Many large-scale road tunnels in Vietnam such as Deo Ca, Cu Mong, Hai Van 2, ... are invested and constructed.

Deo Ca tunnel is invested by DCIC

Today (April 5, 2020), Deo Ca Investment Joint Stock Company (DCIC) - a member of Deo Ca Group (DCG) celebrates 10 years aniversary of establishment. Over a decade of formation and development, DCIC has made strong impressions on many key traffic works as an investor, especially on Deo Ca tunnel project with many construction components are mountain tunnels such as Deo Ca, Co Ma, Cu Mong and Hai Van 2.

Conquering a series of through-mountain tunnels, rescuing Bac Giang - Lang Son expressway

In the field of traffic construction, Deo Ca is not only famous within the country but also well-known in many countries around the world for its pioneer position and many miracles it has created in the construction of large-scale tunnel systems in Vietnam such as: Deo Ca, Cu Mong, Hai Van 2, etc.

Deo Ca tunnel is not only the pride of Deo Ca people, of Phu Yen people but also the common pride of Vietnamese people from perspective of technology, intelligence and bravery of Vietnam. When talking about the first days of receiving Deo Ca tunnel project, Mr. Ho Minh Hoang, Chairman of Deo Ca Group, said: “The biggest difficulty in implementing that project is belief. When the PPP investment form was unfamiliar and Deo Ca was too young and inexperienced to convince everybody believe in its ability to take over such a great construction as Deo Ca tunnel”.

Initially there was a lot of skepticism, even some leaders share that at the time though they had agreed but it was like, "Oh, I just agree to the policy but I know it can't be done!”. And somehow DCIC has overcome these doubts, but it is certain that Deo Ca has very specific arguments and convincing figures to prove the feasibility of the project to get the approval from Ministry of Transport on the policy to carry out the project, then persuade a domestic bank to approve the credit.

By September 2017, Deo Ca tunnel project reached its destination 4 months ahead of the schedule. On the inauguration day of the Tunnel, Mr. Ho Minh Hoang shared: “I consider Deo Ca Tunnel as a debt I owe my native Phu Yen”.

Mr. Hoang believe that success is based on the value contributed for the people and homeland. There is a quote by Albert Einstein which he keeps in mind and often shares with his colleagues “Do not try to be successful but try to become valuable.”

Also in 2017, Ministry of Transport assigned DCIC to continue investing in constructing Cu Mong tunnel and expanding Hai Van 2 tunnel. These are items of the project making tunnel through Ca Pass. In which, Cu Mong tunnel (total investment: VND 4,000 billion) invested from the redundant capital of Deo Ca tunnel which has been inaugurated and opened from the beginning of 2019.

Bac Giang - Lang Son expressway was completed and put into operation in early 2020

In March 2017, Deo Ca continued to mark its success series by taking over the task of “rescuing” Bac Giang - Lang Son expressway project from the deadlock and stalled for 2 years due to the incompetence of old investor. After taking over the project, Deo Ca has restructured and directed contractors to accelerate construction and quickly complete the component of upgrading 105km of National Road No.1 after only 8 months. Particularly, the component of 64-km-long expressway Bac Giang - Lang Son has reached the finish line in early 2020, earlier than committed.

In parallel with “rescuing” Bac Giang - Lang Son Expressway Project, the People's Committee of Lang Son province has also selected Bac Giang - Lang Son BOT Joint Stock Company (under Deo Ca Group) to continue constructing 43km of Huu Nghi - Chi Lang Expressway, the route has been approved by Prime Minister to add to Bac Giang - Lang Son project in the form of BOT contract.

The biggest upcoming project is to clear the policy

Within 10 years, DCIC and other Deo Ca’s subsidiaries have invested in the construction of many important transport infrastructure projects for the country such as road tunnels, bridges, expressways, etc. This has shown the miraculous step of a Vietnamese private enterprise, with the motto of “Change to survive, unite to develop, happiness belongs to those who are on time!”, taking people as the nucleus, the deciding factor for the success or failure of an enterprise.

With the determination to bring the company to develop sustainably, Deo Ca Group has cooperated with prestigious universities in the country and abroad to solve the problem of high quality human resources. With the important focus on “risk management” planning backup financial policies, mobilizing international investment capital into Vietnam to create capital flow channels, mobilizing intellectual human resources, updating knowledge and training leadership skills through strategic training programs at leading universities.

The success of DCIC's projects shows the important role of the private economy in building and developing the country. If stimulated by a clear legal system, a transparent and fair investment environment among the participants, that economic component will make greater contribution to the development and international integration of Vietnam.

Answering to the Transport Newspaper about the upcoming projects, Mr. Ho Minh Hoang - Chairman of the Board of Management said, “The biggest project to implement is policy clearance. Through international PPP integration to facilitate BOT contract investment in Vietnam, gradually reduce the inadequacies and risks, creating a fair playing environment for investors”.