VitecTRAINING | Financial Mindset in Project Management

In construction, the performance of a project is determined not only by its schedule or build quality, but also by the ability to control costs and financial performance across the entire project life cycle.

At Viteccons, a financial mindset is applied from the very first steps of a project – from reviewing tender documents and taking off quantities to setting unit rates and awarding subcontracts. Decisions made at this stage can have a considerable impact on financial performance throughout execution.

On 29 August 2026, Viteccons held an in-house training program on “Financial Mindset and the Centralized QS Model”, presented by:

Mr. Võ Ngọc PhongStanding Executive Director

Mr. Nguyễn Bá HiệpProject Director cum Head of Cost & Contract Management

Mr. Vo Ngoc Phong speaking at the training session — Mr. Võ Ngọc Phong – Standing Executive Director of Viteccons, speaking at the training session.

Mr. Nguyen Ba Hiep speaking at the training session — Mr. Nguyễn Bá Hiệp – Project Director cum Head of Cost & Contract Management, speaking at the training session.

Three core content areas

The program focused on three main areas: a financial mindset across the project life cycle; the preparation and management of financial reports; and the centralized QS model together with the coordination mechanism for controlling quantities, unit rates, costs and subcontract awards.

The program placed particular emphasis on a shift in how financial data is approached: from “preparing financial reports” to “using financial reports to manage”.

Financial reports should not stop at consolidating and reflecting what has already happened. More importantly, the figures need to become a tool that helps identify issues, assess performance and support the team in making timely decisions throughout project management.

Discussion among the participants

Mr. Do Trong Tuan taking part in the discussion — Mr. Đỗ Trọng Tuấn – Executive Director, taking part in the discussion.

Mr. Mai Ngoc Phuong taking part in the discussion — Mr. Mai Ngọc Phương – Site Manager, taking part in the discussion.

Mr. Nguyen Dang Tuyen taking part in the discussion — Mr. Nguyễn Đăng Tuyến – Site Manager, taking part in the discussion.

Mr. Tu Van Thuan taking part in the discussion — Mr. Từ Văn Thuận – Site Manager, taking part in the discussion.

Participants of the training program — Participants of the specialized “Project Finance” training program.

Through the VitecTRAINING program, Viteccons continues to standardize project management capabilities, strengthen cost control thinking and improve coordination between departments – working toward more effective and sustainable project management.