domestic economic growth. As predicted, domestic electricity consumption will rise 2,000 MW of power every year over 2009 – 2015 period, which costs the country an approximately USD three million annually.
Under the 2001-2010 Power Development Master Plan of Viet Nam and orientation until 2020 granted by Prime Minister, total power supply in large river valleys (where hydropower plants with installed capacity over 30 MW can be built) may gain 15,374 MW which means that an annual yield of 66.9 billion kWh can be supplied. Up-to-30 MW hydropower plants and stations built in smaller river valleys are estimated to provide 1,530 MW or 10 percent of hydropower plants with installed capacity over 30 MW.
Besides, Viet Nam’s wind energy market is considered the most potential in South East Asia with estimated capacity of 400 MW until 2030. At present, some wind electricity plants have been prepared to be developed, including the Cau Dat Project performed by Cavico. Located in Truong Tho Hamlet, Xuan Truong Commune, Da Lat City, Lam Dong province, the project has output of 30 MW in the first stage.
Transport Construction Market
As an expert and experienced contractor in transport construction, since its very first days, Cavico has been involved in a wide range of road projects including highways, inter-provincial roads, national roads, particularly the Ho Chi Minh Highway.
Mastering various knowledge and experiences in this business field, Cavico is always ready to join important projects funded by the State. Currently, Vietnam’s transport construction market is full of opportunities as the Government is taking into consideration enhancement of transportation system for better commercial activities among regions nationwide.
Civil Construction Market
In addition to construction of industrial works, infrastructure, communication routes, Cavico Vietnam has step by step participated in civil construction projects such as houses and office buildings.
Vietnam’s housing – office building sector now promises to bring great chances to enterprises and investors, as property market is booming here in the country’s two largest cities and Hanoi capital’s surroundings, led by Vietnam’s economic growth rate of over 7 percent on average since 2002, the second fastest growth after China.
Cavico is making preparation for a series of big civil construction projects namely the 450- hectare urban zones Chieng Ngan in Son La, the Ngo Sai urban zone in Hanoi’s West North, and an international tourism park in Luong Son, Hoa Binh that covers 354 hectares of area including an entertainment park, convention hall, high-end entertainment area, international residential district, villas, restaurant and hotels, etc.
Mining Market
On November 2007, Plan on exploration, exploitation, processing and utilization of minerals for construction materials in Vietnam by 2020 was signed and issued by the Prime Minister, which enables investors and entrepreneurs to invest in this field of business over the period of 2008 – 2020.
After surveys and explorations, many valuable metal mines scattered all over the country were detected, of which iron ores were discovered on more than 200 spots mainly in the Northern mountainous region. Other ores consisting of lead, zinc, copper, tin, aluminum gather in Tay Ninh, Tam Dao (Vinh Phuc), Lam Dong, Ha Giang, Cao Bang, Lang Son, etc. That means Vietnam is abundant in ores reserves of various metals.
Foreseeing potential growth in domestic mining market, Cavico is gradually shifting from earth loading in coal mines towards investment in mining and seeking joint venture partners for mining projects in both domestic and overseas markets. In the first stage of its development strategy, the company will focus on exploitation of domestic iron, copper and zinc mines; and prepares for exploitation of stone mines for building materials. To date, Cavico has started works on Quy Hop White Marble Stone Mine with reserves over 20 million tons.
Together with exploitation, Cavico is going to build a 53,481 sq.m plant for superfine stone powder production in Nam Cam Industrial Park, Vinh City, Nghe An Province. The plant is scheduled to supply 200,000 tons of products every year in a 40 year – operating period.