UDIC has been named for the TOP 100 Vietnam Gold Star Awards in 2021

DNHN - On the evening of March 30, 2021, at the Vietnam National Convention Center, UDIC Urban Infrastructure Development Investment Corporation - 1TV Co., Ltd was honored to receive the title of TOP100 Vietnam Gold Star Award 2021.

The Vietnam Gold Star Award recognizes traditional Vietnamese brands in international integration and competition. It is organized by the Central Vietnam Young Entrepreneurs Association with the support, guidance, and patronage of the Vietnam Youth Union Central Committee and the Ho Chi Minh Communist Youth Union Central Committee. 

The prize is organized in accordance with the Prime Minister's directive on the implementation of the campaign for international economic integration of young Vietnamese entrepreneurs and young people, and in compliance with the State's organization management regulations. Consider rewarding entrepreneurs and firms with titles and honors. 

Over the course of 18 years (2003 – 2021), 2,127 brands and products have been recognized and granted the Vietnam Gold Star Award. With annual award criteria that recognize and appreciate Vietnamese brands and products that can compete successfully with international products, the Vietnam Gold Star Award has become a symbol of success and reaffirms its position as the brand of the most successful businesses in Vietnam, recognized and appreciated by society and business circles. 

In response to the Covid-19 epidemic, the Vietnam Young Entrepreneurs Association develops a voting program for the Vietnam Gold Star Award in 2021. The voting program incorporates numerous improvements in its execution and voting method to adapt to the present situation. 294 enterprises from 55 provinces and cities across the country were nominated for the prize after being chosen by provinces, cities, ministries, and branches. After three rounds of voting, the Voting Council selected 200 iconic Vietnamese businesses to receive the Vietnam Gold Star Award 2021 in the categories of TOP 10, TOP 100, and TOP 200. 

As one of 200 enterprises honored to win the Vietnam Gold Star Award in 2021, especially participating for the first time in the context of the Covid-19 epidemic having a strong impact on production and business activities of enterprises across the country, UDIC affirms outstanding "health" in the fields of construction, real estate and social responsibility when it is honored to be in the TOP100 Vietnamese brands.

Mr. Nguyen Van Luyen, General Director of Urban Infrastructure Development Investment Corporation UDIC - One Member Company Limited (UDIC) said:”For the first time, UDIC was awarded the Vietnam Gold Star Award by the Vietnam Young Entrepreneurs Association, and UDIC was ranked in the Top 100 Vietnamese Brands. Vietnam Gold Star Award is a prestigious award to honor Vietnamese enterprises and brands in the period of industrialization, modernization and international economic integration. I feel very happy together with UDIC staff and staff. and honored because, this is one of the awards to recognize the development of UDIC over the past 50 years, and this is also the goal for UDIC to strive for the Top 10 athletes in the future”.

In 2021, with the complicated development of the Covid-19 epidemic, appearing on a large scale in many provinces and cities and severely affecting all aspects of social life, UDIC has effectively implemented "dual goals", production and business showed signs of prosperity, basically completed the set targets. For example, the estimated output value: 4,654 billion VND; estimated revenue: 6,059 billion VND; profit before tax is estimated at 1,124 billion dong; pay the state budget 1,024.4 billion dong...

The average income of employees is 8,200,000 VND/person/month, up 2.5% compared to 2020; workers' lives are constantly guaranteed; state capital is preserved and developed; fulfill its budget payment obligations. 2021 is also a year with many important events for UDIC such as the 50th anniversary of its establishment, being awarded the First-class Independence Medal by the Party and State and many other noble awards from agencies and departments. 

In particular, with the outbreak of a new variant, the rapid and complicated development of the Covid-19 epidemic has negatively affected economic activities in general and construction activities in particular. Many localities with social distancing under Directive No. 16 of the Prime Minister have made it difficult for UDIC to find a new construction contract as well as unable to execute, the works on the list to be built must ensure requires "3 sites" or "1 route - 2 locations" this increases input costs...

