COTECCONS AND UNICONS HONORED AS TOP 5 MOST REPUTABLE CONTRACTORS IN VIETNAM AND TOP 5 CONSTRUCTION ENTERPRISES OF THE YEAR 2024 

Hanoi, October 5, 2024 – At the Vietnam Construction Awards 2024 event, Coteccons Construction Joint Stock Company (HOSE: CTD) and Unicons Construction Investment Company Ltd. proudly received recognition in the following categories: Top 5 Most Reputable and Quality Contractors in Vietnam and Top 5 Construction Enterprises of the Year 2024. The awards were assessed and organized by the Vietnam Construction Association, a member of the Vietnam Union of Science and Technology Associations and a member of the Asian Civil Engineering Coordinating Council (ACECC). The awards honor businesses and contractors who have made outstanding contributions to the construction sector. Coteccons leads both categories, reaffirming its position as a top industry player with ambitions to be recognized as the “Industry Leader” in Vietnam’s construction industry. 

The event was attended and chaired by Dr. Dang Viet Dung, Chairman of the Vietnam Construction Association. Other notable attendees included Mr. Bui Xuan Dung, Deputy Minister of Construction; Mr. Le Trung Thanh, Director of the Department of Building Materials (Ministry of Construction); Prof. Dr. Nguyen Van Lien, former Deputy Minister of Construction and Vice Chairman of the Vietnam Construction Association; Mr. Tong Van Nga, former Deputy Minister of Construction and Vice Chairman of the Vietnam Construction Association; Dr. Hoang Van Thang, former Deputy Minister of Agriculture and Rural Development and Vice Chairman of the Vietnam Construction Association; and Mr. Pham Khac Thuong, General Secretary of the Vietnam Construction Association. Also in attendance were representatives from various provincial Departments of Construction, officials, experts, scientists, and a large number of representatives from construction enterprises. 

Deputy Minister of Construction Bui Xuan Dung delivered a speech.
Mr. Pham Quan Luc, Deputy General Director of Coteccons (center), represented the company in receiving the “Top 5 Most Reputable and Quality Contractor in Vietnam” award from Deputy Minister Bui Xuan Dung (left) and Chairman Dang Viet Dung (right).
Mr. Duong Trong Nghia, Coteccons’ Project Director, represented the company in receiving the “Construction Enterprise of the Year 2024” award.

At the forum, Mr. Nghia delivered a presentation titled “The Language Used in Construction Projects – International and FDI Clients,” sharing key factors prioritized by international and FDI investors when selecting domestic contractors, in the context Vietnam is currently receiving significant investments from global enterprises from countries such as South Korea, Singapore, China, Hong Kong, Taiwan, Japan, Denmark, the United States, and Canada. He highlighted the importance of safety, ESG (Environmental, Social, and Governance), Building Information Modeling (BIM), and especially transparency, which are areas where Coteccons has been highly regarded by FDI investors.  

Mr. Duong Trong Nghia presenting at the forum

Also during the forum, Mr. Pham Quan Luc, alongside other experts in the construction field, discussed the macroeconomic context, the Vietnamese construction market, growth prospects for the construction industry, and common trends among civil construction companies. Mr. Luc stated, “Coteccons always strives for sustainable development in all its business activities, with diversification being one of the key pillars. The recent strong growth in the industrial sector is part of Coteccons’ diversification strategy to lead the industry.” 

Mr. Pham Quan Luc speaking at the forum

Achieving the top position in both categories is a valuable acknowledgment of Coteccons’ remarkable progress in the industry, its relentless commitment to innovation, adherence to international standards, and its vision to be & be recognised as “Industry Leader” – driving the industry forward in every aspect and contributing to the development of Vietnam’s construction sector. 

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Ho Chi Minh City, October 30, 2024 – Coteccons (HoSE: CTD) has published Q1 FY2025 financial report, showing impressive growth and securing several major projects that reinforce Coteccons’ leading position in Vietnam’s construction industry. By the end of Q1 FY2025, Coteccons achieved outstanding growth figures, with revenue reaching VND 4,759 billion, a 15.4% increase; gross profit at VND 205 billion, up 105%; and after-tax profit at VND 93 billion, a 39.46% year-on-year increase. Notably, the gross profit margin rose by 1.89%, reaching 4.32%, a result of Coteccons’ focus on high-margin projects and operational efficiencies implemented over the past two years. In recent times, the Debt Recovery Supervision and Risk Management Boards have effectively worked to reverse provisioning and reduce concentration risks. This quarter marks the first time since 2020 that the company has not made any additional provisions for bad debts.  Making strides with major projects in early 2025 Since the start of the 2025 fiscal year, Coteccons and Unicons have secured contracts for numerous large-scale projects across the residential, industrial, and infrastructure sectors, with a total contract value reaching VND 10.3 trillion. This strong start lays a solid foundation for the Company to achieve the business goals for the upcoming period. Notably, repeat sales accounted for 69% of total projects won, particularly with existing clients like Sun Group, Ecopark Group, BWID, and VinFast. Specifically, after successfully completing the foundation phase of the Sun Ponte Residence project with excellent progress and quality, Unicons has been entrusted with the main

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