COTECCONS BREAKS GROUND YEN PHONG CN14.1 INDUSTRIAL DEVELOPMENT PROJECT  

On January 25, 2024, Yen Phong Industrial Development Co., Ltd. and Coteccons Construction Joint Stock Company held the groundbreaking ceremony of Yen Phong CN14.1 Industrial Development Project at No. 38, Road 9, Vsip Bac Ninh Trade and Service Industrial Park. 

The groundbreaking ceremony was attended by many partners, representatives of the client, consultants, subcontractors, suppliers, and especially the presence of Mr. Benjamin Lam – General Director, Ms. Fion Ng Seok Hoon – Operation Director, Mr. Micheal Chan – Director of Sales & Marketing, Mr. Tran Quang Thanh – Director of Bidding Department, and representatives of the General Contractor Coteccons, Mr. Bolat Duisenov – Chairman of the Board of Directors, Mr. Vo Hoang Lam – CEO, Mr. Nguyen Chi Thien – Managing Director and representatives of the Board of Directors of Coteccons and employees. At this Yen Phong Industrial Development Project CN14.1 steel project, Coteccons is the General Contractor for the construction of warehouses, technical infrastructure, auxiliary items and all mechanical and electrical works.   

The Yen Phong CN14.1 Industrial Development Project marks an important milestone for BW’s business in the North. This is not only the first two-story project of Yen Phong Industrial Development Co., Ltd. in the North and in the upcoming projects, but also the first logistics project of BW in Bac Ninh province. In addition, the Project is developed to meet LEED Gold certification standards, in line with BW’s commitment to green and sustainable development.  

The project is part of BW’s key strategy to accelerate the expansion of its footprint in the North to meet growing customer demand. Strategically located just 45 minutes from Hanoi’s city center with strong connectivity to the expressway network, Yen Phong CN14.1 Industrial Development Project has great potential to become an important logistics hub for manufacturers, e-commerce companies, retailers as well as third-party logistics services.  

Sharing at the ceremony, Ms. Fion Ng Seok Hoon – BW Operations Director, hopes to receive support from major partners such as Coteccons to bring the highest construction standards and quality to this Project.  

Ms. Fion Ng Seok Hoon – BW Operations Director

Sharing at the ceremony, Mr. Vo Hoang Lam – General Director of Coteccons sincerely thanked the efforts of both sides, after a long time working together, they have found a common voice to achieve the first results for the beginning of the new year. “BWID is the first project of 2024 that Coteccons received information about winning the bid, we are extremely respectful and grateful to the Investor for giving us the opportunity to become a part of the project. I am sure that the best people at Coteccons are sitting here and will participate in building this project successfully. I hope you will work together with BWID’s talented team in the spirit of One Team, to learn from each other, exchange openly, and have necessary discussions to find the best solutions for the project” – Mr. Lam added.  

Mr. Vo Hoang Lam – General Director of Coteccons

 Mr. Nguyen Chi Thien shared with the representative of Coteccons Construction Contractor: “I am extremely proud to stand before you to share the joy and great significance of the groundbreaking day of this important project. This is not only a new construction project, but also the first steps marking the special cooperation journey between Coteccons and Yen Phong Industrial Development Company Limited. We are very proud to be the General Contractor participating in this cooperation, especially with a prestigious partner like Yen Phong Industrial Development Company Limited, a leading unit providing industrial real estate platforms and logistics rental services in Vietnam. Coteccons has nearly 20 years of experience in the construction industry, has been constructing many large-scale factory projects, this is also the premise for Coteccons to commit to bringing to this “Yen Phong Industrial Development Project CN14.1” the quality, progress and safety at the most professional level”.  

Mr. Nguyen Chi Thien – Managing Director of Coteccons

The Yen Phong CN14.1 industrial development project not only brings the expectation of top quality of an excellent project, but also demonstrates the power of consensus, methodical cooperation and strong commitment of both parties. Coteccons believes that this close cooperation will create long-term values ​​and lay the foundation for potential cooperation opportunities in the future.  

