Despite the difficulties caused by the pandemic and the heat of commodity price increases, VINADIC M&E still proved its strong bounce when continuously conquering new feats.
Unprecedented double challenge
In 2020 – 2021, Vietnam’s real estate market will experience unprecedented difficulties. Supply dropped sharply due to the impact of the pandemic and social distancing measures, and transactions in the market often faced disruptions and disruptions. The imbalance of supply and demand occurs in many big cities, especially Hanoi, Ho Chi Minh City, and satellite cities around these two development poles.
Since the end of 2021, Vietnam’s economy has begun to recover with good signals from the real estate industry, when many projects that were delayed in construction the previous time returned to completion. However, difficulties continue to surround contractors when the price of construction materials, especially steel and cement escalates, due to high construction demand but global supply has not been able to keep up.
Until the beginning of 2022, the price increase occurred with all kinds of goods and materials. Under the impact of the war between Russia and Ukraine, the price of gasoline directly affects the cost of transporting raw materials, pushing the price higher.
According to estimates by many contractors, the total cost of construction of a low-rise housing project increased by 15% compared to the previous year, while for hotels, apartment buildings, and office towers, the rate of increase in costs increased by 15%. also in double digits. This directly affects the output price of the market under the impact of high costs, making it difficult for both investors and contractors to calculate investment and construction efficiency.
Overcoming the storm with a proactive attitude
Amidst the unprecedented dual difficulties in history, VINADIC M&E has proved that even though it is a young enterprise in the M&E industry, it is always proactive in response to market fluctuations. Being part of AMACCAO’s construction business ecosystem, VINADIC M&E quickly grasps the fluctuation of raw material prices of input materials. Therefore, the company immediately built many support plans for the investor on the basis of understanding and harmonizing the interests of both parties.
Behind the financial initiative of VINADIC M&E is its impressive business performance. A business representative said that even in the most difficult year of the pandemic 2021, VINADIC M&E also achieved very good revenue growth, up 50% over the same period last year. This figure puts the actual revenue of enterprises under the AMACCAO Group just behind some big men with decades of experience in the industry. When bidding for the project, the investor invites 5 contractors to participate, including VINADIC M&E, showing that the company has won the great trust of Vietnamese real estate investors.
Currently, VINADIC M&E is in the top 10 M&E contractors in Vietnam, becoming the M&E general contractor for large projects such as the SERAPHIN Garbage Power Plant Project with a total investment of nearly 4,000 billion VND, and the AMACCAO Quang Tri Wind Power Plant Project. With a total investment of nearly 2,500 billion VND, the Ethnic Hotel Project – a 6-star Japanese standard hotel, The Nine Project – an American standard apartment complex in Hanoi, The Zei project – The apartment complex Luxury apartment for the leading lifestyle in My Dinh, Green Park Project – High-class apartment complex with fresh living space…
VINADIC M&E pioneers in the new trend of the electromechanical industry
Not only strives to do well in contracts with quality standards as committed, but VINADIC M&E shows the ability to learn quickly and dynamically to accept new trends.
Currently, Vietnam’s electromechanical industry moves very fast to go with the world, including raising a series of standards in products, management, and services. This increase in standard is in line with the fact that Vietnam has more and more 5-star quality projects. Therefore, contractors, from construction to M&E, are all trying their best in a new race of quality to ensure increasingly strict requirements from the investor. And VINADIC M&E does not let me go behind in this new race.
VINADIC M&E has effectively applied the BIM model in projects. Building Information Modeling (BIM) is a model containing building information, serving subjects such as architecture, structure, and electromechanical from the conceptual design phase to the construction and operation phase…
Enterprises use BIM with 3D models to detect conflicts, intersections between disciplines, and project information. Using the BIM model, it is possible to accurately calculate the quantity and parameters of materials and equipment. Therefore, it reduces the cost of installation, operation, and maintenance of the system, increasing the efficiency of the project for the investor.
To effectively apply BIM, the prerequisite is that contractors must have a background in management experience and a team of experts and skilled engineers. With VINADIC M&E, inheriting the capacity of facilities, production capacity, a team of experienced engineers, and management personnel from the parent group AMACCAO has greatly helped VINADIC M&E to build a solid base. to actively undertake bidding packages for the supply and installation of M&E systems in the new trend with the application of BIM in project implementation.
In addition, the development of high-tech M&E in Vietnam is related to construction trends with green quality certifications such as LEED, and LOTUS certificates…, VINADIC M&E is accompanied by consulting solutions for investors to achieve these international certifications for the work.
This field has strong participation and development of foreign M&E product suppliers in Vietnam as well as the continuous development in quality and scale of large domestic production units such as EUROPIPE, VONTA, NOVO-VIETNAMESE have raised the bar for electromechanical items. Currently, VINADIC M&E cooperates with the leading LED and Electrical Equipment Manufacturer, VONTA, to develop smart electrical products for buildings.
Two difficult years under the influence of the Covid-19 pandemic bring many challenges but also many opportunities, it is time to confirm which businesses have real, strong, and sustainable potential. The methodical investment process that has shown success even during the Covid-19 period will also be an important springboard for VINADIC M&E to develop stronger, improve quality, and complete the goal of the top 3 M&E general contractors. best in the north and the top 5 in the country.
See more in other newspapers:
- Vietnamnet newspaper: https://vietnamnet.vn/tong-thau-co-dien-vinadic-m-e-va-co-hoi-vuot-bao-hau-covid-19-2011352.html
- Xay Dung newspaper: https://baoxaydung.com.vn/vinadic-me-tong-thau-co-dien-va-co-hoi-vuot-bao-hau-covid-19-330694.html