FECON’s Chairman: To pass through xem tỷ lệ cá cược bóng đá crisis, “Luck” is xem tỷ lệ cá cược bóng đá most important factor

Success = Luck + Right Business Choice Helping xem tỷ lệ cá cược bóng đá company overcome xem tỷ lệ cá cược bóng đá storm of economic crisis during 2008-2010 with xem tỷ lệ cá cược bóng đá steady revenue growth rate over 35%, xem tỷ lệ cá cược bóng đá Board Chairman of FECON – Pham Viet Khoa supposed that : xem tỷ lệ cá cược bóng đá main factors to pass all xem tỷ lệ cá cược bóng đá difficulties are luck and right business choice. “Our business is quite advanced technique and necessary for all types of projects such as civil construction, industrial construction, infrastructure construction and irrigation works. For that reason, we know that there are a lot of works for us to do if we do them well.” Foundation engineering & underground construction, “xem tỷ lệ cá cược bóng đá interference between Buildings & xem tỷ lệ cá cược bóng đá Earth” as Mr.Khoa said, are xem tỷ lệ cá cược bóng đá particular fields of  xem tỷ lệ cá cược bóng đá construction industry that requires all xem tỷ lệ cá cược bóng đá engineers a deep understanding of both building structure and soil mechanics. * In xem tỷ lệ cá cược bóng đá construction industry, Turnover rate is quite high.  A recent survey showed that 73% respondents considered that a good company is a high salary paying one. With its distinct business field, does FECON pay high salary to retain xem tỷ lệ cá cược bóng đá talents? Salary is xem tỷ lệ cá cược bóng đá necessary factor while company culture is xem tỷ lệ cá cược bóng đá sufficient factor. Vietnamese companies cannot compare with foreign ones about xem tỷ lệ cá cược bóng đá salary. Whereas, all xem tỷ lệ cá cược bóng đá engineers from FECON are good at English, have both technique standard and competences to work in xem tỷ lệ cá cược bóng đá international working environment. Thus, it is very hard for FECON to keep xem tỷ lệ cá cược bóng đá talents if xem tỷ lệ cá cược bóng đá engineers only care about xem tỷ lệ cá cược bóng đá salary but not see in xem tỷ lệ cá cược bóng đá long future. In terms of income, although FECON’s salary is lower than that of foreign companies in xem tỷ lệ cá cược bóng đá same field, we believe that xem tỷ lệ cá cược bóng đá income of all xem tỷ lệ cá cược bóng đá employees will increase and ensure their long-term career development together with xem tỷ lệ cá cược bóng đá growth of our company. Beside xem tỷ lệ cá cược bóng đá production activities and R&D, building corporate culture has become one of xem tỷ lệ cá cược bóng đá most important missions of FECON. In such a construction company, especially in foundation engineering & underground construction field where xem tỷ lệ cá cược bóng đá works are extremely hard, in order to keep xem tỷ lệ cá cược bóng đá talented people, we need to have spiritual engagement to create an environment for xem tỷ lệ cá cược bóng đá employees to chase their passion, express themselves & contribute to xem tỷ lệ cá cược bóng đá society. * More than 10 years as xem tỷ lệ cá cược bóng đá Chairman of FECON, which stage have you seen as xem tỷ lệ cá cược bóng đá most difficult one? xem tỷ lệ cá cược bóng đá most difficult stage to businessman, I think, is xem tỷ lệ cá cược bóng đá world & Vietnamese economic crisis one, from 2008 to 2011, when a series of real estate projects, industrial zones, factories…were postponed or even cancelled. In that stage, FECON experienced such a very hard time to do business. Luckily, FECON had some intimate partners, large bidders from Japan, who helped us to participate in many Japanese FDI projects in Vietnam, so we could maintain xem tỷ lệ cá cược bóng đá cash flow, business…. * Looking back to that period, what are xem tỷ lệ cá cược bóng đá main factors to help FECON overcome xem tỷ lệ cá cược bóng đá difficulties in your opinion? I think xem tỷ lệ cá cược bóng đá most important factor is Luck. One more thing is our business choice, FECON has been consistent to specialize in our main field, neither expanding nor spreading. * In 2014, although xem tỷ lệ cá cược bóng đá revenue & net profit was seen to increase, xem tỷ lệ cá cược bóng đá numbers only reached 90, 3% respectively & 91% planned. There were some fears that FECON will get xem tỷ lệ cá cược bóng đá difficulties in achieving xem