CONINCO – Contributing to promoting the socio-economic development Laos

After nearly 20 years of effective cooperation with key projects and nearly 10 years of construction and development in Laos, Consultant and Inspection Joint Stock Company of Construction Technology and Equipment - CONINCO in general and Consultant and Inspection Sole Co., Ltd of Construction Technology and Equipment (CONINCO-Laos) in particular has contributed to promoting the socio-economic development of Laos and promoting the great friendship and special solidarity. and comprehensive cooperation between Vietnam and Laos. To find out more information, the reporter had an interview with Mr. Nguyen Dac Phuong - Deputy General Director of CONINCO, a person who is very passionate about the country of a million elephants.

Reporter: Over the past 43 years of construction and growth, CONINCO has been constantly developing, creating a brand, and a strong foothold in the construction market in Vietnam in particular and the world in general, especially in Laos. Can you share more about the development of CONINCO in general and CONINCO Laos in particular?

Deputy General Director - Nguyen Dac Phuong: Established in 1979, CONINCO is a construction investment consulting enterprise operating in many fields and industries both domestically and internationally. With the philosophy of "Definitely for the future", CONINCO always aims at sustainable development for the company itself, for customers and the community. CONINCO has cooperated with more than 100 large corporations and companies from countries such as Japan, UK, France, USA, Germany, Switzerland, Australia, Canada, Korea... to successfully implement projects. large, domestic and regional focal points, marking the development and affirming the leading position in the field of supervision consultancy, project management, inspection, design... international level.

With its prestige and experience, since 2004, CONINCO has been entrusted by the Governments of Vietnam and Laos to carry out many important projects such as: Office of the National Assembly of Laos, Friendship High School. Laos - Vietnam, Dong Kham Xang Financial School... These are all national and symbolic works.

On November 26, 2011, with the high consensus of the leadership board along with the support, encouragement and help of the two countries' management agencies, Technology Consulting, Equipment and Construction Inspection Co., Ltd. CONINCO Laos was officially launched in Vientiane Capital. Thereby not only strengthening the position and brand but also affirming CONINCO's long-term commitment and sustainable development orientation in the country of Million Voi.

Reporter: Why did CONINCO choose Laos as a market to expand investment? What are the difficulties when starting to set foot in this market, sir?

Deputy General Director - Nguyen Dac Phuong: We chose Laos as the first investment destination because of the special traditional relationship between the two countries. This is considered a "priceless asset" of the two nations. On the other hand, in terms of geographical location, Vietnam and Laos are adjacent to each other, so it is very convenient for transactions and travel. Economically, although GDP grows by about 6.8%/year, the economic structure of Laos is still the main activity. Besides, in terms of mechanisms and policies, the Lao government and people are making every effort to develop comprehensively; create conditions for foreign partners to invest and develop. This is an opportunity for CONINCO to approach projects faster and more effectively, contributing to bringing a new face to your country.

When CONINCO first arrived in Laos, there were many difficulties in culture, language and differences in construction technical standards. However, in order to successfully implement the Company's development strategy and wish to support your country in projects, CONINCO has mobilized consulting engineers with good expertise and enthusiasm for the work. Currently, CONINCO engineers have completely integrated into life in Laos, mastering construction expertise, standards and regulations to implement projects here.

Up to this point, CONINCO can confidently confirm that expanding the market to Laos is a right step. CONINCO in general and CONINCO Laos in particular are proud to have made an important contribution to strengthening the great friendship, special solidarity and comprehensive cooperation between the two peoples.

Reporter: Over the years, how has the parallelization of economic activities with community social work been implemented by CONINCO, sir?

Deputy General Director - Nguyen Dac Phuong: With the initial orientation of both expanding production and business, and contributing to promoting socio-economic development, the coordination and support of Lao engineers to improve professional capacity has always been a priority. company focuses. In addition, CONINCO always actively participates in charity programs, supporting Lao friends in disease prevention, flood disaster and other social security activities.

In particular, CONINCO always aims at bilateral relations projects, projects to improve the social environment and towards the community in Laos. In recent years, CONINCO participated in the Fourth Greater Mekong Subregion Corridor Cities Development Project (GMS4-CTDP) funded by ADB for Laos as an international consulting firm. This is a project that requires high technical requirements, needs a team of experts with expertise, experience and foreign language ability. Recently, despite the complicated developments of the Covid-19 pandemic affecting the implementation process, CONINCO still flexibly implemented projects continuously and effectively with a commitment to providing quality services. meet requirements and schedule.

Reporter: In the coming time, CONINCO will actively research and seize opportunities to increase the scale and efficiency of investment in Laos as well as promote bilateral relations between the two countries?

Deputy General Director - Nguyen Dac Phuong: Over the past 60 years, the cooperation relationship between Vietnam and Laos has increasingly expanded and developed, bringing good benefits to the people of the two countries. In recent years, that relationship has become more and more practical, effective and sustainable in all fields, becoming a model relationship in international relations.

In the coming time, the Lao construction market promises to continue to develop with capital sources not only from the Government and investors in Laos but also from aid sources from Vietnam and international organizations (World Bank, ADB, JICA…). This is an opportunity for foreign businesses in general and CONINCO in particular to approach, promote and develop. CONINCO has prepared both human and material resources to carry out important projects in Laos. In addition to capable and experienced consulting engineers, CONINCO also owns a force of experts working in ODA projects from international organizations. In the near future, this team of experts and engineers will contribute to projects in Laos, especially international projects focusing on issues of improving the social environment, combating climate change. Queen….

On the path of future development, CONINCO hopes to always receive the trust, support and support from the Governments and peoples of the two countries, have the opportunity to access information and link through forums and associations. investment, trade promotion, specialized seminars, etc. Thereby continuing to contribute to the local socio-economic development in particular and the special traditional relationship between the two countries in general, so that the relationship Vietnam-Laos relations developed well according to the wishes of President Ho Chi Minh:

“Vietnam – Laos, our two countries”

Love is deeper than Hong Ha - Cuu Long".

Reporter: Thank you very much!

Some projects CONINCO participates in implementation in Laos:

- The 4th Greater Mekong Subregion Corridor Cities Development Project (GMS4-CTDP)
- Candy Cow radio and TV station
- Mining and processing salt in Khammouan and Xaibuoli, Savannakhet, Laos
- Office of the Lao National Assembly House
- Laos - Vietnam Friendship High School
- Luang Prabang high school construction project
- Faculty of Vietnamese - Vientiane National University
- Lao National Sports Training Center
- Dong Kham Xang School of Finance
- Sacombank Laos branch
….
Source: https://vccinews.vn/news/44665/coninco-gop-phan-day-manh-cong-cuoc-phat-trien-kinh-te-xa-hoi-lao.html