Illustrative image (Source: reuters.com) Hanoi (VNA) -Vietnam’s construction contractors require the execution of suitable strategiesto attain success in foreign markets, experts have said.
In recent years, the domestic construction industry has made significantstrides in management skills and construction techniques, and therefore havebeen successful in replacing foreign contractors on large projects with hightechnical requirements in the domestic market, ufabetindo777.site reported.
Le Viet Hai, deputy chairman of the Vietnam Association of ConstructionContractors and Chairman of Hoa Binh Construction and Real Estate TradingCompany, said local construction contractors have been able to providehigh-quality construction services at cheap cost, only behind India.
Vietnam’s construction contractors have shown competitive ability in terms ofworkers, building material, design consultancy services and constructionsupervision, as well as project management and other services.
In addition, the country has three times more construction engineers andexperts than the global average – a significant advantage -- Hai said.
Vietnam has an average 9,000 construction engineers and experts per one millionpeople against a world average of 3,000 construction engineers and experts perone million people.
More over, many countries were witnessing development in the constructionmarket and there was high demand for construction contractors.
Hai said that the state should implement suitable strategies for localconstruction contractors to do business abroad and associations of theconstruction industry should share tasks of construction management with stateoffices, including ability assessment, ranking of contractors, granting ofcertificate and organisation of awards, to gain efficiency in doing business inthe global construction market.
Notably, the connection between state agencies at home and Vietnam’s representativeoffices abroad was important for accurate and timely information about foreignconstruction markets. Based on this information, local construction contractorswould have opportunities to seek investment and cooperation abroad. So far,local construction contractors had not received much support on information todo business abroad.
Le Van Tuan, General Director of Vietnam Machinery Installation Corporation(Lilama), said there were many enterprise delegations from foreign countriesvisiting Vietnam and ambassadors of those countries had directly connectedtheir enterprises to some Vietnamese partners to enable cooperation.
This was a particularly important factor because it would help localenterprises follow the correct route and find appropriate partners, besidesensuring time was not wasted and efficiency was high, he said.
At present, Vietnam’s representative offices in foreign countries have certainconditions to research foreign markets to determine the potential of thesemarkets, and then provide information and support to local constructioncontractors.
Therefore, Vietnamese construction contractors expected to have the support ofthese offices when entering foreign markets and to promote internationalintegration programmes efficiently.
Hai said during negotiations of international agreements in the future, thestate should pay attention to the negotiations to ensure equality in doingbusiness between local and Vietnamese construction contractors in foreignmarkets.
Additionally, the local construction contractors will enjoy exemption orreduction of import tax for labour, material and construction vehicles to theforeign countries.
When doing business in foreign countries, Vietnam’s construction enterprisesneed support in administrative procedures, guarantee, exit and money transferprocedures. In particular, they need to ensure double taxation avoidanceagreements are applied if Vietnam and the foreign country have that agreement.
Meanwhile, local construction enterprises must actively promoteinternationally-qualified vocational training and certification programmes forconstruction labour that want to work overseas, including workers, engineersand experts, according to the association.
Further, the state should have suitable policies in place to encourage Vietnam’sconstruction enterprises specialising in one kind of construction product,including specialisation in housing, hospitals, schools, industrial andinfrastructure construction.
This would enable them to focus all their resources in the right place andensure specialisation to improve competitive ability in the global constructionmarket.-VNA
In recent years, the domestic construction industry has made significantstrides in management skills and construction techniques, and therefore havebeen successful in replacing foreign contractors on large projects with hightechnical requirements in the domestic market, ufabetindo777.site reported.
Le Viet Hai, deputy chairman of the Vietnam Association of ConstructionContractors and Chairman of Hoa Binh Construction and Real Estate TradingCompany, said local construction contractors have been able to providehigh-quality construction services at cheap cost, only behind India.
Vietnam’s construction contractors have shown competitive ability in terms ofworkers, building material, design consultancy services and constructionsupervision, as well as project management and other services.
In addition, the country has three times more construction engineers andexperts than the global average – a significant advantage -- Hai said.
Vietnam has an average 9,000 construction engineers and experts per one millionpeople against a world average of 3,000 construction engineers and experts perone million people.
More over, many countries were witnessing development in the constructionmarket and there was high demand for construction contractors.
Hai said that the state should implement suitable strategies for localconstruction contractors to do business abroad and associations of theconstruction industry should share tasks of construction management with stateoffices, including ability assessment, ranking of contractors, granting ofcertificate and organisation of awards, to gain efficiency in doing business inthe global construction market.
Notably, the connection between state agencies at home and Vietnam’s representativeoffices abroad was important for accurate and timely information about foreignconstruction markets. Based on this information, local construction contractorswould have opportunities to seek investment and cooperation abroad. So far,local construction contractors had not received much support on information todo business abroad.
Le Van Tuan, General Director of Vietnam Machinery Installation Corporation(Lilama), said there were many enterprise delegations from foreign countriesvisiting Vietnam and ambassadors of those countries had directly connectedtheir enterprises to some Vietnamese partners to enable cooperation.
This was a particularly important factor because it would help localenterprises follow the correct route and find appropriate partners, besidesensuring time was not wasted and efficiency was high, he said.
At present, Vietnam’s representative offices in foreign countries have certainconditions to research foreign markets to determine the potential of thesemarkets, and then provide information and support to local constructioncontractors.
Therefore, Vietnamese construction contractors expected to have the support ofthese offices when entering foreign markets and to promote internationalintegration programmes efficiently.
Hai said during negotiations of international agreements in the future, thestate should pay attention to the negotiations to ensure equality in doingbusiness between local and Vietnamese construction contractors in foreignmarkets.
Additionally, the local construction contractors will enjoy exemption orreduction of import tax for labour, material and construction vehicles to theforeign countries.
When doing business in foreign countries, Vietnam’s construction enterprisesneed support in administrative procedures, guarantee, exit and money transferprocedures. In particular, they need to ensure double taxation avoidanceagreements are applied if Vietnam and the foreign country have that agreement.
Meanwhile, local construction enterprises must actively promoteinternationally-qualified vocational training and certification programmes forconstruction labour that want to work overseas, including workers, engineersand experts, according to the association.
Further, the state should have suitable policies in place to encourage Vietnam’sconstruction enterprises specialising in one kind of construction product,including specialisation in housing, hospitals, schools, industrial andinfrastructure construction.
This would enable them to focus all their resources in the right place andensure specialisation to improve competitive ability in the global constructionmarket.-VNA
