On June 12, 2026, Coteccons, in collaboration with HSC, organized an exclusive Site Tour for investors at the Pearl Theatre project, designed by Pritzker Prize-winning architect Renzo Piano. The project is one of Coteccons’ flagship developments, where the Company serves as the main contractor.
The Site Tour forms part of Coteccons’ ongoing efforts to enhance transparency and strengthen engagement with the investment community by providing first-hand insights into the Company’s project execution capabilities, construction standards, and operational management system.
From Contractor to Comprehensive Solution Provider for Complex Projects
Through on-site visits and presentations delivered by the Project Management Team, investors gained a deeper understanding of how Coteccons approaches highly demanding projects, where design, engineering, and construction must be seamlessly integrated.
A key highlight of the project is Coteccons’ implementation of the fast-track delivery model, under which design development and construction are carried out simultaneously. By working closely with the project owner from the early design stage, Coteccons helps optimize technical solutions while progressively establishing itself as a comprehensive solution provider that accompanies clients throughout the entire project lifecycle.
The Pearl Theatre has a total gross floor area of approximately 40,980 square meters and features a striking cast-in-place reinforced concrete shell roof inspired by the rippling waves of West Lake. The roof shell varies in thickness from 200 to 700 millimeters. At its thinnest point, when compared proportionally to an eggshell, it is even thinner than the shell of an egg. Its reflective ceramic finish creates a distinctive “pearl” effect that changes with natural light.
Spanning approximately 17,000 square meters with free-form geometry, nonlinear structural systems, and exceptionally dense reinforcement, the project is regarded as one of the most technically challenging construction works in Vietnam today.
For projects of this nature, architectural form is inseparable from structural performance, requiring near-perfect construction precision. This means that project delivery depends not only on construction expertise but also on the capability to understand, coordinate, and control highly sophisticated structural systems in accordance with international standards.
Mr. Do Duc Vu, Deputy Site Manager, shared technical insights into the project
“High-Barrier Projects” – The Foundation of Sustainable Competitive Advantage
Highly complex developments such as the Pearl Theatre demand exceptional control of construction tolerances within intricate geometries, continuous coordination between design and construction, and meticulous risk management at every stage. These “high-barrier projects” are increasingly differentiating Coteccons from conventional contractors, reinforcing its transformation into a trusted strategic partner for landmark developments.
Mr. Nguyen Tung Lam, Site Manager, provided further technical insights into the project
Risk Management: From Systems to On-Site Execution
One of the key topics raised by investors was how Coteccons manages project costs and construction risks. Mr. Le Minh Hoang, Project Director, explained that the Company’s risk management philosophy is built around the principle of “early detection, early intervention, and impact minimization” through a comprehensive quality control process, similar to preventive health screening. This proactive approach enables Coteccons to identify potential issues at an early stage, effectively control deviations during construction, and minimize their financial impact on project performance.
Mr. Le Minh Hoang, Project Director, shared his insights with investors
Regarding material cost management, Mr. Nguyen Hong Son from the Finance and Accounting Division explained that Coteccons’ centralized early procurement strategy helps mitigate the impact of material price fluctuations. In addition, the Company and project owners have established cost-sharing mechanisms that enable both parties to collaboratively drive projects toward successful completion.
Integrating ESG into Construction Site Operations
Alongside meeting demanding technical requirements, Coteccons continues to integrate Environmental, Social, and Governance (ESG) principles into day-to-day construction operations. Rather than remaining a strategic commitment, ESG is translated into practical actions such as optimizing construction methods, reducing material waste and unnecessary costs, maintaining clean and well-organized construction sites, improving waste management and resource efficiency, and fostering a green mindset among project teams.
According to Ms. Dinh Thi Hong Tham, Corporate Affairs at Coteccons, risk management is implemented consistently across all levels of the organization—from the Board of Directors to construction sites—and has become an integral part of the Company’s operational culture.
Ms. Dinh Thi Hong Tham – Corporate Affairs shared her perspectives with investors
Mr. Bui Xuan Nhan, Senior Safety Supervisor, introduced the Company’s “Safety First” principle and ESG practices implemented throughout the project
By opening its construction sites to investors and facilitating direct discussions with project teams, Coteccons continues to promote transparency through practical engagement. These Site Tours provide tangible evidence of the Company’s project execution capabilities and governance system. Looking ahead, Coteccons remains committed to strengthening communication with the investment community while offering greater transparency into its construction excellence, management practices, and long-term sustainable development strategy.
