On the morning of February 22, 2026, in Khanh Hoa Province, Deoca Group held a meeting of its Board of Directors (BOD) chaired by Mr. Ho Minh Hoang, Chairman of the Board, to outline directions for implementing key tasks in order to achieve the targets set for 2026.
The meeting was attended by members of the Advisory Council, the Board of Directors, the Executive Board, leaders of the Group’s specialized departments, and the executive boards of member units. Leaders of partner enterprises of Deoca Group were also present.
Overview of the meeting.
At the meeting, the Board of Directors listened to a report on the Group’s key missions for 2026, focusing on three areas: Managing People – Managing Task – Managing Benefit.
Regarding Task Management, according to a report by Mr. Nguyen Quang Huy, General Director of Deoca Group, the Group’s key tasks in 2026 include focusing on pursuing public investment projects amid continued pressure in the credit market, while selectively choosing PPP projects based on efficiency and the application of advanced technologies. The Group also plans to expand into the fields of high-speed railways and urban railways, while gradually preparing resources to enter international markets. At the same time, ensuring construction material supply remains a priority.
Mr. Nguyen Quang Huy – General Director of Deoca Group speaking at the meeting.
The Group will continue implementing key projects under the direction of Party and State leaders, ensuring progress and striving to shorten construction timelines, while remaining ready to launch new projects once awarded. In addition, the Group will finalize settlement procedures for completed projects and apply an internal assignment - management mechanism for member units and project management boards to better control progress, costs, and profits, alongside establishing a reward-and-penalty system aligned with the three objectives: People Management – Work Management – Benefit Management.
Addressing shortcomings identified in 2025 related to construction planning, business production planning, personnel management, and effective control of materials and equipment will also be among the Group’s key tasks in 2026.
In the construction and installation sector, the target output value is set at over VND 17.8 trillion, with projected revenue of approximately VND 17.5 trillion, representing a 34% increase compared to 2025. Notably, expected profit is about VND 1.34 trillion, up 28% year-on-year. To achieve these targets, a key requirement is to improve the quality of project planning and control from the outset. Project management boards must develop comprehensive master plans covering construction schedules, subcontractor selection strategies, and material - equipment plans to serve as a basis for cost control and periodic efficiency evaluation.
According to the report, the Group’s Executive Board has conducted assessments of investors to identify units with sufficient financial capacity to contribute capital and assume appropriate investment roles in upcoming projects. For subcontractors, evaluations have been carried out for companies currently cooperating with the Group to determine those meeting requirements in terms of capacity and experience, enabling them to undertake additional similar workloads in new projects while promptly addressing underperforming subcontractors.
Regarding People Management, Mr Ngo Truong Nam, General Director of Deoca Group, stated that staffing in 2026 across the system will increase by 8% compared to 2025 to meet the demand of implementing 15 major projects and contract packages simultaneously. Recruitment will be conducted selectively, focusing on peak construction periods.
In particular, the Group will reassign a total of 1,089 personnel from projects completed in 2025 and early 2026 to new projects across the three regions of the country. This screening and reassignment process aims to optimize existing resources, ensure continuity, and improve work efficiency.
Mr. Ngo Truong Nam – General Director of Deoca Group speaking at the meeting.
The Group will continue prioritizing human resource development through training and the cultivation of successor teams. Approximately 35 professional training topics will be implemented in 2026, alongside cooperative training programs in railway development, modern construction technologies, and corporate governance. Doctoral and master’s training programs will continue, including railway bridging programs and the MBA Program – Cohort 2 at the National Economics University.
In addition, Deoca Group will collaborate with Central Colleges of Transport I, IV, and V to train skilled workers and enroll students in practice-oriented bachelor programs, producing hands-on engineers and workers. The Group will also sponsor high-performing students from leading universities with suitable incentive policies.
The Group will actively apply a contract-based labor management model together with a Key Performance Indicator (KPI) system, linking individual responsibility with performance outcomes to enhance labor productivity and control costs. Although the Group’s payroll fund will increase in 2026, the wage-to-revenue ratio is expected to decrease to 5.6%, reflecting the orientation toward resource optimization.
Regarding Benefit Management, according to a report by Mr. Khuong Van Cuong, General Director of Deoca Group, in 2026 the Group will continue working with relevant authorities to finalize procedures for allocating state budget support for projects such as Dong Dang – Tra Linh Expressway, Huu Nghi – Chi Lang Expressway, Bac Giang – Lang Son Expressway, and the Deo Ca Tunnel. At the same time, the Group will restructure loans, reorganize capital sources, and distribute profits to ensure financial capacity.
