Ho Chi Minh City, June 24, 2024 – Fortune magazine, a renowned global business publication, has for the first time released a list of the largest companies in Southeast Asia. Notably, Coteccons, the largest construction company in Vietnam by scale, has been featured in this list for the construction industry. 


Fortune Southeast Asia 500, a list of the top 500 largest companies in Southeast Asia, screens companies through a rigorous process. The indexes are collected publicly and transparently through data provided by businesses to competent state agencies and are re-certified by two third-party independent testing organizations, Refinitiv and S&P Global Market Intelligence. Coteccons, recognized as the largest construction company in Vietnam by scale, appearing on this list reaffirms its leading position in the Vietnamese construction industry. This also attests to Coteccons’ impressive business results and financial strength in a transparent manner. 

In particular, this recognition comes as Coteccons prepares to conclude its fiscal year on June 30, 2024. The current business growth trend indicates that Coteccons’ revenue is expected to exceed the 2024 target by more than 20,000 billion VND. With pioneering steps, Coteccons has made its mark with sustainable construction projects, including the Pandora factory—Pandora’s largest factory in Southeast Asia, meeting LEED standards; the Lego Factory—Vietnam’s first carbon-neutral factory; the Suntory Pepsi Factory—a project applying the most modern green technology in the Asia-Pacific region; and the Logos Project—a high-quality complex of warehouses, factories, and offices for rent. 


Chairman Bolat Duisenov shared: “This achievement clearly demonstrates the capacity and dedication of our management team, recognized through the leadership and outstanding efforts of all employees during the challenging times of the Covid pandemic and the Company’s restructuring process over the past years. These efforts have significantly restored the Company’s growth rate in both revenue and profit. Our perseverance has been rewarded with the outstanding growth and success we enjoy today. We would like to express our gratitude and appreciation to all our employees and close partners who have stood by our side over the years.” 

Coteccons recorded revenue by the end of 3Q2024 reaching 14,400 billion VND, achieving 81% of the planned target, with profit after tax reaching 240 billion VND, hitting 88% of the plan. Additionally, other financial indicators show positive and robust growth trends on a solid financial and operational basis. If Coteccons completes the 2024 revenue plan of 20,400 billion VND as proposed, the company will achieve a compound annual growth rate (CAGR) of 26.8% from 2023 to 2024. This impressive growth is particularly noteworthy given the challenging macroeconomic context and the difficulties faced by the entire construction industry. 

With broad foresight, Coteccons identified opportunities during three years of restructuring, embedding sustainable construction into the company’s DNA. We have shifted our business strategy to capitalize on the FDI wave, resulting in an approximately 50% increase in our FDI revenue. 

Our risk management strategy, focused on “Repeat Sales,” continues to be effective. Investors who have previously cooperated with Coteccons are entrusting us with more projects for the next phase. Evidence of this success is seen in the first nine months of the year, during which Coteccons secured a series of large contracts worth over 15,000 billion VND. This provides a solid guarantee of a robust job pipeline for the future. 

With the ambition to fulfill our mission as a pioneering enterprise and “Industry Leader,” Coteccons is continually striving to connect with partners and support businesses in creating a green ecosystem. Our goal is for ESG principles to become a DNA of Vietnam’s No. 1 construction contractor, guiding us toward the position as the “Industry Leader.” 

Being listed in the Fortune 500 Southeast Asia list has affirmed the success of the “Coteccons Way” in promoting efforts on transparency and integrity to become an “industry leader” by creating safer, more comfortable, and more meaningful habitats for everyone. This is the sweet fruit of the great efforts of all Coteccons employees. 

Coteccons is committed to continuing to strive and innovate to bring the best value to shareholders, customers, and the community. We are very grateful for everyone’s support and companionship over the years and look forward to new steps in the future. 

 About Coteccons 

Coteccons is the largest construction company in Vietnam in terms of scale and financial strength. With a pioneering vision, Coteccons leads in applying technology to develop a green, clean, civilized and transparent construction industry in Vietnam. Our transparent and honest way of working, combined with strong financial potential, aims to make Coteccons the number one choice for customers, partners, and employees. We are dedicated to building safer, more comfortable and meaningful habitats for future developments. 


