Strong investment in M&E field - HVC Group continues to grow impressively

HVC Group (HoSE: HVH) is known as the leading company in Vietnam specializing in construction of high-end amusement parks. However, the growth rate of HVC Group only broke out when it came to M&E.

The turning point for growth in 2018

Before registering on the stock market, HVC Group (HoSE: HVH) is known as a leader in the design, supply and installation of entertainment equipment (water parks, swimming pools, aquarium, ice skating rink). Customers of HVC Group are leading corporations in the field of resort and entertainment real estate such as Vingroup, Sun Group and Muong Thanh. HVC Group is the general contractor of Dai Duong Ha Long water park, Vinpearl Nam Hoi An water park, a figure skating project in Vinhomes Center Park, Vincom Thao Dien, Vincom Da Nang and Vincom Ha Long commercial centers. , Vincom Bien Hoa, Vincom Can Tho, aquariums in Time City, Vinperl Land Phu Quoc aquarium, .... and thousands of large and small swimming pools in resorts, hotels and schools across the country.

In 2018, the Board of Directors decided to invest more strongly in the field of M&E general contractor by operating HVC Hung Yen equipment factory (05/2018), establishing a M&E general contractor company (09/2018). As a result, the growth rate of HVC Group is accelerating. Financial results in 2018, revenue reached more than 590 billion, profit after tax reached 50.9 billion (up 1.02 times and 2.27 times respectively compared to 2017). In which, M&E projects contributed 40% of revenue. Typical M&E packages by HVC Group implemented in 2018 include: Vincom Mong Cai, Vinpearl Nam Hoi An, Vincom Plaza and Shophouse Ca Mau, Vinhomes Imperia Hai Phong, Vinhome The Harmony ...

HVC Group is general contractor of the supermarket of Vinmart and Vinpro in 45-storey hotels and many other electrical and mechanical items in Vinhomes Imperia Hai Phong Project

2019: comprehensive investment - continued breakthrough

In 2019, the leaders of HVC Group decided to invest more strongly and comprehensively in all aspects to leverage the field of electromechanical breakthrough. On the basis of the facilities which have been invested up to 4 million USD in HVC Hung Yen factory, in the middle of 2019, HVC Group strongly invests in modern machinery system with CNC (Computer Numerical Control) technology which is a form of machine Automatic control with computer help. The components and technology of the machine are imported from the leading regions and countries in manufacturing technology such as Japan, EU, America. HVC Group put the advanced machinery system in service of producing cable ladder ladders with the aim of increasing product quality, improving productivity as well as reducing employees.

HVC Group is also not afraid to invest in new technology to increase competitiveness. At Vinhomes Smart City Dai Mo project, investor Vin Group entrusted to HVC Group to deploy intelligent automatic sprinkler system in Japanese garden and Picnic area. New irrigation technology is used by HVC Group with spray nozzles and control devices imported from the US. A special feature of this smart irrigation system is the "knowledgeable" nature of the system with each type of tree: automatic sprinkler with appropriate dose and time, ensuring the best development conditions. In addition, in this project, it is expected that HVC will be trusted by the investor to implement many other electromechanical items and entertainment equipment such as swimming pools, fountains ...

A series of key projects of Vingroup are cooperating with HVC Group in the electromechanical segment such as Vincom Cam Pha - Quang Ninh Project; General Contractor of Imperia Hai Phong High School Project - Vinhome Imperia Hai Phong Project; General contractor electrical and mechanical infrastructure, mechanical and electrical projects Vincity Ocean Park, ...

Vincity Ocean Park project - HVC Group is the general contractor for electrical and infrastructure construction

An indispensable element for the comprehensive investment of HVC Group in the field of electrical engineering is HVC Group has done well the recruitment, personnel training and safety work. Up to now, HVC Electrical and Mechanical General Contractor Co., Ltd has more than 150 engineers and skilled workers, ready to meet the progress and quality of investors in projects nationwide.

Tool Box - an early safety meeting activity before every shift is fully and professionally implemented by HVC Group

The overall investment has earned the title of Top 10 reputable Vietnamese mechanical contractors in 2019 for HVC Group. Financial results in the first quarter of 2019 of HVC Group continue to maintain an impressive growth with the revenue of 106 billion dong, after tax profit of 7.7 billion dong (doubling compared to the same period).