1987 - 1993
STRUCTURING WORKFORCE - DETERMINING STRATEGY
In 1987, Hoa Binh started its design and construction works on residential building. Despite its immaturity, Hoa Binh, with creative ability and responsibility, satisfied clients’ requirements. As a result, it was awarded and recommended to many new clients without hesitation.
In 1989, together with residential projects, Hoa Binh started to be awarded commercial projects including restaurants, hotels, and offices. Its resources began to increase from that time. Hoa Binh was one of the contractors invested bravely in workshops and equipped desktop computers in order to apply advanced technology into construction speciality and construction management. This application not only increased its operating effectiveness, but also stimulated creative activity and innovative spirit of the whole staff.
In 1993, after success in renovating part of the Saigon Shipchanco head office as a Seamen’s Club, Hoa Binh was invited to design and construct the renovation of the whole building which became the Riverside Hotel. Through this complex and large scale project, Hoa Binh experienced a remarkable step in design - construction ability and construction management.
At the same time, Hoa Binh successfully completed some other significant projects such as International Hotel, Food Center of Saigon, Tecasin Business Center and Serviced Apartments,... and attracted the attention of numerous foreign invested companies,who subsequently invited it to participate to their projects. This was an opportunity for Hoa Binh to build its resource bases by engineers, architects, skilled workers and to put forward the company’s development policy: specializing in high quality projects.
IMPROVING MANAGEMENT - ULTILIZING STRENGTHS
In 1993, Hoa Binh’s Carpentry Workshop was built at Hoc Mon District with an initial area of 1,500m2 which has moved to Go Vap District and has been fourfold in size. The workshop has considerably contributed to the growth of Hoa Binh through the design, manufacturing and installation of woodwork products that successfully met clients’ requirements in hundreds of projects.
In 1995, Hoa Binh was chosen as the main contractor for Song Be Golf Resort Clubhouse project, the largest golf resort clubhouse in South East Asia comprising an area of over 8,000m2. The Owner experienced some difficulties in making progress payments due to financial problems, delaying the construction schedule and causing considerable damage to Hoa Binh. Nevertheless, Hoa Binh shared the difficulties with the Owner, and together, step by step, found solutions to overcome the problems by putting the project into operation phase by phase.
At the same time, Hoa Binh invested in a factory producing special finishing material called Hodastone that becomes well-known due to its outstanding characteristic.
To satisfy the large financial demand of the company due to its rapid expansion, Hoa Binh created a Development Fund by monthly accumulative contribution of its staff. By their contribution, each member of the company became fully aware of their responsibility to its development. This was a precondition for the establishment of the Corporation.
In 1996, Hoa Binh was awarded the whole of land-based contract of the Fishing Port Facilities project at Cat Lai, Vung Tau, the largest fishing port in South East Asia. This project required the highest level of management skill, construction equipment and financial resources. Constructing such a large industrial project far from Ho Chi Minh City for the first time, Hoa Binh fully met its client’s international standard requirements. This was evidenced by recommendation letters from the Investor (the Ministry of Fisheries), the Consultant (Fisheries Engineering), and the Main Contractor (TOA Corporation), demonstrating that Hoa Binh could adapt to a wide range of types and scales of project.
ENHANCING RESOURCES - UPGRADING QUALITY
In 1997, the Board of Directors and all Department/ Section Heads attended ISO 9000 and Total Quality Management courses as well as qualitatively invested in work-force and technical facilities to assure higher quality of project performance.
After acquiring 70% of the shares of specialist aluminium and glass contractor Anh Huy Construction Ltd. Co., Hoa Binh has invested and led it to become a well-known company in Ho Chi Minh City and Ha Noi City. Anh Huy Co. is the only aluminium and glass company in Vietnam that has invested approximately a billion VND to install a laser cutter for laminated glass cutting. This installation among other developments led Anh Huy Co increase its capital from 2 billion in 1996 to 4,5 billion in 2000.
In 1998, the Ministry of Construction awarded a Gold Medal to Hoa Binh for the entire high quality design and construction of Tan Son Nhat Hotel project.
At Thuan Kieu Plaza project, while other sub-contractors failed to meet the harsh requirements of quality and work schedule, Hoa Binh recovered the previous delay of 02 months by hard working day and night. Despite its considerable financial loss, Hoa Binh helped the main-contractor (China State Construction & Engineering Corporation) to overcome project difficulties. Since then, the relationship of understanding, trust, assistance and co-operation between Hoa Binh and the main-contractor has become closer and more effective.
In 1999, the success of Hoa Binh in constructing the Delta Juice Plant project at Long An as the main- contractor led to its receiving a high commendation from the American Investor and Consultant, and firmly establishing its capability in international standards of construction.
Similarly, on a number of large scale project including Saigon Sky Garden Apartment, Stamford Court, Riverside Apartments, Legend Hotel, Melinh Point Tower, Ocean Place (Now renamed Sheraton Plaza)... Hoa Binh was the contractor who consistently satisfied clients’ requirements and subsequently invited to continue work untill the completion of the projects.
