Duc Long Gia Lai JSC : Chairman Bui Phap and Delegation of BIDV visits and are working with five companies in three countries, China, Hong Kong and South Korea

In 6 days, from 23-28 / 9, Bui France, Chairman of the Group visited and worked with Duc Long Gia Lai Group affiliated companies, at the same time, working with a number of the Chinese and Korean giant companies to negotiate and cooperate in some key projects. Attending along with Mr. Phap is another 2 senior management members of Bank for Investment and Development of Vietnam (BIDV Gia Lai Branch).

The first stop of the group is Hangzhou province, China. In here, chairman Bui Phap visits and works with ZhefuHolding Group Co.Ltd in order to check the progress and quality of equipment and installation for project Dak Po Ko hydropower (Kon Tum) with a capacity of 18 Mw / h. Zhefu is the main company which takes responsible for the design, manufacture, supply and installation of mechanical and electrical equipment forDuc Long Group's project. Mr. Bui Phaphighly appreciated the professionalism of the company's operations Zhefu, simultaneous the capacity and quality of mechanical and electrical equipment produce by Zhefu companies. Thereby, both parties conducted negotiations and signed contracts to buy equipment installed at hydro plants, Tan Thuong (Lam Dong) with capacity of 22 Mw / h. This trip marked the long-term strategic cooperation between Duc Long Gia Lai Group and Zhefu companies.

Mr. Bui Phap with the management team of Zhefucompany

Shortly thereafter, the group has been visited in the Ansen's office at Hong Kong to inspect the production of components and electronic devices. After hearing Paul Anthony Murphy, the CEO of the company presents a report on their production and business activities and the implementation Ansenfinancial plan, projected cash flow in the near future, Mr. Bui Phap trusts with operating capability and management style of Mr Paul, the company will definitely achieve Ansen revenue targets which appointed by DLG in 2016.

Production activities in China

Also during the travel, the delegation leaders also visit Korea, visiting and working at the company DLG-Hanbitwhich was acquired by DLG in late of June. Mr. Jeff Kim, a CEO of DLG-Hanbithas shown a report about business performance last 3 months, with revenue exceed 20% compared to the assigned plan. This is a positive sign for the operation of electronic components Manufacture of Duc Long Gia Lai in Korea. With this result, expected revenues and profit for the second half of this year would rise at least 20% compared to the set target.

Mr. Bui Phap with the management team of DLG-Hanbit

To ensure companies maintain stable operation, Mr. Bui Phap has direction for all subsidiaries to remember to stick with plans, to further improve operational efficiency and revenue and profit in the components and electronic devices sector.

Also in Korea, Mr. Bui Phap had a meeting with Lotte Group, both parties have a negotiation in order to cooperate to build 100,000 houses in District 2, HCM City and buy LED products installed at those 100,000 houses.

Mr. Bui Phap with the management team of Lotte Group

End of the trip, Mr. Bui Phap to visit and work withPantech Group, Korea. The two parties agreed to cooperate joint venture to produce smartphones for consumption in Vietnam market and export purpose.

Mr. Phap visits Pantechcompany

Through out the trip, it can be seen that the penetration strategy of the Group has been effective and positive. In addition, it also improve the position of DLG in the world.