COTECCONS WINNING THE INTERCONTINENTAL HA LONG BAY RESORT & RESIDENCES PROJECT

Ho Chi Minh City, July 2nd, 2021, Coteccons Construction Joint Stock Company announced the winning bid for InterContinental Ha Long Bay Resort & Residences project from BIM Land Real Estate Company under BIM Group. Accordingly, Coteccons was honored to be selected as the General Contractor for the first international-standard luxury coastal resort project in the North after passing the strict and professional selection of the bidding process from the Investor and Mace – the unit of project management, construction management and quality supervision. This project is expected to be completed by the end of December 2022.

InterContinental Ha Long Bay Resort & Residences is located at Peninsula 2, Ha Long Marina Complex, Hung Thang Ward, Bai Chay, Ha Long City. With an area of 4.5ha, the project consists of the 580m long coastline with a direct view to Ha Long Bay. The overall project includes a hotel with 175 rooms, a limited collection of 41 villas and 60 luxury resort apartments named Sky Residences. Besides, the utility complex of the project includes Spa Village Garden, multi-purpose gym, Planet Trekkers children’s playground, 5 restaurants, 2 bars and a large conference room. In total, the project has an investment capital of USD 90 million.

Operated by a world leading brand with a team of reputable consultants as well as experienced general contractors and project managers, InterContinental Ha Long Bay Resort & Residences affirms that this brand deserves its position as the most international-standard classy coastal resort project in Ha Long and the North.

Mr. Adam Owen Riley, Head of Hospitality – BIM Land said: “The team of reputable domestic and international contractors, supervisors, and design consultants in the luxury real estate segment is the guarantee for the 5-star standard of the InterContinental brand in general and the InterContinental Ha Long Bay project in particular.”

Over the past 20 years, Coteccons’ reputation has been clearly demonstrated in high-class construction projects of various types from hotels, resorts, residential areas, infrastructure, industrial parks across the country such as: fast constructing the Casino Hoiana project with a total value of over 7,000 billion VND; topping out 1.5 months ahead of schedule at Metropole Thu Thiem – the highlight project in Thu Thiem peninsula; winning both phases of Ho Tram Strip with more than 550 luxury resort rooms in Ba Ria – Vung Tau; building Landmark 81 – the peak of Southeast Asia with a height of over 460m for millions of safe- hours; completing the 6-star project – The Marq located in the center of Ho Chi Minh City, building Vinfast auto factory with an area of ​​​​over 750,000 m2 … and a series of other projects with international 5-star standards such as The Nam Hai Resort Hoi An, Crowne Plaza Phu Quoc, Le Meridien Da Nang… along with safety, quality and progress which always being the top criteria guaranteed by large customers in the market and the works that the company has done before.

Mr. Nguyen Viet Toan – Coteccons Site Manager at InterContinental Residences Ha Long Bay shared: “With experience in high-class projects across Vietnam, we believe that InterContinental Ha Long Bay Resort & Residences in the future will be the highlight in Ha Long Bay. Along with additional infrastructure facilities such as yacht marina, coastal square and Ha Long Sailing Club, the project will definitely be our great project in Ha Long city in particular and Vietnam in general. Coteccons affirms the commitment with a team of leading engineers and architects to bring the project to the finish line, ensuring the highest labor safety, top quality on schedule.”

Coteccons has always been a reliable partner of many organizations in the construction market, taking the role of general contractor at hundreds of typical projects, contributing to the development of Vietnam. Not only changing society’s perception of the role of general construction contractors, Coteccons also brings outstanding values ​​to investors thanks to optimizing human resource costs for project management, increasing the efficiency of cash flow for the investor due to the shortened project schedule. Coteccons are always proactive in all stages, advising on construction methods and materials suitable to the investor’s capital. Most of all, Coteccons shares solutions to reduce risks during construction with the investor, from valuable experiences accumulated with hundreds of large and small projects.

