Construction Joint Stock Company 47 (HOSE: C47) has just been honored in Top 500 Largest Private Enterprises in Vietnam in 2023 under VNR500 Ranking, marking the 16th consecutive year of this achievement.

Announcement ceremony of VNR500 Ranking (including Top 500 Largest Enterprises in Vietnam and Top 500 Largest Private Enterprises in Vietnam) and Top 10 prestigious companies in each industry in 2023 took place on afternoon of January 18, 2024, organized by Vietnam Report JSC in coordination with VietNamNet Newspaper – Ministry of Information and Communications.

VNR500 Ranking honors enterprises made great contributions to development of Vietnam’s economy, following Fortune500 model. The ranking is based on results of independent research and evaluation according to international standards of Vietnam Report, and has been annually periodically announced since 2007 under the advice of domestic and foreign experts.

As a leading enterprise in construction sector, with its scale, reputation and extensive capacity, C47 was honored in Vietnam Top 500 Largest Private Enterprises in the second year of VNR500 Ranking – 2008. Since then, C47 has maintained this excellent achievement for 16 consecutive years, and is currently one of 42 construction enterprises in Vietnam Top 500 Largest Private Enterprises in 2023.

It was known as a company with nearly half a century of tradition in construction sector, especially with outstanding capacity in construction of irrigation and hydropower projects. In recent 15 years, C47 has completed more than 30 irrigation and hydropower projects nationwide with total value more than VND20,000 billion. Presently, C47 is also taking part in a series of large-scale projects such as: Hoa Binh Hydropower Plant Expansion Project (Hoa Binh province), Hoa Phat Dung Quat 2 Iron and Steel Complex Project (Quang Ngai province), Tan An – Dap Da Irrigation System Project, Phu Phong Dam Project, Cat Tien – Diem Van Coastal Road Project (Binh Dinh province), Ta Hoet Reservoir Project and Ka Zam Reservoir Project (Lam Dong province), etc.

Not only executed the key projects valued thousands of billions of VND in Vietnam, C47 has also initially made its mark in regional markets. In Lao PDR, C47 is currently participating in Nam Phak Hydropower Project, constructing Nam Pha, Nam Phak and Phouphong dams of the project – totaling nearly VND800 billion. C47 is also joint ventured with Power Engineering Consulting JS Company 3 (EVNPECC3) for the EPC Contract “Engineering, Procurement and Construction” for Nam Neun 1 Hydropower Project, Lao PDR, valued USD184,999,999.

In parallel with promoting the influence expansion in the international market, in the green transition trend, towards sustainable development, C47 is also stepping up participation in new business segments related to renewable energy, reducing greenhouse gas emissions projects, etc. especially with companionship of Vu Phong Energy Group – a major shareholder of C47 (via its subsidiary company – VP Invest). Currently Vu Phong Energy Group is actively accompanying enterprises in the green transition journey with variety of solutions, notably rooftop solar solutions; registration for issuance & trading of Renewable Energy Certificates (RECs); ESG practice consulting, etc.

Shared by Mr. Pham Nam Phong – Chairman of C47’s BOD, also Chairman of BOD of Vu Phong Energy Group, in the coming time, C47 will continue to promote its core competencies in construction of irrigation and hydropower works to affirm its reputation in both the domestic and regional markets. C47 will also promote the activities and business segments associated with green transition and sustainable development. Taking advantage of its strengths and extensive experience in clean energy, Vu Phong Energy Group will accompany C47 as well as enterprises in Vietnam, especially VNR500 enterprises, on that journey, to develop sustainably and reach further, affirming the capacity and position of Vietnamese enterprises in the regional and international markets.

Phu Phong dam project was commenced on February 15, 2022. As of date, the JV Contractor for Package 01-XL, led by Construction Joint Stock Company 47 (HOSE: C47), has completed important work items of the project, reached over 80% of the project workload, specifically: Completed the gated spillway; Labyrinth free-overflow spillway; Stilling pond retaining wall; Upstream wing wall; Consolidated the gated spillway yard, concreted Labyrinth spillway downstream; Supported the bracing frame of Labyrinth spillway downstream, Backfilling Dam body, etc.

Phu Phong Dam is a key irrigation project of Binh Dinh province, the Employer is Binh Dinh Agricultural and Rural Development PMB, built in Tay Son district, Binh Dinh province. Immediately after the groundbreaking ceremony, C47 focused on labors, arranged construction equipment suitable for many types of specialized, modern equipment, organized effective construction, thereby speeding up the construction progress, with the excavation and filling volume of more than 551,971 m3 of soil and rock, 98,205 m3 of concrete and 2,234 tons of steel in all types.

