COTECCONS COMMITMENT TO BUILD SUSTAINABLE WORKING ENVIRONMENT FOR CONSTRUCTION WORKERS

With a history of 18 years of establishment and development to become a leading construction company in Vietnam, the work force always plays a pivotal role and is a top concern in the partnership strategy and building environment. Coteccons’ site of work

Vietnam’s construction sector is characterized by its reliance on workforces, commonly known as “construction workers.” This force is in charge of the majority of the construction work on projects, which is a skilled and physically demanding job. Hardworking construction workers, on the other hand, are intrinsically less concerned with working conditions. Understanding this, Coteccons is constantly working to enhance the working environment in order to provide a secure income, improve skills, and treat construction workers fairly, respectfully, and compassionately.

Mr. Pham Quan Luc, Deputy CEO of Coteccons, shared: “For the workforce, their first concern is the payment policy, together with other benefits in the working process and environment. At Coteccons, we always prioritize them, even in difficult times, because we know they are the first to suffer when the market is volatile. During this Lunar New Year, the entire industry is experiencing cash flow difficulties due to the influence of the real estate market, but Coteccons will continue to prioritize payment so that workers and employees can work with peace of mind to have a warm and prosperous Tet after the pandemic’s two-year impact.”

Vietnam’s manufacturing industry is rapidly rising alongside the admission of large FDI giants. This is an opportunity for the construction industry, but it also poses a serious challenge to long-term human resources. Construction sites are becoming less attractive than factory jobs for the unskilled workforce due to harsh and unsafe working conditions. This is a big challenge for the construction industry: if it does not create a significant competitive advantage, the importation of this workforce is a possible scenario in the near future. As a leading enterprise in the industry, Coteccons affirms that improving the working environment for construction workers will be a focus of the company’s sustainable development strategy. The first steps are:

1. Ensure a safe working environment

At Coteccons, safety is always a priority; we devote the majority of our time and resources to ensuring our employees’ safety. Furthermore, workers are required to follow Coteccons’ safety policies in order to ensure their own safety while working under the strict observation of the safety supervisory force. Furthermore, periodic (weekly) safety training courses will ensure that the safety information at each step is updated in accordance with the weather, construction stage, or common errors, as well as workers’ reflexes in complying with safety requirements.

2. Provide skills improvement training sessions

Quality, along with safety, has been a guarantee factor at Coteccons’ projects throughout their 18-year history. The organization of periodic skills training courses not only ensures the quality of Coteccons’ projects but also improves the skills of the work force, thereby contributing to the improvement of the quality of Vietnam’s construction industry in general when this construction force participates in the construction of other works.

3. Provide a stable source of income, ensure livelihood

At Coteccons, the work force is the top priority in allocating financial resources and payment policies. For construction workers, their livelihood and that of their families depend entirely on the project situation as well as the contractor’s payment policy. Coteccons has the advantage of a stable source of projects; 50 to 70 are deployed each year, which will bring 20,000 jobs for construction workers.

4. Building a fair, humane and kind working environment

Coteccons engineers work with partners, including the work force, based on the principles of equality, respect, and kindness. Besides work, extracurricular activities such as Green Day, giving warm clothes for cold days, giving Tet gifts, and buying Tet bus tickets for those who need to work late due to progress also contribute to bringing joy to construction workers after long days on the job.

Furthermore, Coteccons introduced innovative ideas in order to collect the contributions of workers by establishing effective communication channels. For example, at the LEGO factory site, they can give comments by scanning a QR code placed throughout the building site or calling the hotline number directly connected to the safety supervisor. Two-way dialogue is a new concept in the industry that workers are still getting used to, but it is an excellent technique to improve interaction between the supervisory engineer and the person directly involved in the construction. This will be applied synchronously across all Coteccons projects in the near future.

