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 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.
