Coteccons pursues sustainable development with governance as its spearhead, ensuring alignment from leadership mindset to on-site operations. This approach enabled the company to cut more than 237,000 tons of CO₂e during fiscal year 2025 (July 2024 – June 2025).
Over the past year, the company used 48% green steel—equivalent to more than 300,169 tons—sourced from suppliers certified under LEED, EPD, and LCA standards. At the same time, Coteccons incorporated over 41.2 million XMCL bricks (non-fired bricks), accounting for 50% of the total bricks used during the year.
Beyond materials, Coteccons invests in people and operational excellence. More than 200 employees were trained in greenhouse gas inventory to strengthen ESG implementation at construction sites. The company rolled out safety and welfare programs for workers, recording over 46.5 million safe working hours across 56 projects and providing more than 14,000 free health check-ups for laborers. Between 2022 and 2025, Coteccons also planted over 33,000 native trees to help restore upstream forests.
Ho Chi Minh City, December 19, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) has officially approved the acquisition of 100% equity in GEO Foundations Vietnam (formerly Bauer Vietnam), a company with 100% foreign investment in Vietnam by BAUER SPEZIALTIEFBAU GMBH (Germany), one of the global pioneers in specialized foundation engineering. This acquisition marks a strategic move for Coteccons to strengthen its core technical capabilities, expand its BuildTech ecosystem, and accelerate its growth strategy in anticipation of the public investment cycle for 2026–2030. BAUER, headquartered in Schrobenhausen (Germany), is a world leader in specialized foundation engineering and underground construction. BAUER SPEZIALTIEFBAU GMBH boasts over 50 years of deep expertise, having executed thousands of complex projects worldwide and set high technical standards for modern foundation construction. GEO Foundations Vietnam inherits the full technological platform, processes, and quality standards from its parent company in Germany. Established in 2006, the company has achieved significant milestones by participating in large-scale projects across various sectors, including oil refineries, shopping centers, high-rise residential buildings, commercial-service complexes, key infrastructure, and government projects. Not only has GEO Foundations Vietnam been entrusted with some of the most prestigious projects in Vietnam, but it also strictly adheres to BAUER’s international technical standards in every project. With a team of experienced engineers and managers both locally and internationally, the company is committed to delivering superior construction quality and services that meet the most demanding client requirements. GEO Foundations Vietnam has participated in approximately 60 infrastructure, industrial, and high-rise projects,
- December 31, 2025
