During 3 decades, Hodeco developed and built more than 30 projects, contributing to change the face of Ba Ria – Vung Tau province.
The year 2020 marks the 30th anniversary of the establishment of Ba Ria – Vung Tau House Development Joint Stock Company (Hodeco). During three decades of paralleling the development of Ba Ria – Vung Tau, Hodeco left many outstanding marks, becoming one of the prestigious real estate companies in this market.
Founded in 1990, Hodeco was formerly known as House Development Company of the People’s Committee of the Special Zone – Vung Tau – Con Dao. Developing in the context of the country’s newly opened economy, Hodeco is one of the pioneer enterprises to equitize in 2001, listed on the Ho Chi Minh City Stock Exchange in 2007 with the stock code HDC, contributing to the economic development of the province.
Trade Center in Ward 7 – one of the first housing projects that were synchronously planned in Vung Tau City.
For many years, Hodeco received the “Ngon Hai Dang” award given by the People’s Committee of Ba Ria – Vung Tau province to businesses that have contributed to the local socio-economic development. This investor also contributed to changing the face of the province with the first high-rise apartment project of Vung Tau (15 floors) in 2005, Hodeco Plaza 21-storey tower holding the record for the highest building in Vung Tau for 5 consecutive years (2007 -2011)
According to the representative of Hodeco, the milestone marking the transformation of Hodeco was in 2015. Overcoming the difficult period and crisis of the real estate market, Hodeco expanded the real estate segment, began to deploy the type of tourism – resort with the first project – Fusion Suites Vung Tau. The appearance of the resort project has contributed to changing the face of tourism in the city.
After 3 years of pursuing new standards, this enterprise has won many awards such as Top 30 excellent real estate brands in Vietnam in 2018 by Construction Magazine and Top 60 prestigious product brands in Vietnam’s construction industry voted by Institute of Construction Economic Science. “The series of awards not only affirms Hodeco’s prestige and potential in the field of housing construction and development but also contributes to affirming the reputation of the real estate of Ba Ria – Vung Tau in the market “, said the enterprise’s leader.
Fusion Suites Vung Tau project is invested by Hodeco.
According to this person, after 20 years of equitization, Hodeco’s charter capital is now 665 billion VND, 33 times higher than 2001. In 2019, the total output reached 1326 billion VND, increasing by 20% compared to the previous year. . This investor offers to the market 30 key projects with more than 6,000 real estate products. Outstanding projects are the commercial center of Ward 7, Hodeco Plaza apartment building, the housing area at hill 2, ward 10, Phu My new urban area, Ngoc Tuoc 2 villa area, apartment block A-B at 199 Nam Ky Khoi Nghia, Ecotown Phu My Residential Area Project , etc
Currently, Hodeco is continuing to implement large-scale projects such as The Light City urban area (49 ha), Antares resort complex (19.5 ha), Phuoc Thang urban area (75 ha), etc and continually developing land fund.
Chairman Doan Huu Thuan said that the year 2020 marks the turning point of Hodeco’s transformation with capitalization increasing by 2.5 times compared to the beginning of the year, reaching more than VND 2,100 billion and receiving the first-class labor medal. “The company with new scale is ready to take on new challenges, set a vision to become a leading real estate investment and development enterprise in Vietnam,” he emphasized.
Extending the next decade of development, the Company’s representative affirmed to maintain the core values, put the Company’s reputation first, ensure the legal transparency of projects with the high quality of the project and the fine arts. Besides, the company always attaches great importance to and implements good after-sales policy for customers as well as ensures good remuneration for employees.
Tram Anh – vnexpress.net
