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Strategies for Domestic Construction Engineering Companies to go into the Vietnam  

Shin, Eun-Young (한국건설기술연구원 건설관리연구부)
Park, Hwan-Pyo (한국건설기술연구원 건설관리연구부)
Publication Information
Korean Journal of Construction Engineering and Management / v.7, no.2, 2006 , pp. 98-108 More about this Journal
Abstract
The cost of construction engineering field is less than $3{\sim}5%$ of the gross construction cost, it, however, is very important because the performance of final facility depends on the technical ability of construction engineering company. However, as the results of the technical level of domestic construction engineering survey from experts, it was less than 70% of developed country. For this reason, domestic construction engineering companies are confronted with serious problems to go into overseas market. Accordingly, this research analyzed the construction engineering market trend of domestic and overseas in order to suggest the strategies to go into the Vietnam. Moreover, this research identified problems and strategies of making inroads into the world market through the survey from the domestic construction company related to overseas construction, advanced a theory through extensive literature review, and collected extensive opinions through an interview with domestic and foreign experts and business trip. The purpose of this research is to provide market analysis and strategic plan for advancing into overseas market in order to make the domestic construction engineering companies to go into the Vietnam market. Especially, as a plan for the revitalization of advancing overseas market of domestic construction engineering companies, this research proposed Constructing Local Infrastructure, Business Creation of Planning Proposals and Enlarged Plans of ODA(Official Development Assistant).
Keywords
Strategies going onto the Vietnam; Construction Engineering; Official Development Assistant;
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  • Reference
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