Bao Quan Construction Investment JSC Creating Value, Building Great Projects

10:25:39 AM | 19/1/2021

Bao Quan Construction Investment Joint Stock Company is one of a few pioneering construction firms in Vinh Phuc province when the province was in a difficult period. By bolding investing in modern technology and highly skilled human resources, Bao Quan quickly mastered many modern advanced technologies of manufacturing construction materials and became a principal contractor of traffic, irrigation, industrial and civil construction projects, conquering many key projects of the national class.

Manufacturing high-class construction materials

Founded in 2002 to exploit and process minerals from a quarry mine with reserves of 10 million cubic meters in Minh Quang commune, Tam Dao district, the company supplied about 500,000-800,000 cubic meters of stone a year to the market. In November 2007, Bao Quan invested in building a big concrete factory, powered by the most advanced technology of South Korea and the United States in Dong Mo, Quat Luu commune, Binh Xuyen district. In 2009, Bao Quan boldly invested US$1 million in a core pulling production line from the US to make components for many of its major transport projects such as Hop Chau - Dong Tinh Road and Hop Thinh - Dao Tu Road. In 2013, the company invested an additional VND100 billion to buy two European-technology hollow-core beams and floors (an echo floor line from Belgium and a nordimpianti line from Italy) to develop more prestressed floor beams for assemblies, apartments, hotels, supermarkets and factories. Bao Quan's breakthrough prestressed beams and hollow-core floors were the first of their kinds in Vietnam, outstandingly featured better earthquake resistance than on-site fresh concrete floors, shorter construction time, less labor and higher product quality. Right in 2013, Bao Quan shipped post-tensioned beams and floors from Vinh Phuc to Phu Quoc Island for Vinpearl Phu Quoc Project, helping reduce the construction time by many months while still ensuring construction quality.

Mr. Bui Xuan Trung, Chairman of the Board of Directors of Bao Quan Construction Investment Joint Stock Company, said, given rapid development pace of the construction industry and high competition of enterprises in the market economy, Bao Quan set development goals: Continuously investing, researching and developing new high-class building materials, ensuring high technical and environmental requirements and applications even in complex construction environments. Bao Quan successfully researched and produced prestressed concrete piles and bearing cables for drainage projects. These products are being applied at the Nhue river embankment project and Yen Nghia pumping station. The company successfully undertook the technology of making segment tunnels, Super T girders and U beams for bridge and tunnel projects in Hanoi and other provinces. Or at the smallest, the company provides sand for producing building materials at Bao Quan concrete factory.

Professional contractor

On August 18, 2020, Vinh Phuc Gifted High School - one of 15 key gifted high schools in the country and a high-quality school of regional and international class including 45 theory classrooms, 25 subject classrooms, meeting halls, gymnasium, stadium, swimming pool, dormitory and library for 1,500 students to study at the same time was handed over and put into use right ahead of the new 2020-2021 school year. In the joy of teachers and students, it was perhaps little known that Bao Quan Company - the super-speedy construction contractor - needed just 18 months for construction amid social distancing as a result of the Covid-19 epidemic. “During 18 years of business with many construction investment projects, Vinh Phuc Gifted High School left most emotional imprints on me. This is one of key projects to welcome the Vinh Phuc Provincial Party Congress (2020-2025 term). Therefore, despite conducting construction in difficult conditions due to Covid-19 pandemic impacts with Vinh Phuc being the first place to detect new infections, the company made efforts to apply the most modern technology and machinery to construction to ensure the project schedule,” he said.

Vinh Phuc Gifted High School is just one of many projects undertaken by Bao Quan Construction Investment Joint Stock Company. During 18 years of operations, the company carried out many projects such as construction of beams and floors for Vinpearl Phu Quoc Hotel; Vinpearl Vung Me Hotel, Nha Trang; 4-star Phu Quoc Hotel Casino; Vinhomes Thang Long Villas, An Thinh Hanoi Hotel; affordable housing projects for low-income people; Hoa Hong Kindergarten in Khai Quang, Vinh Yen, Vinh Phuc; office buildings of Hai Linh Group, Phu Tho province. In addition to civil engineering projects, Bao Quan has also placed its mark on many traffic and irrigation projects such as Hanoi - Lao Cai Expressway, Hop Chau - Dong Tinh Road, Nhue River embankment and Yen Nghia Pump Station. All projects were recognized and appreciated by their investors.

Sharing about the development strategy in the coming time, Chairman Trung said, Bao Quan will further focus on intensive investment in infrastructure projects; constantly reform business methods; and increase incomes for employees. Specifically, with the strong potential of a professional construction contractor and a building materials producer with many new manufacturing technologies, Bao Quan is expanding its investment into real estate with its first project, 5-star Bao Quan Hotel in Vinh Yen City, Vinh Phuc. With 37,000 square meters of floor, the hotel, designed to have 20 floors and two basements with modern, luxurious and aesthetic architecture, is expected to be the symbol of the smart modern architecture master plan of Vinh Phuc province.

Source: Vietnam Business Forum