Vietnamese construction firm wins bids for 5 social housing projects in Kenya

February 20, 2024

Hoa Binh Construction Group, a prominent construction contractor in Vietnam, announced on Monday that it had successfully secured bids for five social housing projects worth a combined US$72 million in Kenya, Africa. With more than 50 countries and territories, Africa will become the largest and most promising construction market in the world in the coming decades, said chairman of Hoa Binh Construction Group Le Viet Hai. In the near term, the company will concentrate on the social housing sector before transitioning to projects catering to high-end accommodations in the African continent, Hai added. 2023 was a tough year, according to general director of Hoa Binh Construction Group Le Van Nam. He added that after restructuring, Hoa Binh has overcome its most difficult period and its revenue has improved.

The source of this news is from Tuoi Tre News