FECON’s Chairman: To pass through kết quả xổ số hôm nay crisis, “Luck” is kết quả xổ số hôm nay most important factor

Success = Luck + Right Business Choice Helping kết quả xổ số hôm nay company overcome kết quả xổ số hôm nay storm of economic crisis during 2008-2010 with kết quả xổ số hôm nay steady revenue growth rate over 35%, kết quả xổ số hôm nay Board Chairman of FECON – Pham Viet Khoa supposed that : kết quả xổ số hôm nay main factors to pass all kết quả xổ số hôm nay difficulties are luck and right business choice. “Our business is quite advanced technique and necessary for all types of projects such as civil construction, industrial construction, infrastructure construction and irrigation works. For that reason, we know that there are a lot of works for us to do if we do them well.” Foundation engineering & underground construction, “kết quả xổ số hôm nay interference between Buildings & kết quả xổ số hôm nay Earth” as Mr.Khoa said, are kết quả xổ số hôm nay particular fields of  kết quả xổ số hôm nay construction industry that requires all kết quả xổ số hôm nay engineers a deep understanding of both building structure and soil mechanics. * In kết quả xổ số hôm nay construction industry, Turnover rate is quite high.  A recent survey showed that 73% respondents considered that a good company is a high salary paying one. With its distinct business field, does FECON pay high salary to retain kết quả xổ số hôm nay talents? Salary is kết quả xổ số hôm nay necessary factor while company culture is kết quả xổ số hôm nay sufficient factor. Vietnamese companies cannot compare with foreign ones about kết quả xổ số hôm nay salary. Whereas, all kết quả xổ số hôm nay engineers from FECON are good at English, have both technique standard and competences to work in kết quả xổ số hôm nay international working environment. Thus, it is very hard for FECON to keep kết quả xổ số hôm nay talents if kết quả xổ số hôm nay engineers only care about kết quả xổ số hôm nay salary but not see in kết quả xổ số hôm nay long future. In terms of income, although FECON’s salary is lower than that of foreign companies in kết quả xổ số hôm nay same field, we believe that kết quả xổ số hôm nay income of all kết quả xổ số hôm nay employees will increase and ensure their long-term career development together with kết quả xổ số hôm nay growth of our company. Beside kết quả xổ số hôm nay production activities and R&D, building corporate culture has become one of kết quả xổ số hôm nay most important missions of FECON. In such a construction company, especially in foundation engineering & underground construction field where kết quả xổ số hôm nay works are extremely hard, in order to keep kết quả xổ số hôm nay talented people, we need to have spiritual engagement to create an environment for kết quả xổ số hôm nay employees to chase their passion, express themselves & contribute to kết quả xổ số hôm nay society. * More than 10 years as kết quả xổ số hôm nay Chairman of FECON, which stage have you seen as kết quả xổ số hôm nay most difficult one? kết quả xổ số hôm nay most difficult stage to businessman, I think, is kết quả xổ số hôm nay world & Vietnamese economic crisis one, from 2008 to 2011, when a series of real estate projects, industrial zones, factories…were postponed or even cancelled. In that stage, FECON experienced such a very hard time to do business. Luckily, FECON had some intimate partners, large bidders from Japan, who helped us to participate in many Japanese FDI projects in Vietnam, so we could maintain kết quả xổ số hôm nay cash flow, business…. * Looking back to that period, what are kết quả xổ số hôm nay main factors to help FECON overcome kết quả xổ số hôm nay difficulties in your opinion? I think kết quả xổ số hôm nay most important factor is Luck. One more thing is our business choice, FECON has been consistent to specialize in our main field, neither expanding nor spreading. * In 2014, although kết quả xổ số hôm nay revenue & net profit was seen to increase, kết quả xổ số hôm nay numbers only reached 90, 3% respectively & 91% planned. There were some fears that FECON will get kết quả xổ số hôm nay difficulties in achieving kết quả xổ số hôm