Besides the aforementioned Phu Phong weir, CC47 has also been involved in the construction of large irrigation projects in Binh Dinh province,including recent works such as the Dinh Binh Dam (Vinh Thanh district) and the Van Phong Dam (Vinh Thanh district). Dong Mit Dam (An Lao district), Tay Son District…

Binh Dinh Provincial Agriculture and Rural Development Project Management Board and Construction Joint Stock Company 47 (HOSE: C47) and members of the contractor consortium signed and awarded contract No. 01-XL: Construction and installation of equipment for the entire work – Phu Phong Dam Project, Tay Son district, Binh Dinh province on September 15, 2021.

This is one of the major projects that the state budget continues to fund in Binh Dinh province. The above-mentioned construction contract is worth more than 600 billion VND, and CC47 will construct all major components of the package. The package is expected to take 28 months to complete.

CC47 continues to affirm its capacity and reputation in the field of construction work, as well as receiving great trust from the Investor and local leaders, with the winning bid, being signed, and awarded the contract. This is the company’s responsibility as well as its honor to contribute to the province’s overall development.

Aside from the aforementioned Phu Phong weir, C47 has also been involved in the construction of large irrigation projects in Binh Dinh province, including recent works such as the Dinh Binh Dam (Vinh Thanh district) and the Van Phong Dam (Vinh Thanh district). Dong Mit Dam (An Lao district), Tay Son District…

Phu Phong Weir Project, located in Tay Son district, Binh Dinh province, has a total investment of more than 750 billion VND. The project’s mission is to ensure the demand for water sources to serve the needs of daily life, agricultural production, industry, aquaculture, improve the ecological environment in the area, create motivation for the development of service tourism, combining traffic in the sub-project area. At the same time, the project also assumes the task of air conditioning, creating a source of groundwater for the area, contributing to embellishing and increasing the value of the historical sites in the region, implementing the national target program on building new rural areas, contributing to local economic development in a sustainable direction.

CC47’s business results in recent years have been quite impressive, with winning bids for many large projects. In 2020, CC47’s revenue increased by 38% to 1,233 billion VND; profit after tax increased by more than 5 times to 18.3 billion dong, more than five times the previous year. CC47 continued to grow positively in the first half of 2021, with revenue of VND 572 billion, up 4%, and profit after tax of VND 17 billion, 2.3 times higher than the same period last year.

CC47 targets VND 1,100 billion in revenue and VND 31 billion in profit after tax in 2021. With its performance in the first half of the year, the company has achieved 52% of its revenue target and 55% of its profit target.

CC47 stock is currently trading around VND 12,000/share on the stock exchange, up 34% from the start of the year. CC47 closed the list of shareholders paying dividends and bonus shares at a total rate of 15% at the beginning of September.

On September 5^th, 2021, the Management Board of Binh Dinh Provincial Agriculture and Rural development, Construction Joint Stock Company 47 (HOSE: C47) and Joint Venture’s members host a Signing Ceremony and awarded Contract Package 01-XL: Construction and Equipment Installation works for the whole project – Phu Phong Rolling Weir project, Tay Son, Binh Dinh Province.

This is one of the large projects which draw the Government investment for Binh Dinh Province using the State Funds. The abovementioned contract has a value of more than 600 billion dong. CC47 is assigned to take up the main work items. The project is expected to be complete after 28 months.

With the procurement winning, contract signing and awarding, CC47 keeps proving the capacity and prestige not only in Construction Industry but also for the Investor, and Local Leaders.  This is responsibility and honor of the CC47 as well as its contribution to the provincial development.

In addition to the above-mentioned Phu Phong rolling weir, CC47 has also participated in the construction of large irrigation projects in Binh Dinh province such as: Dinh Binh Dam (Vinh Thanh District), Van Phong Dam (Tay Son District), Dong Mit Dam (An Lao district)…

Phu Phong  Rolling Weir Project, located in Tay Son District, Binh Dinh province, has a total investment of more than 750 billion VND. The project’s mission is to ensure the demand for water sources to serve the needs of daily life, agricultural production, industry, aquaculture, improve the ecological environment in the area, create motivation for the development of service tourism, combine traffic in the sub-project area. At the same time, the project also assumes the task of air conditioning, creating a source of groundwater for the area, contributing to embellishing and increasing the value of historical sites in the region, implementing the national target program on building new rural areas, contributing to local economic development in a sustainable direction.