The Group will also strengthen financial and accounting management, cost control, debt management, capital recovery, and cash flow optimization across the system. Construction costs will be optimized through boundary management of personnel, materials, and internal assignments, while the efficiency of each contract package will be evaluated quarterly.
The overall plan for 2026 projects total system revenue of approximately VND 21.66 trillion, with after-tax profit of around VND 1.606 trillion, representing growth of 27% and 16% respectively compared to 2025. Of this, construction accounts for 81%, operation and toll collection 15%, and other services 4%.
Mr. Khuong Van Cuong – General Director of Deoca Group speaking at the meeting.
In his directive remarks, Mr. Ho Minh Hoang, Chairman of the Board of Directors, praised the spirit of cooperation, responsibility, and efforts demonstrated by Deoca Group’s partner units in recent times. He emphasized that this collaboration serves as an important foundation and a key pivot for determining implementation approaches in 2026.
“We must look directly at existing shortcomings, especially in personnel and management, to clearly define our key priorities. The question is what we must do to achieve success and how to identify risks in cooperation and management in order to make timely adjustments. The spirit is to work together and share both responsibility and risks,” Mr. Ho Minh Hoang emphasized.
Mr. Ho Minh Hoang – Chairman of the Board of Directors of Deoca Group praised the spirit of cooperation, responsibility, and efforts of partner units in recent times.
In discussions with the Advisory Council, the Chairman affirmed that the strength of the organization lies in building a strong corporate culture. The Advisory Council has accompanied the Group and helped shape the organization’s three core values: Aspiration – Perseverance – Gratitude. The Group has also received recognition and support from Party and State leaders for developing Party organizations within the enterprise.
He proposed that the Advisory Council hold meetings to clarify the division of tasks among advisors in supporting the development of corporate culture, pay closer attention to Party development within the enterprise through more practical activities, and participate more deeply in identifying risks and advising on internal control mechanisms within the Group.
Regarding human resources, Mr. Ho Minh Hoang clarified why the Group invests significantly in training:“Our perspective is to transform the practical experience of the enterprise into a systematic body of knowledge integrated into vocational, university, and postgraduate training programs. This forms the foundation for building a strong successor team for future generations. The value created does not remain within the enterprise but also spreads to partners, enhancing overall capabilities. With the strategy of international expansion, nurturing practical knowledge for the next generation over the next 10–20 years is a long-term requirement.”
Concerning Benefit Management, the Chairman emphasized that the Group’s leadership must support partner enterprises in strictly controlling both cash inflows and outflows. He suggested that partners develop specialized training programs on cash flow management and control to strengthen financial governance capabilities, enabling partner companies to develop sustainably alongside the Group.
At the meeting, Mr. Nguyen Xuan Hai, Chairman of the Board of Directors of 559 Expressway Investment Joint Stock Company, representing a partner enterprise of Deoca Group, stated that the Group’s 2026 orientation is clear and detailed, helping 559 Company proactively prepare sufficient human and material resources for the coming year. The company fully agrees with the overall strategy and will continue strengthening its resources to meet upcoming tasks while accompanying the Group.
Mr. Nguyen Xuan Hai – Chairman of the Board of Directors of 559 Expressway Investment Joint Stock Company speaking at the meeting.
Mr. Nguyen Tat Ngan, Vice Chairman of the Board of Directors of 568 Investment Construction Group Joint Stock Company, expressed appreciation for the support of Deoca Group. He emphasized that from a small enterprise, with Deoca’s support, the company has now developed into 568 Group, achieving revenue of more than VND 3.5 trillion in 2025.
“This is a proud achievement for 568 Group. Our enterprise will continue to steadfastly accompany Deoca Group in the coming period,” Mr. Nguyen Tat Ngan shared.
Mr. Nguyen Tat Ngan – Vice Chairman of the Board of Directors of 568 Investment Construction Group Joint Stock Company speaking at the meeting.
Mr. Quach Quang Minh, Chairman of the Board of Directors of Binh Dinh Construction Co., Ltd., thanked Deoca Group for creating opportunities for the company to demonstrate its capabilities and affirmed that the enterprise will continue accompanying Deoca in suitable projects, working together toward sustainable development.
Mr. Quach Quang Minh – Chairman of the Board of Directors of Binh Dinh Construction Co., Ltd. speaking at the meeting.
Concluding the meeting, Chairman Ho Minh Hoang emphasized that the meeting served to clearly define the strategic goals for 2026 based on reviewing past risks and setting directions for a promising year ahead. Building on the existing foundation, he expressed confidence that the leadership, Advisory Council, and partner enterprises of Deoca Group will continue cooperating closely under the principle of People Management – TaskManagement – Benefit Management, working together toward shared success.
By Ly An – Photos: To Hung
