Minh Duc General Construction Co., Ltd: Dynamic, Innovative for Sustainable Development

1:39:28 PM | 10/10/2019

Founded in 1993 with lots of hardships due to small scale and modest competence, Minh Duc General Construction Co., Ltd has overcome a mountain of difficulties and challenges to reach its current success. With the determination and effort of all employees, particularly the leadership of Director Nguyen Thi Minh Duc, who has always worked devotedly on building corporate culture, reputation and brand of the business, the company has become a leading construction brand in Lao Cai province.

Change for development

Leading the company since its inception, Ms. Duc has always been active, creative and bold in running the business, flexible and responsive to policies and market developments. This is clearly evidenced in each stage of company development. In the first period (1993-1999), Lao Cai province was quite poor, with old administrative buildings and bad traffic routes. From this fact, Minh Duc General Construction Co., Ltd decided to produce and supply construction materials for infrastructure projects. In 1996, the company started to use new machinery and equipment in business operations. Since then, its business market has been constantly expanded and developed, and its products are highly appreciated for quality. The company has won the trust and confidence of customers and partners.

In the second phase (1999-2005), the company began to operate on a larger scale, in more fields. Active in a market economy, the company always seized the chance and worked out appropriate, dynamic and creative direction for business operations to catch up with the development of the province and the country. In this period, the company shifted to the field of construction of transport works. It participated in many key transport projects of Lao Cai province. Its projects are highly appreciated investors for quality and progress. Also during this period, the company entered the hospitality business.

The third phase (from 2006 to present) is the most brilliant development period of the company. With extensive experience in construction and its prestige and powerful financial capacity, Minh Duc General Construction Co., Ltd has taken over many construction projects in Lao Cai province and other provinces, such as Muong Khuong - Ha Giang Road, Provincial Road 156, Provincial Road 151, Provincial Road 158, Ban Vuoc - Ban Xeo Road (Bat Xat), Red River embankment, National Road 70, Provincial Road 152 in Sa Pa district, a road to Quy Xa ore mine, Hanoi - Lao Cai Highway (maintaining Lao Cai section). Dozens of projects and hundreds of construction items from city roads to rural roads, working offices of administrative agencies, and urban development projects have been built by the company, giving the locality a facelift. The company’s annual revenue steadily grows 5%-10% or more. The average monthly income of employees has risen from VND6.8 million in 2016 to VND8.2 million in 2019.

As the Vice Chair of the Lao Cai Business Association, the adviser to the Executive Board of the Lao Cai Young Entrepreneurs Association, the member of the Vietnam Women Entrepreneurs Council, and the Member of the VCCI Executive Committee, Ms. Nguyen Thi Minh Duc is always willing to help and support young entrepreneurs to successfully fulfill their business tasks, contribute to socioeconomic growth and play a greater part in growing Vietnamese business community and advancing national development.

Not only strongly boosting construction business, Minh Duc General Construction Co., Ltd has also expanded its investment into mining and mineral processing. Especially, the firm has invested in an iron ore processing plant in Yen Bai province with a yearly capacity of 250,000 tons to supply iron ores to big corporations such as Hoa Phat Group. By the end of 2019, the company will install one more ore line to meet rising demand from domestic and foreign customers. The firm produces and processes stone for civil engineering, transportation and irrigation construction. It has expanded the business market to other provinces such as Yen Bai, Lai Chau, Bac Ninh and Hai Phong.

One important business milestone is its step into high-tech agriculture. In 2016, the company asked the Lao Cai Provincial People’s Committee for permit to invest over VND1 trillion in a high-tech agricultural production project in Bao Yen district, Lao Cai province. Currently, infrastructure construction has been completed. Its organic agricultural production projects have generated employment for local people. In the near term, the firm focuses on cattle raising and hi-tech sustainable crop production, helping restructure local crop and livestock structure and carry out the National Target Program on new countryside construction and sustainable poverty reduction.

Success and sharing

With the principle “Business aligned with social responsibility”, the company always pays attention to community development programs and shares hardships with disadvantaged people. The company actively responds to charitable campaigns in Lao Cai province. Every year, it gives more than 400 gifts to poor local people in remote areas during the Lunar New Year holiday. Since 2012, Minh Duc General Construction Co., Ltd has donated over VND1 billion to the Vietnam Children Protection Fund. It has also invited doctors from Viet Duc Hospital and Bach Mai Hospital to provide free medical checks for people in Ta Phoi commune (Lao Cai City) and Quan Than San commune (Si Ma Cai district); granted scholarships to poor children with outstanding study records in six Northwest provinces, and funded congenital heart surgeries for dozens of poor children and patients. It has also financed many other social security programs.

Minh Duc General Construction Co., Ltd has been honored with many noble awards from the Party and the State in recognition of its achievements like Second-grade Labor Order from the President of Vietnam, Emulation Flag from the Government, and the Certificate of Commendation from the Lao Cai Provincial People’s Committee. Director Nguyen Thi Minh Duc has been repeatedly been honored with the title “Exemplary Entrepreneur of Vietnam - the Thanh Giong Cup” and “Outstanding Businesswoman of Vietnam - Golden Rose Cup”. With solidarity, dynamism, creativity and resolution to deal with all difficulties and challenges, Minh Duc General Construction Co., Ltd will certainly achieve more impressive business results and contribute more to the community and to society.

The most decisive factor to the success of a company is product quality. Understanding this, the company always upholds and puts a premium on product quality to win the trust of customers. This is the premise for the company to work out development plans in the coming years, said
Ms. Nguyen Thi Minh Duc.

Nguyet Tham