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Press Release Source: Cavico Corporation CVCP


Vietnam's Cavico Corporation Interviewed by CEOCast.com
Wednesday July 12, 8:30 am ET


VP and Treasurer Mr. Hung Manh Tran Discusses the Company, Its Market and Its Objective to Grow to USD $500 Million in Revenues Over the Next Five Years


LOS ANGELES, CA and HANOI, VIETNAM--(MARKET WIRE)--Jul 12, 2006 -- Cavico Corporation (Other OTC:CVCP.PK - News), a Vietnamese company working in the fields of infrastructure development, including the construction of hydropower facilities, dams, bridges, roads, mines and urban buildings throughout Vietnam and the Pacific Rim, has updated the investment community on June 29, 2006 in an interview with CEOCast.com, http://www.ceocast.com. A transcript of the interview is available at: http://www.cavicocorp.com/ceocast.html.
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Mr. Hung Manh Tran, VP and Treasurer of Cavico, speaking on behalf of and with the authority of Mr. Bui, CEO of Cavico, discussed the company's beginnings, the industries in which it operates, the Song Tranh 2 Bridge project, Cavico's growth and acquisition strategy and the company's objective to achieve USD $500 million in revenues over the next five years.

"Vietnam's new economic policies, coupled with the opportunity of finally becoming a WTO member, has economists within the country forecasting an 8% GDP increase year over year," stated Mr. Tran. "Many of Vietnam's laws and policies are changing to create a better investment environment and attract foreign capital." He added, "These changes are already creating a boom in construction, with a total construction budget of between USD $500 million to USD $5 billion within 5 years. The investment requirement in the energy and mining sectors is estimated to be between USD $20-$30 billion over the next 10 years. Cavico is aggressively pursuing infrastructure contracts throughout the country."

To hear the interview in its entirety, visit http://www.ceocast.com. More information about Cavico is available on the company's website at: http://www.cavicocorp.com.

About Cavico Corporation

Cavico (www.cavicocorp.com), founded in 2000, is a major infrastructure construction, infrastructure investment, and natural resources conglomerate headquartered in Hanoi, Vietnam. The company is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, and urban community developments. One of the company's primary competitive advantages is its ability to nurture a project "from concept through completion" with a vertical portfolio of interrelated investment, permitting, design, construction management, and facility maintenance services. Cavico's project partners often include top multi-national corporations as well as government organizations. The company currently employs more than 3,000 people.

Vietnam's transition to a market economy has generated rapid economic growth. The country's impending ascension to the World Trade Organization is likely to provide an additional boost to economic growth and a further acceleration in the country's current infrastructure construction boom. The aggressive development of Vietnam's energy, transportation, and urban infrastructure is absolutely essential to the country's ability to compete internationally, and this aggressive build-out is creating huge growth opportunities for infrastructure construction companies such as Cavico.