Dear Shareholders, Valued Customers, Business Partners, and all Employees of CC1!
In 2023, the world faced many challenges, such as supply chain disruptions and inflation surge due to the Ukraine-Russia War’s consequences. Construction Corporation No.1 - Joint Stock Company (CC1) is no exception for being affected by the negative impacts in several business areas. However, CC1 Management still maintains company core business lines. The consistency in the business strategy and right decisions have helped CC1 sustain its growth momentum and achieve relatively positive outcomes.
Earlier this year, CC1 was once again honored as one of Vietnam's top 5 largest construction companies, according to Vietnam Report, which marks the 16th consecutive year CC1 has been recognized in this category. In addition, 2023 is considered a pivotal year for public investment, as the Government focuses on accelerating the disbursement of funds for a multitude of transportation and technical infrastructure projects. Leveraging its strength in transportation and technical infrastructure construction, CC1 has continuously been part of various key national projects, including four packages under the Eastern North-South Expressway project in 2021-2025.
Most recently, CC1 has achieved several milestones by winning contracts for projects on the Bien Hoa - Vung Tau expressways, Khanh Hoa - Buon Me Thuot expressways, and Component 1 of the Chau Doc - Can Tho - Soc Trang Highway Construction Investment Project (Phase 1). With its involvement in the consortium for the construction of Passenger Terminal T3 - Tan Son Nhat International Airport (Package 12), Package 5.10 - Passenger Terminal - Long Thanh International Airport (Phase 1), and the construction of the Dai Ngai Bridge on National Highway 60 in Tra Vinh - Soc Trang, CC1 will fully mobilize resources in the transportation and technical infrastructure sectors in the coming time. This shall contribute to enhancing the national infrastructure system, fostering economic cooperation among regions, and supporting the socio-economic development of specific localities and the entire country. It is regarded as a remarkable milestone for CC1 in an economy and market holding numerous underlying risks.
Along with a focus on improving business operational efficiency and expanding market share, CC1 consistently fulfills its social responsibility to the community through various welfare programs, such as constructing rural roads and bridges, honoring families of policy beneficiaries, and contributing to Funds for the Poor in different localities and provinces.
Moving forward to 2024, with the promising outlook for the construction industry, CC1 objectives are to concentrate all available resources to ensure the progress of projects in the transportation and technical infrastructure sector, as well as other public investment projects. CC1 aims to increase revenue and set up value chains with relevant partners and also plays a part in achieving corporation long-term objectives. With our dedicated and cohesive team of employees at CC1, we continuously strive to improve construction quality and reinforce our organizational structure to reciprocate the trust and support of our Shareholders, Valued Customers and Business Partners throughout our journey toward becoming a leading investment and construction company in Vietnam and aiming for the international arena.
Sincerely yours!
Chairman of the Board
Nguyen Van Huan