FECON’s Chairman: To pass through xsmn hôm xổ số miền nam crisis, “Luck” is xsmn hôm xổ số miền nam most important factor

Success = Luck + Right Business Choice Helping xsmn hôm xổ số miền nam company overcome xsmn hôm xổ số miền nam storm of economic crisis during 2008-2010 with xsmn hôm xổ số miền nam steady revenue growth rate over 35%, xsmn hôm xổ số miền nam Board Chairman of FECON – Pham Viet Khoa supposed that : xsmn hôm xổ số miền nam main factors to pass all xsmn hôm xổ số miền nam 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, “xsmn hôm xổ số miền nam interference between Buildings & xsmn hôm xổ số miền nam Earth” as Mr.Khoa said, are xsmn hôm xổ số miền nam particular fields of  xsmn hôm xổ số miền nam construction industry that requires all xsmn hôm xổ số miền nam engineers a deep understanding of both building structure and soil mechanics. * In xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam talents? Salary is xsmn hôm xổ số miền nam necessary factor while company culture is xsmn hôm xổ số miền nam sufficient factor. Vietnamese companies cannot compare with foreign ones about xsmn hôm xổ số miền nam salary. Whereas, all xsmn hôm xổ số miền nam engineers from FECON are good at English, have both technique standard and competences to work in xsmn hôm xổ số miền nam international working environment. Thus, it is very hard for FECON to keep xsmn hôm xổ số miền nam talents if xsmn hôm xổ số miền nam engineers only care about xsmn hôm xổ số miền nam salary but not see in xsmn hôm xổ số miền nam long future. In terms of income, although FECON’s salary is lower than that of foreign companies in xsmn hôm xổ số miền nam same field, we believe that xsmn hôm xổ số miền nam income of all xsmn hôm xổ số miền nam employees will increase and ensure their long-term career development together with xsmn hôm xổ số miền nam growth of our company. Beside xsmn hôm xổ số miền nam production activities and R&D, building corporate culture has become one of xsmn hôm xổ số miền nam most important missions of FECON. In such a construction company, especially in foundation engineering & underground construction field where xsmn hôm xổ số miền nam works are extremely hard, in order to keep xsmn hôm xổ số miền nam talented people, we need to have spiritual engagement to create an environment for xsmn hôm xổ số miền nam employees to chase their passion, express themselves & contribute to xsmn hôm xổ số miền nam society. * More than 10 years as xsmn hôm xổ số miền nam Chairman of FECON, which stage have you seen as xsmn hôm xổ số miền nam most difficult one? xsmn hôm xổ số miền nam most difficult stage to businessman, I think, is xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam cash flow, business…. * Looking back to that period, what are xsmn hôm xổ số miền nam main factors to help FECON overcome xsmn hôm xổ số miền nam difficulties in your opinion? I think xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam revenue & net profit was seen to increase, xsmn hôm xổ số miền nam numbers only reached 90, 3% respectively & 91% planned. There were some fears that FECON will get xsmn hôm xổ số miền nam difficulties in achieving xsmn hôm xổ số miền nam revenue target of VNĐ 1, 800 billion in 2015… FECON is confident to achieve xsmn hôm xổ số miền nam set target. Not 100% sure at this time but with all xsmn hôm xổ số miền nam awarded projects as well as approaching ones, we believe that we can reach our 2015 business goal. Up to now, xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam goal to become xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam boundary between xsmn hôm xổ số miền nam impossible and possible things to motivate ourselves. In order to achieve our goal, FECON has been implementing a number of strategic actions as follows: xsmn hôm xổ số miền nam first is sales growth: To increase sales, FECON has invested heavily in machinery, equipment for xsmn hôm xổ số miền nam core service and carried out some M&A at xsmn hôm xổ số miền nam same time to enrich sources for xsmn hôm xổ số miền nam system, ready for great opportunities. xsmn hôm xổ số miền nam second is restructuring financial foundation: In order to participate in xsmn hôm xổ số miền nam bidding and implement some major projects, xsmn hôm xổ số miền nam capital from xsmn hôm xổ số miền nam issue of convertible bonds will be used for xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam main investor and local bidder to have xsmn hôm xổ số miền nam abundant financial resources. xsmn hôm xổ số miền nam third is constantly improving management capacity In xsmn hôm xổ số miền nam period of 2014-2015, FECON has had several actions to consolidate xsmn hôm xổ số miền nam system and enhance xsmn hôm xổ số miền nam management capacity. We will have been continuing to carry out for xsmn hôm xổ số miền nam next few years. * In xsmn hôm xổ số miền nam infrastructure field, there are a number of big companies like Cienco, Tasco, CII…So, what are xsmn hôm xổ số miền nam advantages of FECON while doing xsmn hôm xổ số miền nam same business? Our prominent advantage is able to supply optimized & overall solutions for xsmn hôm xổ số miền nam projects, especially for ground & foundation engineering ones, which help xsmn hôm xổ số miền nam project to save money, ensure xsmn hôm xổ số miền nam quality and shorten xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam total cost of xsmn hôm xổ số miền nam 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 xsmn hôm xổ số miền nam 2020 roadmap goal? This project has been in research stage, not investment. If xsmn hôm xổ số miền nam authorities & investors approve, FECON will invest in. It only plays a part for xsmn hôm xổ số miền nam roadmap to xsmn hôm xổ số miền nam 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.