GREAT PLACE TO WORK® RECOGNIZES COTECCONS AS AN EXCELLENT WORKPLACE – PROVING THE POWER OF A PEOPLE-CENTRIC STRATEGY

Coteccons has officially been certified as a Great Place To Work® (GPTW) – one of the world’s most prestigious recognitions for workplace excellence, assessed based on rigorous criteria relating to corporate culture, internal trust, and employee experience. Notably, Coteccons is the first large-scale construction enterprise in Vietnam to achieve this certification.

Great Place To Work® – Built from the Hearts of Coteccons People

Great Place To Work® (GPTW) is the global authority on workplace culture, surveying nearly 20 million employees across 18,000 enterprises in 150 countries. GPTW evaluates “great workplaces” using the Trust Index™ Survey, which measures five dimensions: Credibility, Respect, Fairness, Pride, and Camaraderie. 

In Vietnam, only around 200 companies currently hold GPTW Certification – a remarkably small number compared to hundreds of thousands of active enterprises – highlighting the strictness, transparency, and global benchmarking of GPTW’s evaluation framework. 

According to the Trust Index™ Survey, 88% of Coteccons employees agreed that this is a great place to work, significantly exceeding the global benchmark of 59%. This result is a powerful testament to Coteccons’ long-term people-centric human resources strategy.

 Trust Index™ Survey Result 

This certification carries even greater significance amid the severe labor shortage in the construction industrywhere competition for talent is increasingly intenseMany companies face rising labor costs and the risk of workforce instability. In this contextCoteccons’ GPTW achievement is not only a milestone in human capital and culture developmentbut also a strategic advantage that helps the company attractretainand nurture talent sustainably. 

 People-centric leadership strategy – The foundation of a Great Place To Work 

At Coteccons, people are the starting point of every strategy and the purpose behind every development effort. Guided by the philosophy of “Selective Leadership”, Coteccons does not aim to become the biggest at all costs, but instead focuses on becoming the best in strategic areas where people feel respected, supported, and inspired to grow.

Coteccons is committed to becoming the world’s first truly people-centric construction company – a “Human-hearted Company. This philosophy is embedded deeply in the OWN IT culture, where every individual is empowered to take ownership, solve problems proactively, and develop leadership capabilities at every level. At Coteccons, “the right person, at the right place, with the right job” is not a slogan, but a belief that “ordinary individuals”, when placed in the right environment, can achieve extraordinary things. This is how Coteccons invests in human capital: by creating great people, not just searching for them.

This people first mindset has become the firm foundation enabling Coteccons to transform, adapt, and grow sustainably in a highly competitive and high-pressure industry. 

 Empowering Talent and Developing the Next Generation of Leaders 

One of the most transformative milestones in Coteccons’ restructuring journey is the PD Empowerment Modelwhich positions Project Directors (PDsas “mini CEOs” at job sites. 

PDs are entrusted with autonomy in management, operations, and decision-making, supported closely by the executive leadership team. This model has cultivated a new generation of young, capable, and decisive PDs who have successfully led large-scale projects and set new construction benchmarks for Coteccons. 

Complementing this empowerment is a continuous learning ecosystem, clear succession pathways, and a transparent evaluation system, enabling both on-site and office employees to visualize their career trajectories. Empowerment does not merely create strong leaders – it builds a confident, proactive, and united workforce. 

 “The Happy Coteccons: Caring for employee happiness and well-being 

At Coteccons, the journey from a “Human-hearted Company” to “The Happy Coteccons” is not merely a communication slogan, but a profound transformation in leadership mindset, corporate culture, and our approach to sustainable development. 

“The Happy Coteccons” focuses on employee engagementwellbeing, mental health,and work place friendliness – ensuring that people feel supported cared for, and motivated to perform at their best. 

Some highlights include10,000 cups of coffee delivered through the Happy Coffee Truck, 63 million safe working hours, 13,000 hours of safety training, 47,000 hours of professional training via internal programs, coaching and mentoring, more than 200 scholarships for workers’ children, and an intensive internship program with Vietnam National University Ho Chi Minh City. These reflect Coteccons’ strong commitment to investing in human capital.

