Ho Chi Minh City, February 18, 2025 – In line with our commitment to transparency and best corporate governance practices, Coteccons Construction Joint Stock Company (HoSE: CTD) annouces receiving Decision No. 08/2025/QĐST-KDTM from the People’s Court of District 1 regarding the resolution of outstanding debt at a key project. With this settlement, Coteccons has made significant progress in bad debt recovery and is on track to exceed the commitment made at the 2024 Annual General Meeting (AGM) by the end of fiscal year 2025. This milestone underscores Coteccons’ ongoing efforts in debt recovery and reinforces our sustainable financial strategy, delivering direct value to shareholders and investors. According to Coteccons’ estimation, Vietnam’s construction industry is projected to grow by 13% to 15% in 2025, reflecting a robust rebound from global economic disruptions. Leveraging both industry momentum and internal strengths, Coteccons has set ambitious targets, including a revenue of VND 25 trillion for FY2025 and sustainable annual growth of 20–30% in top line and bottom line over the next 4–5 years. These targets are largely attributed to Coteccons’ “repeat sales” strategy and client-centric approach. By empowering project directors (PD Empowerment) with the flexibility to make agile and innovative decisions, Coteccons has consistently delivered high-quality projects on schedule. This approach has earned the trust of top real estate developers such as Vingroup, Sun Group, Ecopark, Capitaland, and others, resulting in repeat contracts accounting for approximately 70% of awarded projects. The aforementioned accelerated progress in debt recovery has been driven by proactive engagement
- February 18, 2025