COTECCONS AND LE PHONG GROUP BREAK GROUND FOR THE EMERALD 68

On November 9, 2023, The Emerald project was officially launched on Dai Lo Binh Duong, Vinh Phu Ward, Thuan An City, Binh Duong Province. The groundbreaking ceremony was attended by Mr. Bui Nguon Phong, Chairman and CEO of Le Phong Group, and representatives from Coteccons, including Mr. Bolat Duisenov – Chairman of the Board, and Mr. Vo Hoang Lam – CEO. Also present were partners Unicons, the design and construction unit, and Khai Hoan Land, the general agency. 

 

The Emerald 68 is located on the frontage of Dai Lo Binh Duong and Vinh Phu 16 Street, Vinh Phu Ward, Thuan An City, Binh Duong Province, just 1 km from the border of Ho Chi Minh City, adjacent to Thu Duc City. Notably, the project benefits from a panoramic view of the Saigon River, situated in a vibrant residential area, an economically developing center with the greatest potential in the Eastern region. As a result, this area is a prominent focus of the modern apartment market in Ho Chi Minh City and Binh Duong. 

Previously, Coteccons was a brand associated with the high-end segment of many famous projects such as Landmark 81, the MarQ, Masteri Thao Dien, leaving a significant mark on the real estate market in Ho Chi Minh City. With experience and success in constructing luxury projects, Coteccons aims to offer an ideal living space for all customers with over 20 amenities intertwined in the Emerald style, creating a prestigious and diverse living environment. The project will be an excellent choice for young people looking for a place to settle and establish themselves. 

Le Phong Group operates primarily in the real estate business. Over more than a decade of development, Le Phong Group has demonstrated its strong capabilities with a series of valuable projects across the national real estate map. Specifically, in Binh Duong, Le Phong owns over 20 commercial townhouse projects, urban areas, and luxury apartments highly regarded by the market, partners, and customers. Notable projects include The Emerald Golf View Thuan An, Thien An Origin Thuan An, Rich Town An Phu, Royal Market Town Thuan An, Thuan An Central Binh Duong, and Le Phong Tan Dong Hiep 1 and 2 residential areas. 

 

Benefiting from the valuable natural “three-close” advantage with significant feng shui implications for attracting prosperity and vitality, The Emerald 68 has been invested and developed by Le Phong Group with great dedication. The project features a modern, model apartment design with scientific and sophisticated layouts, and a complete range of internal amenities including healthcare, education, entertainment, and shopping, aimed at creating an ideal living environment for its residents. 

The groundbreaking ceremony of The Emerald 68 is a significant milestone, not only marking the collaboration and partnership between reputable entities in the industry to create synchronized, sustainable, and modern future projects but also providing a major opportunity for Le Phong Group to realize its aspiration to build new iconic structures in Binh Duong and fulfill its commitment to improving the quality of life for its residents. 

RELATED POSTS

Ho Chi Minh City, October 2, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) is honored to be recognized at the IR Awards 2025 by Vietstock and the Vietnam Association of Financial Executives (VAFE), winning the two most prestigious distinctions in the Mid-Cap category: “Individual Investors’ Best Choice” and “Financial Institutions’ Best Assessment.” This also marks the fifth consecutive year that Coteccons has been certified as meeting the Information Disclosure Standards – a strong testament to the company’s commitment to transparency, accountability, and open dialogue with shareholders.  According to Vietstock, this year 460/691 listed companies (equivalent to 67%) satisfied the Information Disclosure Standards, marking the highest ratio in the 15-year history of the IR Awards. Against this backdrop, Coteccons distinguished itself as the sole representative of the construction sector to be honored, reaffirming its pioneering role in elevating investor relations (IR) practices and corporate governance standards in Vietnam’s construction industry.  Beyond providing information, Coteccons redefines the role of Investor Relations (IR) through its philosophy of “Designing Expectations.” Through initiatives such as Shareholders Day, Tet at Construction Site Livestreams, and exclusive site tours for investors, the Company bring shareholders directly to the projects – where value is created – to witness first-hand Coteccons’ construction capabilities, as well as internationally certified safety and quality management systems.  Mr. Bolat Duisenov, Chairman of the Board of Directors of Coteccons, shared: “We are willing to engage in dialogue even with shareholders who own just a single share. At the same time, we aim

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 August 22, 2025, at the Archify Live conference organized by Hubexo with the theme “Eco-Friendly Architecture – Building a Sustainable Future”, Mr. Dương Trọng Nghĩa, Project Director of Coteccons, participated in a panel discussion alongside other industry experts and shared his perspectives on the rising trend of green buildings and the journey of Vietnamese contractors expanding into international markets. Balancing Quality and Cost – Coteccons’ Perspective Mr. Nghĩa noted that the tension between cost and quality in construction isn’t solely driven by clients—intense competition among contractors, especially in the real estate market downturn post-COVID-19, plays a major role. He emphasized: “Clients cannot push prices down if contractors themselves do not engage in fierce competition, creating a ‘red ocean’.” Coteccons opts instead to optimize through smart strategies—financial management, centralized procurement, and value engineering—to deliver real value rather than resorting to price undercutting. Green Buildings – An Inevitable Trend Regarding sustainability, Coteccons’ representative shared that nearly all their FDI-led projects now conform to green building standards (LEED, Lotus, GreenMark, EDGE). Locally, 20–30% of Vietnamese clients are aiming for green certification. Mr. Nghĩa remarked that while green buildings used to cost 10–20% more, today the premium is minimal thanks to the widespread availability of green materials and solutions. Crucially, contractors and architects must recognize their responsibility to reduce emissions and contribute to sustainable development. In practice, Coteccons has already implemented multiple green initiatives such as using solar power or LED lights for temporary site lighting, managing dust with rainwater, installing washing

84.28-35142277
Contact@Coteccons .vn

GENERAL INQUIRIES​