Document No. 2514 / UBND-DA of the People's Committee of Ho Chi Minh City (June 25, 2019) on the construction of the unit price of flood control services in m2 shows that Quang Trung Industry Group Joint Stock Company has proposed to allow or authorize the enterprise to sign a contract to build the unit price of flood control service in m2 with the Institute of Economics (under the Ministry of Construction).

Also in this document shows, the Southern Institute of Construction Economics (the unit in coordination with the Department of Construction of Ho Chi Minh City) proposed to build a service price plan for flood prevention with the proposed price of 3,668 VND / m2 / month.

This is information that is causing a stir, especially the plan of collecting fees against flooding.

So what kind of business is Quang Trung Industry Group?

Silhouette businessman family Nguyen

The formation and development of Quang Trung Industry Group is associated with the name of businessman Nguyen Tang Cuong (born 1960). According to updated data, the Group currently has a charter capital of VND 6,606 billion (down from VND 6,868 billion in January 2019), of which Mr. Cuong is the largest shareholder holding 96,076% of capital. At the same time, he also holds the position of Chairman of the Board of Directors, General Director, Legal representative of the company.

Quang Trung Group is widely known as the operator of the flood-proof pump on Nguyen Huu Canh Street (HCMC). Accordingly, in 2019, the People's Committee of Ho Chi Minh City and the Group signed a contract with a package rental price of 14.2 billion VND / year (previously, the Group proposed a price of 24.4 billion VND).

It is known that the Group's anti-flood pumps have a capacity of 97,000 m3 / hour, which is proposed by Quang Trung Joint Stock Company to the city government. HCM used to prevent flooding on Nguyen Huu Canh Street with the commitment "not all floods, no money".

In addition, Quang Trung Group owns a number of notable projects such as: Implementing the 3TB package "Design, manufacture, installation and operating instructions for all types of cranes", investment projects on public construction. Lai Chau Hydropower Project (Nam Nhun town, Nam Nhun district, Lai Chau province); Construction of a large crane with a capacity of 500 tons at Se San 3 Hydropower project (Gia Lai); To build Hai Ha deep sea port (Hon Mieu, Quang Ninh) in the items of lifting equipment and multi-purpose floating terminal; Study on design and manufacturing technology for multi-purpose deep-water floating port (Ninh Binh province); ...

The Group also owns one of the key projects of Ninh Binh province, the 5-star hotel area Tam Coc - Bich Dong, with an investment of up to 1,043 billion dong. It is known that this is one of 7 typical projects awarded investment certificates by Ninh Binh Provincial People's Committee (December 30, 2015). Update to September 2019, after completing the construction of the raw part, the project was abandoned by the investor for many years. Many project items have shown signs of degradation, overgrown grass, the surrounding iron fence has rusted.

According to the introduction, Quang Trung Industry Group in Ninh Binh has invested and built "Ninh Binh Machine Manufacturing Joint Stock Company with an area of ​​15 hectares, total investment of more than 1500 billion and a system with more than 4,700 m2. berths and yards in Ninh Phuc Port with an investment of 900 billion ”.

It is known that Ninh Binh Machine Manufacturing Joint Stock Company is the investor of the project of adjusting and expanding waterway port phase II (Ninh Binh) with a total investment of 600 billion VND.

- According to Investor Newspaper -