Coteccons Construction JSC appoints a new CEO

The Board of Directors (BOD) of Coteccons Construction JSC has decided to promote Mr. Vo Hoang Lam, a current board member, from the position of Deputy General Director to CEO of the Company from August 5, 2022.

Mr. Vo Hoang Lam has been with Coteccons since the company’s inception, and throughout that time, he has held several significant positions at Coteccons, including Site Manager, Division Director, and Project Director. He has approximately 17 years of expertise in working, directing, and operating. He held the title of Deputy General Director of Unicons in 2019 and officially took over as General Director of Unicons on November 1, 2020.

Additionally, he currently serves as Coteccons’ Deputy General Director and has been given the trust to run for election to the Board of Directors in April 2022. He has worked with numerous significant investors and partners, both domestically and internationally, and is acknowledged as one of the key figures in guiding Coteccons to overcome difficulties and take the top spot in Vietnam. Along with the Board of Management and the Board of Directors, Mr. Lam will continue to highlight Coteccons’ advantages in implementing innovations with the assistance of leading national and worldwide experts in related industries.

(Mr. Vo Hoang Lam – Member of the Board of Directors, CEO of Coteccons, is unanimously elected by the Board of Directors of Coteccons to hold the position of CEO)

According to Mr. Vo Hoang Lam, Coteccons will be consistent with the strategic direction of diversification for the new period, concentrating on the core business of building and re-evaluating the role of sites and back office to improve management capacity and encourage empowerment so that the enforcement apparatus at sites can improve self-determination.

(Mr. Vo Hoang Lam – Member of the Board of Directors of Coteccons receives the decision to hold the position of CEO)

Mr. Bolat Duisenov – Chairman of the Board of Directors of Coteccons, also emphasized: that the public, shareholders, and investors have put a lot of pressure on Coteccons during the CEO vacancy. The company has even been put at a disadvantage when bidding for projects. However, the Company is taking its time. And the administrative system is still operating properly. I reiterate that the main value of Coteccons is people. As a result, it is crucial to carefully choose an individual who possesses the essential capacity, quality, and understanding of the Coteccons’ 18-year-old culture. When the Company is completely staffed, I think the four distinctive values – the Coteccons Inside – that have contributed to the Company’s image and brand will be maintained and vigorously promoted.

The selection of Mr. Vo Hoang Lam to the position of CEO and the encouragement of empowerment thus demonstrates the agreement of the Board of Directors, Board of Management, and Shareholders in retaining the heritage, identity, and dedication of the Company, implementing the innovation strategy towards positive changes for Coteccons in the new era.

 

Tags:

RELATED POSTS

Ho Chi Minh City, July 30, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) today announced financial results for Q4 FY2025, posting robust growth across key indicators. The performance was driven by efficient execution and on-time delivery of major projects. In addition to surpassing the profit target, Coteccons closed the year with a backlog of VND 35,353 billion, laying a solid foundation for 2026 growth. Coteccons’ consolidated net revenue in Q4 FY2025 reached VND 8,351 billion, up 26.6% year-on-year. Full-year revenue was estimated at VND 24,867 billion, up 18.2% compared to FY2024. Gross profit in Q4 FY2025 was VND 216 billion, with full-year gross profit estimated at VND 778 billion, up 9.2% year-on-year. The Q4 gross margin stood at 2.58%, while the full-year margin was 3.13%. Net profit after tax in Q4 FY2025 was VND 196 billion—2.8 times higher than the same period last year. Full-year profit was estimated at VND 454 billion, representing a 46.6% increase. This strong performance reflects not only rising construction demand but also Coteccons’ ability to accelerate project delivery, boost execution volume, maintain strict cost control, and ensure timely completion. Coteccons was recently recognized as Vietnam’s largest construction contractor in the Fortune Southeast Asia 500 list. Notably, in 2025, Coteccons advanced 72 places compared to its first year of inclusion—underscoring the company’s remarkable business growth. Contract Wins Up 32%, Backlog Over VND 35 Trillion, strengthening the foundation for growth In H1 2025, Vietnam’s construction sector grew 9.62%—its highest first-half growth in the 2011–2025

On May 24, 2025, Vietnam National University Ho Chi Minh City (VNU-HCM) and Coteccons Construction JSC officially signed a comprehensive Memorandum of Understanding (MoU), marking a key milestone in realizing the “Three Pillars” collaboration model: Government – Academia – Business. More than a conventional partnership, this MoU reflects a long-term commitment by all three stakeholders to co-build an innovation-driven ecosystem where knowledge, technology, and people converge for sustainable development. The signing takes place as Ho Chi Minh City accelerates the implementation of the Politburo’s Resolution No. 57-NQ/TW, which identifies science, technology, innovation, and digital transformation as breakthrough drivers for national growth. The “Three Pillars” model—Government, Academia, and Business—has been defined by VNU-HCM as a strategic triangle and a cornerstone of the national innovation ecosystem. As Assoc. Prof. Dr. Vu Hai Quan emphasized: “Effective three-way collaboration must follow a shared operating principle: co-design, co-implement, and co-share. When enterprises, universities, and government agencies come together to solve major challenges and share the risks, I believe we will achieve our national aspiration to become a high-income developed country by 2045.” Accordingly, the parties will jointly define research goals and share financial benefits derived from successful applications. When this “strategic triangle” functions effectively, it enables the country to leapfrog development stages and break free from the middle-income trap. Speaking at the event, Mr. Tran Luu Quang – Head of the Central Economic Commission – affirmed that the “Three Pillars” collaboration, as guided by Resolution 57-NQ/TW, is the only path toward a brighter future

Ho Chi Minh City, April 15, 2025 – Coteccons Construction Joint Stock Company (Coteccons) is proud to be the only general contractor in the construction industry recognized among Ho Chi Minh City’s Top 50 Outstanding Enterprises and Organizations with Leading Brands and Products. The award was announced at the seminar “The Journey of Creation and Advancement”, organized under the direction of the HCMC People’s Committee and hosted by the Department of Industry and Trade, in celebration of the 50th anniversary of the liberation of Southern Vietnam and national reunification (April 30, 1975 – April 30, 2025). Jointly organized by the HCMC Party Committee, People’s Council, People’s Committee, and the Vietnam Fatherland Front Committee of Ho Chi Minh City, the award program honors the significant contributions of exemplary businesses and organizations to the city’s socio-economic development over the past five decades. It also aims to promote innovation, enhance competitiveness, and support international integration among local enterprises. As one of Vietnam’s leading construction companies, Coteccons takes pride in being part of Ho Chi Minh City’s journey — a vibrant economic, cultural, and social hub. Being named among the Top 50 Outstanding Enterprises is not only a recognition of Coteccons’ achievements but also a strong motivation to continue contributing to the sustainable growth of both the city and the nation. In today’s dynamic development landscape, Ho Chi Minh City stands as a “locomotive” of the national economy, driven by pioneering businesses and the enduring spirit of entrepreneurship. Coteccons is proud to be

84.28-35142277
Contact@Coteccons .vn

GENERAL INQUIRIES​