Another year full of upheavals has passed, yet the footprints of DEOCA Group remain firmly imprinted across every corner of the nation. Devastating natural disasters, lingering consequences of the pandemic, persistent doubts, and systemic challenges continue to test us with formidable circumstances. However, as the saying goes, “Calamity is man's true touchstone”, hardships have become a measure of resilience and a testament to the unwavering spirit and determination of DEOCA Group. These qualities have been forged over nearly 40 years of establishment and development which a journey we proudly call the “Path of Overcoming Challenges”.
Starting as a small cooperative in Phu Yen province, located in a poor rural area at the easternmost edge of the nation, DEOCA Group, with the mindset of “Think different, make difference”. has steadily risen to become a trailblazer in conquering projects once deemed impossible. The Group has crafted monumental works that contribute to a safer, more prosperous life for the people and the nation of Vietnam. Central to its mission is prioritizing the country's and the people's interests as the highest goal, while ensuring sustainable benefits for shareholders, employees and partners.
Looking back on 2024, we overcame challenges together and successfully completed many important projects. Cam Lam - Vinh Hao expressway, a model public-private partnership (PPP) project with an innovative 3P funding model, reached its finish line. We completed Prenn Pass road, known as the widest mountain pass in the country with four lanes and inaugurated Binh Minh bridge, an architectural masterpiece over Cua Luc bay in Quang Ninh province, unlocking the dynamic economic potential of the Northeast region. On the construction sites of the North to South expressway projects undertaken by DEOCA Group, the roar of machinery echoed day and night, as the rhythm of tireless labor carried on without pause.
These projects also embody the spirit of aspiration, determination, and gratitude of DEOCA Group, such as Dong Dang - Tra Linh expressway and Huu Nghi - Chi Lang expressway, traversing historically significant landmarks of the nation. The projects were launched amidst the joy and excitement of the ethnic communities in Cao Bang and Lang Son provinces, marking efforts recognized by the Government and the National Assembly. This recognition led to the adoption of policies increasing the proportion of state budget funding from 50% to 70% while introducing a breakthrough PPP++ model to mobilize resources, ensuring the feasibility of these projects.
DEOCA Group concluded the year 2024 by initiating construction of Dai Ngai 1 bridge, recognized as the second-largest cable-stayed bridge in Vietnam. This milestone further solidifies DEOCA Group's position as a leader in mastering the “technology chain” for road construction projects, ranging from mountain tunnels to sea-crossing bridges, and now advanced cable-stayed bridges.
In 2025, DEOCA Group, alongside the nation, embarks on a new era which a powerful awakening of the Vietnamese people. With ambitious goals on the horizon, the country is tasked with completing 3,000 kilometers of expressways by 2025, 5,000 kilometers by 2030, and preparing to launch the massive 1,541kilometers North-South high-speed railway project. This is not only the responsibility of the Government but also our shared mission, as those dedicated to developing the nation’s transportation infrastructure.
Amidst numerous challenges that also bring significant opportunities, as the Government initiates strategic projects, DEOCA Group advances with a proactive mindset. The Group strives to excel in its entrusted roles within key projects, strengthening resources and solidifying its position as Vietnam's leading transportation infrastructure enterprise. Furthermore, it aims to reach international heights by learning from and applying advanced technologies such as artificial intelligence (AI), railway engineering, and metro construction techniques.
To be ready to take on new responsibilities in this pivotal phase of the nation's transformation, I call upon all levels of leadership and the entire staff of DEOCA Group to remain open to learning, embrace innovative and creative thinking, and uphold the spirit of daring to think, act, innovate, and take responsibility for the greater good.
Let us align human development with the Group's strategy of “Select to utilize – Develop to honor”, enhancing management and operational methods, investing in the growth of a knowledgeable and highly capable workforce with practical expertise, accelerating digital transformation, and adopting modern technologies to optimize the efficiency of business operations.
The road ahead for DEOCA Group will undoubtedly be filled with challenges. However, guided by our core values of “Aspiration – Perseverance – Gratitude”, the mindset of “Think different, make difference”, and the resilience that defines us, we will unite with strategic partners, the transportation sector, and the political system. Together, we will continue to create monumental and sustainable projects, contributing to a comprehensive, robust and groundbreaking development, elevating Vietnam to new heights of prosperity.
Mr. Ho Minh Hoang
Chairman of the Board of Directors, DEOCA Group