Coteccons Construction JSC appoints a new CEO

The Board of Directors (BOD) of Coteccons Construction JSC has decided to promote Mr. Vo Hoang Lam, a current board member, from the position of Deputy General Director to CEO of the Company from August 5, 2022.

Mr. Vo Hoang Lam has been with Coteccons since the company’s inception, and throughout that time, he has held several significant positions at Coteccons, including Site Manager, Division Director, and Project Director. He has approximately 17 years of expertise in working, directing, and operating. He held the title of Deputy General Director of Unicons in 2019 and officially took over as General Director of Unicons on November 1, 2020.

Additionally, he currently serves as Coteccons’ Deputy General Director and has been given the trust to run for election to the Board of Directors in April 2022. He has worked with numerous significant investors and partners, both domestically and internationally, and is acknowledged as one of the key figures in guiding Coteccons to overcome difficulties and take the top spot in Vietnam. Along with the Board of Management and the Board of Directors, Mr. Lam will continue to highlight Coteccons’ advantages in implementing innovations with the assistance of leading national and worldwide experts in related industries.

(Mr. Vo Hoang Lam – Member of the Board of Directors, CEO of Coteccons, is unanimously elected by the Board of Directors of Coteccons to hold the position of CEO)

According to Mr. Vo Hoang Lam, Coteccons will be consistent with the strategic direction of diversification for the new period, concentrating on the core business of building and re-evaluating the role of sites and back office to improve management capacity and encourage empowerment so that the enforcement apparatus at sites can improve self-determination.

(Mr. Vo Hoang Lam – Member of the Board of Directors of Coteccons receives the decision to hold the position of CEO)

Mr. Bolat Duisenov – Chairman of the Board of Directors of Coteccons, also emphasized: that the public, shareholders, and investors have put a lot of pressure on Coteccons during the CEO vacancy. The company has even been put at a disadvantage when bidding for projects. However, the Company is taking its time. And the administrative system is still operating properly. I reiterate that the main value of Coteccons is people. As a result, it is crucial to carefully choose an individual who possesses the essential capacity, quality, and understanding of the Coteccons’ 18-year-old culture. When the Company is completely staffed, I think the four distinctive values – the Coteccons Inside – that have contributed to the Company’s image and brand will be maintained and vigorously promoted.

The selection of Mr. Vo Hoang Lam to the position of CEO and the encouragement of empowerment thus demonstrates the agreement of the Board of Directors, Board of Management, and Shareholders in retaining the heritage, identity, and dedication of the Company, implementing the innovation strategy towards positive changes for Coteccons in the new era.

 

Tags:

RELATED POSTS

Ho Chi Minh City, November 5, 2024 – Coteccons has been recognized as a Vietnam’s National Brand 2024, marking a significant milestone in the company’s 20-year journey. This accolade acknowledges Coteccons’ persistent efforts to build sustainable value and establish itself as an industry leader, contributing to elevating standards within Vietnam’s construction industry.  RECOGNITION FOR LEADING THE VIETNAMESE CONSTRUCTION INDUSTRY  The Vietnam’s National Brand Program is a long-term government trade promotion initiative aimed at building a prestigious image for Vietnam through high-quality products and services. This title enhances the image of Vietnamese brands, contributes to foreign trade growth, and strengthens national competitiveness.  20 YEARS OF CREATING SUSTAINABLE VALUE  Founded in 2004, Coteccons rapidly developed into Vietnam’s leading construction company, with its mark on over 850 key projects across the country. Coteccons continuously adopts advanced technology to raise construction quality and safety standards, making significant contributions to Vietnam’s economic and social development.  INTERNATIONAL EXPANSION AND TECHNOLOGICAL INNOVATION  With a vision to become the safest construction conglomerate in the world, providing comprehensive solutions, Coteccons has established a robust network of partners at home and abroad, a solid financial foundation, and a dedicated team of engineers and experts. Coteccons emphasizes R&D, leading in the exploration of new construction solutions, the application of optimal materials, and innovation in construction methods to enhance quality, optimize costs, and minimize environmental impact. These initiatives help Coteccons maintain its top position and meet the increasingly high demands of both domestic and international investors and project developers.  Beyond its

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

Ho Chi Minh City, October 17, 2024 – Coteccons Construction Joint Stock Company (HoSE: CTD) is pleased to announce significant changes to its organizational structure, in line with the company’s new strategic priorities for 2025-2029. According to Board Resolution No. 24/2024/NQ-HDQT dated 17/10/2024, the following personnel changes have been made: Mr. Vo Hoang Lam, previously the CEO of Coteccons, will take on the role of Deputy CEO of Coteccons and General Director of CTD Business Unit 01. Mr. Lam will be fully focused on developing the infrastructure, public investment, FDI sectors, and other projects in the Central and Southern regions. Mr. Lam shared: “The decision to shift from overseeing general management as CEO to concentrating on infrastructure and FDI aligns with Coteccons’ current development stage. Now is the time to dive deeper and dedicate more focus to these specialized areas, as the potential is vast, and this focus will unlock significant opportunities in line with our strategic goals. With Coteccons’ upcoming growth objectives, we need a new CEO with diverse experience and capabilities, and we are committed to seeking external talent to help drive new capacities in sectors beyond our core construction business, which we have been pioneering for 20 years.” Mr. Pham Quan Luc, previously Deputy CEO of Coteccons, will also take on the role of Deputy CEO of CTD Business Unit 01, focusing entirely on advancing the infrastructure & public investment segment. Mr. Tran Ngoc Hai, previously Managing Director, will assume the position of Deputy CEO of

84.28-35142277
Contact@Coteccons .vn

GENERAL INQUIRIES​