Coteccons Announces New Leadership

On November 05, 2021, Coteccons Construction Joint Stock Company (Code: CTD) recently issued a staffing structure that aligns with the company’s diversification strategy and announced a senior staff appointment to the Board of Directors.

With the increasingly fierce competition in the construction field, in addition to focusing on the core business by ensuring and improving the quality of works to approach international standards, the company must rapidly develop new business segments such as infrastructure, renewable energy; expand environment-friendly construction solutions; optimize technology, etc. Strategy to diversify business activities in the field with high intellectual and technological content will require focus on and investment more in human resources. Coteccons identifies people as the key factor and plays a critical role in the successful implementation of the strategy.

With the orientation, Ms. Pham Thi Bich Ngoc was appointed to the position of Deputy General Director of Human Resource Management, with the responsibility to continue appointing high-level human resources to serve the model of diversification and standardization of human resource management platforms such as evaluation system closely linked to business objectives, career development roadmap for employees, talent retention program, salary and benefit system linked to job performance…

Ms. Ngoc has joined Coteccons since May 2021 as a senior advisor to the Board. She graduated with a Master of Business Administration from Solvay University, a BA in English from the University of Social Sciences and Humanities and has 24 years of experience working for leading companies in Vietnam such as Techcombank, Masan, Prudential, MGM Grand Ho Tram, Bayer and Vietnam Airlines. In addition to her primary expertise in human resource management, Ms. Ngoc continues to serve as Senior Advisor to the Board of Directors, leading the transformation of organizational culture and customer experience, localizing training programs; ensuring to inherit the traditional values of Coteccons while meeting international standards.

In addition, the Company also announced that Mr. Michael Tran will be leaving Coteccons as of November 30, 2021, and thank him for his great contribution over the past year. Mr. Bolat Duisenov, Chairman of Coteccons shared, “Coteccons would like to express our sincere appreciation to Mr. Michael Tran for his tremendous contribution to our company over the past year, we recognize and appreciate his competent and professional work ethic, his commitment, dedication, and leadership, especially his great efforts in setting up the team and ensuring smooth operations at the sites. In particular, Mr. Michael Tran is one of the pioneers in building Coteccon’s transformation platform in the past year. Coteccons would like to wish that Mr. Michael Tran will continue to achieve further great success in his new chapter.”

 

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Ho Chi Minh City, June 24, 2024 – Fortune magazine, a renowned global business publication, has for the first time released a list of the largest companies in Southeast Asia. Notably, Coteccons, the largest construction company in Vietnam by scale, has been featured in this list for the construction industry.  FORTUNE SOUTHEAST ASIA 500 CONFIRMS COTECCONS’ LEADING POSITION  Fortune Southeast Asia 500, a list of the top 500 largest companies in Southeast Asia, screens companies through a rigorous process. The indexes are collected publicly and transparently through data provided by businesses to competent state agencies and are re-certified by two third-party independent testing organizations, Refinitiv and S&P Global Market Intelligence. Coteccons, recognized as the largest construction company in Vietnam by scale, appearing on this list reaffirms its leading position in the Vietnamese construction industry. This also attests to Coteccons’ impressive business results and financial strength in a transparent manner.  In particular, this recognition comes as Coteccons prepares to conclude its fiscal year on June 30, 2024. The current business growth trend indicates that Coteccons’ revenue is expected to exceed the 2024 target by more than 20,000 billion VND. With pioneering steps, Coteccons has made its mark with sustainable construction projects, including the Pandora factory—Pandora’s largest factory in Southeast Asia, meeting LEED standards; the Lego Factory—Vietnam’s first carbon-neutral factory; the Suntory Pepsi Factory—a project applying the most modern green technology in the Asia-Pacific region; and the Logos Project—a high-quality complex of warehouses, factories, and offices for rent.  SWEET FRUITS FOR

– In support of the Green Vietnam project, Coteccons pledges to donate one green tree for each athlete who completes 5 km. – 11,000 trees in each province will contribute to the goal of planting primary forests in Quang Binh and Quang Tri.   Ho Chi Minh City, June 18, 2024 – Coteccons Construction Joint Stock Company (HoSE: CTD) in partnership with Tuoi Tre Newspaper, Department of Culture, Sports and Tourism of Long An Province and Dong Tam Company held a Press Conference to announce the launch of the third season of GreenUP Marathon – Long An Half Marathon 2024 with the message “Run beyond the finish line”. The running event is expected to attract more than 4,000 athletes to participate in Can Giuoc District, Long An Province on August 24, 2024, with 3 distances: 5km – 10km – 21km. Accordingly, the Organizing Committee offers a special prize, which is an airplane ticket and a ticket to participate in the Laguna Phuket Marathon, taking place in Thailand in 2025 for the First Male – First Female position at the 21km distance. The first marathon to cross an international port in Vietnam Keeping the criteria of a unique running route, GreenUP Marathon season 3 gives athletes a different experience with a unique running route – through Long An International Port, the export and import center of the Mekong Delta region, or a chance to admire the tallest flagpole in Indochina with a windy view of the Soai Rap river channel,

On April 25, 2024, the Board of Directors of Coteccons Construction Joint Stock Company (stock code: CTD) approved the Decision to revise the business plan for fiscal year 2024 (spanning from July 1, 2023 to June 30, 2024). Specifically, Coteccons sets a new revenue target of 20,000 – 20,500 billion VND, replacing the earlier-approved goal of 17,793 billion VND. This adjustment also translates into a revised post-tax profit goal, shifting from the previous aim of 274 billion VND to 288 – 296 billion VND.  Coteccons announced the decision to raise its new business goal after assessing positive results that maintained the growth trend during the first 9 months of the new fiscal year.  By the end of March 2024, Coteccons’ revenue reached 14,400 billion VND, completing 81% of the planned target. Additionally, profit after tax amounted to 240 billion VND, occupying 88% of the proposed plan. Other financial indicators also demonstrate growth trends, both financially and operationally. Notably, Coteccons has enhanced the quality of accounts receivable by allocating provisions of 180 billion VND for bad debts. Moreover, general and administrative expenses have decreased by 16 billion VND, marking a 7% reduction over the same period. Based on the revised fiscal year, the reviewed financial statements for the first nine months of 2024 reflect Coteccons’ total assets amounting to 20,900 billion VND, of which cash and short-term financial investments account for 14%. Furthermore, adding to its roster of successful bids, Coteccons – Unicons has secured a series of substantial bid

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