2:00:48 PM | 5/6/2020
After 15 years of development, Hacom Holdings has been increasingly affirming its prestige and brand name in real estate investment, renewable energy, infrastructure construction, civil construction, and travel services. Mr. Tran Phu Chien, Chairman of the Board of Directors of Hacom Holdings, gives an exclusive interview to Vietnam Business Forum on the company’s development, especially its activity in Quang Tri province. Song Uyen reports.
Could you briefly introduce the development journey as well as orientations for the upcoming time?
The past 15 years have been an emotional journey full of experiences for me and other employees at Hacom Holdings. We started business when the country was opening up. We had many opportunities but also faced a lot of challenges. With determination and enthusiasm, Hacom Holdings obtained some significant achievements. We are engaged in many areas like real estate investment (commercial, social and hospitality property), renewable energy (solar power and wind power), tourism services, infrastructure construction, and civil engineering.
Specifically, Hacom Holdings is carrying out many large-scale renewable energy projects, including VND1,200 billion Hacom Solar Power Plant (50 MW installed in the first phase, 50 MW added in the second phase), VND4,800 billion Hacom Bac Lieu Wind Power Plant (120 MW), VND2,500 billion Hacom Dak Nong Solar Power Plant (110 MW), and VND1,200 billion Hacom Quang Tri Solar Power Plant (50 MW).
In real estate business, Hacom Holdings has developed a lot of projects like 60-ha Dong Bac Urban Area in Phan Rang - Thap Cham City with VND1,200 billion of investment capital for infrastructure construction and VND1,500 billion for above-ground facilities (Hacom Mall, social houses); 52-ha Binh Son Ocean Park Urban Area (costing VND5,000 billion) in Ninh Thuan province; and 24.6-ha Binh Son Marine Park (VND400 billion), Nguyen Thien Thuat Road in Nha Trang City, Khanh Hoa province (VND200 billion).
In addition, Hacom Holdings and its member companies are investing and researching many projects involved in property, renewable energy, economic zone, industrial zone and hotel projects in many provinces and cities like Hanoi, Nam Dinh, Lam Dong, Ba Ria-Vung Tau, Ha Tinh, Quang Tri and Bac Lieu.
In the coming time, Hacom Holdings will promote the spirit of “innovation - prestige”, become an innovative and prestigious investor in every locality where its investment is located. The firm will contribute to the society, build and renovate the urban face, increase incomes and livelihood quality of local people. It will side with local authorities to build infrastructure and help localities develop inclusively in all fields.
In Quang Tri province, Hacom Holdings plans to invest in many projects. Would you tell us about these projects as well as the efforts of Hacom Holdings in completing them?
Right after we started investment exploration in Quang Tri province, Hacom Holdings asked the province for support to make the overall planning of Dong Ha City and key economic zones for effective and sustainable development of Quang Tri province. We worked with the leading U.S. planning consultant, Belt Collins, to do this task. Currently, the parties are discussing the next working steps.
In the planned areas, Hacom Holdings asked the province to assign the company to research and implement some renewable energy, economic zone and real estate projects, which will give a new facelift to the city, spur economic growth and improve people’s livelihoods. Hacom Holdings also proposed carrying out 50-MW Hacom Quang Tri Solar Power Plant (which was submitted to the Ministry of Industry and Trade for appraisal and approval), and 70-MW Cam Nghia Wind Power Plant (approved by Provincial People's Committee for additional study, expected to be submitted to Ministry of Industry and Trade for approval soon).
We have arranged the resources and finance and set schedules on progress pace and completion. We will use advanced construction methods to complete and operate them as soon as possible. We will create more jobs and higher incomes for local people and create resources for later stages.
What made Hacom Holdings decide to invest in Quang Tri province?
Not only serving as a bridge that connects the north and the south of Vietnam, lying on national arterial roads, railways and waterways, the beginning point of the shortest trans-Asia route linking Myanmar, Thailand and Laos to the East Sea, Quang Tri has a lot of potential: A 75-km coastline with many beautiful and pristine landscapes and deep-water seaports, a 200-km borderline with Laos, a long sunshine time in a year, high wind speed, and specially the motivational Dong Nam Economic Zone established in 2015 by the province. These are favorable conditions for development. Quang Tri has a lot of revolutionary historical sites. We are the next after the generation that fought and died for this land. We are inspired and realize that we must have the responsibility to make Quang Tri grow strongly to match with the great victory built on the sacrifice of our ancestors.
What are your difficulties and obstacles when investing in Quang Tri province? What are your recommendations?
Insufficient transport infrastructure systems, seaports and border gates plus low population density and low income of local people are clear challenges for any investor coming to the province. But, these challenges motivated Hacom Holdings to come to this land with money and wisdom to unlock development resources for businesses and for the province.
When we came here and met with the provincial government, we received positive support and valuable investment promotion information from relevant agencies. We clearly felt local leaders' determination to change and develop. That made us confident and look forward to carrying out our investment projects in Quang Tri province.
We expect to receive stronger support from authorities at all levels in quickly solving procedures relating to investment licensing, land allocation and site clearance. So, we can soon start contributing our efforts to make Quang Tri province stronger and stronger.
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In 2012, Hacom Holdings decided to expand investment in real estate. The firm did not choose provinces and cities with favorable locations and developed economies but Ninh Thuan - a poor province - for its investment projects. From the first project, the 24.6-ha Binh Son Marine Park, and then a series of later projects, Hacom Holdings invested trillions of Vietnamese dong and spent five years to get the outcome. However, these efforts have produced great achievements. To date, the firm’s projects are operating very well and producing revenue and profit for the company while adding new vitality to the real estate market, creating a driving force for economic development and radically changing the urban appearance of Ninh Thuan province. The values made by Hacom Holdings have been multiplied as they are achieved in a poor province like Ninh Thuan. This proves the foresight of the Board of Directors and well-prepared investment of Hacom Holdings in its business approach “Investing in harder places to spread greater values”. Until the early days of 2020, from Ninh Thuan - a poor province in the southern tip of the South Central Coast, Hacom Holdings continues another hard journey to Quang Tri - another poor land in the North Central Coast. Many new ideas and projects are, and will be, implemented by Hacom Holdings in Quang Tri with this spreading aspiration and value chain. |
Thank you very much!
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