According to Mr. Tran Dang Khoa – Site Manager of Phu Phong Dam Project, the Central provinces have just encountered 2023 flood season, with construction works on the river, so somewhat affected the project schedule, but under the strong direction of the C47’s BOD and Management Board, along with the determination and high concentration of the staff, workers and employees on the construction site, the project has been overcome the flood condition safely. Currently, the construction site is arranged with many construction teams, focusing on speeding up the progress of following items: Valve System, Bridge Deck, Earth filling for Left abutment, Construction of downstream wing walls, Consolidation of upstream slope for Dam Left abutment and completion of the project.

Phu Phong Dam project totaling more than VND754 billion, of which the budget from the Central is VND550 billion, the rest is from the local budget. Package 01-XL has scope of works included: Dam on river by R.C, total length of dam in horizontal is 590.50m, totaled 20 gated cells, each cell is 15m wide, flat steel gates operated by winches;  Intake on right dam abutment, with gates opened and closed by electric screw machines; Traffic bridge on Dam with gross width of B=10m including 30 spans, main beam made of prestressed R.C, total bridge length of 590.50m; Main irrigation canal with total length of 7,082.6m; Dam H&M equipment; Rainstorm water collection and drainage pipeline; Power Supply System for Operation and Management; Bank and downstream protection dykies, etc.

Besides of the task of ensuring stable water supply and irrigation for 450 hectares of agricultural and industrial land, serving the needs of daily life, aquaculture, and improving the ecological environment in the region, Phu Phong Dam project also connecting the traffic on both Kon River banks from NR19 to NR19B then to Phu Cat Airport and connecting Tay Son district center with the district northern communes and the western communes of Phu Cat district, creating favorable conditions for trade and contributing to promoting the local socio-economic development. At the same time, the project also undertakes task of regulating the air, creating a source of underground water for the region and contributing to the National Goals Program on the new rural construction, developing the local economy in a sustainable manner.

On November 23, 2023, Lam Dong Provincial People’s Committee held Groundbreaking Ceremony for construction of Headworks – Ka Zam Reservoir Project in Don Duong District, Lam Dong Province. Construction Joint Stock Company 47 (HOSE: C47) participated as a member of the joint venture contractor, who undertaking construction of the Package No. 12: Construction and Installation of Headwork Items, with total value of VND198,822 billion.

Ka Zam Reservoir Project is Group B project, an agricultural and rural development project of which the Headworks is grade II, the Canal system is grade IV, built in Ka Do commune, Don Duong district, Lam Dong province. Package 12 is the largest package of the project, with the scope of works including: Construction of Earth Dam with crest length of 280.7m, crest EL.+1,066.00 m, width of 8.0m; Piano Type Free-flow Spillway with its sill EL.+1,063.5 m; Intake Item with its inlet sill EL.+1,044.50 m; the access road combined with management, operation and bypass road for reservoir flood is 2,578m long; Operation Electricity; Management House and Monitoring System. Construction time is 820 days.

Upon completion, Ka Zam Reservoir will provide irrigation water for 818 hectares of agricultural land, including 67 hectares of rice and 751 hectares of vegetables and crops; aquaculture, flood reduction and landscape improvement, etc.; create domestic water supply for Ka Do commune and surrounding areas; supply water for Ka Do Industrial Cluster with capacity of 2,500m3/day and night.

Over 48-year journey of formation and development, C47 has gradually mastered the construction technology of irrigation, hydroelectric, civil and industrial works national widely. Among them, there were new technologies deployed for the first time by C47 such as the Roller Compacted Concrete (RCC) technology, Tunnel Boring Machine (TBM) technology, etc., with a lot of important projects costed thousands of billions of Vietnamese dongs which highly appreciated by the clients and the Authorities. Over years, C47 has won the trust of many partners and clients, and has been trusted by the project owners to awarded as the contractor for construction of many irrigation and hydropower projects nation-wide. Each project undertaken by C47 ensured the economic efficiency, on-schedule progress, quality assurance, and technical and aesthetic strict requirements, while ensuring the working safety and environmental protection.

With long tradition in the sector of construction of irrigation and hydropower works, C47 has being and is making an important contribution to the management and effective use of water resources, ensuring water security, and reservoir and dam safety to sustainably serve production and people’s lives. Therefore, Goal 6 (Clean Water and Sanitation) is one of the important Sustainable Development Goals that C47 always strives towards in its development journey.