Two strike partnership to expand to foreign markets.
The Hoa Binh Construction and Real Estate Corporation (HBC) became a strategic partner of Japan’s Kajima Corporation on February 24, with the aim of expanding to foreign markets.
The two will bring new applications in engineering and technology to projects in Vietnam, providing more products and services of international quality to Vietnam’s construction market.
They believe now is right time to bring more added value to key projects, including those in resorts, serviced apartments, hotels and houses that Kajima is planning to develop in Vietnam and in Southeast Asia.
HBC also won the Design & Build (D&B) bid for the Dam Vac Golf and Time Garden Vinh Yen project in northern Vinh Phuc province, invested by the Urban Infrastructure Development Investment Corporation (UDIC).
The total value of the contract is VND2 trillion ($88 million). The project covers 27 ha with 558 villas and three apartments buildings, including a trade center and an entertainment area.
This was the second project where HBC has won a construction bid as a constructor this year. The first was a luxury apartment project in Ho Chi Minh City’s District 9, invested by the Khang Dien House Trading and Investment JSC, which was worth VND1 trillion ($44 million).
HBC has also won construction bids at the Sunhome Phu Quoc project and the Hon Thom Cable Car & Entertainment Complex invested by the Sun Group. The value of the contracts was VND171 billion ($7.5 million).
Founded in 1987, HBC has 6,000 employees and has contributed to completing 80 high-rise projects and is currently carrying out approximately 50 projects around the country.
It recently won the tender for construction and equipment installation at the International Terminal 2 at Tan Son Nhat International Airport in Ho Chi Minh City and the tender for the construction of the entire structure, architecture, and M&E packages for the Office Building Project - Saigon South Office 1 in District 1.