RESTRUCTURING ORGANIZATION - EXPANDING MARKETS
On December 1st 2000, Hoa Binh Construction and Real Estate Corporation was officially established with the whole work-force of Hoa Binh Construction, after careful preparation and with the full agreement of Industrial and Civil Construction Co. (ICCC), the company to whom Hoa Binh was affiliated.
At the end of 2000, together with all mankind welcoming the new millennium, Hoa Binh Construction and Real Estate Corporation organized a music show named “The City in Spring”, broadcast on HCM City Television (HTV). It celebrated the occasion of Tet Tan Ty, the Year of the Snake. That entertainment activity, together with other cultural and sporting activities uplifted spiritual life and consolidated Corporation members’ unity...
In 2001, Hoa Binh's quality management system on construction services fully met all requirements of ISO 9001 : 2000 international standards and awarded the ISO 9001:2000 Certificate of Approval by the Quality Management System Certification Service (QMS).
After acquiring and fully renovating the new premises at 235 Vo Thi Sau Str., District 3 with all modern facilities, Hoa Binh Corporation's head-office was relocated from 52A Truong Dinh Str., District 3 in April, 2001.
In 2002, the Corporation expanded its market to Phu My Hung new urban city area. Since initial projects built in 2000, 2001 such as My An, My Canh quarters, the Owner, Phu My Hung Joint Venture, has trusted and awarded numerous other large projects to Hoa Binh such as My Kim, My Toan, My Khanh, My Gia quarters which are high-class villa areas, and high-class apartment buildings Hung Vuong I & II. In the same period, the corporation got confidence of it. Finn partner, Huhtamaki Corporation, awarded the contract for construction of its Huhtamaki Vietnam factory in the Vietnam - Singapore Industrial Park. This is a factory with high-class requirements on quality, technology and aesthetics, considered by the Owner as a 5-star factory. Hoa Binh had successfully completed its construction mission with a warmly high assessment by the Owner. Mr. Tony Comb, General Director of Huhtamaki Corporation, said in the Opening Ceremony of the factory: “Many thanks to Hoa Binh, a contractor who does not meet any work he cannot do".
Subsidiary companies Moc Hoa Binh, Hoa Binh Paint were continuously been awarded prizes and certificates of merit from Ministry Of Construction at VietBuild Exhibitions in 2002, 2003, 2004, 2005, 2006; Lion Windows and Doors got the titled award “Top Ten Viet Trade Name" in 2004; Hoa Binh Paint with “Favourite Viet Trade Name” and Hoa Binh Corp. also asserted in its construction field with “Strong Trade Name in Construction and Real Estate Trade in 2004, 2005, 2006”.
In 2004, after 3 years of successful application and incessant improvement, the Hoa Binh quality management system ISO 9001:2000 was granted for 2nd time by QMS with expansion to M&E works and Interior Decoration .
We can say that Hoa Binh contributes to bringing of the international quality to Vietnam construction projects. Hoa Binh gets the clients' trust and honors, pride on its awards, thanks to its great efforts of durable striving in many years and the choice by international experts with 16th INTERNATIONAL AWARD In the Construction Trade “NEW MILLENIUM AWARD”, Golden Medal of Global Management Quality,” DIAMOND EYE Award for Perfect Quality and TQCS Accreditation (Top Quality Customer Satisfaction), PLATINIUM TECHNOLOGY AWARD for Quality and Best Trade Name.
2004 was the year of special events. In addition to high achievement of Company regarding inland and international awards, Hoa Binh Company has many working experiences as well as progression in approaching new technologies of construction via actual complex and difficult construction works such as carrying out the construction work of a basement for highrise building at a extremely difficult location, steel piling, completion of 72 parallel villas and quaternary villas with record time of 6 months, carrying out reinforced concrete works for a high building in a record time of 06 days for 1 block, and especially it was the first construction work of highest Southeast Asian Television Tower (252m, equal to 5/6 Eiffel Tower). Also this year, Hoa Binh was shifting from the role of main contractor for new construction works in Phu My Hung such as My Gia Quarter (S12), My Thai II Quarter (S4) and My Vien Quarter (S13),... from outstanding performance of Hoa Binh Company, Phu My Hung has chosen us as main contractor for some works (My Thai II Quarter).
2005 was a meaningful year of development of Hoa Binh Corporation. Hoa Binh has shown the progression in approaching new technologies in construction field via building some large-scale and high technical works such as Tan Son Nhat Airport, Nam Hai Resort (upto now, the highest valued work is 72 billion with 60 high-class villas including indoor decoration), Hanoi National Conference Center (the hardest work of indoor decoration with main hall capacity of 3800 seats, the meeting room for APEC SUMMIT 2006), RMIT School Materials Center (one center used for research of new materials and technologies for finishing such as grano, reinzin, Fletcher aluminum) and Park Hyatt Saigon Hotel.Besides, we have completed and been constructing other high quality works such as Head Office of Thep Viet Company, Saigon View Apartment Building, My Vien Apartment Building, Green Hills Apartment Building, Sao Mai Apartment Building, Cantavil High Class Apartment Building, My Thai Villas, My Gia Villas, and other works...
