Tiếng Việt
On the morning of May 24, an esteemed meeting between DaiDung Group and Tien Phong Plastic Joint Stock Company (Nhựa Tiền Phong) took place in Ho Chi Minh City, transcending a mere exchange to mark a strategic milestone in establishing a partnership between two industry leaders. Rooted in a shared vision for sustainable development and a commitment to operational excellence, both parties engaged in profound discussions to explore synergies, aiming to expand the value chain in construction and infrastructure, optimize resources, enhance competitive advantages, and broaden market reach.
Two Pioneering Enterprises with a Vision for Long-Term Collaboration
With over three decades of growth, DaiDung Group has solidified its position as one of Vietnam’s foremost leaders in steel structures and construction mechanics. Boasting large-scale manufacturing facilities and a highly skilled engineering team, the company has contributed to numerous landmark projects both domestically and internationally. Beyond manufacturing, DaiDung has expanded its role as a general contractor, delivering comprehensive construction solutions that ensure both progress and quality.
Meanwhile, Nhựa Tiền Phong, a trailblazer in the plastic pipe and technical infrastructure solutions sector, commands an extensive distribution network and an impeccable reputation in domestic and regional markets. Its commitment to green technology, digital transformation, and eco-friendly products has sustained robust growth amidst intensifying competition.
During the meeting, both parties delved into detailed discussions on development plans, market strategies, and the expansion of product-service ecosystems, while sharing insights on navigating domestic and international markets. The alignment in their developmental vision and unwavering commitment to quality forms the cornerstone of a profound partnership, poised to foster sustainable and adaptive growth across all stages.
Mr. Trịnh Văn Huyên, Deputy General Director of DaiDung Group, Shares 2025 Plans and 2030 Vision
Mr. Trịnh Văn Huyên, Deputy General Director of DaiDung Group, articulated the company’s ambition to cater to top-tier multinational clients by focusing on high-tech product lines. “In 2024 alone, markets such as the Middle East, the United States, Japan, and Australia have been pivotal contributors to our revenue. DaiDung is relentlessly enhancing its supply capabilities, tailoring distinct strategies for each market with dedicated business teams,” he affirmed.
Mr. Đào Anh Thắng, Deputy General Director of Sales at Nhựa Tiền Phong, Highlights Opportunities for Collaboration
Representing Nhựa Tiền Phong, Mr. Đào Anh Thắng, Deputy General Director of Sales, emphasized that 2025 will be a pivotal year for achieving breakthroughs and driving robust growth over the next five years. “A key focus is leveraging our existing strengths in sales and product quality to deepen penetration in both domestic and international markets. In the near term, Nhựa Tiền Phong aims to optimize the domestic market, where our civil distribution network generates significant revenue and will continue to support a flexible strategy. Our second and most critical strategy is international expansion, encompassing all plastic-related products we manufacture, such as technical plastics and gas pipes. The robust infrastructure of DaiDung Group is a strength we hope to synergize with to amplify our collective capabilities,” Mr. Thắng shared.
Notably, Nhựa Tiền Phong has set an ambitious target for 2025, aiming for revenue of VND 6,000 billion and a consumption volume of 117,500 tons.
Synergizing to Elevate the Construction Supply Chain
The two enterprises explored various concrete collaboration models, including integrating complementary products and services into each other’s ecosystems and jointly developing synchronized solutions for construction and infrastructure projects. Additionally, the potential to collaborate on large-scale bidding packages as comprehensive supply partners was meticulously evaluated, aiming to optimize costs, timelines, and quality—critical factors in a highly competitive market. The combination of Nhựa Tiền Phong’s expansive distribution network and DaiDung Group’s comprehensive construction capabilities promises to create substantial synergies, particularly in high-potential markets.
Tour of Operations at An Ha Factory
In the long term, both enterprises are committed to nurturing a partnership grounded in shared values and the optimal utilization of resources to advance together. This collaboration is not merely a union of two industry leaders but a model of effective synergy, exemplifying proactive connectivity, enhanced efficiency, and sustainable development within the construction and infrastructure supply chain.
Nhựa Tiền Phong and DaiDungGroup Commemorate the Event with a Group Photo
In an industry grappling with challenges such as technological innovation, green standards, and rising input costs, the alliance between these two pioneering enterprises sets a strategic direction for collaboration, bolstering internal strengths and elevating competitive capabilities. This partnership heralds a new era of excellence, poised to shape the future of the construction industry with sophistication and vision.