Vietnam Business Forum No28 July13 2010: Pacific Corporation - Searching for New opporttunities
As la leader of a large corporation, businessman Phan Van Quy is always thinking of how to diversify his company's operations in a sustainable way to ensure the best future possible for all employees.
Building a multi-field corporation
He started to do business in 2000 with numerous difficulties. Without experience, his two companies went bankrupt. This was the first practical lesson for him in building the Pacific Corporation.
Founded in 2001, after nearly 10 years of construction and development, Pacific Corporation has expanded its business scopes into real estate, finance, industry, commerce and education investment. Pacific Corproration get through the global economic crisis - the worst in decades. Sharing about the effort to lead the Corporation through this period, Mr. Phan Van Quy said: "Pacific Corporation's leaders have outlined many areas to sail the ship of Pacific across the stormy sea". The Corporation joined hands with many domestic and international companies to share their experience and interests for mutual development. Therefore, Pacific Corporation has made resounding success in all its projects, including Ha Phong Urban Zone and Mai Hac De Commercial Centre in Hanoi; Vinh Tan 3 thermal power project and Son My thermal power project in Binh Thuan province. In early 2010, Pacific Corporation cooperated with Hongkong partner to build a plant producing power from wastes in Vietnam.
Priority for education investment
Not only gaining success on the marketplace, Pacific Corporation also conducts social and cultural activities, especially education investment. This is an education inverstment. This is an aspiration of businessman Phan Van Quy to contribute more to society and the community.
Education investment requires a strong financial capacity but it is not profitable in the short term. But, with determination, Mr. Phan Van Quy persuaded his colleagues to work in this new field. He said: "Education investment does not bring a high rate of return for me, but it immeasurably benefits the entire community. The Corporation is taking profits from finnancial and real estate businesses to invest in education".
To make good preparation for education investment, since 2009, Pacific Corporation forged cooperation with leading schools in the United Kingdom, where education is rated best in the world and suitable with the Vietnamese environment. Approaching and applying this education in Vietnam, Pacific Corporation will certainly provide a world-class learning and researching environment.
Every year, Pacific Corporation contributes large sums of money to social and charitable activities. This is a firm foundation for Pacific Corporation to sustain its development, strengthen trust and expand cooperation with domestic and international partners.
Source: Vietnam business forum No 28-Author: Tran Trang