The quick and intricate evolution of the Covid-19 epidemic, in particular with the advent of a new form, has had a detrimental effect on economic activity in general and construction activity in particular. Numerous localities with social distancing in accordance with Prime Ministerial Directive No. 16 have made it difficult for UDIC to secure new construction contracts and also rendered it incapable of executing; the works on the list to be built must ensure that "three sites" or "one route - two locations" are required, which increases input costs... 

However, with determination, initiative and creativity in operation, production, and management cost reduction, UDIC has helped UDIC execute many construction projects in Hanoi and other provinces and cities across the country. such as: Package of construction, supply and installation of equipment for building C7, Hanoi University of Science and Technology; Development Policy Academy; Headquarters of the State Securities Commission; Building B, Hanoi City Police; Ba Vi General Hospital; Communist magazine in Da Nang; Can Tho University; Ho Chi Minh City Social Security Headquarters; Head office of VCB Thai Binh branch; Residential and commercial services - Hanoi Phoenix Tower - Cao Bang; Kindergarten in plot C4 - South Trung Yen; Nguyen Binh Khiem Secondary School; Vinh Quynh Secondary School - Thanh Tri; Technical infrastructure of industrial cluster CN3; Package 25: Parks, trees, squares in the central administrative area of ​​Hue, etc. 

Additionally, UDIC's Board of Directors has always maintained tight and dynamic employment search directions, ensuring that when the new normal is established, UDIC is prepared to implement numerous significant projects and tasks. As a consequence, UDIC was awarded the offer for 32 works and work items valued at a total of 1,572.9 billion VND. 

Several significant winning projects include the following: Building C7 at Hanoi University of Science and Technology, the Construction Package for the Thu Thiem Zeit River Project, and the Design and Construction of the Project: Renovating and upgrading Highway 4B in Lang Son province; Creating a house fund for auction in Tan An commune, Van Ban district, Lao Cai province; Package of bored pile construction for Hai Giang Merry Land Tourist Area Project; Project of Social Housing Tan Dai Minh 2; Borrowing from the World Bank (WB) Package CW03, CW10 Vinh Phuc Flood and Water Resources Management Project. 

These are also the foundation, creating pillow output for the Corporation in 2022 and the following years. 

Nguyen Van Luyen, General Director, stated that the results obtained in 2021 are a result of UDIC's commitment to building a workforce that is always cohesive, dedicated, and energetic at work. UDIC has always placed a premium on training, assembling a team of professionals with a heart, vision, and appropriate professional ability, and assigning reasonable assignments to maximize work efficiency. 

Additionally, UDIC is committed to cost containment in the building industry. Competitive construction costs will result in higher real estate values, rapid capital recovery, rotation, reinvestment, the potential to win bids, increased competitiveness, and increased production and business activity efficiency. Simultaneously, UDIC has foreseen several challenging situations and developed numerous response scenarios for each step, thereby taking the lead in implementing construction.

Additionally, UDIC reformed the firm through the completion of internal management processes and the reduction of management equipment. Strictly enforcing the inventory and actual assessment of assets, capital, and obligations... prompt resolution of issues and issues. UDIC views debt collection as a routine and continuous task that evolves with the market... 

Only then will there be sufficient financial resources to bid, win the contract, and execute the project with the greatest cost efficiency possible. advancement, technique, and fine art, as well as ensuring that works are completed on time and securely; this has resulted in the establishment of the UDIC brand in the social community.

At the same time, UDIC always cares about social responsibility. Typically in 2021, UDIC contributes nearly 2 billion to the Covid -19 vaccine fund, the fund for the sea and islands, scholarships for disadvantaged children to excel in their studies... Not only that, UDIC projects have also developed. They all pay attention to the sustainability factor. With the goal of sustainable development, UDIC also pays great attention to UDIC's human resource training and retraining activities through training courses to improve the quality of human resources as well as cultural development activities. enterpriseization. 

General Director Nguyen Van Luyen said:“UDIC is where it is today also thanks to society, so in addition to focusing on improving the efficiency of production and business activities, UDIC always aims at social responsibility, in addition to performing political tasks. assigned by Hanoi city, UDIC always has many activities with the community, well implemented social security. That is also the business philosophy of the company: "UDIC infrastructure enhances life””.

Tran Loan