Hanoi, July 16, 2024, Coteccons Construction Joint Stock Company (HoSE: CTD) and Daewoo Engineering & Construction Co., Ltd. signed a memorandum of understanding on international cooperation with the aim of jointly developing potential project opportunities in the construction sector in the global market (including Vietnam).  Representative of Daewoo E&C (right) and representative of Coteccons (left) at the MOU ceremony Accordingly, Daewoo and Coteccons will cooperate in large-scale EPC (engineering, procurement, and construction) projects in Vietnam released by the public sector or government-related entities, as well as other EPC projects in the global market where Daewoo participates as the main contractor and intends to subcontract a certain part of the works.  Daewoo and Coteccons will cooperate in EPC projects globally Established in 1973, Daewoo E&C has contributed to the economic development of Korea as well as the world and is a leading enterprise in the construction industry in Korea. With passion, dedication, continuous innovation, and modern technology, Daewoo E&C has successfully invested in and developed many quality projects globally, including architectural, civil engineering, petrochemical, and power generation activities. In addition, Daewoo E&C has chosen Vietnam as a key market to expand its business, realize real estate development projects, and contribute to creating a modern and spacious urban appearance for Vietnam.  Speaking at the signing ceremony, Mr. Jung Won Ju, Chairman of the Board of Directors of Daewoo E&C, expressed: “Today’s signing ceremony is a remarkable milestone for the cooperation between Daewoo E&C and Coteccons. In the international market, we are

– In support of the Green Vietnam project, Coteccons pledges to donate one green tree for each athlete who completes 5 km. – 11,000 trees in each province will contribute to the goal of planting primary forests in Quang Binh and Quang Tri.   Ho Chi Minh City, June 18, 2024 – Coteccons Construction Joint Stock Company (HoSE: CTD) in partnership with Tuoi Tre Newspaper, Department of Culture, Sports and Tourism of Long An Province and Dong Tam Company held a Press Conference to announce the launch of the third season of GreenUP Marathon – Long An Half Marathon 2024 with the message “Run beyond the finish line”. The running event is expected to attract more than 4,000 athletes to participate in Can Giuoc District, Long An Province on August 24, 2024, with 3 distances: 5km – 10km – 21km. Accordingly, the Organizing Committee offers a special prize, which is an airplane ticket and a ticket to participate in the Laguna Phuket Marathon, taking place in Thailand in 2025 for the First Male – First Female position at the 21km distance. The first marathon to cross an international port in Vietnam Keeping the criteria of a unique running route, GreenUP Marathon season 3 gives athletes a different experience with a unique running route – through Long An International Port, the export and import center of the Mekong Delta region, or a chance to admire the tallest flagpole in Indochina with a windy view of the Soai Rap river channel,

On April 25, 2024, the Board of Directors of Coteccons Construction Joint Stock Company (stock code: CTD) approved the Decision to revise the business plan for fiscal year 2024 (spanning from July 1, 2023 to June 30, 2024). Specifically, Coteccons sets a new revenue target of 20,000 – 20,500 billion VND, replacing the earlier-approved goal of 17,793 billion VND. This adjustment also translates into a revised post-tax profit goal, shifting from the previous aim of 274 billion VND to 288 – 296 billion VND.  Coteccons announced the decision to raise its new business goal after assessing positive results that maintained the growth trend during the first 9 months of the new fiscal year.  By the end of March 2024, Coteccons’ revenue reached 14,400 billion VND, completing 81% of the planned target. Additionally, profit after tax amounted to 240 billion VND, occupying 88% of the proposed plan. Other financial indicators also demonstrate growth trends, both financially and operationally. Notably, Coteccons has enhanced the quality of accounts receivable by allocating provisions of 180 billion VND for bad debts. Moreover, general and administrative expenses have decreased by 16 billion VND, marking a 7% reduction over the same period. Based on the revised fiscal year, the reviewed financial statements for the first nine months of 2024 reflect Coteccons’ total assets amounting to 20,900 billion VND, of which cash and short-term financial investments account for 14%. Furthermore, adding to its roster of successful bids, Coteccons – Unicons has secured a series of substantial bid

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