In July 2021, the investor will officially introduce 60 Sky Residences high-rise resort apartments. In particular, the investor BIM Land also revealed that a limited edition of 6 Beach Villas will be introduced to investors at the beginning of the third quarter of 2021

 

Tags:

RELATED POSTS

Ho Chi Minh City, September 25, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) has announced its audited consolidated financial statements for fiscal year 2025, with several positive adjustments compared to the previously released unaudited figures. The results reaffirm the Company’s efforts in cost control and operational efficiency amid a challenging construction market. Specifically, the audited FY2025 results highlight the following positive growths: Consolidated net revenue reached VND 24,885 billion, an increase of VND 18 billion compared to the unaudited report, completing 99.5% of the target set at the FY2024 Annual General Meeting (AGM). Despite industry headwinds such as intense competition and rising material and labor costs, Coteccons effectively controlled expenses and enhanced project execution capabilities. As a result, gross profit rose to VND 815 billion, up VND 37 billion, lifting the gross margin to 3.28%, nearly on par with last year’s level (3.39%). Operating profit reached VND 533 billion, an increase of VND 4 billion after audit. The operating profit margin improved to 2.14%, up 0.69 percentage points year-on-year. Net profit after tax rose by VND 2 billion compared to the unaudited report, fulfilling 106% of the annual plan. Return on average equity (ROE) reached 5.09%, a 1.49 percentage point improvement year-on-year. As of June 30, 2025, Coteccons’ consolidated total assets stood at VND 29,701 billion, up VND 118 billion from the pre-audit report and increasing 30% compared to FY2024. The debt-to-total-assets ratio remained low at 10%, reflecting a healthy capital structure with strengthened financial scale and

At the Shareholders’ Day event on September 20, 2025, Coteccons’ Chairman – Mr. Bolat Duisenov delivered candid insights on the company’s strategy and long-term vision, beginning with three keywords that he believes will shape not only the construction sector but also the trajectory of Vietnam’s economy in the decades ahead.  On September 20, 2025, Coteccons held its Annual Shareholders’ Day at the construction site of the APEC Convention Center project in Phu Quoc.  Opening the dialogue, Chairman Bolat Duisenov outlined an ambitious 20-year vision for Coteccons, aligned with the country’s development, beginning with the keyword Urbanization. He highlighted that with Vietnam’s current urbanization rate at 40%, the nation stands at a similar stage to where China was two decades ago. This not only signals vast growth potential but also presents significant opportunities for the construction industry to shape an integrated infrastructure ecosystem — spanning roads, bridges, airports, hospitals, and schools.  Continuing on the growth trajectory, Mr. Bolat emphasized the theme of Industrialization. Vietnam is emerging as a regional “industrial hub,” attracting over 60% of total FDI into manufacturing and high-tech sectors. With advantages in a young and skilled workforce, strategic geographic location, and strong government support, well-prepared and capable construction companies are positioned to seize this golden opportunity.  The final cornerstone of the strategic vision is Globalization. As Vietnam’s position on the international stage continues to strengthen, Coteccons is boldly venturing into the vast ocean. With projects already executed and underway in Laos, Cambodia, Myanmar, India, and Taiwan, and

On September 12, 2025, Coteccons, in collaboration with the local authorities of Tuyen Lam Commune, Quang Tri Province, organized the groundbreaking ceremony of the “Community Forest Plantation Project at Ban Ke,” initiating the planting of 11,777 native trees across 10.6 hectares to restore watershed protection forests. This marks the fourth year that Coteccons has partnered with Quang Tri Province to implement reforestation projects aimed at a Greener Vietnam, bringing the total number of native trees planted to 33,063. This achievement reflects Coteccons’ steadfast commitment to sustainable development. Coteccons Pledges to Safeguard Natural Forests in Quang Tri The reforestation initiative is part of Coteccons’ annual activities. It originates from the GreenUP Marathon launched in 2022. Built on the GreenUP foundation, Coteccons is committed to creating lasting values for communities and society, grounded in integrity, transparency, solidarity, and sharing. Carrying on this vision, Coteccons, together with Quang Tri’s local government, planted 11,777 trees of three rare native species – Erythrophleum fordii (Lim Xanh), Toona sinensis (Xoan Dao), and Michelia mediocris (Gioi Xanh) – at the Ban Ke community forest in Tuyen Lam Commune. This effort contributes to restoring watershed protection forests, preventing erosion, enhancing climate resilience, and sustainably supporting local livelihoods. The ceremony took place with the presence of leaders from Quang Tri Province, representatives from the People’s Committee of Tuyen Lam Commune, members of the Community Forest Management Board, the Chut ethnic community, as well as students and volunteers.   During the ceremony, Mr. Dinh Xuan Thuong – Secretary and

84.28-35142277
Contact@Coteccons .vn

GENERAL INQUIRIES​