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 to the same period last year
- New contracts reached VND 19,300 billion, raising Coteccons’ backlog to VND 51,600 billion – the highest in its history
Decoding Success: Rebuilding to Lead
Behind the impressive growth figures and a record-high backlog is a decisive restructuring journey.
To build a new era as an Industry Leader and progress toward becoming a Great Company, Coteccons launched the next phase of organizational transformation, focused on three pillars: culture, people, and organizational capability. The core objective is to create strong and comprehensive alignment across the entire system, ensuring both agility and efficiency while maintaining discipline and professionalism.
Coteccons boldly implemented a pivotal restructuring initiative: the Executive Committee (ExCom) model. ExCom consists of senior executives and key managers responsible for strategy execution, daily operational decisions, and organizational development across Coteccons and its subsidiaries.
In parallel with ExCom’s management role, the company adopted a Business Unit (BU) model. Each BU operates with its own objectives, responsibilities, and mechanisms to maximize opportunities and strengths.
While the new structure initially raised certain doubts, the subsequent business breakthroughs and strengthened system capabilities have proven its effectiveness. Most BUs have demonstrated high levels of autonomy and strong performance.
Coteccons’ leadership acknowledges that no organizational model is perfect. Therefore, the company continuously observes, evaluates, and adjusts to maintain operational excellence.
Committed to Quality-Driven Growth and Value-Driven Sustainability
A resilient and flexible governance system provides the foundation for Coteccons to elevate its development direction in the new phase.
If “Lead by Excellence” represents the operational pillar, then “Build with Purpose” represents the spiritual pillar. Coteccons defines its mission not only as constructing buildings, but also as establishing new standards for the industry and society through key commitments: ESG compliance, emissions reduction, adoption of green materials, investment in digital transformation, safety, transparency, and fostering a culture of service for the benefit of the community and the nation.
“Xây Tết”, the program initiated by Coteccons and partnered with many units has gradually become a platform for jointly caring for the material and spiritual well-being of employees
Recognition from reputable institutions for corporate governance excellence, along with strong profit growth in Q1 FY2026, reaffirms Coteccons’ solid position in the market. The company continues to demonstrate that transparent and scientific governance is a powerful engine for sustainable growth.
Coteccons enters 2026 not only as a company that has overcome past challenges, but also as a symbol of transformation in the construction industry, where competition shifts from price-based to standard and quality-based. Guided by the philosophy “Lead by Excellence, Build with Purpose,” Coteccons is shaping a development model where profitability, innovation, and social contribution move forward together, embodying the spirit of a true Industry Leader in the era of global integration.
