Speech by Mr. Le Viet Hai Chairman of the Association of Construction and Building Materials of Ho Chi Minh City and tỷ lệ cá cược bóng đá on the occasion of the Prime Minister's meeting with enterprises at the Government Office

Dear Prime Minister Pham Minh Chinh,

Ladies and Gentlemen,

Looking back on the past 3 decades, Vietnam's construction industry has made great strides with many breakthroughs. Such miraculous development happened cá cược bóng đá m88 a very unique historical situation that we cannot find cá cược bóng đá m88 any other country.

1. The construction industry has matured rapidly and made effective contributions to the country's economy

Vietnam has effectively seized the opportunity of the construction industry flourishing after 50 years of stalling and has mastered the technology by having the advantages of the latecomers. It is a very valuable opportunity that cannot be found cá cược bóng đá m88 other countries. From the role of a subcontractor to a joint venture partner, cá cược bóng đá m88 a short time, Vietnamese construction companies have been very successful cá cược bóng đá m88 the position of general contractors for many large-scale projects with high technical and aesthetic requirements, resulting cá cược bóng đá m88 a huge competitive edge. Many construction enterprises have matured and are capable of being general contractors for major projects of the country such as: Son La Hydropower Plant, Bai Chay cable-stayed bridge, Deo Ca Tunnel, Hoa Phat Steel Factory, Vinfast Automobile Factory, Lego Factory, Landmark 81 Building, Saigon Center, Vietinbank Tower, Empire City, ...

Vietnam's construction industry has not followed the typical development path, but can be said to have made a big leap forward, built on the foundation of the most modern tools and systems stemmed from efforts to learn and integrate the quintessence of science and technology cá cược bóng đá m88 the construction industry from many different sources cá cược bóng đá m88 the world such as Korea, Japan, China, and many countries cá cược bóng đá m88 Europe, America, Australia, etc.

cá cược bóng đá m88 the past 10 years, domestic contractors with a team of highly qualified engineers have replaced foreign contractors cá cược bóng đá m88 large-scale works and projects with high technical requirements. Domestic construction enterprises have almost dominated the domestic market and brought a significant competitive advantage to the economy when reducing investment rates for many projects at much lower prices than foreign general contractors. For example, cá cược bóng đá m88 the 90s, buildings made by foreign contractors cost no less than 2,000 USD/m2, while now the cost of labor and materials has increased, but the construction cost of Grade A buildings are only about 1,000 USD/m2.

cá cược bóng đá m88 addition, we have a very strong civil engineering workforce that is three times the world average: 9,000 civil engineers per 1 million inhabitants while the world average is 3,000. Currently, there are 67 universities with specialized departments related to construction including civil engineering, bridges and roads, irrigation, architects, interior design, project management, construction economics, … This is an advantage for Vietnam's construction industry when around the world young people turn away from the construction industry and many developed countries lack this type of human resource.

2. The construction industry is cá cược bóng đá m88 danger of falling behind

From 2015 to now, the domestic construction market has not had many foreign construction contractors participating, we have mastered the market but lost the opportunity to learn. Meanwhile, the research and development work of Vietnam is still weak. If this situation persists, we will be left behind. Without a suitable strategy, Vietnam will once again lose its domestic market to international contractors.

The negative volatility cá cược bóng đá m88 the world cá cược bóng đá m88 general and cá cược bóng đá m88 Vietnam cá cược bóng đá m88 particular during the past years have put ailing construction enterprises cá cược bóng đá m88 an even direr situation. Since 2017, there have been very few urban housing projects that are granted construction permits, while the labor force cá cược bóng đá m88 the industry has continued to increase, the number of jobs has not, but has even declined sharply. From the situation of underemployment, creating an imbalance of supply and demand has caused great disadvantages for contractors; the construction market becomes fiercely competitive, making construction no longer a profitable business.

cá cược bóng đá m88 recent times, the slow payment of owner has become more and more serious, weakening many contractors because they cannot balance cash flow to maintain production resources, even leading to the danger of bankruptcy.

3. It is necessary to have a national strategy for the construction industry to become a spearhead economic sector of the country

Currently, the world construction market is worth about 13.5 trillion USD and it is forecasted that by 2030 it will reach 19 trillion USD, while cá cược bóng đá m88 Vietnam cá cược bóng đá m88 the last 3 years, the total output of the construction industry is only about approx. 80 billion USD, which is only approximately 0.6% of the world market size, if successful cá cược bóng đá m88 exploiting this market, construction will become a spearhead economic sector of the country with the goal of capturing about 1.8% of this market, which increases construction output 3 times (US$240 billion).

Not only bringing the above economic benefits, developing the construction industry to the global market also helps to solve the problem of serious redundancy of highly qualified human resources cá cược bóng đá m88 the industry.

Developing the construction industry into the global market is also an effective way to improve the competitiveness of Vietnam's construction industry, ensuring that we always have the opportunity to acquire and integrate the best practices and knowledge of the whole world. This is an important strategic factor that helps us stay strong enough to protect the domestic market.

Therefore, we need to have solutions to nurture and continuously improve the construction industry so that the construction industry can conquer foreign markets and thereby become a spearhead economic sector of the country. The solutions given with 7 strategic tasks of the Vietnamese construction industry I presented cá cược bóng đá m88 the book "Golden Decade-New History" just 3 years ago, cá cược bóng đá m88 my opinion still hold the same values.

We should also note that this opportunity only comes once, if we delay, we will not succeed because the golden population period with the advantages of abundant human resources will pass very quickly, predicted to end cá cược bóng đá m88 2034, and as such we cannot overcome the middle income trap.

We are well aware of the roles and responsibilities of construction enterprises cá cược bóng đá m88 implementing this strategy and will make every effort, together with the Government, colleagues, associations and supply chains, to achieve the strategic goals mentioned above.

In addition, as Vice Chairman of Vietnam Business Culture Development Association and with the experience of tỷ lệ cá cược bóng đá, I would also like to note that in order to be able to survive any crisis, to quickly restore production and business, and to realize the aspiration to reach a sustainable international level, the Vietnamese business community in general, and construction enterprises in particular, need to pay great attention to and implement corporate culture with high standards, which our association has painstakingly researched and drafted. It is necessary to define corporate culture, business culture a breakthrough solution as directed by Prime Minister Pham Minh Chinh.

Finally, I wish the Prime Minister and everyone good health, happiness and success.

Thank you!

Hanoi, 17:00, July 6th, 2023

Mr. Le Viet Hai

Chairman of the Association of Construction and Building Materials of Ho Chi Minh City

Vice Chairman of Vietnam Association of Construction Contractors

Honorary Chairman of Vietnamese Society of Civil Engineers

Vice Chairman of Vietnam Business Culture Development Association

Chairman of the Board of Directors of tỷ lệ cá cược bóng đá

Mr. Pham Minh Chinh - Prime Minister of Vietnam and Mr Le Viet Hai

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