ADB x STEPWELL TECHNOLOGY: GROUNDBREAKING AMID MARKET VOLATILITY

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Despite market volatility, the ADB 'vessel' remains steadfast in its mission to create sustainable constructions. On March 14, the Shoe Foam Factory project in Tay Ninh officially broke ground. This event is a clear testament to ADB's risk management capabilities and our unwavering commitment to standing by our clients in any circumstance.

On March 14, 2026, Anh Duong Building Joint Stock Company (ADB) officially held the groundbreaking ceremony for the Stepwell Technology Factory Project in Tay Ninh Province. The ceremony took place in a formal atmosphere, with the presence of representatives from the Investor, ADB’s Board of Directors, along with engineers and project partners.

The project is being implemented amid significant fluctuations in the construction market, particularly the rising cost of raw materials. In response to these challenges, ADB has demonstrated its role as a Design & Build General Contractor by proactively coordinating with the Investor and proposing appropriate solutions to control risks and ensure project efficiency.

At the same time, ADB is focusing all resources on maintaining construction progress, ensuring that project execution is not disrupted by market volatility. The criteria of Safety – Quality – Progress remain core commitments throughout the project implementation.

The Stepwell Technology Factory Project not only marks the beginning of a new industrial development but also opens up sustainable cooperation opportunities between ADB and Stepwell Technology Co., Ltd. The investment in a modern factory is expected to enhance production capacity and meet the growing demands of the supporting industry for footwear.

The project stands as a clear testament to ADB’s capability and commitment to accompanying clients in delivering high-quality and sustainable construction works amid a volatile market.