Thanh Hoa PetroVietnam Investment and Construction JSC (PVC-TH) has set a target to become a highly competitive business both inside the country and in Asia in the areas of petroleum and civil construction, development of industrial parks, real estate and services.
Quick and sustainable development
PVC-TH is one strong trademark of the PetroVietnam Construction joint stock corporation (PVC). It operates mainly in civil and industrial petroleum construction, industrial park construction, real estate business and mineral exploitation in Thanh Hoa Province and the northern central region.
PVC-TH is now the investor of many projects, including the petroleum building at No. 38A at Le Loi Highway, Dien Bien Wards, Thanh Hoa City; and the petroleum and trade complex in Thanh Hoa and apartment and service complex at Nghi Son Oil Refinery.
Last year, the company made remarkable achievements in its operations, laying a foundation for its future development and growth with total revenues of VND108 billion. This year, it targets revenues of VND949 billion and a pre-tax profit of VND100 billion. Its dividend is expected to account for 15 percent of registered capital in the year. PVC-TH has been listed among top 15 strong businesses of PVC.
Professional operation
Luong Hoang, Director of PVC-TH, said, the company’s strategy is quick and sustainable development which is based on high competitiveness and efficiency, with the focus on the petroleum construction area, particularly building infrastructure for underground works and mechanical production and manufacturing. The firm aims to raise the ratio of production activities which use more high technology.
In its development orientation, PVC-TH always considers human resources and sci-tech as the most important factors. Therefore, personnel training and development has been paid special attention to create qualified human resources. The company’s qualified workers are provided with international certificates. PVC-TH also selects experienced staff for key positions, meeting increasing demand of construction works.
Defining sci-tech as a momentum for the development and implementation of major projects, PVC-TH is building and applying a quality management system in line with ISO 9001:2008 and OHSAS 18001:2007 standard, along with the technology to manage projects for high efficiency. The British Standards Institution (BSI) has granted PVC-TH with ISO 9001:2008 certificate on quality management system and OHSAS 18001:2007 certificate on occupational health and safety management system. PVC-TH also is involved in social security activities for the public benefit. In the first nine months of this year, it poured VND6 billion into these activities.
This year, PVC-TH has been recognized as a holding company by the State Securities Commission of Vietnam. The firm plans to list on the Hanoi Stock Exchange by the end of the year.
Hoang Giang
Vietnamese