 

RELATED POSTS

Ho Chi Minh City, February 18, 2025 – In line with our commitment to transparency and best corporate governance practices, Coteccons Construction Joint Stock Company (HoSE: CTD) annouces receiving Decision No. 08/2025/QĐST-KDTM from the People’s Court of District 1 regarding the resolution of outstanding debt at a key project. With this settlement, Coteccons has made significant progress in bad debt recovery and is on track to exceed the commitment made at the 2024 Annual General Meeting (AGM) by the end of fiscal year 2025. This milestone underscores Coteccons’ ongoing efforts in debt recovery and reinforces our sustainable financial strategy, delivering direct value to shareholders and investors. According to Coteccons’ estimation, Vietnam’s construction industry is projected to grow by 13% to 15% in 2025, reflecting a robust rebound from global economic disruptions. Leveraging both industry momentum and internal strengths, Coteccons has set ambitious targets, including a revenue of VND 25 trillion for FY2025 and sustainable annual growth of 20–30% in top line and bottom line over the next 4–5 years. These targets are largely attributed to Coteccons’ “repeat sales” strategy and client-centric approach. By empowering project directors (PD Empowerment) with the flexibility to make agile and innovative decisions, Coteccons has consistently delivered high-quality projects on schedule. This approach has earned the trust of top real estate developers such as Vingroup, Sun Group, Ecopark, Capitaland, and others, resulting in repeat contracts accounting for approximately 70% of awarded projects. The aforementioned accelerated progress in debt recovery has been driven by proactive engagement

COTECCONS ANNOUNCES Q2 FINANCIAL RESULTS: Revenue surges 2.4 times after three years of restructuring International market contributes to revenue sources Ho Chi Minh City, January 24, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) has officially announced financial results for the second quarter (Q2FY2025) and the first half of the fiscal year 2025 (H1FY2025). These results reaffirm the company’s position as an “industry leader” in Vietnam’s construction sector amidst ongoing challenges in the economy and real estate market. Coteccons has started the new fiscal year with remarkable progress, recording revenue from two major international markets—the United States and Cambodia—paving the way for sustainable global growth.  Q2FY2025 Revenue Nearly Matches the Combined Annual Revenue Before Restructuring In Q2FY2025, Coteccons achieved consolidated revenue of VND 6,886 billion, a 21.6% increase year-over-year (YoY). For the first half of FY2025, total revenue reached VND 11,645 billion, up 19% YoY, fulfilling 46.6% of the annual business target set at the 2024 Annual General Meeting (AGM). Gross profit for Q2FY2025 was VND 202 billion, a 19.1% increase YoY. Cumulatively, the company recorded VND 407 billion in gross profit for the first half of FY2025, a 51.1% rise YoY. Gross profit margins for Q2FY2025 stood at 2.93%, consistent with the same period last year, while the six-month gross margin was 3.49%, higher than in FY2024. Notably, Q2FY2025 net profit after tax (NPAT) was VND 106 billion, up 53.7% YoY, marking a return to triple-digit profitability since Q3FY2024. For the first half of FY2025, NPAT totaled

Hanoi, January 8, 2025 – At the VNR500 Awards Ceremony, co-organized by Vietnam Report, Coteccons was proud to receive the prestigious “Top 50 Vietnam The Best 2024” award. The accolade was personally presented by Dr. Alondra Nelson, a global icon of leadership excellence. For over 20 years, Coteccons has been recognized not only as a reputable general contractor behind large-scale, high-quality projects but also as a pioneer in integrating international standards and advanced technologies into Vietnam’s construction industry. From iconic landmarks to complex urban developments, Coteccons has left a lasting mark through creativity, innovation, and exceptional efficiency. As the company enters a new phase of growth, Coteccons continues to enhance competitiveness by investing in technology, talent, and sustainable initiatives. With a pioneering and responsible spirit, Coteccons remains a critical link in the construction industry’s value chain, contributing significantly to Vietnam’s prosperity. The “VNR Top 50 Vietnam The Best 2024” award stands as a testament to the company’s relentless efforts and serves as motivation for Coteccons to forge ahead in creating sustainable value. This year’s awards ceremony was further elevated by the presence of Dr. Alondra Nelson, a renowned scientist and policymaker of global influence. Dr. Nelson formerly served as Acting Director of the White House Office of Science and Technology Policy (OSTP) and Deputy Assistant to U.S. President Joe Biden. She has been recognized on NATURE’S 10 list and TIME100 list of the most influential individuals in artificial intelligence (AI). Her attendance at the VNR500 Awards not only enhanced

84.28-35142277
Contact@Coteccons .vn

GENERAL INQUIRIES​