Happy Coffee Truck – where every cup of coffee carries Coteccons’ care for its people

In addition to GPTW, numerous domestic and international recognitions further affirm the company’s people-first strategy: 

  • HR Asia Awards 2025: Best Companies to Work for in Asia & Most Caring Company 
  • Human Act Prize 2024: Honoring the “Build Tet” community initiative 
  • VBW10 – Top 10 Best Workplaces in the Construction Industry: Coteccons ranked No. 1 

These accolades demonstrate that Coteccons not only builds a great workplace but also creates a positive impact for the community and the broader construction ecosystem.

The joy of GPTW spreads from the office to construction sites – where Coteccons’ culture is nurtured and lived every day

Coteccons’ Great Place To Work® Certification is more than an honor – it is a recognition of the company’s unwavering commitment to putting people at the heart of everything. From empowering employees, developing new generations of leaders, improving well-being, to spreading human-centered values to communities and partners, Coteccons is shaping a workplace that is stronger, more human, and meaningfully different.

Coteccons remains committed to continuously elevating its workplace standards, enhancing benefits, safety, well-being, learning, and career development. The company aspires to be the top choice for talent, where every individual finds joy, value, and purpose in their work every day.

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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,

Hanoi – Nhan Dan Newspaper, in coordination with Coteccons Construction Joint Stock Company (CTD), officially launched the “Xây Tết 2026” program under the theme “Thank You to the Guardians of Happiness”. The program highlights the message that workers’ happiness is built upon 365 days of safe working practices. Safety as Culture, Right, and Responsibility Speaking at the ceremony, Ms. Nguyen Trinh Thuy Trang, Deputy CEO of Coteccons, emphasized that at Coteccons, the principle “If it is not safe, stop work” is not merely a slogan but a core operating rule. Safety engineers are empowered to halt construction to protect workers, and workers themselves are encouraged to refuse tasks that pose potential risks. This mindset transforms safety from a regulation into a voluntary daily practice. Ms. Nguyen Trinh Thuy Trang, Deputy CEO of Coteccons, delivers her remarks at the ceremony In the opening documentary of the event, a Coteccons safety engineer shared a perspective often perceived as that of a “villain” on construction sites—someone who constantly reminds and enforces compliance. Yet, this strictness helps workers build awareness and refuse to work at unsafe, poorly protected sites. The story reflects a reality in which safety has become a defining cultural value across Coteccons’ projects. Why Safety? The construction industry is among those with the highest rates of occupational accidents. Therefore, Coteccons selected “safety” as the central theme of “Xây Tết 2026″ to reaffirm that economic development must go hand in hand with human protection. As a contractor involved in numerous national

Ho Chi Minh City – Nhan Dan Newspaper, the Ho Chi Minh City Press Center, and Coteccons Construction Joint Stock Company have signed a Memorandum of Understanding, officially expanding the “Xây Tết 2026” program in Ho Chi Minh City. The program aims to care for 8,000 workers in the city, including construction workers, environmental sanitation workers, and urban drainage workers. Representatives of Nhan Dan Newspaper, the City Press Center, Coteccons, Ho Chi Minh City departments, enterprises, and charitable organizations jointly performed the ceremony marking their commitment to organizing “Xây Tết 2026” for 8,000 workers within and beyond the construction sector in Ho Chi Minh City “Xây Tết”: A Year-Round Journey of Companionship According to Mr. Nguyen Van Khanh, Deputy Director of the Ho Chi Minh City Press Center, Xây Tết is a large-scale social welfare initiative aligned with the city’s orientation toward comprehensive care for workers’ well-being during the Lunar New Year. Mr. Nguyen Van Khanh, Deputy Director of the City Press Center, delivers remarks at the ceremony “The program not only brings a more fulfilling Tet to workers, but also spreads humane values, a culture of occupational safety, and self-protection awareness within the community”, Mr. Khanh emphasized. The Ho Chi Minh City Press Center will act as the coordinating and communication hub, working closely with Nhan Dan Newspaper, Coteccons, and relevant stakeholders to ensure the program is implemented effectively, in line with its objectives, and generates positive social impact. Highly appreciating the “Xây Tết” program, Mr. Le Nam

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