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HBC picks up several large projects

Released at: 15:39, 12/07/2017

HBC picks up several large projects

Photo: HBC

Hoa Binh Construction Group recently engaged in projects around Vietnam worth nearly $90 million.

by Hai Van

The Hoa Binh Construction Group Joint Stock Company (HBC) has secured several major projects worth a total of VND2 trillion ($87.98 million).

It has been entrusted with six new large-scale projects with a total contract value of VND2.075 billion ($91.27 million).

Keppel Land Group has assigned HBC as the general contractor for structures, electricity, and landscape construction at The Riviera Point Phase 2 in District 7, Ho Chi Minh City, with three towers and 518 apartments.

The project is required to build to Green Mark Gold (750 points / 1000 points) standards to ensure safety and environmental sanitation. The total value of the contract is VND1.08 trillion ($47.5 million) and completion is expected within two years.

The Hanoi Real-Estate Business and Services Joint Stock Company under the BRG Group has assigned HBC as the main contractor for the Oriental Garden mixed office and residential complex in Hanoi worth more than VND400 billion ($17.59 million). The 35-story complex is expected to be completed in the second quarter of 2018.

The Cua Duong Star Joint Stock Company under the MIK Group has engaged HBC to build the condotel section of Zone A at the Movenpick Resort and the basic completion of the resort, in a contract valued at VND191 billion ($8.4 million).

The Starbay Vietnam Joint Stock Company under the MIK Group has assigned HBC to build the foundations and structure of Crowne Plaza at Bai Dai Resort on Phu Quoc Island in a contract worth VND174 billion ($7.65 million).

In addition, the Vietnam Land SSG Limited Company signed on with HBC in a package for a tunnel for the Opal Tower project in Ho Chi Minh City. The project is valued at over VND136 billion (5.98 million) and officially began on July 5.

HBC also won a package on electrical engineering with Vingroup for the Vincom Quang Binh project. The total value of the package is VND90 billion ($3.95 million). It has been reported that HBC won the project contract with a total value of VND10.44 trillion ($459.26 million) at the beginning of this year.

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