COTECCONS HANDS OVER VIET Y STEEL PLANT – A NEW MILESTONE FOR HIGH-TECH INDUSTRY IN NORTHERN VIETNAM

Coteccons has successfully handed over the Viet Y Steel Plant at Nam Cau Kien Industrial Park, Thuy Nguyen District, Hai Phong City – a flagship project in the high-tech industrial construction sector in Northern Vietnam. 

Exterior of the Viet Y Steel Plant in Hai Phong. 

With complex technical requirements and high precision, the project is a clear testament to Coteccons’ professional, precise, and internationally-standardized construction capabilities – especially in industrial projects integrating high-tech production lines.

A Technically and Constructionally “Heavy” Project

The plant is built on an area of 3 hectares, including various components such as the main workshop, auxiliary areas, landscape infrastructure, and particularly the connection area between the old and new workshops. The overall structure is a perfect combination of solid reinforced concrete foundations and prefabricated steel frames up to 20 meters high, with three steel frame systems spanning approximately 28 meters each, using a total steel structure weight of 5,000 tons.

The steel frame structure with a span of 28 meters has been constructed to align with the operational design of the plant. 

Leveraging experience in large-scale industrial projects, Coteccons has implemented methodical construction, tightly controlling the entire process, meeting stringent requirements for quality, safety, and progress.

Precision to Every Millimeter – Foundation for High-Tech Production Lines

As an industrial project integrating the most modern equipment, 100% imported from the world’s leading steel group Danieli (Italy), the Viet Y Steel Plant project sets special requirements for precision in construction – particularly in machine foundation components and equipment installation positions. 

The modern conveyor belt system has been integrated into the foundation of the project’s machinery.  

The machine foundation at the project has a complex structure, bearing heavy loads, and is designed with multiple elevations, steps, and special shapes to meet the installation requirements of high-tech production lines. Some rolling stands, such as JD21 and JD41, are installed through waiting plates arranged both vertically and horizontally.

The production line system is installed and anchored to the reinforced concrete machine foundations via pre-installed technological bolt holes

Notably, the entire project has over 5,000 bolt holes for equipment installation, each position constructed with a precision tolerance not exceeding ±10 mm. This required meticulous positioning and execution, ensuring the technical standards needed to integrate European-designed automation equipment were met effectively.

Additionally, the technical connection between the old and expanded workshops has been synchronously implemented by Coteccons, ensuring seamless production lines operate accurately without errors during operation.

The old workshop and the expanded workshop were seamlessly connected, enabling the production line to successfully conduct trial operations and produce the “first steel product”.

To achieve this near-perfect precision, Coteccons’ engineering team has closely coordinated with the investor, and various departments to implement specialized construction methods, mastering everything from shop drawings to actual implementation on-site. All procedures were carried out under strict safety controls, ensuring the highest construction quality, and laying a solid foundation for the subsequent operation of high-tech production lines.

Elevated platform system enabling access and monitoring of plant operations from above.  

Optimal Construction Measures, Aiming for Sustainable Industrial Space

Besides complex technical solutions and high completion accuracy, Coteccons also focuses on solutions to optimize costs and protect the environment. The natural lighting system on the roof, skylights, and louvers around the workshop walls not only minimize energy consumption but also create a spacious working environment, contributing to a sustainable and economical industrial space. 

Natural lighting and ventilation system optimizing operational costs, aiming for sustainable industrial space.

 

On-Time Handover – Affirming the Reputation and Overall Capability of Vietnam’s Top Contractor

The project was handed over on schedule after 14 months of construction, enabling the Viet Y Steel Plant to enter the operational phase as planned in May 2025. With a steel rolling capacity of 500,000 tons/year and a billet production line of 552,000 tons/year, the plant will significantly contribute to the development of Vietnam’s steel industry – providing high-quality, stable products for both domestic and international markets.


Where high-quality steel products are produced, serving the domestic and international industry.

The Viet Y Steel Plant project not only demonstrates Coteccons’ outstanding ability to execute large-scale industrial projects but also affirms the company’s position as a leading contractor in Vietnam, with modern construction solutions and international standards. Coteccons is proud to continue being a trusted partner, creating sustainable values and contributing to the advancement of the construction industry in Vietnam.

