Just two days after being honored at the “Vietnam Listed Company Awards 2025” (VLCA 2025), on December 5, 2025, Coteccons Construction Joint Stock Company (HOSE: CTD) continued to make a strong impression as it simultaneously received two prestigious recognitions: the “Top 50 Pioneering Enterprises Committed To Improving Corporate Governance In Vietnam” (VNCG50) in Ho Chi Minh City and the “Top 100 Sustainable Enterprises in Vietnam” (CSI100) in Hanoi.
Mr. Pham Quang Vu – Board Member, representing Coteccons, receiving the VNCG50 award
Ms. Dinh Thi Ngoc Bich – Independent Member of the ESG Subcommittee, representing Coteccons, receiving the Vietnam Sustainable Enterprise certificate
These accolades represent the highest level of recognition from reputable domestic and international institutions. Specifically, the CSI 2025 award is organized by the Vietnam Chamber of Commerce and Industry (VCCI), spearheaded by the Vietnam Business Council for Sustainable Development (VBCSD), in coordination with the Central Policy and Strategy Commission, The Ministry of Natural Resources and Environment, the Ministry of Home Affairs, the Vietnam General Confederation of Labor, and the Ministry of Finance.
Meanwhile, the VNCG50 is hosted 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).
These are all leading rankings that reflect the quality of corporate governance, information transparency, and sustainable development standards in line with international best practices recommended by the OECD, the assessment criteria of the ASEAN Scorecard, and the sustainability reporting standards under GRI.
As FTSE Russell officially upgraded Vietnam’s stock market to “Secondary Emerging Market,” the expectations placed on listed companies have become more stringent. The market is entering a new development phase where public companies must enhance governance quality, strengthen information transparency, and implement sustainability comprehensively. These are considered essential conditions for improving competitiveness, reinforcing investor confidence, and expanding access to domestic and international capital.
In this context, Coteccons’ recognitions at CSI100, VNCG50 and the recent VLCA underline that the company is moving in the right direction – remaining steadfast in pursuing modern, transparent, and sustainable governance standards that meet the rising expectations of Vietnam’s stock market in a period of deep global integration.
When philosophy becomes action at Coteccons
The philosophy of “Future Inside You” is integrated throughout Coteccons’ business strategy, grounded in the belief that a sustainable future must be built through the mindset, choices, and actions of every individual within the organization. This philosophy transcends communication slogans and is consistently embedded from leadership vision to on-site operations, creating a transparent, efficient, and unified governance system across the entire value chain.
Aligned with this direction, the ESG Subcommittee operates proactively and systematically, ensuring all sustainability policies are closely monitored, implemented effectively, and transparently reflected in internationally aligned reports. As a result, Coteccons’ ESG initiatives are not merely commitments but measurable impacts.
“Xây Tết” is not just about gifts, but about creating moments of togetherness so that each worker’s family can fully feel the joy of the upcoming new year
These efforts have led to notable outcomes, including the maintenance of tens of millions of safe working hours and the training of more than 200 personnel in greenhouse gas inventory methodologies. Remarkably, through green construction solutions and eco-friendly materials, Coteccons successfully reduced 237,415 tons of CO₂e – equivalent to the annual carbon absorption of millions of trees. At the same time, the company’s digital transformation initiatives generated direct economic benefits estimated at over USD 232,000. Community programs such as “Xây Tết” and scholarships for workers’ children continued to spread positive impact, with nearly 48,000 gifts and hundreds of support packages delivered, demonstrating that sustainability extends beyond construction sites into the well-being of people and communities.
Results of Effective Governance
Coteccons’ commitment to transparent governance and sustainable development has translated into tangible value, strengthening trust among investors and international partners:
First, CTD remains firmly represented in the Vietnam Sustainability Index (VNSI), which includes 20 listed companies with the strongest sustainability performance. This serves as a crucial “filter” attracting capital flows from institutional funds that prioritize ESG factors in long-term investment portfolios.
Second, shared sustainability values have become a key factor in Coteccons’ strategic partnerships with leading multinational corporations. Billion-dollar projects with stringent green and safety standards—such as the LEGO factory, Pandora factory, and Suntory PepsiCo manufacturing plant—are clear examples. Foreign partners choose Coteccons not only for its construction excellence but because both sides speak the same “language” of integrity, transparency and social responsibility.
Commitment Toward a Sustainable Future
The recognitions from VLCA 2025, CSI100, and VNCG50 not only acknowledge Coteccons’ achievements to date but also affirm the company’s long-term direction in pioneering ESG integration into business strategy – especially through elevated governance standards. In the next phase, Coteccons remains committed to expanding ESG initiatives, investing in human capital, and accelerating green transformation across the organization – with the aim of creating more sustainable, humane, and enduring projects for the community.
