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 Coteccons, Chief Commercial Officer. Mr. Hai joined Coteccons in 2004 and has held several key roles such as Project Supervisor, Deputy Site Manager, Site Manager, Head of General Affairs, Project Director, and most recently, Managing Director. He has made significant contributions to major projects in Vietnam, including The Manor, Saigon Exhibition and Convention Center, The EverRich 1, and Tan Son Nhat Cargo Terminal. Notably, he led the Landmark 81 project, ensuring it was completed on schedule and met international quality standards. Since 2022, in his role as Managing Director in charge of the Commercial Division, Mr. Hai restructured the bidding system, developed a diverse supply chain, and established an efficient cost control department, creating a competitive edge in the market. His leadership in managing this critical division optimized costs, ensured quality control, and drove system improvements, positioning Coteccons to be ready for its revenue diversification and client base expansion strategy.
Mr. Nguyen Chi Thien, previously Managing Director, will take on the role of Deputy CEO of Coteccons and General Director of CTD Business Unit 02. Mr. Thien has been with Coteccons since 2007 and has held several key positions such as Project Supervisor, Deputy Site Manager, Site Manager, Project Director, and Managing Director. He is known for managing large, complex projects with tight construction schedules, including Vinhomes urban developments such as Vincom Can Tho, Vinhomes Metropolis, the Capital Palace office tower in Hanoi, Vinhomes Grand Park, Vinhomes Ocean Park, Vinhomes Smart City, Vinhomes Symphony, as well as the VinFast factory. During Coteccons’ transformation phase, Mr. Thien drove revenue growth through successful new bids and repeat sales with major clients like Vingroup, Sun Group, Ecopark, Logos, BWID, Capital Land, Mapletree, Foxconn, and government projects. Known for his determination, persistence, and passion for engineering, his philosophy is: “Take on the challenging tasks that no one dares to do; things that carry value, significance, and build customer trust, which in turn creates new capabilities for Coteccons”. He will be responsible for driving business growth in the Central and Northern regions, building teams, expanding the customer portfolio, and contributing to revenue growth for Coteccons.
Mr. Nguyen Van Dua, previously in charge of Corporate Governance, will now take on the role of Deputy CEO, Chief Financial Officer. With over four years at Coteccons, Mr. Dua has held important roles supporting the Commercial Division and overseeing Legal and Board Affairs. His extensive experience includes working in finance, accounting, and investment management for major corporations such as Masan Group, Bibica, Thao Dien Investment, Kusto Group, AMI AC Renewables, and more.
Ms. Nguyen Trinh Thuy Trang, formerly Chief of Staff, will now serve as Deputy CEO, Chief Operating Officer. Ms. Trang joined Coteccons in 2020 as an independent consultant, focusing on crisis management and change management. She officially joined Coteccons in 2021 as Chief of Corporate Affairs and later became Chief of Staff in 2022. Ms. Trang has been pivotal in reshaping Coteccons’ culture, enhancing its corporate image, and driving ESG practices for sustainable growth. From 2022 to 2023, she led the restructuring of human resources management and corporate strategy, boosting business growth. She also spearheaded digital transformation in back-office management and project operations, optimizing costs and improving risk and asset management, and the creation of a high-quality working environment. Before joining Coteccons, Ms. Trang had experience working at various corporations such as Masan Group, Roche Pharma, Pfizer, Lowe Worldwide, AVC Communications, and FPT Mobile.
The new Board of Executive at Coteccons are set to drive the company’s strategic objectives for 2025. Their focus will be on protecting core business growth while also building fundamental footprints for non-core business growth; this includes expanding into global markets and exploring new business opportunities.
Recently, FiinRatings has just upgraded Coteccons’ credit rating to BBB+ with a “Stable” outlook, a reflection of the company’s outstanding business performance. This BBB+ rating (S&P Global ratings) is a rare achievement among construction companies.
For detailed information on these personnel changes, please visit our official website at: https://www.coteccons.vn/
Contact Information:
Nguyen Thu Hien – Corporate Affairs
Phone: (028)-35142255/66
Email: ir@coteccons.vn
