On the morning of July 7, in Phu Tho province, DEOCA Group and CNCTech Group held a working session to explore collaboration opportunities, paving the way for integrated development of transportation and industrial infrastructure in the region.
The delegation from DEOCA Group was led by Mr. Ho Minh Hoang, Chairman of the Board of Directors, accompanied by Vice Chairman of the Board of Directors Phung Tien Thanh and General Manager Nguyen Quang Huy.
The overall view of the working session.
Introducing CNCTech Group, Founder and Chairman of the Board of Directors Nguyen Van Hung shared that since its establishment in 2008, the company has experienced continuous growth, starting with precision machining before expanding into industrial infrastructure. To date, CNCTech has become a multi-sector industrial group, leaving its mark across multiple regions and asserting its position in the global industrial value chain.
Under its 2025–2030 growth strategy, CNCTech aims to go beyond expanding its two core pillars (manufacturing technology and industrial & logistics) which encompass 4 sectors and over 24 services. The company is also setting its sights on building a smart, green industrial ecosystem in Vietnam.
Mr. Nguyen Van Hung - Founder and Chairman of the Board of Directors of CNCTech Group spoke at the working session.
Representing DEOCA Group, General Manager Nguyen Quang Huy introduced the company’s development model, based on three pillars: corporate governance - financial integration - human resources training.
Evolving from a provincial cooperative, DEOCA has gradually built up the resources to invest in BOT projects, acquire tunneling technology, and gain hands-on experience in project management and construction. The Group especially focused on creating connected strategy with other businesses to form a service supply chain for the transportation infrastructure industry.
DEOCA’s governance model has proven effective with standardized management procedures tailored to transport infrastructure. These hands-on experiences not only enhance DEOCA’s internal operations but are also shared with industry partners through co-investment in PPP projects and carry out construction under EPC and EC general contractors.
Notably, in Huu Nghi - Chi Lang and Dong Dang - Tra Linh projects, DEOCA Group pioneered the PPP++ model, calling for the participation of investors to share the same vision and commitment, diversify funding sources and build a strong foundation for effective project implementation.
With the belief “Golden roads create golden values”, DEOCA has built an affiliate financial model that unites businesses in co-investing and construction based on the principle of “shared benefits – shared risks” in PPP and public investment projects. Through this, the Group promotes training programs to enhance management capacity as well as integrate technology to improve productivity, control costs, and optimize construction processes. It also prepares skilled human resources for future metro projects.
“With a concentrated growth strategy, we are committed to developing transport infrastructure based on our core values of ‘Aspiration – Perseverance – Gratitude’ and the ‘3 Q Governance’ management philosophy”, General Manager Nguyen Quang Huy said.
Mr. Nguyen Quang Huy - General Manager of DEOCA Group spoke at the working session.
Believing that “people and culture cannot be borrowed”, DEOCA Group places strong emphasis on human capital development through multi-level training programs that cover both specialized and soft skills across the organization.
Mr. Nguyen Tien Long, Chairman of Long Phuong Group, a partner of CNCTech, expressed high regard for DEOCA, recognizing the Group as a pioneer known for its quality and transparency across projects throughout Vietnam. “DEOCA’s success comes from the enterprise’s competency but not luck or personal connections”, he stated.
Sharing about growth strategy, Chairman of the Board of Directors Ho Minh Hoang praised CNCTech’s rapid progress compared to many domestic firms but advised a careful post-merger review aligned with local development needs. He suggested that CNCTech propose strategic planning initiatives to the local government for support.
Mr. Ho Minh Hoang - Chairman of the Board of Directors of DEOCA Group visited Thang Long CNC Factory, which specialized in precision machining and plastic injection molding.
The head of DEOCA Group emphasized that domestic enterprises must invest in productivity-enhancing solutions through corporate culture training and workforce development. Mr. Ho Minh Hoang also encouraged CNCTech to establish a clear monitoring and accountability mechanism to ensure transparency, continuous improvement, and comprehensive oversight, from pre-control to post-control and assurance control.
“Private enterprises must embrace the spirit of General Secretary To Lam’s guidance, especially the mindset of ‘dare to speak, dare to act, and dare to take responsibility,’ along with the administrative reform”, Mr. Ho Minh Hoang stressed.
The meeting opened up opportunities for cooperation between DEOCA Group and CNCTech Group.
At the end of the meeting, Mr. Nguyen Van Hung expressed appreciation for the insights shared by DEOCA Group’s leadership and affirmed that the company would promptly review and adjust its investment strategy and operations model. He also committed to working with DEOCA and other partners to develop a roadmap for building a smart, high-tech industrial city in Phu Tho province.
News: Bac Hiep - Photo: Viet Trung