Despite the scorching heat and serious impacts of Covid-19, Dong Mit Construction Site is always crowded and busy when the completion day is about to come.

According to Mr. Doan Van Luyen, Deputy Head of Irrigation Construction & Investment Management Board and Supervisor of the Dong Mit Irrigation Project, the current construction process of main work items of the Dong Mit Reservoir, located in An Trung commune, An Lao District (Binh Dinh Province), is nearly completed and is expected to be completed by December 31, 2021.

As of August 15^th, 20121, the Roller compacted concrete work for the right main damabutment of Dong Mit Reservoir had been implemented from the Section No.9 to Section No.18 and up to the EL.104.55m while the left dam abutment had been completed from Section No.1 to Section No.6.

The culvert had been installed to the design elevation of 105.2m and the Contractor is planning to install gates and mechanical equipment for water storage. Shortly, the Contractor shall finish the installation of gates, locking devices, and then switch to construct the Operation Center.

The Dong Mit reservoir’s inlet culvert has now been completed with the body of the culvert; culvert tower to an elevation of 102.2m. The conical valve tunnel, transition wall, and concrete covering are being built in the downstream section of the culvert and tailrace channel. By August 15, the Dong Mit Reservoir project had been installed with steel pipes, conical valves, and successfully loaded. In the coming weeks, the Contractor will continue to build the culvert tower to a height of 105.2m, which is expected to be completed by August 31; at the same time, the Contractor will build concrete covering the sewer pipe and the conical valve chamber at the culvert’s downstream end.

The flood discharge of Dong Mit Reservoir has also been completed with concrete work for overflow surface on EL. 86.10m; completed upstream pylons to the design elevation, and is making plans to install bridge girders. In the coming time, the construction unit will attempt to complete downstream pylons to the design level; continue to plunge the bridge girder of section 3-2, then move to the left bank to plunge the girder of section 1, and install the supply valve from section 3-2-1.

According to Mr. Luyen, up to now, the Dong Mit reservoir has been basically completed, the main dam has been completed with roller compacted concrete, only concreting the top of the dam and the railing remains. Flood spillway has been in the final stage, and is about to move to installation stage of the bridge girders prior to completion. Drainage sluice has also been completed, the  Inlet culvert is only constructed with concrete covering the steel pipe and completing the reinforced concrete part of the channel slope.

“The mechanical works up to this point have completed the fabrication, and the Contractor has finished basic installation of mechanical pipelines of the Inlet culvert, discharge culvert and is installing the overflow gate. Before December 31, 2021, the Dong Mit reservoir project will be completed, tested and put into use. Currently, we are organizing bidding and selecting contractors to execute the last items of the project such as: focal point manager, landscape embellishment, lighting and operation system, automation system. “, said Mr. Doan Van Luyen.

He also stated that because Construction Joint Stock Company 47 primarily employs Binh Dinh residents and does not hire workers from other provinces, they are not affected by the Covid-19 epidemic. This is a significant benefit for the project’s acceleration. Furthermore, after 47 Construction Joint Stock Company finished the main items of the Tan My irrigation system in Ninh Thuan province, all human resources and vehicles were concentrated on the Dong Mit reservoir, resulting in a faster construction progress.

“Right now, we organize construction 24 hours a day, seven days a week, with three shifts working continuously. However, at the moment, we are doing overhead work, and the higher we go, the smaller the cross section of the dam, and the more difficult construction conditions, so the volume of work completed in a single day and night will decrease. As a result, we must make the most of every opportunity to complete the project on time,” said Mr. Duong Minh Quang, General Director of Construction Joint Stock Company 47.

“The construction unit and the investor are also strictly enforcing the prevention of the Covid-19 epidemic at the Dong Mit lake construction site. The construction unit established a Steering Committee for Covid-19 Prevention and Control on the construction site to regularly urge and remind workers to comply with epidemic prevention regulations under the supervision of the Ministry of Health. Local authorities also visit the construction site on a regular basis to inspect and direct the prevention and control of the Covid-19 epidemic,” said Doan Van Luyen, deputy head of the Investment and Construction Management Board of Irrigation 7.5 and chief supervisor of the Dong Mit irrigation project.