HBIC was established to implement the Hoa Binh Innovation Center (HBIC) project at the land lot No. E2a-9, E2a-11, Hi-Tech Park, Long Thanh My Ward, District 9, Ho Chi Minh City. The HBIC project focuses on research and development in 6 areas including: new material technology, information technology, biotechnology - medicine, technical development of construction technology and automatic industry on the ground The built area is about 2.5ha in the Scientific Space Zone of SHTP.
HBC also increased the total investment capital for the HBIC project from 750 to 900 billion VND, equivalent to an increase of 20% to ensure adequate resources for successful project implementation. This can be seen as a project in HBC's expansion strategy. In 2021, in addition to the civil construction segment, HBC intends to continue promoting the industrial segment, while strengthening renewable energy and infrastructure projects.
At the same time, HBC's management said that it will expand its operations to potential areas where the Company has not yet implemented projects such as Nghe An, Bac Ninh, Nam Dinh, Hai Phong Thai Nguyen...
In the message at the 2020 Annual Report, Mr. Hai said that 2020 is the most difficult year in the company's 33-year history of establishment and development. In the period of 2018 - 2020, the construction market is full of difficulties because there are not many real estate investment projects licensed to build, plus the heavy effects of the Covid-19 epidemic, making tourism project investors , resorts have suffered heavy damage.
This seriously affects the construction industry, especially companies specializing in the construction of hotels, condotels, beach villas, resorts, entertainment centers... including HBC. With a fast growth rate, in 2018, HBC achieved a revenue of VND 18,300 billion, equivalent to more than USD 800 million, together with other domestic private construction enterprises accounting for most of the market share of foreign construction companies in the country. civil sector. However, it will be difficult for the head of the explanation to keep the 5-year fast growth momentum, increasing 5 times like 30 years ago since its establishment. Accordingly, going to foreign markets is the inevitable path of the Group.
"In this way, HBC will get rid of the narrow limit of the domestic market, and at the same time bring many construction enterprises, construction materials and related product and service supply chains to export to the global market, bringing the industry to the world The construction industry has become a key economic sector of the country.Due to the lack of timely development abroad, the private construction sector has faced a crisis of overcapacity in the past 3 years, when the growth rate was high. domestic investment did not increase accordingly," said Mr. Hai.
References as Cafef.vn