NEWTECONS RAISE IN RANK – TOP 5 REPUTABLE VIETNAM BUILDING CONTRACTOR

On May 17, 2023, Hanoi The Vietnam Report (VNR) and Vietnamnet Newspaper – Ministry of Information and Communications presented Newtecons with the award for Vietnam’s Leading Construction Contractor in 2022. As a result, after many years of steadily rising rankings, Newtecons has attained fifth place. This outcome demonstrates the success of Newtecons’ efforts to create its brand and affirms its market position.

According to VNR, the rankings are based on independent research that is based on scientific and objective principles. They are intended to recognize and honor major players in the construction industry who have worked hard to achieve a number of successes in offering customer products, building a strong reputation among the general public and investors, and exhibiting a strong moral code with stable financial capacity and good resilience when facing challenges.

The year 2022 is marked by a change for the world economy in general and Vietnam in particular. The pre-COVID-19 period’s supply decline, the pandemic’s effects on the Russia-Ukraine conflict, changes in raw material prices, escalating inflation, and sharp increases in interest rates, among other factors, have all had a negative impact on the Vietnam construction industry. However, Newtecons has successfully navigated rough waters, continued to grow, and generated income in excess of $10 trillion thanks to the smart leadership of the Board of Directors and the tenacity and unity of its employees.

The year 2023 is expected to still have many challenges, but it also promises to provide many chances. As the saying goes, “Fire tests gold, hardship tests strength.” With a team of gifted, highly skilled, experienced employees, a tenacious attitude, and a firm conviction, Newtecons will continue to promote the use of advanced technology in the building, advancing the construction sector and society.