nay revenue target of VNĐ 1, 800 billion in 2015… FECON is confident to achieve kết quả xổ số hôm nay set target. Not 100% sure at this time but with all kết quả xổ số hôm nay awarded projects as well as approaching ones, we believe that we can reach our 2015 business goal. Up to now, kết quả xổ số hôm nay total value of signed contracts has been 2,040 billion VNĐ with a series of projects to be completed such as Thai Binh 1 Thermal Power Plant (over 200 billion VNĐ), Samsung Bac Ninh (over 80 billion VNĐ), Long Phu 1 Thermal Power Plant – piling works (over 70 billion VNĐ) & Dai Quang Minh Soil improvement project (over 180 billion VNĐ). Moreover, we are also approaching some projects in HCMC with hopes of good results. * FECON has set kết quả xổ số hôm nay goal to become kết quả xổ số hôm nay leading corporate group in infrastructure in 2020. Is it out of reach when only 5 years left? Targets are always set more highly than reality to be reached. It must be located at kết quả xổ số hôm nay boundary between kết quả xổ số hôm nay impossible and possible things to motivate ourselves. In order to achieve our goal, FECON has been implementing a number of strategic actions as follows: kết quả xổ số hôm nay first is sales growth: To increase sales, FECON has invested heavily in machinery, equipment for kết quả xổ số hôm nay core service and carried out some M&A at kết quả xổ số hôm nay same time to enrich sources for kết quả xổ số hôm nay system, ready for great opportunities. kết quả xổ số hôm nay second is restructuring financial foundation: In order to participate in kết quả xổ số hôm nay bidding and implement some major projects, kết quả xổ số hôm nay capital from kết quả xổ số hôm nay issue of convertible bonds will be used for kết quả xổ số hôm nay investment, asset growth as well as cash flow to strengthen financial capacity. Besides, FECON has strongly urged foreign partners to invest in projects in Vietnam and then become kết quả xổ số hôm nay main investor and local bidder to have kết quả xổ số hôm nay abundant financial resources. kết quả xổ số hôm nay third is constantly improving management capacity In kết quả xổ số hôm nay period of 2014-2015, FECON has had several actions to consolidate kết quả xổ số hôm nay system and enhance kết quả xổ số hôm nay management capacity. We will have been continuing to carry out for kết quả xổ số hôm nay next few years. * In kết quả xổ số hôm nay infrastructure field, there are a number of big companies like Cienco, Tasco, CII…So, what are kết quả xổ số hôm nay advantages of FECON while doing kết quả xổ số hôm nay same business? Our prominent advantage is able to supply optimized & overall solutions for kết quả xổ số hôm nay projects, especially for ground & foundation engineering ones, which help kết quả xổ số hôm nay project to save money, ensure kết quả xổ số hôm nay quality and shorten kết quả xổ số hôm nay progress, thereby increasing its efficiency. Each project will need its own specific alternative solutions especially ground & foundation engineering projects that have high safety factor (FS) in design, but FECON can help our customers to save money up to 30% thanks to our understanding of soil mechanics, ground & foundation engineering. With transport infrastructure projects, whose cost of ground & foundation engineering often accounts for 40-60% construction value, saving money up to 30% is equivalent to 15-20% savings for kết quả xổ số hôm nay total cost of kết quả xổ số hôm nay project.  * FECON has justsigned with Vault Investment Fund (UAE) onstrategic co-operation about investment of an entertainment sports park complex spanning 175ha at Phu Quoc Island (Kien Giang province). Does this project contribute to kết quả xổ số hôm nay 2020 roadmap goal? This project has been in research stage, not investment. If kết quả xổ số hôm nay authorities & investors approve, FECON will invest in. It only plays a part for kết quả xổ số hôm nay roadmap to kết quả xổ số hôm nay goal 2020. We have planned to be a local investor for foreign ones with some projects relating to real estate as well as transport infrastructure. Up to now, we have achieved some remarkable success in a number of projects.