Formation History
2006 - 2014 | DEVELOPMENT AND ACCELERATION
After the first period, HB Group had become a reputable corporation in trading and distribution industry with solid expertise as well as financial and human resources. In second period, HB Group merged some joint ventures to accelerate the business in current sectors and to expand to other sectors. Meanwhile, in the same period, HB focused on making new investments, managing current investments, and restructuring some business sectors including logistics, construction, construction materials production, and real estate. |
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MIEN TRUNG JOIN STOCK CORPORATION (COSEVCO) The industry leader in construction and building materials www.cosevco.vn |
| Location: Da Nang Investment time span: 2011 – 2014 |
After the equalization, HB Group became a strategic shareholder of Cosevco – formally known as Number 7 Construction Company specializing in construction and building material production. Conquering the challenges and difficulties, Cosevco has obtained significant achievement with the Giang river cement brand which occupies 25% market share of Central Vietnam. The brand has presented in not only domestically in central provinces and highlands of Vietnam but also internationally in Bangladesh, Indonesia, and Australia, etc. Outstandingly, the capacity of Giang river plants has achieved 110% comparing to the average of 72% in this sector; and the consumption has increased 30% annually.