Vinaconex invests in seaport construction

Vietnam Construction and Import-Export Corporation (Vinaconex) has contributed 40% of the capital to build Van Ninh International Port (Quang Ninh).

Last week, the Van Ninh general port project phase 1 was started. The investor of the project is Van Ninh International Port Joint Stock Company, in which Vinaconex contributes 40% of the capital, Duong Dong Group Joint Stock Company contributes 40%, the local partner contributes 20%. In this project, Vinaconex also assumes the role of general contractor.

Van Ninh general port has a total planning area of 480 ha, of which phase 1 is deployed on an area of 82 ha; total berth length is 500 m for ships and 390 m for barges. Total investment is 2,248 billion VND, expected to be completed and put into operation by 2024.

This is one of a series of 4 long-term growth driving projects of Quang Ninh, capable of receiving ships of up to 20,000 tons, ferries on rivers and inland waterways, and functions as a focal point for gathering and distributing goods. import and export goods of Vietnam with the Chinese market.

Perspective of Van Ninh port, one of the key projects of Quang Ninh province implemented by Vinaconex General Contractor.

With the strength of construction, Vinaconex is aiming to be an investor and contractor for the construction and installation of traffic infrastructure such as highways, seaports and airports.

Vinaconex and its consortium are undertaking the three largest bidding packages in three North-South expressway component projects invested by the Ministry of Transport. Most recently, the enterprise participated in the bidding package "Construction of works; Supply, installation of equipment and construction of mechanical and electrical systems" under the project "Construction of passenger terminal T2, international airport". Phu Bai Economic". The bidding package is valued at over VND 1,545 billion.

In the third quarter, Vinaconex achieved sales and service provision of 1,269 billion VND, profit after tax in the third quarter reached 109 billion VND.

Accumulated in the first 9 months of the year, the Corporation recorded revenue of 3,610 billion dong, consolidated pre-tax profit reached 535 billion dong. Thanks to more effective cost management, the company's gross profit margin improved to 16% compared to 15% in the same period last year.

As of September 30, Vinaconex's total assets reached 30,840 billion VND, an increase of 57% compared to the beginning of the year and a slight increase of 2% compared to the end of the second quarter. Equity is 7,508 billion VND, profit after tax has not been divided. distribute 2,043 billion VND.

According to Vinaconex leaders, in the context of many localities implementing social distancing in the third quarter and quiet economic activities, the above profit results show the remarkable efforts of Vinaconex, which continues to have many activities. investment activities to prepare for the breakthrough period at the end of the year and next year.

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