Named one of the largest infrastructure contractors in Vietnam, Cienco4 Group has also been a trustworthy partner to Japanese firms.
Established on December 27, 1962 and undergoing 55 years of development, Cienco4 has grown into one of the transport sector's leading contractors with twice received the noble Labour Hero title.
In June, 2014, under the guidance of the Ministry of Transport, the company engaged in equitisation, shifting its model into a joint stock company, a move that created a turning point in the company's development. Operating under the new model has paved the way for the company to approach capital-intensive infrastructure projects funded by international organisations such as the World Bank, Asian Development Bank (ADB), or Japan International Cooperation Agency (JICA).
A flexible management regime has helped the company sharpen its competitiveness in the market, simultaneously taking the initiative in its production and business activities and maximising both labourers and shareholders' benefits.
In early 2015, less than one year after being equitised, Cienco4 raised its chartered capital from VND600 billion ($27.2 million) to VND720 billion ($32.7 million). On June 15, 2016, the company again scaled up its chartered capital to reach VND1 trillion ($45.4 million) by selling 28 million shares at a value of VND10,000 (45 US cents) apiece to existing shareholders. This move allowed the firm to grow into one of the largest contractors in terms of capital value.
In November 2016, Cienco4 was awarded the 2016 Asia Pacific Global Performance Excellence Award (GPEA) in the category "large service organisation". The GPEA are only given to organisations and enterprises that stand at the top of their industry in the Asia-Pacific region. Previously, in October 2016, Mr. Nguyen Tuan Huynh - the Chairman cum General Director was named one of Vietnam's best entrepreneurs in 2016.
Cienco4's total asset value saw a stable year-on-year growth as well. From a mere VND1.363 trillion ($62 million) in 2010, its total asset value hit VND7.271 trillion ($330 million) by the end of last year, a near seven-fold increase.
Today, Cienco4 possesses and applies advanced construction technologies to ensure the realisation of large-scale projects with complex technical specifications such as movable scaffolding system (MSS), balancing cantilever method, steel pipe sheet pile (SPSP), soft-soil treatment method, freeways, airports, ports, building cable-stayed bridges, tunnels that penetrate mountains underneath large urban centres and ect.
A trustworthy partner to Japanese firms
Cienco4 Group is currently the contractor taking part in the largest number of infrastructure projects funded by Japan's official development assistance (ODA) in Vietnam. The company has left its mark on major infrastructure projects which use this capital across the country and plays a crucial role in the country's development.
Projects include Thanh Tri Bridge, Hanoi's Ring Road 3, Noi Bai International Airport's Terminal T2, Nhat Tan Bridge, bridges along National Highway No.1 and the north-south railway network, Lach Huyen Gateway Port in Haiphong, and Tan Son Nhat International Airport's terminal, to name but a few.
Cienco4 has worked with the world's most prestigious contractors, including companies from Japan, to learn the newest approaches, gain the latest technologies, and acquire the most modern management models. It has also injected capital into procuring cutting-edge machinery and equipment for its construction works.
Cienco4 is currently teaming up with Japan's industrial giant Sumitomo Corporation to work on infrastructure projects such as Tan Vu-Lach Huyen and Ben Luc-Long Thanh highways, Ben Thanh – Suoi Tien underground metro, ect; and is sending its engineers to study in Japan in co-operation with Sumitomo.
To gradually accomplish the goal of turning the company into a multi-sector group, on October 5, 2016 Cienco4 and Thailand's Hemaraj Group signed an investment agreement with the Nghe An People's Committee to carry out a project on industrial zone and urban infrastructure construction and trading at Dong Nam Economic Zone valued at $1 billion. The project, which consists of seven phases, is slated to kick off this year and be completed by 2038.
In April 2016, Cienco4 formed a joint venture with Tecco Corporation for the establishment of a Tecco-Cienco4 real estate firm (now Cienco4 Land) to realise a string of property projects in Ho Chi Minh City, Vinh city, and Hanoi capital.
"Cienco4 Group welcomes Japanese investors looking for a joint implementation of infrastructure develolpment projects under a joint venture or public-private partnership format; particularly those involving the construction of the north-south highway and Long Thanh Airport that the Vietnam Government has prioritised," said Mr. Nguyen Tuan Huynh – the Chairman cum General Director.