Development History

2005

Tracing back through time to the days of 2005, a particularly significant date—July 25—marked the birth of PCC5, officially named Power Construction Joint Stock Company No. 5.

In its early days, PCC5 faced numerous challenges and hardships. However, driven by a great ambition and unwavering passion, along with the steadfast leadership and the unified commitment of all its staff, the company has steadily grown and evolved. With resilience and determination, PCC5 has continuously developed, laying the foundation for its strong presence in Vietnam’s power infrastructure industry.

2005

2007

In 2007, through the determination and perseverance of the company’s leadership and the skilled expertise of its construction team leaders and staff, PCC5 successfully executed the Dung Quat Refinery and Petrochemical Plant project. This marked a major breakthrough in the company's development, earning the trust of major international EPC contractors in the construction and energy sectors.

Originally valued at just over USD 1.2 million, the project’s final settlement value reached more than USD 5.8 million. Notably, this was the first project where the French EPC contractor Technip awarded PCC5 a USD 50,000 bonus for meeting critical milestones in both progress and quality—a testament to PCC5's capability and performance on the global stage.

2007

2008

The Phong Dien 1 Wind Power Plant was launched in 2008, marking Vietnam’s first wind power project implemented using German technology. This pioneering effort signaled a major step toward the development of renewable energy in the country.

The company’s leadership devoted their full efforts to the successful execution of the project—from sub-base concrete casting, to foundation pedestal concreting, and concrete curing and maintenance. Thanks to this dedication and attention to detail, the project was completed on schedule and met all quality standards, earning the trust and confidence of the investor.

2008

2010

In 2010, the 110kV Nam Long Underground Cable Project was launched, marking PCC5’s entry into a new and forward-looking market segment aligned with Vietnam's development trend—undergrounding 110kV to 220kV transmission lines in major cities. PCC5 was a pioneer in this field, establishing its brand identity in underground power transmission line construction.

Especially during this period, PCC5 executed the design, construction, installation, and commissioning of two 220kV GIS substations: Binh Tan and Hiep Binh Phuoc. These were the first 220kV GIS substations invested by Ho Chi Minh City Power Corporation (EVNHCMC).

By successfully energizing and bringing these projects into operation with a commitment to safety, quality, and on-schedule delivery, PCC5 laid its foundation in the GIS substation construction market in Vietnam, becoming a trailblazer in high-voltage GIS installation and execution.

2010

2011 - 2015

During this period, PCC5 continued to make its mark across a wide range of transmission line and substation projects from 110kV to 220kV, with notable examples including:

  • 110kV Tan Son Nhat Substation

  • 110kV Tang Nhon Phu Substation

  • 110kV Binh Hoa Substation

  • 220kV Can Tho Substation

  • 220kV Long Bien Substation

  • 220kV High-Tech Park Substation – Phase 1

  • 110kV AMATA – Dong Nai Transmission Line

  • Offshore projects: Bien Dong 1, Hai Su Trang Den, and Su Tu Nau

Particularly noteworthy are two national key projects:

  • Nghi Son Refinery and Petrochemical Complex

  • Formosa Ha Tinh Steel Plant

By participating in and successfully completing these strategic, large-scale, and nationally significant projects, PCC5 has firmly established its brand and market position in the construction and installation sector. The company remains a top choice for major partners and clients, including:

  • Units under Vietnam Electricity (EVN)

  • Vietnam Oil and Gas Group (PVN)

  • International corporations such as HYOSUNG, JGC, ABB, SK, Technip, Siemens, and more

PCC5 has demonstrated remarkable growth, asserting its strengths in technical expertise, project management for large-scale developments, and robust financial capacity—a testament to its leading role in Vietnam’s power infrastructure industry.

2011 - 2015

2018

PCC5 signed the EPC contract for the Long Thanh 1 Solar Power Plant Project – 50MWp, with a total contract value of over VND 1,000 billion. The project was completed and put into operation with a commitment to Safety – Quality – On Schedule, marking a significant milestone and a major leap in PCC5’s development journey.

2018

2020

The company has initiated self-investment in the development of high-tech agricultural farms combined with the installation of rooftop solar power systems in Hau Giang and Kien Giang provinces. These projects not only generate stable revenue for the company but also provide consistent income for its employees, contributing to both economic and social sustainability.

2020

From 2021 to Present

PCC5 has had to overcome numerous challenges since 2021, including the impact of the COVID-19 pandemic, economic downturn, and global supply chain disruptions caused by conflict.

However, thanks to its resilience, extensive experience, and the unified determination of both the leadership team and all employees, PCC5 has successfully navigated these difficulties and delivered key national projects such as:

  • 220kV Tan Cang GIS Substation

  • Long Son Petrochemical Complex

  • 220kV Underground Cable – Hoa Khanh to Hai Chau

  • 110kV Quy Nhon Port Substation

These accomplishments demonstrate PCC5’s capability to adapt and thrive under pressure, further cementing its position as a trusted contractor in Vietnam’s power and energy sector.

From 2021 to Present

2024

PCC5 successfully executed the national key project – the 500kV Circuit-3 Transmission Line – completing it ahead of schedule, by June 30, 2024. Despite being the last contractor to be awarded, PCC5 swiftly transitioned into action, operating under the motto "fast deployment, fast success" to meet the project's urgent timeline.

Thanks to this agile and determined approach, PCC5 became one of the first contractors to complete its scope of work, once again reaffirming its position as a trusted and reputable brand in Vietnam's power sector. This success has further solidified investor confidence in assigning PCC5 to lead and execute future national priority projects.

2024

2025

Building on past successes, 2025 marks a breakthrough year with the simultaneous deployment of numerous major projects, including:

  • 110kV Underground Cable – Con Dao

  • New Construction of 110kV Tay Mo Substation

  • 220kV Binh My Substation

  • 110kV Tam Vu 2 Substation and Connecting Transmission Line

  • 220kV Underground Cable – Dai Mo

  • 110kV Underground Cable – Cam Ranh Airport

  • Installation of Transformer No. 3 at 110kV Cho Lon GIS Substation

  • Installation of Transformer No. 4 at 110kV Long Giang Substation

  • Long Thanh International Airport – Phase 1

  • Electrical System Installation for the Batical 2 Project in collaboration with PTSC M&C

With urgent timelines and the need to mobilize significant resources in both finance and manpower simultaneously, these projects present no small challenge—serving as a true test of PCC5’s capability and resilience, and once again affirming its value and reputation in the industry.

2025