Coteccons Announces New Leadership

On November 05, 2021, Coteccons Construction Joint Stock Company (Code: CTD) recently issued a staffing structure that aligns with the company’s diversification strategy and announced a senior staff appointment to the Board of Directors.

With the increasingly fierce competition in the construction field, in addition to focusing on the core business by ensuring and improving the quality of works to approach international standards, the company must rapidly develop new business segments such as infrastructure, renewable energy; expand environment-friendly construction solutions; optimize technology, etc. Strategy to diversify business activities in the field with high intellectual and technological content will require focus on and investment more in human resources. Coteccons identifies people as the key factor and plays a critical role in the successful implementation of the strategy.

With the orientation, Ms. Pham Thi Bich Ngoc was appointed to the position of Deputy General Director of Human Resource Management, with the responsibility to continue appointing high-level human resources to serve the model of diversification and standardization of human resource management platforms such as evaluation system closely linked to business objectives, career development roadmap for employees, talent retention program, salary and benefit system linked to job performance…

Ms. Ngoc has joined Coteccons since May 2021 as a senior advisor to the Board. She graduated with a Master of Business Administration from Solvay University, a BA in English from the University of Social Sciences and Humanities and has 24 years of experience working for leading companies in Vietnam such as Techcombank, Masan, Prudential, MGM Grand Ho Tram, Bayer and Vietnam Airlines. In addition to her primary expertise in human resource management, Ms. Ngoc continues to serve as Senior Advisor to the Board of Directors, leading the transformation of organizational culture and customer experience, localizing training programs; ensuring to inherit the traditional values of Coteccons while meeting international standards.

In addition, the Company also announced that Mr. Michael Tran will be leaving Coteccons as of November 30, 2021, and thank him for his great contribution over the past year. Mr. Bolat Duisenov, Chairman of Coteccons shared, “Coteccons would like to express our sincere appreciation to Mr. Michael Tran for his tremendous contribution to our company over the past year, we recognize and appreciate his competent and professional work ethic, his commitment, dedication, and leadership, especially his great efforts in setting up the team and ensuring smooth operations at the sites. In particular, Mr. Michael Tran is one of the pioneers in building Coteccon’s transformation platform in the past year. Coteccons would like to wish that Mr. Michael Tran will continue to achieve further great success in his new chapter.”

 

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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

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