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




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

“In general, the market has not had many clear developments in the real estate sector, even in big cities such as Ho Chi Minh City and Hanoi. Only a few new investment projects are licensed. Therefore, our reports also show caution, considering market trends to make revenue and profit forecasts.” This was the first comment of Mr. Bolat Duisenov – Chairman of the Board of Directors of Coteccons Construction Joint Stock Company (CTD) at the 2023 Annual General Meeting of Shareholders that took place on the afternoon of October 17. For the year of 2023, Coteccons expects revenue to reach 6,744 billion VND, consolidated profit after tax to reach 52 billion VND. Meanwhile, in the 2024 fiscal year (from July 1, 2023 – June 30, 2024), Vietnam’s No. 1 Construction Group sets revenue and profit after tax targets of VND 17,793 billion and VND 274 billion, respectively. billions dong. However, according to the “captain” of Coteccons, the business still has certain strengths, with much better results than other companies in the same industry. Mr. Bolat also emphasized Coteccons’ spirit of transparency and willingness to meet and answer any questions from shareholders. We failed but not defeated! Coteccons aims to participate in the fields of infrastructure and renewable energy. While there are many works and projects in this field, Coteccons is still only a spectator. The goal of reaching 3 billion USD in revenue and 1 billion USD in market capitalization by 2025 is just an empty slogan. So can

HO CHI MINH CITY, Vietnam, 6 June 2023: Coteccons, one of the top construction companies in Vietnam, today announced to sign a three-year Memorandum of Understanding (MoU) with Microsoft Vietnam to accelerate its innovation and value chain in the construction industry leveraging the power of artificial intelligence (AI) and cloud technology. Founded in 2004, Coteccons has successfully grown in both size and reputation to become one of the top construction companies in Vietnam for delivering world-class projects, including Residential, Commercial, Hospitality, Infrastructure, and Industrial. The company always aims to invest in modern construction practices and the most advanced technologies to ensure that Coteccons remains at the cutting edge of its industry. Vo Hoang Lam, CEO of Coteccons, said: “We would like to be one of the first examples in how to digitalize the construction industry in Vietnam. We recognize that there is an urgent need to apply established technologies and techniques in new ways in order to improve not only management efficiency and productivity, and ultimately the welfare of stakeholders, but also ESG performance. Coteccons decides to take the journey to the cloud. We are looking for a trusted technology partner who can help accelerate the growth strategy and do more with fewer resources, enabling us to focus on innovation. We are confident about this collaboration with Microsoft as the backbone of our digital journey.” Through this strategic collaboration, Coteccons will leverage Microsoft’s technology and solutions to accelerate digital transformation in four areas: helping Coteccons engage their customers better, landing

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