NEWTECONS AFFIRMS ITS POSITION IN THE TOP 10 BEST CONSTRUCTION COMPANIES IN VIETNAM BY ITS SOLID INNER FORCES
[Hanoi, April 22, 2022] Newtecons was honored to receive reward of TOP 10 BEST CONSTRUCTION COMPANIES IN VIETNAM 2022 at the Announcement Ceremony of Top 10 prestigious firms in property and construction in the year 2022 by Vietnam Report (VNR) and VietNamNet Newspaper – Ministry of Information and Communications solemnly organized. Solid inner force is the strength that helps Newtecons overcome all obstacles under the pressure of the Covid-19 pandemic and achieved this reward.
VNR’s independent investigation on scientific and objective principles resulted in the TOP 10 rating. Financial capacity as demonstrated in the most recent financial statements is used to measure a company’s reputation. The Media Coding approach, which involves coding articles from influential media outlets, is used to assess media trustworthiness. In the period 2021-2022, a survey of research subjects and stakeholders will be conducted as an additional aspect in determining the position of businesses in the industry.
SOLID INNER FORCE – ADAPTING TO CHANGE
“Newtecons’ market rivalry is defined not only by its equipment, technology, finance, and skilled human resources capability, but also by its PRESTIGE. PRESTIGE is a Newtecons brand, and when it comes to Newtecons, it’s all about the prestige. Newtecons comes to mind when the Investor is looking for a reputed General Contractor.
Due to the detrimental impacts of the COVID-19 pandemic, the construction industry had a terrible year in 2021. Due to disruptions in the supply of materials and human resources, most projects in the provinces and cities affected by social distancing had to halt construction, and projects out of blocked areas were also delayed. The expense of maintaining the apparatus, the cost of epidemic prevention, and the cost of deploying resources after the lockdown are the most evident economic costs. Aside from the epidemic’s convoluted evolution, fluctuations in the price of raw materials have had a direct impact on construction investment prices, the efficiency of many projects, and the erosion of business profit margins. Newtecons has opted to grow internal resources and maintain its reputation with customers, partners, and employees, while other businesses are searching for methods to boost profits, cut personnel, reduce pay, and increase works.
Newtecons is always ready for any situation by developing solutions, promptly adapting, and having faith in its own team as a pioneer of creation. With the capacity and agreement of all employees, Newtecons quickly took steps to preserve production and business on the one hand, while also caring for each employee’s life and sharing responsibility for public community.
The cost of PCR testing has been significant since the beginning of the pandemic, but the company continues to do tests for employees in order to satisfy the “zero covid” campaign, discover and trace infections immediately, and avoid spead of the pandemic; maintain business in order to assure safety. When news of the death spread, everyone became panicked and anxious. The vaccination dose was highly rare and crucial at the time, but all Newtecons employees and their families were shot as soon as possible, ensuring health safety and mental stability. Newtecons has organized a rapid reaction team, consulting doctors, supporting medicines, information, oxygen tanks, SPO2 concentration meters, ambulances, and treatment facilities during the process of suppressing the epidemic – living with the pandemic. Because of Covid, the Newtecons collective has securely through the most difficult and perplexing period of crisis, with peace of mind and pride in being a part of a corporation. In every circumstance, there is a Board of Directors that pays special attention to each member.
Newtecons founded the Newshare Fund to help employees and their families, as well as to create a sense of community, empathy, and solidarity among employees. Internal activities are always maintained so that the member are “distance never separates hearts,” always looking towards the company, always looking towards each other, working with peace of mind while working at a distance.
As a result, all Newtecons employees are proud and courteous, ready to step in with a dedicated heart. Many new initiatives born. Many construction sites worked tirelessly at all hours of the day and night, finishing projects ahead of schedule. Newtecons is one of the few companies in the same industry that expects to expand in 2021. Newtecons announces a daring expansion strategy from 5,363 billion to over 10,000 billion as more than a half of the construction market freezes. When the entire market was struggling to reduce workers, Newtecons opened a 5 star office with “all-cool” facilities for employee, recruited many new employees.
General Director Tran Kim Long shared: “I am most proud of Newtecons’ staff. Today’s success is the result of all Newtecons’ people who have worked day and night with dedication. I am happy to have a united, enthusiastic, passionate and powerful team.”
UPGRADE SOLUTION – SUSTAINABLE DEVELOPMENT
In a time when the entire economy is trying to recover, Newtecons’ short and medium-term business plan focuses on five priorities: Strengthening financial management and risk management; ensuring jobs, wages, and benefits for employees; promoting investment and technology development; strengthening training and improving the quality of human resources to adapt to the digital era; Building strong financial resources.
Sustainable construction, according to experts, is gradually approaching ESG – Environmental, Social and Governance Criteria, which focus on activities to protect the natural environment and effectively use natural resources; improving the quality of life, making progress in social life, while ensuring economic growth and generating profits without affecting the needs of future generations. As a result, Newtecons has been using a green building model that adheres to high standards, saves fuel, and operates closed and cyclical stages to produce competitive advantages and value for customers in particular, and for society as a whole.
Newtecons continues to organize team bonding activities, setup a series of new personnel, and trains at every level, from the office to the construction sites, from senior management to employees, in the fortunate year of 2022. Sports and team-building activities take precedence. Newtecons seemed to have regained its vigor, becoming stronger and more resilient, full of hope for the future, and fast recovering from the pandemic.
Vietnam Top 10 Building contractors Reputation Award 2022 is a proof to Newtecons’ internal strength and a motivator to keep reaching higher levels and fulfilling its purpose of contributing to the development of the construction industry and creating long-term benefit for society.