COTECCONS MAINTAINS TOP 1 POSITION IN THE TOP 10 BUILDING CONTRACTORS RANKING 2024  

On April 24, 2024, at the National Convention Center in Hanoi, Vietnam Report Joint Stock Company (Vietnam Report) in collaboration with VietnamNet Newspaper held the announcement ceremony for the Top 10 Building Contractors 2024. Accordingly, Coteccons continues to lead the Top 10 Building Contractors ranking. 

This positive result is not merely the culmination of efforts in successfully completing projects, but it also marks a significant achievement in Coteccons’ strong focus on establishing its position as an “Industry Leader” by putting people at the center and pursuing sustainable values with the goal of becoming the top choice for customers, partners, investors, and talents, as well as diversifying products and services to maximize value for customers. 

Mr. Nguyễn Chí Thiện – Managing Director receiving the Certificate and award plaque from the program 

The Coteccons brand not only plays the role of a leading construction contractor but also serves as a guarantee of the quality of iconic projects across the provinces, contributing to the sustainable development of the country. Leading the Top 10 Building Contractors 2024 is clear evidence of the efforts and unity of the entire Coteccons team.  

We sincerely thank the community and partners for their tremendous support and contributions to Coteccons’ success, and we commit to continuing the solid path to becoming an “Industry Leader,” aiming for a bright future for Vietnam’s construction industry. 

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Hanoi, October 5, 2024 – At the Vietnam Construction Awards 2024 event, Coteccons Construction Joint Stock Company (HOSE: CTD) and Unicons Construction Investment Company Ltd. proudly received recognition in the following categories: Top 5 Most Reputable and Quality Contractors in Vietnam and Top 5 Construction Enterprises of the Year 2024. The awards were assessed and organized by the Vietnam Construction Association, a member of the Vietnam Union of Science and Technology Associations and a member of the Asian Civil Engineering Coordinating Council (ACECC). The awards honor businesses and contractors who have made outstanding contributions to the construction sector. Coteccons leads both categories, reaffirming its position as a top industry player with ambitions to be recognized as the “Industry Leader” in Vietnam’s construction industry.  The event was attended and chaired by Dr. Dang Viet Dung, Chairman of the Vietnam Construction Association. Other notable attendees included Mr. Bui Xuan Dung, Deputy Minister of Construction; Mr. Le Trung Thanh, Director of the Department of Building Materials (Ministry of Construction); Prof. Dr. Nguyen Van Lien, former Deputy Minister of Construction and Vice Chairman of the Vietnam Construction Association; Mr. Tong Van Nga, former Deputy Minister of Construction and Vice Chairman of the Vietnam Construction Association; Dr. Hoang Van Thang, former Deputy Minister of Agriculture and Rural Development and Vice Chairman of the Vietnam Construction Association; and Mr. Pham Khac Thuong, General Secretary of the Vietnam Construction Association. Also in attendance were representatives from various provincial Departments of Construction, officials, experts, scientists, and a

On the afternoon of October 3, 2024, at the Government Office, Coteccons had the honor of attending the Prime Minister’s working session with contractors, construction associations, and unions. The session provided Coteccons the opportunity to contribute ideas on addressing difficulties and obstacles in the construction of national key projects.  Prime Minister Pham Minh Chinh presided over the meeting, with the participation of Politburo member and First Deputy Prime Minister Nguyen Hoa Binh; Central Committee members: Deputy Prime Ministers Tran Hong Ha and Ho Duc Phoc; Minister and Chairman of the Government Office Tran Van Son; Minister of Construction Nguyen Thanh Nghi; Minister of Natural Resources and Environment Do Duc Duy; leaders of ministries, central agencies; and representatives of nearly 30 enterprises and contractors involved in the construction of key national projects, as well as construction associations.  The meeting highlighted numerous current challenges in the implementation of national key projects. Coteccons is well aware of these difficulties but remains optimistic about the market’s future and continues to pursue sustainable development. We strongly believe in the Government’s leadership and the upcoming development directions. Additionally, Coteccons is grateful for this opportunity to contribute our voice alongside the Government and construction enterprises in developing the nation’s infrastructure.  At the conference, Mr. Pham Quan Luc, Deputy General Director of Coteccons, presented five strategic proposals to help resolve obstacles and create favorable conditions for major contractors wishing to contribute to national key projects, including:  First, relaxing criteria related to similar experience: Evaluating contractor capacity based

While many companies strive to become the “king” of the market – the Market Leader, Coteccons introduces a new term: Industry Leader. Many are skeptical and consider it merely a marketing message from a “dreamy builder.” In reality, Coteccons has specific strategies in place to become a pioneer and lead the entire Vietnamese construction industry forward while also achieving significant accomplishments in revenue growth and sustainable development. To ensure transparency after closing the 2024 fiscal year (from July 1, 2023, to June 30, 2024), on September 18, Coteccons Construction Joint Stock Company (Stock Code: CTD) held a shareholder dialogue at a unique location – the Lotus Tower construction site in Ben Nghe Ward, District 1, Ho Chi Minh City. The event, as described by Mr. Bolat, aimed to “transform Coteccons into an open book, ready to disclose all information with nothing to hide from.” Not afraid to become the crazy ones, go against the grain and take on challenges to become an Industry Leader People say the “Market Leader” is the king of the market, so what does “Industry Leader” mean? What advantages and challenges that Coteccons face in becoming an Industry Leader? Mr. Bolat Duisenov: Coteccons aims to become an Industry Leader, not a Market Leader. A Market Leader focuses on leading in revenue and profit indicators, sometimes even “destroying the industry” to maintain financial dominance. In contrast, an Industry Leader “lifts up” – leading the entire industry forward in every aspect. As I often mention, we are

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