Ho Chi Minh City, March 21, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) officially announced its bid win and the commencement of Package HCMVNU-CW-01 – Construction of buildings YB1, YB2, YB3 and landscape infrastructure under the Vietnam National University Development Project – Vietnam National University-Ho Chi Minh City Sub-project (VUDP-HCM). The package is valued at nearly VND 500 billion, with the International Project Management Unit (VNU-HCM) serving as the Project Owner.
This is the first project financed by a World Bank loan that Coteccons has implemented, with a commitment to allocate 1% of the package value to ensure compliance with ESG programs (abbreviation for Environmental, Social, Governance), a framework used to assess an organization’s impact on Environmental and Social issues.
The groundbreaking ceremony was attended by representatives of Vietnam National University-Ho Chi Minh City (VNU-HCM), International Project Management Unit, Di An City People’s Committee, Coteccons leaders, Supervision Consultants, Design Consultants, Steering Committee as well as Subcontractors and Project Suppliers.
After 3 months of a transparent, rigorous, and professional bidding process, Coteccons is proud to announce its successful bid for the HCMVNU-CW-01 Package, to undertake the construction of 02 items with a total area of nearly 50,000 m²: Construction of buildings YB1, YB2, YB3, and landscape infrastructure. With their experience and capacity in construction, Coteccons is committed to completing the construction package 15 days in advance, shortening the schedule by 10 months as requested by the Project Owner.
Package HCMVNU-CW-01, part of the VUDP-HCM project, has an area of 643.7 hectares with a total investment of USD 116.1 million. The Project is financed by World Bank loans and domestic counterpart funds, with the International Project Management Unit of VNU-HCM serving as the Project Owner.
Mr. Pham Quan Luc, Deputy CEO of Coteccons Business Unit 1, spoke at the event.
Coteccons commits to the Project Owner to strictly adhere to the “Management Strategy and Environmental-Social Implementation Plan” throughout the construction process. The Company focuses on strict compliance with and full implementation of environmental protection solutions at the highest level, including reducing noise, vibration, dust, emissions, wastewater, and waste, as well as managing erosion, landslides, etc. Additionally, the Company demonstrates environmental and social responsibility by implementing solutions for traffic safety management, protection of urban landscapes, VNU-HCM landscapes, groundwater resources, and workers’ camps, etc.
Moreover, Coteccons has set forth a strict and professional working process that is in accordance with international standards. First, AI technology is applied to optimize performance and ensure safety and security at construction sites. Second, advanced construction techniques are continuously innovated and applied to improve quality and reduce construction time.
Mr. Nguyen Quang Bao Phuc, Director of the International Project Management Unit of VNU-HCM, delivered a speech at the event.
Representative of the Project Owner, Mr. Nguyen Quang Bao Phuc, Director of the International Project Management Unit of VNU-HCM, shared: “We expect Coteccons, with its strong brand and reputation, to mobilize maximum resources and closely coordinate with design consultants and supervision consultants to effectively address progress challenges. We hope that the project will be executed with urgency, efficiency, at a high quality, ensuring handover as scheduled.”
“Along Coteccons’ sustainable development journey, ESG standards are upheld to pioneer the adoption of higher standards in Vietnam’s construction industry. We are committed to implementing ESG standards comprehensively in all aspects such as governance, operation, and implementation of the project, as well as selection and collaboration with supply chains and subcontractors. This collaboration with the International Project Management Unit (VNU-HCM) in this project is a testament to our dedication. Coteccons understands that this collaboration is not only key to reinforcing its reputation in the infrastructure sector but also a project to build the future and invest in the education of Vietnam,” shared Mr. Pham Quan Luc.
Over the years, Coteccons has been honored to receive the trust from numerous project owners of large projects, undertaking the construction of Luong Hoa – Binh Chanh Road project, Thuy Van Road renovation (Vung Tau City), Long Thanh International Airport’s Parking Lot, etc. Together with partners, Coteccons is committed to contributing positive values to society and striving to build a sustainable future.
About Coteccons
Coteccons is Vietnam’s leading contractor, with over 20 years of experience in construction and project management. Coteccons is committed to delivering world-class, high-quality, and sustainable projects, contributing to bright futures for the community and the country.
About the Project
The Vietnam National University Development Project – Vietnam National University-Ho Chi Minh City Sub-project (VUDP-HCM) was approved by the Prime Minister in Decision No. 740/QD-TTg dated June 2, 2020.
Set to be completed in 2025, the VUDP-HCM project shall enable VNU-HCM to proactively integrate and cooperate on regional and international levels, develop and optimize financial resources, and contribute to building the VNU-HCM as a smart and sustainable university area of Vietnam.