 

RELATED POSTS

PRESS RELEASE COTECCONS ANNOUNCES INTENTION TO PARTICIPATE IN GIA BINH INTERNATIONAL AIRPORT PROJECT AND UPDATES PUBLIC BOND ISSUANCE DOCUMENTATION FOR 2025 Ho Chi Minh City, December 5, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) has announced three significant resolutions related to its strategy to participate in a key national infrastructure project and the ongoing process of finalizing documentation for its 2025 public bond issuance. Coteccons Approved to Enter into Contracts with Consortium for Gia Binh International Airport Project The Board of Directors of Coteccons issued Resolution No. 28A/2025/NQ-HĐQT dated December 5, 2025, approving the Company’s intention to sign contracts with the Consortium of General Contractors for the execution of critical packages and components of the Gia Binh International Airport Project. Gia Binh International Airport is a national priority project, expected to become one of Vietnam’s largest airports, designed to meet ICAO’s 4F standards. Given its complexity and scale, the project requires contractors with extensive experience, deep knowledge of international standards, and proven capability in delivering mega projects in Vietnam. Coteccons Updates Progress on Adjusting 2025 Public Bond Offering Documentation The Board of Directors also approved Resolutions No. 26 and 27 dated December 5, 2025, concerning adjustments to certain details in the documentation for the 2025 public bond offering. Previously, Coteccons submitted its bond issuance dossier to the State Securities Commission and disclosed information on October 13, 2025, in compliance with regulations. The Company is currently refining, adjusting, and supplementing information as guided by the regulatory authority. These

Ho Chi Minh City, December 03, 2025 – At the 18th “Vietnam Listed Company Awards 2025” (VLCA 2025), Coteccons Construction Joint Stock Company (HOSE: CTD) was proudly recognized in the “Top 10 Companies with Best Corporate Governance” – Mid-cap group. Ms. Vu Thi Chan Phuong – Chairwoman of the State Securities Commission awarded the certificate to the Representative of Coteccons, Mr. Vo Hoang Lam, Deputy General Director of Coteccons The award is organized by HOSE and evaluated by an independent panel of experts, with scoring and review conducted by the Big 4 – the world’s leading auditing firms. In addition, representatives of the Stock Exchanges and the State Securities Commission directly review the entire information disclosure process and the company’s compliance with corporate governance regulations. This achievement affirms Coteccons’ journey of governance reform, enhanced transparency, sustainable development efforts, and its pioneering role in Vietnam’s construction sector in recent years. The moment of honoring the Top 10 Companies with Best Corporate Governance – Mid-Cap Group Transparency Yields Results: Profitability Surges A solid governance foundation has served as the launchpad for Coteccons’ strong business performance, reflected through the standout figures in its Q1 FY2026 financial results (July 01, 2025 – September 30, 2025): Net revenue reached VND 7,452 billion, up 56.6% YoY Gross profit reached VND 322 billion, the highest since 2020 Net profit after tax reached VND 294 billion, up 216.7% YoY Net profit margin reached 3.95%, the highest in the past 21 quarters Gross profit margin reached 4.32%, equivalent

Coteccons’ sustainable development journey has once again been recognized as the Company continues to be listed in the Top 20 companies with the Sustainable Development Index (VNSI) announced by HOSE. This is a testament to Coteccons’ relentless efforts in integrating ESG into its business strategy to create long-term value for shareholders, investors and the community.  According to HOSE’s assessment, Coteccons achieved an overall ESG score of 76%, with component scores superior to the industry average and the VN100.  The breakthrough of the Environmental score (E) to 82%, an impressive increase from 68% in 2024, is the clearest proof of the effectiveness of the sustainable development strategy through efforts in management, compliance and environmental protection, applying green construction standards, optimizing resources and reducing emissions.  This score was achieved thanks to a series of outstanding environmental initiatives implemented by Coteccons in recent times, including the application of greenhouse gas inventory software across 100% of project sites; the adoption of innovation and digitalization in project management to reduce emissions; and the promotion of circular economy practices through waste collection and recycling at construction sites. The Company has also planted more than 33,000 native trees in areas affected by climate change in Vietnam (Scope 3). Furthermore, Coteccons has pioneered the use of eco-friendly uniforms made from recycled plastic bottles and coffee grounds, helping foster a sustainable lifestyle across the organization. Coteccons kicks off the natural forest restoration project in Quang Tri, contributing to the regeneration of native ecosystems and spreading sustainable values within the local community Not only creating eco-friendly green buildings, Coteccons is also steadfast with the philosophy of

84.28-35142277
Contact@Coteccons .vn

GENERAL INQUIRIES​