THE PROCESS OF ESTABLISHMENT AND DEVELOPMENT

The establishment of DEOCA Group marks its growth, highlighting a significant milestone in its development, which has been built on legacy and a continuous journey of striving, learning, working, and innovating over the past 40 years by Chairman Ho Minh Hoang and his associates. This success began with cooperatives, enterprises, and later companies, all of which were shaped by a wealth of experiences, challenges, and a range of emotions such as joy, sorrow, worry, trust, and ambition. The people of DEOCA have turned challenges into opportunities, making what once seemed impossible a reality. Together, we have moved forward to compose the vibrant future of DEOCA today.

  1. From 2023...
  2. 2018 - 2022
  3. 2009 - 2017
  4. 1999 - 2008
  5. 1985 - 1998

  1. Reaching International Horizons

    2023: Collaborating with leading global enterprises to gain expertise and insights, enhance talent development, foster corporate culture, and leverage technology for management and operations. Evolving from builders to project organizers and managers.

     

    Establishment of DEOCA Institute of Research and Training

    Inauguration of the DEOCA Practical Training Center

    2024: Entering the railway sector with the ODA-funded Khe Net railway tunnel project. Taking on some of the nation’s most significant and complex transportation projects, including the North-South expressway (Eastern section), Khanh Hoa – Buon Ma Thuot expressway, Ho Chi Minh City Ring Road 3, Long Thanh International Airport…

    Huu Nghi – Chi Lang expressway & Dong Dang – Tra Linh expressway

    Khe Net railway tunnel project

  2. Strengthening brand positioning and scaling the business model

    The guiding principle: “Think different, make difference”

    2018:
    Merged multiple companies and rebranded as DEOCA Group Joint Stock Company, positioning “DEOCA Group” as a strong brand.
    Scaled up the business model and successfully delivered numerous large-scale and complex projects, including Cu Mong tunnel, Hai Van 2 tunnel and Tinh Yeu bridge. Notably, made a significant impact by rescuing and completing long-delayed expressway projects, such as Bac Giang – Lang Son and Trung Luong – My Thuan.
    DEOCA Group is positioned as a leading investor and general contractor in transportation infrastructure development in Vietnam.
    2022:
    Remaining steadfast in the strategy of “Focused Growth”, the company pioneered new financial models, including BOT, PPP, 3P and PPP++.
    + Officially listed shares of DEOCA Transport Infrastructure Investment Joint Stock Company (a subsidiary) on HOSE (Hochiminh Stock Exchange) under the ticker symbol HHV..
    + A strategic approach to collaboration with enterprises to establish supply chains, enhance services, and optimize production, involving consulting firms, investment and construction entities and investment funds.

    + Successfully innovated and implemented the PPP++ model, providing a breakthrough solution for capital mobilization in PPP projects such as the Cam Lam – Vinh Hao, Dong Dang – Tra Linh, and Huu Nghi – Chi Lang expressways.

  3. From the aspiration to conquer to breakthroughs

    2009:

    Hai Thach demonstrated its aspiration to conquer challenges by proposing the investment project for Deo Ca road tunnel. 
    2014:
    Restructured into Hai Thach Group, operating under a parent-subsidiary model with a diversified business portfolio spanning investment, construction, and the production and supply of materials, among other sectors.

    Hình 3

    2015 – 2016:
    Made an investment in Saigon Bridge-Road Construction Group Joint Stock Company (SBRC), headquartered in Ho Chi Minh City, signifying a breakthrough in financial models and marking a pivotal milestone in capital restructuring and strategic transformation.

    Hình 1

    2017:
    Inaugurated Deo Ca tunnel, a milestone that highlights the mastery of construction technology and the successful completion of the largest road tunnel project undertaken by local professionals.

    Hình 2

  4. Achievements & nurturing seeds for the future

    Successfully executed construction, woodworking, and electrical installation projects in Phu Yen Province. Established Hai Thach Investment and Construction Co., Ltd., achieving notable accomplishments in the construction sector.

    Pioneered the adoption of the Build-Transfer (BT) investment model for infrastructure projects in Phu Yen Province.

  5. Inheriting & fulfilling responsibilities

    Hai Thach Woodworking & Construction Cooperative was founded in 1985 in Phu Yen Province.

    Entrepreneur Ho Minh Hoang, inheriting the family legacy, successfully undertook the transfer, restructuring and stabilization of its operations, while fulfilling his responsibilities to both the family and the business.