Groundbreaking Ceremony for the Construction Project to Complete the Infrastructure of Nam Cao University Area
The People’s Committee of Ha Nam Province has just issued Decision 853/QD-UBND on prohibiting the participation in bidding activities of Cienco 4 Joint Stock Group for a period of 4 years from May 6, 2025.
Cienco4 (UpCOM: C4G) was found to have falsified documents during the bidding process for Package 11: Construction Installation under the Investment Project to complete the planning of N1 and D1 roads in Nam Cao University Area. This act violates Point a, Clause 4, Article 16 of the Bidding Law 2023.
Ha Nam Province prohibits Cienco4 from participating in bidding activities for investment construction projects using public investment capital managed and organized by the provincial authorities, including departments, branches, districts, towns, cities, wards, communes, and towns in the province.
The total investment capital for this construction project, according to the invitation to bid, is VND 556.94 billion. The winning bidder was Cienco4 with a contract price of VND 433.68 billion (estimated price VND 492.835 billion, a discount of 12%).
Out of the three bidders, the two unsuccessful ones were: Construction Self-Reliance Joint Stock Company (ranked 2nd with a bid price of VND 465.699 billion) and Dacinco Construction Investment Joint Stock Company (ranked 3rd with a bid price of VND 490.381 billion).
The project aims to complete the planning of N1 and D1 roads in the Nam Cao University Area, connecting key industrial parks in Ha Nam with Phu Ly City and Phu Thu intersection. It is expected to boost the economic development of the northern part of Phu Ly City and attract more educational institutions to the Nam Cao University Area.
Cienco4 is known for its involvement in several large-scale projects, including Quang Tri Airport with a total investment of VND 5,800 billion by the investor consortium T&T – CIENCO4; Package 4.6 with a total investment of over VND 8,100 billion, the second largest package of Part 3 of the Long Thanh Airport project; Yen Xa Wastewater Treatment Plant; and Le Van Luong Tunnel – Hanoi’s Ring Road 3.
“Global Enterprise with Presence in Four Continents Seeks Strategic Endeavor in Vietnam: A Meeting with the General Secretary”
With almost two decades of experience in Vietnam, this corporation has established itself as a prominent player in the local market.
The Capital’s Colossal Venture: Vingroup’s International-Scale Project Nears Completion for its Special Mission
As we approach the special occasion of National Day on the 2nd of September, all eyes are on the upcoming project by Vingroup. This prestigious development promises to be a landmark undertaking, with a unique mission that will be unveiled during the patriotic celebrations. Stay tuned for more details on this exciting venture, as we anticipate a remarkable showcase of expertise and innovation from one of the leading developers in the industry.
“Chairman of Coteccons Meets with General Secretary To Lam in Kazakhstan, Expressing a Sincere Wish”
“Mr. Bolat Dulsenov expressed the corporation’s keen interest in investing in areas where Vietnam has demands. The corporation is eager to explore opportunities and strengthen its presence in the country, catering to the needs of the Vietnamese market and its people.”
“Vietnam and Azerbaijan: Forging a Strategic Partnership”
On the afternoon of May 7th, following a grand welcoming ceremony at the Presidential Palace, General Secretary To Lam held official talks with Ilham Aliyev, President and Chairman of the ruling New Azerbaijan Party.
VPBank Secures a Record-Breaking $1 Billion in Syndicated Foreign Loans
On May 5, 2025, VPBank, or Vietnam Prosperity Joint-Stock Commercial Bank, announced the successful closing of an international syndicated loan facility initially valued at USD 1 billion, with an option to upsize depending on the bank’s future capital requirements.