Besides, we have also strengthened our existing scopes of operations. We shifted into investment sector with 02 large-sized projects: Hoa Binh International Villa Resort Project in Lang Co, Thua Thien Hue and Hoa Binh Tower.
CONSOLIDATING WORKFORCES - REACHING THE PEAKS
In 2006, Hoa Binh was officially listed on Ho Chi Minh City Stock Exchange and became the first general contractor participate in Vietnam Stock market. This remarkable event created opportunities for Hoa Binh to strengthen its position.
In 2007, Hoa Binh increased capital through the stock exchange market, its investment expansion to the real estate field, as well as its cooperation opening to many strategic partners in the construction and real estate fields such as Chip Eng Seng Group, Citadel Investment Fund (Hong Kong Branch), HCMC Branch of Petro Vietnam Finance Company. Also Hoa Binh has become a reliable partner for many big companies in the field of construction and real estate, especially for foreign investors such as KTOM joint venture (a conglomeration of four big Japanese construction groups: Kajima, Taisei, Obayashi, and Maeda), Sino Pacific Company, Indochina Resort, Posco Engineering & Construction Company, Phu My Hung Joint Venture, and so on. With these utmost efforts, Hoa Binh received many awards and prestigious titles, such as Vietnam Gold Star, Strong Brand Name in construction industry and Top Ten Vietnamese Brand Name.
In 2008, the financial crisis and the subsequent global economic recession had a big impact on Hoa Binh’s business operations. Nevertheless, in such a context Hoa Binh learnt lessons from experiences in risk management, financial management and investment projects management, minimize disruptive events and assure the sustainable development of the Corporation. Hoa Binh performed many large-scale projects such as Hanh Phuc International Women and Children Hospital (Binh Duong), Phu My Apartment Buildings (District 7, HCMC), Nam Long (District 7, HCMC), Can Tho International Airport Terminal, Truong Tho Apartment, Kumho Asiana Plaza (HCMC), Keangnam Hanoi Landmark Tower, CRR & CR8 the Crescent Pool…
In 2009, Hoa Binh has also started implementing the ERP management software and the 5S program to both parent company and all subsidiaries. Major projects in 2009: Saigon Pearl – Development (HCMC), The Kenton Residences Blocks G & H (Nha Be – HCMC), Mipec Tower (Hanoi), Habico (Hanoi), Green Hotel (Kien Giang), Vincom – Area B (HCMC). Hoa Binh was the only contractor to be selected participating in Vietnam Value program and awarded Vietnam Gold Star, “Social Responsibility”, International Star Award for Leadership in Quality Management, Top 500 Vietnamese Private Enterprises and many other awards.
In 2010, exceeding over 2000 enterprises, Hoa Binh once again honorably achieved the “Vietnam Value” award for second time, Vietnam Gold Cup for Construction Quality awarded to its 3 projects. Hoa Binh was in charge of valuable large-scale projects such as Times Square, Executive Building (Southern Airport Corporation) and became the first domestic contractor for five-star Le Meridien Hotel project (HCMC).
In 2011, there is fluctuation of economy situation in the world as well as in the country and gives impacts on Hoa Binh business activities. By experiences and appropriate strategies, Hoa Binh achieves many successes. It successfully implements OHSAS 18001:2007 and ISO 14001:2004 systems granted by British Standard Institute. Also, Hoa Binh applies CONQUAS international standard system developed by the Building and Construction Authority of Singapore to assess project quality, B.I.M (Building Information Modeling) solution in design, construction management, and Portal Office software. According to logic and professional management working to international standard, human resources and service quality will be improved more and more.
Hoa Binh continues to win valuable projects such as Celadon City, SGGP Newspaper Cultural - Professional Building, MB Sunny Tower, Times City…
In 2012: Hoa Binh celebrated the 25th anniversary and received the 3rd Class Labor Medal, the Chairman cum CEO, Mr. Le Viet Hai proudly received the Prime Minister’s Award, and the company members honorably received the Award Certificate of Merit by Ho Chi Minh People’s Committee. Hoa Binh is proudly the only Southern Construction Enterprise continues to receive the 3rd Vietnam Value in the row and it is one of 25 entrepreneurs to receive this honor certificate; Hoa Binh is one of two Construction Enterprises in HCMC honorably received the Certificate of Merit by Ministry of Labor – War Invalids and Social Affairs.
The Company also successfully expands to Industrial and Infrastructure industry with 8 projects which total value is more than 1,700 billion dong. Besides that, Hoa Binh is fast – growing in North and Middle as well as the other provinces market.
In 2012, Hoa Binh accomplished the last BI subsystem (Business Intelligent) of ERP, and Hoa Binh is also the 3rd company successfully established the Business Intelligent in the country.