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, October 30, 2025 – Coteccons Construction JSC (HOSE: CTD) announced business results for the first quarter of fiscal year 2026 (the accounting period from July 1 to September 30, 2025), posting exceptional growth in both revenue and profit. The results reflect the effectiveness of Coteccons’ sustainable growth strategy and the strong recovery of the construction industry. Strong performance with the highest quarterly profit in five years In the first quarter of FY2026, Coteccons recorded consolidated net revenue of VND 7,452 billion, up 56.6% year-on-year. Gross profit reached VND 322 billion – the highest since 2020 – growing 56.7% from the same period last year, with a gross margin of 4.32%, in line with last year’s level. These positive results demonstrate Coteccons’ ability to manage costs and optimize operations amid ongoing challenges from material prices, labor costs, and intense competition in the construction sector. Notably, profit after tax surged 216.7% year-on-year to VND 294 billion, with a net profit margin of 3.95%, the highest in 21 quarters. Coteccons was also honored among the Top 500 Most Profitable Companies in Vietnam 2025 (PROFIT500) by Vietnam Report and VietnamNet, rising 53 ranks from the previous year — a clear testament to the company’s outstanding growth momentum. Record-high backlog with landmark national projects As of the end of Q1 FY2026, Coteccons had secured VND 19,300 billion in new contracts, bringing backlog to VND 51,600 billion — the highest in company history and surpassing the record set at the end

On the morning of October 20 at its Ho Chi Minh City headquarters, Coteccons Construction Joint Stock Company (HOSE: CTD) held its 2025 Annual General Meeting of Shareholders. Setting an ambitious revenue target of VND 30,000 billion for 2026 — the highest in its history — Coteccons reaffirmed its belief that “we don’t need to run; we just need to move in the right direction.” COTECCONS’ JOURNEY – AN OLYMPIC RACE “DESTINED FOR A MEDAL” “2025 marks 20+1 years of Coteccons’ presence in Vietnam, and at the same time, it is also a new milestone in the company’s development journey. This is an occasion for us to present the business results for the fiscal year 2025, the plan for the fiscal year 2026, and at the same time share upcoming strategies, especially in human resource development, with the hope of receiving valuable feedback from shareholders and partners. On the occasion of Vietnamese Women’s Day, I would also like to extend my congratulations to all the women present here and to the grandmothers and mothers at home”, Mr. Bolat opened his speech at the 2025 Annual General Meeting of Shareholders. The business chart of the past year shows that we are moving in the right direction. As Coteccons turns 20+1, the company’s goal is to build a strong next-generation leadership team and reduce reliance on the direct presence of the current management. “I believe that by 2030, the next-generation leadership system will be firmly established, and my personal role will

Press Release Ho Chi Minh City, October 17, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD): Approved a plan to issue non-convertible, non-warrant, and unsecured bonds with a total value of up to VND 1,400 billion, announced on October 15, 2025. Announced changes in the Board of Supervisors’ personnel as part of our ongoing efforts to enhance corporate governance standards. The intention of bond issuance is a part of Coteccons’ long-term financial strategy to diversify funding sources, optimize capital structure, maintain liquidity and operation. This is a strategic step to align with the Company’s long-term vision, leverage growth cycle supported by a record-high backlog and expand investment opportunities in line with Coteccons’ diversification strategy. Mr. Nguyen Van Dua, Deputy CEO, Finance & Legal Division, shared: “The bond issuance marks a strategic step in Coteccons’ long-term financial roadmap. This move enables us to optimize our capital structure and maintain a balanced mix between short-term debt, long-term bonds, and equity. While channeling resources into infrastructure projects and expanding our EPC capabilities, we continue to ensure healthy cash flow and align the interests of our partners, subcontractors, and employees. This demonstrates our unwavering commitment to transparency, responsibility, and the core values that define Coteccons as a trusted general contractor entering a new phase of growth.” The issuance process is conducted with the support of an experienced and professional advisory partner, ensuring full compliance with legal requirements and the highest standards of transparency and efficiency. Coteccons maintains a strong financial structure, with

84.28-35142277
Contact@Coteccons .vn

GENERAL INQUIRIES​