GOVERNANCE
GOVERNANCE
Transparent governance for sustainable growth
At Coteccons, we believe that managing environmental and social issues, as well as corporate governance, is also about risk management activities. These are important factors for achieving sustainable development goals. Therefore, strengthening the activities to improve ESG efficiency at the office and construction site is to build a supportive cultural environment. These are essential activities to create surplus value for the company. Based on that, we have developed and implemented responsible business principles. Corporate governance at Coteccons ensures fair rights for all investors and shareholders.
Our policies and procedures demonstrate how we implement serious corporate governance. Our leaders manage as long-term investors because they, like most Coteccons employees at all levels, share a long-term investment vision.
See Coteccons’ Sustainable Development Governance Policy details HERE.
BOARD MEMBER
our activities
SUSTAINABILITY NEWS
Ho Chi Minh City, December 5, 2024 – Coteccons Construction Joint Stock Company (HoSE: CTD) is honored to be named among the Top 50 Companies with Best Corporate Governance Practices – VNCG50. This recognition was awarded by the Vietnam Institute of Directors (VIOD) in collaboration with the International Finance Corporation (IFC), the Swiss State Secretariat for Economic Affairs (SECO), and the State Securities Commission of Vietnam (SSC). Remarkably, Coteccons is the only construction enterprise to make this prestigious list. As international funds and foreign investors increasingly channel their capital into businesses with strong commitments to transparency and good governance, Corporate Governance (CG) has emerged as a key measure of competitiveness and a foundation for accountability and transparency. Beyond being a tool for attracting investment, CG serves as a basis for realizing sustainable development strategies. As a publicly listed company, Coteccons is highly committed to transparency, fairness for stakeholders, adherence to business ethics, and strict compliance with the law. Guided by this spirit, Coteccons has established and continuously refined our corporate governance principles, regulations, and operations. Not only does the company fully comply with current state regulations, but Coteccons also references and applies updated standards and international best practices to enhance our governance efficiency and strengthen our position in this domain. In 2024 alone, in addition to the VNCG50 award, Coteccons achieved several outstanding milestones in governance and sustainable development, including: Top 10 Sustainable Businesses in Manufacturing (CSI 2024) by the Vietnam Chamber of Commerce and Industry (VCCI). Top 50
- December 5, 2024
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
- January 9, 2023
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
- January 2, 2023
Ho Chi Minh
HEAD OFFICE
Coteccons Building, 236/6 Dien Bien Phu, Ward 17, Binh Thanh Dist, Ho Chi Minh City.
Ha Noi
Representative Office
8th Floor - Tower 2 - Capital Place Building - No. 29 Lieu Giai, Ngoc Khanh Ward, Ba Dinh District, Hanoi.
