A prominent enterprise in the construction industry in Vietnam, Đèo Cả Group Corporation (Đèo Cả Group), a joint-stock company, currently comprises 20 member companies, primarily divided into five divisions. These divisions cover operations spanning investment, project development, services, manufacturing, and foreign investment. The Group currently employs over 6,000 staff and workers.
Over the past decade, Đèo Cả Group has been involved in the construction of over 22 km of road tunnels, 275 km of expressways and national highways, and six major bridges. It also manages 15 toll collection stations, with a total investment amounting to over 100,000 billion Vietnam dong. Dubbed the “King of Tunnels,” the Group is currently participating in several other key infrastructure projects, including some sections of the North-South Expressway.
Most recently, on April 26, Đèo Cả Group convened a conference with its strategic partners, including investors, contractors, service providers, and educational institutions. During the conference, Đèo Cả shared its business and investment plans for the upcoming years. Specifically, the Group aims to invest in approximately 400 km of expressways and ring roads, with a total investment of over 94,000 billion Vietnam dong, by 2030.
Đèo Cả Group organized a conference with strategic partners, including investors, contractors, service providers, and educational institutions, on April 26. Pictured here, Chairman of the Board of Directors Ho Minh Hoang addressing the conference. Photo: Đèo Cả Group
Additionally, in the construction and installation sector, Đèo Cả Group anticipates undertaking construction and installation projects worth approximately 31,000 billion Vietnam dong between 2024 and 2026, acting as the general contractor. In terms of operations, the Group projects O&M values of approximately 574 billion Vietnam dong annually by 2026, increasing to 957 billion Vietnam dong annually by 2030.
Furthermore, the railway sector offers significant potential for growth. According to the Government’s plan, nine railway lines totaling 2,362 km are targeted for investment by 2030, with an estimated value of 815,000 billion Vietnam dong. Of this amount, approximately 489,000 billion Vietnam dong is earmarked for railway infrastructure construction. The Government also plans to invest in 600 km of metro lines in the two major economic hubs of Hanoi and Ho Chi Minh City, with an estimated value of around 50 billion USD.
Regarding these business plans, several enterprises have expressed their commitment to collaborating with Đèo Cả Group in the future.
Who’s Behind Đèo Cả’s Success?
Mr. Ho Minh Hoang, Chairman of Đèo Cả Group. Photo: Đèo Cả Group
The success of Đèo Cả is closely intertwined with Mr. Ho Minh Hoang, Chairman of the Group. Born in 1972, Mr. Ho Minh Hoang is a well-known figure in the business community, particularly in the roads and bridges sector. Born in Binh Dinh but raised in Phu Yen, Mr. Hoang initially aspired to become a teacher after graduating from Ho Chi Minh City University of Education in 1995. However, he was compelled to pursue business to succeed his family’s legacy when the Hai Thach Construction and Electrical Installation Production Establishment, managed by his father, faced the threat of bankruptcy.
In 2002, Hai Thach Construction and Investment Co., Ltd. was established and quickly achieved remarkable success in the construction sector, gaining recognition for its modern lighting fixtures.
Under Mr. Ho Minh Hoang’s leadership, Hai Thach embarked on a significant turning point in 2009 by venturing into a new domain. The company became the investor and primary contractor for the Đèo Cả road tunnel project. By 2014, Hai Thach Group was formed, operating in multiple sectors with a charter capital of 1,500 billion Vietnam dong. At that time, the Group employed over 700 staff and workers. From 2015 to 2016, Hai Thach Group acquired shares in Saigon Roads and Bridges Construction Corporation (SBRC).
In December 2016, Saigon Roads and Bridges Construction Corporation (SBRC) was officially launched, marking the completion of the Group’s capital restructuring and strategic repositioning.
In May 2018, SBRC was renamed Đèo Cả Group Corporation, undergoing a restructuring aimed at realizing its business and investment strategies, establishing itself as a leading investor and general contractor for major transportation infrastructure projects in Vietnam.
The Đèo Cả Tunnel is one of the notable projects constructed by Đèo Cả Group. Photo: Đèo Cả Group
To date, Đèo Cả Group has executed numerous projects involving complex technical aspects and substantial investment, contributing significantly to economic and social development, as well as national security and defense. Notable projects include the Đèo Cả, Cổ Mã, Cù Mông, and Hải Vân tunnels, as well as the Bắc Giang – Lạng Sơn and Trung Lương – Mỹ Thuận expressways, the Coastal Embankment Tunnel, and the Love Bridge over Cửa Lục Bay.
The Chairman Requires Subordinates to Hold Master’s or Doctorate Degrees
The Chairman of Đèo Cả Group sets high expectations for his subordinates, particularly regarding education and professional development. Photo: T.S
Đèo Cả Group’s Chairman, Mr. Ho Minh Hoang, not only impresses in his role leading the Group’s remarkable growth but also demands high standards from his subordinates. In a resolution regarding the assignment of study and research tasks for advanced degrees to management and operational staff, issued on November 7, 2023, the Chairman of Đèo Cả Group requires that Vice Chairmen of the Board of Directors (excluding independent Board members) undertake doctoral programs in their respective fields and complete their degrees by December 31, 2028.
Furthermore, the Board of Directors of Đèo Cả Group mandates that the Group’s executive team, member units, and the Board of Directors Office (including Heads/Deputy Heads of the Office, Assistants, Secretaries, and Compilers) pursue master’s degrees in their respective fields and complete their programs by December 31, 2026.
In fact, Đèo Cả Group currently has seven Vice Chairmen who all hold master’s degrees in business administration or civil and bridge engineering. The Chairman of the Board of Directors, Mr. Ho Minh Hoang, holds a bachelor’s degree in electrical engineering and a master’s degree in business administration.
