China’s Leading Construction Conglomerate Joins Vingroup to Build Tu Lien Bridge, Eyeing Major Projects in Vietnam’s Third-Largest Megacity

Recently, the leadership of Hai Phong City held a meeting with the China Pacific Construction Group, led by its founder, Mr. Yan Jiehe.

During the meeting, Mr. Le Tien Chau, Secretary of the City Party Committee, requested the China Pacific Construction Group to further explore and collaborate with the city’s departments to materialize potential cooperation opportunities. This includes considering key transportation projects aligned with the city’s spatial development plans and investment needs.

Mr. Yan Jiehe, founder of the China Pacific Construction Group, praised Hai Phong’s robust development, particularly its advancements in transportation infrastructure, seaports, logistics, and smart urban construction.

He urged the city to facilitate the group’s investment activities and pledged to ensure project timelines, quality, and efficiency, contributing positively to the city’s socio-economic growth.

The China Pacific Construction Group expressed interest in researching and investing in high-potential sectors such as: the Hanoi – Hai Phong – Quang Ninh high-speed railway; the East-West connectivity route; the Gia Binh Airport – Lach Huyen Port axis, along with logistics, water treatment, and urban flood control projects.

Founded in 1995 by Mr. Yan Jiehe, China Pacific Construction Group specializes in infrastructure investment and construction projects.

The group holds China’s Level 1 certification in areas such as highway construction, urban development, hydraulic engineering, and architecture.

Ranked 96th among the global top 500 enterprises and 19th among China’s top 500, it is the second Chinese private enterprise on the global 500 list.

Currently, the group operates approximately 3,000 industrial zones and urban projects across China, achieving nearly $80 billion in revenue by 2023.

In recent years, the group has expanded internationally, particularly in ASEAN, Central Asia, and Eastern Europe, with major projects like subways and high-speed railways in Ukraine, Iran, and Malaysia.

The group comprises over 500 joint-stock companies and more than 100 overseas investment firms globally.

In Vietnam, the group established a representative office in April 2019 and founded Pacific Construction Vietnam Co., Ltd. in September of the same year with a charter capital of $500 million.

The group has engaged with provinces such as Bac Ninh, Lao Cai, Lang Son, Tuyen Quang, Hung Yen, and Thanh Hoa to explore investment opportunities in transportation infrastructure, logistics, and industrial zones.

In May, the China Pacific Construction Group was part of a consortium awarded Package 09/TP2-EPC for the design, supply, and construction of the Tu Lien Bridge and its approach roads, connecting Nghi Tam and Truong Sa streets.