About Coteccons Construction JSC

Established in 2004, Coteccons has become a leading construction company in Vietnam. The company has grown both in size and reputation by implementing world-class projects in diverse fields such as residential, commercial, hotel, infrastructure, and industrial. Constantly improving and developing, Coteccons owns four unique and different values, called “COTECCONS INSIDE,” which have created prestige and brand. Specifically, Coteccons upholds its commitment to environmental sustainability in all projects, service and product diversification, customer experience focus and values in the process of operation, and business cooperation.
Website: https://coteccons.vn/
Media contact:
Mr. Nguyen Viet Thang – Head of Press and Shareholder Relations team
Tel: 0965-965-361

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On July 18, 2022, Coteccons Group was honored to be ranked 7th out of 20 companies from the VN100 Index (comprising the 100 largest listed companies in the Vietnamese stock market) that were comprehensively evaluated across the three ESG criteria: environment, social, and governance, announced by the Ho Chi Minh City Stock Exchange.  This achievement is the result of Coteccons being dedicated to conducting our construction operations in a sustainable and responsible manner, prioritizing ESG considerations to minimize environmental impacts, ensure safety and well-being, and uphold ethical and transparent business practices.  You can find the report of InnoLab.Asia here: bit.ly/499Bzrx With a view to enhancing our position to the international standard and competitive capacity in the global market, we follow the path of ESG by our own choice. We are committed to reducing our environmental impacts through sustainable practices. We prioritize energy efficiency, low-carbon emissions, responsible waste management and resource conservation to promote a greener future for all. The commitment of Coteccons Group towards doing sustainable and environmentally friendly business is demonstrated through the completion of numerous projects that have acquired LEED Certificate (Leadership in Energy and Environmental Design). We have a total of 38 projects meeting the standard, namely: LEGO Binh Duong Factory (Platinum), President Place (Gold), Jotun Vietnam Greenfield (Gold), Porsche Center Saigon II (Gold), Diamond Lotus Riverside (Gold), Lancaster Luminaire (Gold), Diamond Crown Hai Phong (Gold), Tetra Pak Binh Duong (Gold), Regina Miracle International Vietnam Factory (Silver), Coca-Cola HCM Site Master Plant (Silver), Marigot Jewlery Vietnam

Construction workers are a priority in the sustainability strategy. According to data from the Ministry of Labor, War Invalids, and Social Affairs, the country has about 7 million construction workers, accounting for 13.5% of the workforce aged 15 and over. Especially, in the construction industry, construction workers are the important people contributing to the creation of iconic projects and works. With the direction of sustainable development, besides taking care of people in difficult circumstances and responding to climate change and community issues, Coteccons realizes that its own employees, construction workers, are also a sector that has received little attention in society. Therefore, Coteccons has decided to launch the “Xay Tet—Construct Tet” program in order to bring a warmer and better Tet to 12,000 construction workers who are working for subcontractors and suppliers at Coteccons’s construction sites. The program will visit nearly 60 construction sites across the country starting on January 4, 2023. Coteccons understands that each construction worker has made great efforts to build solid, safe works and always ensure the progress. That is the reason that accelerates Coteccons to give them and their family gifts, to join hands to build a fuller Tet for all! Besides gift sets for 12,000 workers, the program also organizes meaningful activities such as cutting hair at the construction site, taking souvenir photos, giving free rides back to their hometowns, etc. All these activities are intended to bring short relaxation time to workers during the busy days of running progress on the construction

Nearly 150 employees of Coteccons – Unicons participated in the annual blood donation activity held on the morning of November 23, 2022.   Every drop of blood donated is a hope that is lit for emergency patients. With this spirit, the blood donation program is organized by Coteccons – Unicons Trade Union in collaboration with Binh Thanh District Union and Center for Donation. Ho Chi Minh City’s blood donation took place at Hall G, Coteccons office on November 23, 2022.   This is an annual activity held at Coteccons to show the spirit of solidarity and action for the community of the Coteccons people. After only 4 days, the program has received nearly 150 applications for blood donation from employees. The Humanitarian Blood Donation Program is organized by Coteccons – Unicons Trade Union in collaboration with Binh Thanh District Federation and Ho Chi Minh City Humanitarian Blood Donation Center.   The organization is well-prepared, meticulous, and considerate. Each volunteer who donates blood will do the following steps: obtain a code; assess blood pressure; draw blood; drink sugar tea or have breakfast; and receive a certificate with a gift prepared by the Blood Donation Center. The collected blood units will be transported to the National Institute of Hematology—Blood Transfusion for preservation before being distributed to hospitals and research institutes in the vicinity in order to save people and create medical products. Blood products are used in medicine. Blood donation is well-prepared according to the process of Ho Chi Minh City

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