To succeed in the market, to get high business efficiency and profitability, any enterprise needs to build business strategies. Strategy shows consistency in the business method, to avoid wasting resources on unnecessary activities. It is a management tool to identify priorities or allocate resources to business activities. The strategy is also a basis to build the reasonable organizational structure to support business activities, to be able to carry out the strategic objectives set out, is the foundation for building detailed business plan.

A good strategy should be based on general theories of strategic management and be applied to the actual business conditions and consistent with the enterprise. To choose appropriate strategies, business administrators should analyze internal and external factors in order to find out strengths, weaknesses, opportunities and threats by using tools such as: SWOT matrix, IE matrix and method of scoring.

Thai Nguyen Water Joint Stock Company has just been transformed into Joint Stock Company. As the company has to achieve business targets as other joint stock companies and perform public obligations under the directions and management of the State authorities, it is very essential to develop the company strategy at the moment.

After the research process, we performed the capstone project report: "Building the business strategy for the period 2011 - 2020 of Thai Nguyen Water Joint Stock Company” as a basis for the company to identify its purposes, direction, have policies and business decisions in line with objectives.

Beside the introduction, conclusion, references and appendix, the report is divided into three chapters:

- Chapter 1: Basic concepts on building business strategies.

- Chapter 2: SWOT analysis of Thai Nguyen Water Joint Stock Company.

- Chapter 3: Choosing business Strategy and implementation solutions