The scope of C47 construction projects highlights the company’s significant role in advancing critical infrastructure across Southeast Asia. As a key associated company of Vu Phong Energy Group, Construction Joint Stock Company 47 (HOSE: C47) is actively shaping the future of regional energy and water management. The company’s current focus involves large-scale hydropower and irrigation initiatives in both Vietnam and Laos, demonstrating its robust capabilities in civil engineering and project management. This article details the progress of the landmark Nam Phak Hydropower Project in Laos and outlines the strategic direction for other key developments, showcasing C47’s commitment to delivering complex, high-value infrastructure that supports sustainable economic growth and resource security.
C47’s Role in the Construction of Nam Phak Hydropower Project
The Nam Phak Hydropower Project, a major development in the Lao PDR, is strategically located on the Bolaven Plateau, approximately 10 kilometers from Paksong town. The project is engineered to harness the 700-meter elevation difference between the plateau and the plain below. Its design involves collecting water from several streams and redirecting it into the Nam Pha reservoir. The comprehensive plan includes two reservoirs and two power generation facilities to achieve an installed capacity of 128 MW.
Construction Joint Stock Company 47 (C47), in collaboration with Song Da 5 Joint Stock Company, is a primary contractor for this venture. C47 is specifically responsible for constructing the Nam Pha, Nam Phak, and Phoupong Dams, with a total contract value of nearly VND 800 billion. To execute this large-scale project, C47 has mobilized an extensive array of resources, including nearly 100 vehicles and machines and a workforce of approximately 200 personnel. Since commencing work, the company has successfully excavated nearly 500,000 cubic meters of soil and rock and has advanced synchronized construction items such as the left and right dam foundations.
Mr. Pham Nam Phong – Chairman of C47’s Board of Directors and Vu Phong Energy Group’s Board of Directors (far right) – discusses construction progress with the Nam Phak Construction Site Command.
C47’s Future Plans and Projects
Looking ahead, C47 has established ambitious targets for its ongoing projects. The construction plan for 2023 requires the excavation of over 3.1 million cubic meters of soil and stone. To meet this goal and maintain project timelines, C47 and Song Da 5 jointly launched a “120-day campaign” to achieve the benchmarks for the first half of 2023. This initiative involves augmenting the workforce and equipment to complete the foundations of the Phoupong and Nam Pha dams on schedule.
Mr. Pham Nam Phong – Chairman of the BOD of C47 – discusses project implementation with Mr. Flavico Campos, Chief Consultant for the Investor of the Nam Phak Hydropower Project in Laos.
In addition to the Nam Phak Hydropower Project, C47 is advancing several other key C47 Vietnam projects to meet its 2023 revenue target of VND 1,400 billion. These include the expanded Hoa Binh Hydropower Project (nearly VND 1,000 billion), the Phu Phong Weir Dam Project (nearly VND 600 billion), and the Hoa Phat Dung Quat 2 Project (VND 440.9 billion pre-tax). The company is also a key partner in the recently inaugurated Ta Hoet water reservoir project in Lam Dong province, a critical initiative designed to supply irrigation for 2,580 hectares of agricultural land and provide domestic water for residents in Duc Trong district.
Mr. Pham Nam Phong (far right) joins representatives from the provincial People’s Committee and other units at the groundbreaking ceremony for the Ta Hoet water reservoir construction project.
Further underscoring its expertise, C47 was the lead contractor for the Dong Mit water reservoir project, which was inaugurated on February 4, 2023, in a ceremony attended by Prime Minister Pham Minh Chinh. As a leading enterprise in Vietnam’s construction industry, C47 has consistently ranked among the Top 500 largest private enterprises (VNR500). With nearly 50 years of experience, the company has mastered advanced construction technologies, including Roller Compacted Concrete (RCC) and Tunnel Boring Machine (TBM) tunneling, which has been utilized for over 15 kilometers of projects. The company’s strong track record includes a significant EPC contract for another hydropower project in Laos, reinforcing its position as a trusted partner for national and international infrastructure development.
