STRATEGIC COOPERATION BETWEEN FECON AND LUNG LO CONSTRUCTION

On the afternoon of May 28, 2024, at FECON’s headquarters, FECON Corporation and Lung Lo Construction Corporation (LLC) signed a comprehensive strategic cooperation agreement, opening new directions in the field construction and development of high-tech underground infrastructure. 

Attending the signing ceremony was Colonel Tang Van Chi - General Director - of Lung Lo Construction Corporation, for the leadership Board of FECON Corporation, including Mr. Pham Viet Khoa – Chairman of BOD, Mr. Tran Trong Thang – Standing Vice Chairman of BOD, along with the leadership of both companies. 

Lung Lo Construction Corporation is one of the construction companies under the Ministry of National Defense. In Vietnam, LLC is the leading company in many fields, including traffic tunnels, hydro-turbine supply tunnels, dredging and construction of river and sea projects, embellishment for industrial parks and big factories, and other national projects. Meanwhile, FECON is trying to find opportunities to promote its strengths in constructing large-scale underground and infrastructure projects, and it is also promoting a search for urban railway and drainage projects, underground construction, and marine works. 

With the resources and advantages of each side, the leaders of the two companies decided to sign a strategic cooperation agreement, which focuses on prioritizing cooperation in underground construction, railways, and marine works.  

At the ceremony, Mr. Pham Viet Khoa affirmed: "FECON will contribute to young human resources and technology and look forward to having the opportunity to learn and cooperate with LLC to create many sustainable value projects for both companies, especially on big projects and important national projects in fields of both sides have advantages." 

Colonel Tang Van Chi, General Director of Lung Lo Construction Corporation, highly appreciated FECON's capacity and experience. According to the signed strategic cooperation agreement, LLC will work with FECON to continue promoting and maximizing potential, positioning, and leveraging other strengths to create a competitive advantage for the two parties in various projects. 

The collaboration between FECON and LLC signifies a milestone in the long-term partnership between the two companies to advance infrastructure construction and contribute significantly to the development of the state economy.