FPL starts the 4th quarter of the Vin Vu Yen project valuing over 70 bilion VND

In early October 2023, FECON Piling and Construction Joint Stock Company (FPL) signed a contract for 02 new bidding packages at the Vu Yen Island Amusement Park, Housing and Ecological Park Project with a total value of approximately 76 billion VND, invested by Vingroup JSC, with construction site on Vu Yen island, Dong Hai 1 ward, Hai An district and Thuy Trieu commune, Thuy Nguyen district, Hai Phong city. Specifically, two bidding packages include: the bidding package "Supply and construction of PHC piles" - phase 1 worth 7.48 billion VND and the bidding package "Construction of PHC D500 piles and concrete pile vibration" for the river embankment system worth 68.45 billion VND. FPL is the first company of FECON Corporation to undertake the supply and construction of sheet piles. 

As of October 26th, 2023, with urgent progress, project has constructed 120 PHC D500C piles out of a total of 1060 piles with the expectation of completing 620 piles before November 20th, 2023.  

In addition, stressed concrete sheet piles (SW500B) have been constructed 7/1061 times, PHC piles D300A&350A have been constructed 508 times out of a total of 850 times. The SW500B sheet pile construction project is the first time FECON company has participated in the construction, opening up a potential construction field for the company. With the design of long pile piles from 16m to 20m, the management board has arranged three set including vibrator hammers from 90kw-120kw hanging on the service crane 70 ton combined with water jet machines to vibrate stressed concrete sheet piles (SW500B) to ensure construction schedule of Owner. 

Due to design changes during construction, the Project Management Board encountered many difficulties in keeping up with progress. However, at the current stage, FPL is accelerating and confident that they will complete the project according to the assigned schedule. With this project, FPL hopes to continue to further expand the Northern construction area into the North Central region. 

Since the beginning of 2023, FPL has continuously implemented many construction packages at many types of large projects such as the "Hoa Phat Steel Factory" Project (Dung Quat - Quang Ngai), the "Hotel and amusement park complex” project (Ba Na - Da Nang), "Tourism Service Area along the Han River” project (Da Nang), projects in the Phu Quoc area including "Starbay Urban Area", "Vin School", " Park Hyatt Phu Quoc, “Kiss Bridge”, “Lan Anh”. In the context that the construction industry is facing many major challenges, the continuous signing and implementation of new bidding packages has shown the stable business pace of FPL in particular and FECON in general.