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




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

Boost Coteccons’ transformation into a diversified ecosystem through the core construction of integrated technology and green construction. Hanoi, April 17, 2024, Coteccons Construction Joint Stock Company (HoSE: CTD) and Kusto Group signed a strategic partnership agreement to establish and execute an investment strategy in the Vietnamese market. According to the agreement, Kusto Group pledges to invest 200 million USD through a co-investment partnership with Coteccons from 2024 to 2028. This strategic collaboration between Coteccons and Kusto Group will support Coteccons in enhancing its core business by leveraging these strategic investments to achieve important goals such as retaining clients by providing comprehensive solutions and services for Coteccons’ traditional customers and creating an edge in securing the portfolio of long-term customers, which is the foundation for growing revenue and improving profit margins in a context of market turbulence. Moreover, this partnership, based on the common principle values of Kusto Group and Coteccons in sustainable development, once again affirms Kusto Group’s continuing investment activities in the Vietnam market since 2005. Mr. Alexandr Donov, member of the Board of Directors and Chief Financial Officer of Kusto Group, said, “We see the great potential of Vietnam and believe that there is still a lot of room for further development. A strategic partnership with Coteccons is a concrete commitment to contribute to promoting Vietnam on the investment list for our global partners. We believe that Coteccons, our strategic partner, will support us with their expertise and capacity to help us find suitable opportunities, seeking investment

New movements of Coteccons Amidst signs of a recovering business environment, Coteccons (stock code: CTD) – rated BBB by Finnratings with a stable outlook – is experiencing accelerated growth with impressive revenue and profit growth. The company’s robust balance sheet has propelled profits to grow multiply, resulting in a sharp increase in total accumulated profit over the past 6 months compared to the same period last year. In the new fiscal year, Coteccons’ audited financial report for the first 6 months of 2024 shows that the company’s total assets are VND 21,652 billion. Out of this, cash reserves have reached VND 4,304 billion, accounting for 20% of total assets (excluding stock investments and other financial investments). Coteccons has also improved the quality of its receivables from reputable clients, resulting in a decrease of VND 44 billion, or 46%, in bad debt provisions. Furthermore, cost optimization measures have led to a significant reduction in selling, general and administrative expenses by VND 81 billion, or a 28% decrease compared to the same period. By the end of the first half of 2024, Coteccons had achieved revenue of VND 9,784 billion and profits of VND 136 billion, completing 55% and 50% of the set plan, respectively. Besides impressive financial indicators, Coteccons is continuously recognized and honored in other prestigious rankings such as: VNSI Ranking – Top 20 Vietnam Sustainable Index – demonstrates Coteccons’ commitment to actively contribute to the community and social environment. Top 10 reputable contractors and Top 50 Vietnam the

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