COTECCONS WINNING THE INTERCONTINENTAL HA LONG BAY RESORT & RESIDENCES PROJECT

Ho Chi Minh City, July 2nd, 2021, Coteccons Construction Joint Stock Company announced the winning bid for InterContinental Ha Long Bay Resort & Residences project from BIM Land Real Estate Company under BIM Group. Accordingly, Coteccons was honored to be selected as the General Contractor for the first international-standard luxury coastal resort project in the North after passing the strict and professional selection of the bidding process from the Investor and Mace – the unit of project management, construction management and quality supervision. This project is expected to be completed by the end of December 2022.

InterContinental Ha Long Bay Resort & Residences is located at Peninsula 2, Ha Long Marina Complex, Hung Thang Ward, Bai Chay, Ha Long City. With an area of 4.5ha, the project consists of the 580m long coastline with a direct view to Ha Long Bay. The overall project includes a hotel with 175 rooms, a limited collection of 41 villas and 60 luxury resort apartments named Sky Residences. Besides, the utility complex of the project includes Spa Village Garden, multi-purpose gym, Planet Trekkers children’s playground, 5 restaurants, 2 bars and a large conference room. In total, the project has an investment capital of USD 90 million.

Operated by a world leading brand with a team of reputable consultants as well as experienced general contractors and project managers, InterContinental Ha Long Bay Resort & Residences affirms that this brand deserves its position as the most international-standard classy coastal resort project in Ha Long and the North.

Mr. Adam Owen Riley, Head of Hospitality – BIM Land said: “The team of reputable domestic and international contractors, supervisors, and design consultants in the luxury real estate segment is the guarantee for the 5-star standard of the InterContinental brand in general and the InterContinental Ha Long Bay project in particular.”

Over the past 20 years, Coteccons’ reputation has been clearly demonstrated in high-class construction projects of various types from hotels, resorts, residential areas, infrastructure, industrial parks across the country such as: fast constructing the Casino Hoiana project with a total value of over 7,000 billion VND; topping out 1.5 months ahead of schedule at Metropole Thu Thiem – the highlight project in Thu Thiem peninsula; winning both phases of Ho Tram Strip with more than 550 luxury resort rooms in Ba Ria – Vung Tau; building Landmark 81 – the peak of Southeast Asia with a height of over 460m for millions of safe- hours; completing the 6-star project – The Marq located in the center of Ho Chi Minh City, building Vinfast auto factory with an area of ​​​​over 750,000 m2 … and a series of other projects with international 5-star standards such as The Nam Hai Resort Hoi An, Crowne Plaza Phu Quoc, Le Meridien Da Nang… along with safety, quality and progress which always being the top criteria guaranteed by large customers in the market and the works that the company has done before.

Mr. Nguyen Viet Toan – Coteccons Site Manager at InterContinental Residences Ha Long Bay shared: “With experience in high-class projects across Vietnam, we believe that InterContinental Ha Long Bay Resort & Residences in the future will be the highlight in Ha Long Bay. Along with additional infrastructure facilities such as yacht marina, coastal square and Ha Long Sailing Club, the project will definitely be our great project in Ha Long city in particular and Vietnam in general. Coteccons affirms the commitment with a team of leading engineers and architects to bring the project to the finish line, ensuring the highest labor safety, top quality on schedule.”

Coteccons has always been a reliable partner of many organizations in the construction market, taking the role of general contractor at hundreds of typical projects, contributing to the development of Vietnam. Not only changing society’s perception of the role of general construction contractors, Coteccons also brings outstanding values ​​to investors thanks to optimizing human resource costs for project management, increasing the efficiency of cash flow for the investor due to the shortened project schedule. Coteccons are always proactive in all stages, advising on construction methods and materials suitable to the investor’s capital. Most of all, Coteccons shares solutions to reduce risks during construction with the investor, from valuable experiences accumulated with hundreds of large and small projects.

In July 2021, the investor will officially introduce 60 Sky Residences high-rise resort apartments. In particular, the investor BIM Land also revealed that a limited edition of 6 Beach Villas will be introduced to investors at the beginning of the third quarter of 2021

 

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​