HO CHI MINH CITY, Vietnam, 6 June 2023: Coteccons, one of the top construction companies in Vietnam, today announced to sign a three-year Memorandum of Understanding (MoU) with Microsoft Vietnam to accelerate its innovation and value chain in the construction industry leveraging the power of artificial intelligence (AI) and cloud technology.
Founded in 2004, Coteccons has successfully grown in both size and reputation to become one of the top construction companies in Vietnam for delivering world-class projects, including Residential, Commercial, Hospitality, Infrastructure, and Industrial. The company always aims to invest in modern construction practices and the most advanced technologies to ensure that Coteccons remains at the cutting edge of its industry.
Vo Hoang Lam, CEO of Coteccons, said: “We would like to be one of the first examples in how to digitalize the construction industry in Vietnam. We recognize that there is an urgent need to apply established technologies and techniques in new ways in order to improve not only management efficiency and productivity, and ultimately the welfare of stakeholders, but also ESG performance. Coteccons decides to take the journey to the cloud. We are looking for a trusted technology partner who can help accelerate the growth strategy and do more with fewer resources, enabling us to focus on innovation. We are confident about this collaboration with Microsoft as the backbone of our digital journey.”
Through this strategic collaboration, Coteccons will leverage Microsoft’s technology and solutions to accelerate digital transformation in four areas: helping Coteccons engage their customers better, landing secured modern workplace, optimizing Coteccons operations and transforming Coteccons products and services.
Coteccons’ digital core needed to be equipped to handle technology innovation for competitive advantage, build next generation platforms and scalable infrastructure, modern and modular architecture along with, data security, compliance, and privacy requirements.
Coteccons will conduct a comprehensive assessment of the company’s current data center infrastructure with help from Microsoft including hardware, software, networking, and security systems, then analyze existing data center operations, vulnerabilities and provide recommendations for improvements.
Coteccons will then apply the design cloud reference architecture for modern infrastructure and platform as a service to unlock the benefits of cloud computing, including scalability, cost efficiency and improve agility. Coteccons will implement and migrate its current workloads to Microsoft Azure for better performance, operations, and centralized management. Coteccons plans to use Microsoft Power Platform to accelerate its business automation and digital transformation to better provide its professional Design & Build solution in the construction industry.
Coteccons will also build a modern workplace with AI-empowered Microsoft 365, which enables the group to significantly improve experience, productivity, and development for their 2000 employees, especially the frontline workers’ communication and collaboration. Coteccons will integrate Microsoft Zero Trust security solutions to build a more secure workplace which can protect and manage the Coteccons employees’ identity, device, and all data across the group.
Under the MoU framework, Coteccons will invest resources to work with and build projects that can leverage the strength of Microsoft technologies and solutions. Microsoft will also provide training to Coteccons’ employees on Microsoft technologies, ensuring they have the necessary skills to use, manage and maintain the system.
Commenting on the occasion, Nguyen Quynh Tram, Country General Manager of Microsoft Vietnam, said,” Today, cloud and AI technology play a critical role in the transformation of the construction industry by reducing labor costs, increasing safety, and improving the quality of the building’s design. By embracing our industry proven cloud and AI technologies, Coteccons will be enabling construction companies to achieve incredible designs and buildings in Vietnam.”
The Vietnamese construction market was valued at $108.6 billion in 2022. The market is projected to grow at an AAGR of more than 6% during the period 2024-2027. Vietnam’s construction industry is the best performing industry in the Asia-Pacific (APAC) region. Despite losing momentum due to COVID-19, it continues to grow strongly with contractors like Coteccons.
Media contacts:
Coteccons Construction JSC.
Mr. Nguyen Viet Thang
Head of Corporate Affairs Department
T: 0965-965-361
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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.
For more information, visit https://coteccons.vn
