On the afternoon of October 3, 2024, at the Government Office, Coteccons had the honor of attending the Prime Minister’s working session with contractors, construction associations, and unions. The session provided Coteccons the opportunity to contribute ideas on addressing difficulties and obstacles in the construction of national key projects.
Prime Minister Pham Minh Chinh presided over the meeting, with the participation of Politburo member and First Deputy Prime Minister Nguyen Hoa Binh; Central Committee members: Deputy Prime Ministers Tran Hong Ha and Ho Duc Phoc; Minister and Chairman of the Government Office Tran Van Son; Minister of Construction Nguyen Thanh Nghi; Minister of Natural Resources and Environment Do Duc Duy; leaders of ministries, central agencies; and representatives of nearly 30 enterprises and contractors involved in the construction of key national projects, as well as construction associations.
The meeting highlighted numerous current challenges in the implementation of national key projects. Coteccons is well aware of these difficulties but remains optimistic about the market’s future and continues to pursue sustainable development. We strongly believe in the Government’s leadership and the upcoming development directions. Additionally, Coteccons is grateful for this opportunity to contribute our voice alongside the Government and construction enterprises in developing the nation’s infrastructure.
At the conference, Mr. Pham Quan Luc, Deputy General Director of Coteccons, presented five strategic proposals to help resolve obstacles and create favorable conditions for major contractors wishing to contribute to national key projects, including:
First, relaxing criteria related to similar experience: Evaluating contractor capacity based on their ability to mobilize financial and human resources, and referencing other types of projects of a similar scale in the construction industry.
Second, utilizing contract performance guarantees: Instead of requiring experience on similar projects, using contract performance guarantees to ensure that contractors complete projects to the required quality and schedule, without being constrained by limitations in equipment, personnel, and experience.
Third, promoting joint ventures: Facilitating partnerships between large domestic contractors and international contractors to leverage global expertise.
Fourth, flexible package division and contractor designation: Dividing project packages appropriately, based on the capabilities of domestic contractors and specific project features, while using a contractor designation mechanism to “select the right partners for the job.” This requires having an organized system and team capable of accurately estimating volumes, prices, and methods.
Fifth, creating opportunities to implement PPP (Public-Private Partnership) projects to utilize both domestic and international corporate resources while saving on direct state management of these projects.
These proposals stem from Coteccons’ determination not only to elevate the construction industry but also from a strong desire to contribute to the modernization and development of the nation’s infrastructure and the overall progress of the country.
