Dai Dung rides major steel structure construction wave

By Duy Linh
Mon, January 9, 2023 | 2:13 pm GMT+7

Dai Dung Corp., a leading Vietnamese steel structure manufacturer, is proceeding with its strongly growing business plans for 2023, built up from the firm's contracted supply of steel structures for some FIFA World Cup 2022 stadiums in Qatar.

 Lusail Stadium in Qatar for FIFA World Cup 2022 has steel structures provided by Dai Dung Corp. in Vietnam. Photo courtesy of FIFA.

Lusail Stadium in Qatar for FIFA World Cup 2022 has steel structures provided by Dai Dung Corp. in Vietnam. Photo courtesy of FIFA.

The Ho Chi Minh City-headquartered company was the unique Vietnamese firm to do this for Qatar. The valuable deal has further cemented the manufacturer’s prestige both at home and abroad.

Its products have been serving major construction segments in both Vietnam and international markets.

Testimony

Among its performances in the domestic market are these outstanding steel structures:

Hoa Phat coal storage project (Hoa Phat Group)

• Total area: 30,000 square meters

• Total length: more than 3,000 meters

• Volume: 40,000 tons of steel

 Hoa Phat coal storage project. Photo courtesy of Dai Dung.

Hoa Phat coal storage project. Photo courtesy of Dai Dung.

TBS Kien Giang garment factories

• Total area: 5,040 square meters

• Volume: 6,000 tons of steel

 A TBS Kien Giang garment. Photo courtesy of Dai Dung

A TBS Kien Giang garment. Photo courtesy of Dai Dung

Cocreation Grass Vietnam factory (making artificial grass)

Total area: 114,482 square meters

 Cocreation Grass Vietnam factory in Tay Ninh province, southern Vietnam. Photo courtesy of Dai Dung.

Cocreation Grass Vietnam factory in Tay Ninh province, southern Vietnam. Photo courtesy of Dai Dung.

All of these steel structures were completed by Dai Dung Corp. during the time the Covid-19 pandemic was wreaking havoc in Vietnam in 2020 and 2021. Despite the pandemic-triggered challenges, the firm has managed to accomplish these works, obtaining trust from its clients.

The construction progress committed by the manufacturer for these projects was ensured despite the difficulties and challenges.

Key tasks for 2023

Dai Dung’s business plans for 2023 include improving its corporate and business management; staff training, building a cohesive working environment; and its 2023 minimum profit margin set at 5%.

Other key tasks are to keep building up its human resources, improving personnel competence, and creating more benefits.

The corporation continues to systematize its corporate governance, making efforts toward digital transition.

Dai Dung's mechanical engineering products have been exported to more than 50 countries around the world while the firm continues to expand its markets and its customer list. The company has sufficient resources and systems to perform full packages of services and products, including project management, design, procurement, processing, installation, and completion for delivery.

Comments (0)
  • Read More
Global Wind Energy Council expects no offshore wind projects in Vietnam by 2028

Global Wind Energy Council expects no offshore wind projects in Vietnam by 2028

The Global Wind Energy Council (GWEC) expects that “no real offshore wind projects are likely to be built in Vietnam” until the end of 2024-2028 period, the GWEC said in its Global Wind Report 2024.

Energy - Mon, April 22, 2024 | 3:40 pm GMT+7

Work on final sub-project for eastern wing of North-South Expressway kicks off

Work on final sub-project for eastern wing of North-South Expressway kicks off

Construction of the Huu Nghi-Chi Lang Expressway, the final sub-project for the eastern wing of the giant North-South Expressway project, commenced on Sunday in the northern border province of Lang Son.

Infrastructure - Mon, April 22, 2024 | 2:40 pm GMT+7

Assistant to Vietnam's parliament chief detained for power abuse

Assistant to Vietnam's parliament chief detained for power abuse

Pham Thai Ha, assistant to Vietnam's National Assembly Chairman Vuong Dinh Hue, has been arrested for abusing positions and power to influence others for personal gains.

Politics - Mon, April 22, 2024 | 1:10 pm GMT+7

Vietnam central bank cancels first gold auction in 11 years

Vietnam central bank cancels first gold auction in 11 years

Vietnam's central bank has canceled a gold auction due to take place at 10 a.m. Monday, which would have been the first after an 11-year hiatus.

