COTECCONS: AFFIRMING PIONEERING POSITION WITH THE TOP 50 VN CORPORATE GOVERNANCE AWARD – VNCG50

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.

Ms. Dinh Thi Hong Tham – Coteccons’ representative – received the certificate from the program.

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 Corporate Sustainability Award (Top50 CSA) in two categories: Minimizing Carbon Footprint (E) and ESG Leadership (G), evaluated by Nhip Cau Dau Tu Magazine.
  • Top 20 Vietnam Sustainability Index (VNSI) selected by the Ho Chi Minh City Stock Exchange (HoSE).
  • Enterprise with Outstanding Information Disclosure Standards (IR Awards) organized by Vietstock, VAFE, and FiLi Magazine.

These accolades are a testament to Coteccons’ strong commitment to building a transparent, professional, and efficient governance system. They also pave the way for significant opportunities to attract international capital and foster trust among partners. As global investors increasingly focus on companies committed to good governance and sustainable development, Coteccons continues to lead the construction industry and plays a pivotal role in promoting these standards in Vietnam.

RELATED POSTS

Ho Chi Minh City, September 25, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) has announced its audited consolidated financial statements for fiscal year 2025, with several positive adjustments compared to the previously released unaudited figures. The results reaffirm the Company’s efforts in cost control and operational efficiency amid a challenging construction market. Specifically, the audited FY2025 results highlight the following positive growths: Consolidated net revenue reached VND 24,885 billion, an increase of VND 18 billion compared to the unaudited report, completing 99.5% of the target set at the FY2024 Annual General Meeting (AGM). Despite industry headwinds such as intense competition and rising material and labor costs, Coteccons effectively controlled expenses and enhanced project execution capabilities. As a result, gross profit rose to VND 815 billion, up VND 37 billion, lifting the gross margin to 3.28%, nearly on par with last year’s level (3.39%). Operating profit reached VND 533 billion, an increase of VND 4 billion after audit. The operating profit margin improved to 2.14%, up 0.69 percentage points year-on-year. Net profit after tax rose by VND 2 billion compared to the unaudited report, fulfilling 106% of the annual plan. Return on average equity (ROE) reached 5.09%, a 1.49 percentage point improvement year-on-year. As of June 30, 2025, Coteccons’ consolidated total assets stood at VND 29,701 billion, up VND 118 billion from the pre-audit report and increasing 30% compared to FY2024. The debt-to-total-assets ratio remained low at 10%, reflecting a healthy capital structure with strengthened financial scale and

At the Shareholders’ Day event on September 20, 2025, Coteccons’ Chairman – Mr. Bolat Duisenov delivered candid insights on the company’s strategy and long-term vision, beginning with three keywords that he believes will shape not only the construction sector but also the trajectory of Vietnam’s economy in the decades ahead.  On September 20, 2025, Coteccons held its Annual Shareholders’ Day at the construction site of the APEC Convention Center project in Phu Quoc.  Opening the dialogue, Chairman Bolat Duisenov outlined an ambitious 20-year vision for Coteccons, aligned with the country’s development, beginning with the keyword Urbanization. He highlighted that with Vietnam’s current urbanization rate at 40%, the nation stands at a similar stage to where China was two decades ago. This not only signals vast growth potential but also presents significant opportunities for the construction industry to shape an integrated infrastructure ecosystem — spanning roads, bridges, airports, hospitals, and schools.  Continuing on the growth trajectory, Mr. Bolat emphasized the theme of Industrialization. Vietnam is emerging as a regional “industrial hub,” attracting over 60% of total FDI into manufacturing and high-tech sectors. With advantages in a young and skilled workforce, strategic geographic location, and strong government support, well-prepared and capable construction companies are positioned to seize this golden opportunity.  The final cornerstone of the strategic vision is Globalization. As Vietnam’s position on the international stage continues to strengthen, Coteccons is boldly venturing into the vast ocean. With projects already executed and underway in Laos, Cambodia, Myanmar, India, and Taiwan, and

On September 12, 2025, Coteccons, in collaboration with the local authorities of Tuyen Lam Commune, Quang Tri Province, organized the groundbreaking ceremony of the “Community Forest Plantation Project at Ban Ke,” initiating the planting of 11,777 native trees across 10.6 hectares to restore watershed protection forests. This marks the fourth year that Coteccons has partnered with Quang Tri Province to implement reforestation projects aimed at a Greener Vietnam, bringing the total number of native trees planted to 33,063. This achievement reflects Coteccons’ steadfast commitment to sustainable development. Coteccons Pledges to Safeguard Natural Forests in Quang Tri The reforestation initiative is part of Coteccons’ annual activities. It originates from the GreenUP Marathon launched in 2022. Built on the GreenUP foundation, Coteccons is committed to creating lasting values for communities and society, grounded in integrity, transparency, solidarity, and sharing. Carrying on this vision, Coteccons, together with Quang Tri’s local government, planted 11,777 trees of three rare native species – Erythrophleum fordii (Lim Xanh), Toona sinensis (Xoan Dao), and Michelia mediocris (Gioi Xanh) – at the Ban Ke community forest in Tuyen Lam Commune. This effort contributes to restoring watershed protection forests, preventing erosion, enhancing climate resilience, and sustainably supporting local livelihoods. The ceremony took place with the presence of leaders from Quang Tri Province, representatives from the People’s Committee of Tuyen Lam Commune, members of the Community Forest Management Board, the Chut ethnic community, as well as students and volunteers.   During the ceremony, Mr. Dinh Xuan Thuong – Secretary and

84.28-35142277
Contact@Coteccons .vn

GENERAL INQUIRIES​