VIR: "Phan Vu and the journey of sustainable development"

Investment Newspaper had an interview with Mr. Phan Khac Long, Chairman of the Board of Directors Phan Vu Group about the Group's roles, responsibilities and sustainable development strategy in 2022 and the following years.

 Mr. Phan Khac Long, Chairman of the Board of Directors Phan Vu Group (third person from the left) presented 10 houses to Ca Mau province

Sir, what role does Phan Vu play in wind power plant projects in the Mekong Delta in general and the 75 MW Tan Thuan Wind Power Project in particular?

First of all, Phan Vu would like to congratulate the 75 MW Tan Thuan Wind Power Plant Project about a solemn inauguration ceremony on April 24th, 2022 in Dam Doi district (Ca Mau province).

This is the first offshore wind power project in which Phan Vu is a contractor for concrete piles for turbine foundation and finishing work for 18 turbine towers of the project. In this project, in addition to the role of the foundation pile construction contractor, Phan Vu is also a major shareholder of the investor CMC, with a total investment value of 20% (equivalent to more than 150 million USD). This is the first wind power project of Ca Mau province to finish in accordance with the Government's regulations.

At that time, a series of wind power plants were invested and built throughout the Mekong Delta region, under pressure to successfully completed before October 31st, 2021 according to regulations, many investors Investors had a lot of troubles to find a qualified concrete pile contractor to supply the turbine pillar foundation.

With the large and stable capacity of 3 concrete pile factories in the South of Phan Vu Group (in Dong Nai, Long An, Can Tho), we always receive the trust of our customers and it is estimated that Phan Vu piles account for 75% of the supply market share in wind power projects throughout the Mekong Delta. Although the pandemic has seriously affected us, we have met the schedule as committed, thereby indirectly contributing to the success of wind power projects.

What is Phan Vu's development strategy in 2022 and the following years and How does Phan Vu restore and maintain its leading position?

2022, the pivotal year of the new normal is expected for post-pandemic recovery. Our mission this year is to focus on completing the goal, filling the gap. It is easy to see that the "gap" in profits of businesses has been deepened by Covid-19, followed by a sharp increase in the price of construction materials and recently, the price of gasoline has also skyrocketed. The gap is widening and it is difficult to fill because of unfavorable macro factors for businesses in the supply chain like us.

However, we understand that challenges are always ahead and we are always ready to move forward with the spirit of Phan Vu, always aiming for bigger challenges and higher goals. With that spirit, for the first time, the Group's sales target exceeded 5000 billion VND. This is a difficult goal at a time when the economy has not fully recovered from the pandemic. Therefore, we focus heavily on large projects such as Ca Mau 1 wind power, a series of projects of leading corporations such as Novaland, Sun Group, and Vin Group. Promote the application of pre-assembled concrete components for many projects, especially industrial factories.

In addition, we always focus on maintaining and expanding the export of concrete piles. Brand reputation helps us to win many big export contracts to Taiwan, Cambodia, Bangladesh. Phan Vu's concrete pile products will continue to increase coverage in more countries in the near future. Leading the market share and reputation are the top core values that we always preserve, maintain and develop as a team.

In your opinion, where is Phan Vu in the roadmap towards ESG business and contributions to the development of the social community?

When it comes to sustainable development, it's easier said than done! For an enterprise operating in the field of construction - construction materials like Phan Vu, it is even more difficult when each activity is required to have more or less impact on the environment, on natural resources (sand, stone, water... ).

Phan Vu's sustainable development journey begins with the investment and development of green energy systems such as hydroelectric power plants (Gia Lai), rooftop solar cells at factories, wind power, technology that does not contain excess mortar on products, reducing emissions to the environment, bringing prefabricated concrete components back to the track to speed up project progress and reduce emissions impact on the environment during the construction process.

Phan Vu Group is like a miniature society, so we focus on doing our social responsibilities internally first such as creating jobs, stable income and taking care of more than 2,000 employees. Charitable contributions and social responsibility are not only implemented for a show, but are regularly maintained by us.

In addition, we also make voluntary contributions from senior leaders to each employee, creating a culture of "sharing", a philanthropic meaning of the Phan Vu family. Most recently, Phan Vu has just donated 10 houses to Ca Mau province and will continue to sponsor many other houses, many scholarships for poor students overcoming difficulties at universities in the country

During the 25 years of developing the Phan Vu brand, we are taking the first steps on the road to becoming a sustainable development enterprise, or even better, an ESG enterprise.

VIR : https://baodautu.vn/phan-vu-va-hanh-trinh-phat-trien-ben-vung-d165128.html

Phan Vu Investment Corporation

Address: No. A2, Truong Son Street, Tan Binh District, HCMC, Vietnam

Email: phanvu@phanvu.com - Phone: +84 (028) 22200884-6 - Fax: +84(028) 22200887

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