Banking - Mon, April 22, 2024 | 10:57 am GMT+7

Margin lending at Vietnam brokers hits new high, room remains ample

Margin lending at Vietnam brokers hits new high, room remains ample

Outstanding margin loans at brokerage houses in Vietnam had risen to a record high of an estimated VND195 trillion ($7.66 billion) at the end of March.

Finance - Mon, April 22, 2024 | 10:44 am GMT+7

New stock trading system KRX to operate from May 2

New stock trading system KRX to operate from May 2

The Ho Chi Minh Stock Exchange (HoSE) on Sunday asked securities companies to prepare to go live with a new trading system provided by the Korea Exchange (KRX) from May 2.

Finance - Mon, April 22, 2024 | 9:48 am GMT+7

Vietnam-Singapore Industrial Park JV earns $67 mln in 2023 profit

Vietnam-Singapore Industrial Park JV earns $67 mln in 2023 profit

Vietnam Singapore Industrial Park Joint Venture Co. (VSIP), the developer of VSIP industrial parks, recorded a post-tax profit of VND1,703 billion ($66.9 million) in 2023, down 24.6% year-on-year.

Companies - Mon, April 22, 2024 | 8:05 am GMT+7

Tourists come in great numbers to Dien Bien Phu

Tourists come in great numbers to Dien Bien Phu

The special national relic site of Dien Bien Phu Battlefield in the mountainous province of Dien Bien is attracting an increase influx of tourists from across the country and abroad as only half a month ahead of the Grand Celebration on May 7.

Travel - Sun, April 21, 2024 | 10:46 pm GMT+7

Longan honey harvest season begins in northern Vietnam province Hung Yen

Longan honey harvest season begins in northern Vietnam province Hung Yen

With a total longan area of some 5,000 hectares, the northern province of Hung Yen is considered Vietnam’s “longan capital”. As spring transitions to early summer, the longan orchards of the province burst into bloom, heralding the arrival of the longan honey collecting season from April to May.

Travel - Sun, April 21, 2024 | 10:43 pm GMT+7

Thailand promotes AI, creative economy

Thailand promotes AI, creative economy

The Federation of Thai Industries (FTI) is planning to establish new units to align with the government's policy to promote artificial intelligence (AI) and the creative economy as levers of soft power.

Southeast Asia - Sun, April 21, 2024 | 10:41 pm GMT+7

Vietnam stock market loses $20 bln after 4 sessions

Vietnam stock market loses $20 bln after 4 sessions

Price plunge swept away nearly VND480 trillion ($20 billion) from Vietnam’s stock market after four sessions during the week April 15-19.

Finance - Sun, April 21, 2024 | 10:27 pm GMT+7

Greenback surge appears a mixed bag for Vietnam businesses

Greenback surge appears a mixed bag for Vietnam businesses

As expected, the recent surge in the U.S. dollar against the Vietnamese dong (VND) has benefited exporters handsomely while importers are feeling the pinch of paying more for their purchases.

Companies - Sun, April 21, 2024 | 6:51 pm GMT+7

With no clean land, $169 mln central Vietnam project faces termination

With no clean land, $169 mln central Vietnam project faces termination

Binh Dinh province has granted in-principle approval for the termination of a VND4.3 trillion ($169 million) wooden board manufacturing project by Kim Thanh Lap Forestry JSC, citing lack of clean land to implement it.

Industries - Sun, April 21, 2024 | 2:55 pm GMT+7

Techcombank plans 10% stake issue to foreign strategic investors

Techcombank plans 10% stake issue to foreign strategic investors

Major Vietnamese private lender Techcombank plans to issue a 10% stake to overseas strategic investors, given its current self-capped foreign ownership of 22%, said chairman Ho Hung Anh.

Companies - Sun, April 21, 2024 | 10:47 am GMT+7

Hanoi low-cost apartment supply down 47% yearly since 2020: Savills

Hanoi low-cost apartment supply down 47% yearly since 2020: Savills

Hanoi’s supply of budget apartments priced below VND30 million ($1,179) per square meter has dropped 47% every year since 2020, according to real estate service firm Savills Vietnam.

Real Estate - Sun, April 21, 2024 | 9:40 am GMT+7

Vietnam sees dramatic increase in fruit, vegetable exports to South Korea, Thailand

Vietnam sees dramatic increase in fruit, vegetable exports to South Korea, Thailand

Vietnam saw high export growth in fruits and vegetables to all major markets in Q1/2024, but the intake by South Korea and Thailand was sudden and dramatic, a report says.

Economy - Sun, April 21, 2024 | 8:15 am GMT+7