Breakthrough Developments in PVC Thai Binh

5:33:16 PM | 23/11/2011

Utilising its existing resources, Thai Binh Petroleum Trading and Investment Joint Stock Company (PVC Thai Binh) has seized opportunities to attain impressive achievements in production and business and asserted its competency in industrial and civil projects of top scale and quality in the province.
Capitalising available resources
As a member of the PetroVietnam Construction Joint Stock Corporation (PVC), PVC Thai Binh with a chartered capital of VND500 billion is organised on the existing foundation of founding shareholders which are leading companies in their industries like PVC, City and Petro IMICO Construction Investment Joint Stock Company (PVC - IMICO), Petroleum Dong Do Joint Stock Company, and Pacific Petro Construction and Installation Corporation (PVC - TBD).
Currently, PVC Thai Binh is building Thai Binh Petroleum Hotel at a cost of over VND600 billion (US$30 million). The complex consists of two main blocks: 15-storey 200-room 4-star hotel block and a 17-storey apartment and office block (47 high-end apartments and 5,000 squ. metres of office and commercial floors.
The company plans to inaugurate Thai Binh Petroleum Hotel in the second quarter of 2012, and start new projects, including the 40-ha Thai Binh University Complex, Tien Hai Industrial Park, 6-ha Petroleum Residential Zone, Worker Residential Zone for Thai Binh 2 Thermal Power Plant.
Effective operation and sustainable development
Remarking on development orientation in the 2011 - 2015 period, Mr Le Hong Thai, President of PVC Thai Binh, said PVC Thai Binh is striving to be a company of effective performance and sustainable development. The development of PVC Thai Binh is based on strengths of PetroVietnam Construction Joint Stock Corporation’s member companies. The firm has exploited available resources and worked closely with local governments, domestic and foreign partners to create development breakthroughs and create a competitive advantage on domestic and international markets.
The company has also built up real estate development strategy where its major focuses are residential, urban, ecological tourism and industrial zones in Thai Binh and surrounding provinces. Besides, PVC Thai Binh is also oriented to become a leading construction and installation unit in PVC Corporation, to expand production and business of building materials to cater for projects it gets involved or carries out.
Mr Ngo Thanh Dung, Director of PVC Thai Binh, said “PVC Thai Binh aims to become a leading unit in PVC Corporation by 2015 in fields of real estate investment, hotel service, civil construction, building material production and trading. The company will be able to take on large-sale, high-demanding industrial and civil construction projects in Thai Binh province.
Not only strong on its business front, PVC Thai Binh is also active in artistic and cultural activities and social welfare programmes. It has funded VND3 billion for Dong Son Primary School (Dong Hung district, Thai Binh province), granted VND1 billion to Tien Hai Primary School and joined other meaningful activities launched by the Vietnam National Oil and Gas Group (PetroVietnam) and PetroVietnam Construction Joint Stock Corporation (PVC).