tỷ lệ cá cược bóng đá revenue target of VNĐ 1, 800 billion in 2015… FECON is confident to achieve xem tỷ lệ cá cược bóng đá set target. Not 100% sure at this time but with all xem tỷ lệ cá cược bóng đá awarded projects as well as approaching ones, we believe that we can reach our 2015 business goal. Up to now, xem tỷ lệ cá cược bóng đá total value of signed contracts has been 2,040 billion VNĐ with a series of projects to be completed such as Thai Binh 1 Thermal Power Plant (over 200 billion VNĐ), Samsung Bac Ninh (over 80 billion VNĐ), Long Phu 1 Thermal Power Plant – piling works (over 70 billion VNĐ) & Dai Quang Minh Soil improvement project (over 180 billion VNĐ). Moreover, we are also approaching some projects in HCMC with hopes of good results. * FECON has set xem tỷ lệ cá cược bóng đá goal to become xem tỷ lệ cá cược bóng đá leading corporate group in infrastructure in 2020. Is it out of reach when only 5 years left? Targets are always set more highly than reality to be reached. It must be located at xem tỷ lệ cá cược bóng đá boundary between xem tỷ lệ cá cược bóng đá impossible and possible things to motivate ourselves. In order to achieve our goal, FECON has been implementing a number of strategic actions as follows: xem tỷ lệ cá cược bóng đá first is sales growth: To increase sales, FECON has invested heavily in machinery, equipment for xem tỷ lệ cá cược bóng đá core service and carried out some M&A at xem tỷ lệ cá cược bóng đá same time to enrich sources for xem tỷ lệ cá cược bóng đá system, ready for great opportunities. xem tỷ lệ cá cược bóng đá second is restructuring financial foundation: In order to participate in xem tỷ lệ cá cược bóng đá bidding and implement some major projects, xem tỷ lệ cá cược bóng đá capital from xem tỷ lệ cá cược bóng đá issue of convertible bonds will be used for xem tỷ lệ cá cược bóng đá investment, asset growth as well as cash flow to strengthen financial capacity. Besides, FECON has strongly urged foreign partners to invest in projects in Vietnam and then become xem tỷ lệ cá cược bóng đá main investor and local bidder to have xem tỷ lệ cá cược bóng đá abundant financial resources. xem tỷ lệ cá cược bóng đá third is constantly improving management capacity In xem tỷ lệ cá cược bóng đá period of 2014-2015, FECON has had several actions to consolidate xem tỷ lệ cá cược bóng đá system and enhance xem tỷ lệ cá cược bóng đá management capacity. We will have been continuing to carry out for xem tỷ lệ cá cược bóng đá next few years. * In xem tỷ lệ cá cược bóng đá infrastructure field, there are a number of big companies like Cienco, Tasco, CII…So, what are xem tỷ lệ cá cược bóng đá advantages of FECON while doing xem tỷ lệ cá cược bóng đá same business? Our prominent advantage is able to supply optimized & overall solutions for xem tỷ lệ cá cược bóng đá projects, especially for ground & foundation engineering ones, which help xem tỷ lệ cá cược bóng đá project to save money, ensure xem tỷ lệ cá cược bóng đá quality and shorten xem tỷ lệ cá cược bóng đá progress, thereby increasing its efficiency. Each project will need its own specific alternative solutions especially ground & foundation engineering projects that have high safety factor (FS) in design, but FECON can help our customers to save money up to 30% thanks to our understanding of soil mechanics, ground & foundation engineering. With transport infrastructure projects, whose cost of ground & foundation engineering often accounts for 40-60% construction value, saving money up to 30% is equivalent to 15-20% savings for xem tỷ lệ cá cược bóng đá total cost of xem tỷ lệ cá cược bóng đá project.  * FECON has justsigned with Vault Investment Fund (UAE) onstrategic co-operation about investment of an entertainment sports park complex spanning 175ha at Phu Quoc Island (Kien Giang province). Does this project contribute to xem tỷ lệ cá cược bóng đá 2020 roadmap goal? This project has been in research stage, not investment. If xem tỷ lệ cá cược bóng đá authorities & investors approve, FECON will invest in. It only plays a part for xem tỷ lệ cá cược bóng đá roadmap to xem tỷ lệ cá cược bóng đá goal 2020. We have planned to be a local investor for foreign ones with some projects relating to real estate as well as transport infrastructure. Up to now, we have achieved some remarkable success in a number of projects.