MANDARIN ORIENTAL BEACHFRONT VILLAS PROJECT – DA NANG OFFICIALLY GROUNDBREAKS

On March 20, 2024, the Mandarin Oriental Beachfront Villas Project, developed by The Nam Khang Corporation, officially broke ground in Hoa Hai Ward, Ngu Hanh Son District, Da Nang City. 

The groundbreaking ceremony was attended by Mr. Dinh Ba Thanh – Client from The Nam Khang Corporation, along with representatives from the project operating unit. On behalf of Coteccons, Mr. Vo Hoang Lam – CEO, and representatives from various departments and the site management team were present. Additionally, the ceremony welcomed representatives from the British Consulate General in Ho Chi Minh City, local authorities, relevant agencies, and other partners. 

In his speech at the groundbreaking ceremony, Mr. Vo Hoang Lam, CEO of Coteccons, emphasized Coteccons’ role in the development of this iconic project in Da Nang City, a project that aims to redefine luxury living and services in Vietnam. 

 

“For Coteccons, we are pioneering a new standard for construction projects in Vietnam, with the goal of repositioning Coteccons as a ‘Global Brand’ in the future. We are building strategies, architecture, brand value ecosystems, brand culture, and international brand communication day by day. The collaboration and partnership with international brands like Mandarin Oriental are incredibly meaningful,” shared Mr. Lam. 

Mr. Vo Hoang Lam – CEO of Coteccons speaks at the Groundbreaking Ceremony

With expertise and experience from executing numerous projects in the Da Nang area, such as Intercontinental Son Tra, Fusion Da Nang, Casino Nam Hoi An, Novotel Song Han, The Nam Hai Resort, Hyatt Regency, The Ocean Villas, etc., Coteccons is confident that our core competencies and experience will deliver the best service quality, meeting international standards to satisfy Safety, Quality, Progress, and Customer Satisfaction requirements. Additionally, Coteccons commits to adhering to ESG principles, aiming towards sustainable construction and development aligned with community and societal benefits. 

The Mandarin Oriental Beachfront Villas Project in Da Nang features a construction area of 23,362 m², comprising 82 villas, including 20 villas with long-term ownership, along with service areas, amenities, and restaurants. Located on one of the world’s most beautiful beaches, as rated by Forbes, and only 15 minutes from Da Nang International Airport, the Mandarin Oriental Beachfront Villas Project in Da Nang is expected to deliver world-class experiences upon completion. 

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Ho Chi Minh City, October 2, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) is honored to be recognized at the IR Awards 2025 by Vietstock and the Vietnam Association of Financial Executives (VAFE), winning the two most prestigious distinctions in the Mid-Cap category: “Individual Investors’ Best Choice” and “Financial Institutions’ Best Assessment.” This also marks the fifth consecutive year that Coteccons has been certified as meeting the Information Disclosure Standards – a strong testament to the company’s commitment to transparency, accountability, and open dialogue with shareholders.  According to Vietstock, this year 460/691 listed companies (equivalent to 67%) satisfied the Information Disclosure Standards, marking the highest ratio in the 15-year history of the IR Awards. Against this backdrop, Coteccons distinguished itself as the sole representative of the construction sector to be honored, reaffirming its pioneering role in elevating investor relations (IR) practices and corporate governance standards in Vietnam’s construction industry.  Beyond providing information, Coteccons redefines the role of Investor Relations (IR) through its philosophy of “Designing Expectations.” Through initiatives such as Shareholders Day, Tet at Construction Site Livestreams, and exclusive site tours for investors, the Company bring shareholders directly to the projects – where value is created – to witness first-hand Coteccons’ construction capabilities, as well as internationally certified safety and quality management systems.  Mr. Bolat Duisenov, Chairman of the Board of Directors of Coteccons, shared: “We are willing to engage in dialogue even with shareholders who own just a single share. At the same time, we aim

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On August 22, 2025, at the Archify Live conference organized by Hubexo with the theme “Eco-Friendly Architecture – Building a Sustainable Future”, Mr. Dương Trọng Nghĩa, Project Director of Coteccons, participated in a panel discussion alongside other industry experts and shared his perspectives on the rising trend of green buildings and the journey of Vietnamese contractors expanding into international markets. Balancing Quality and Cost – Coteccons’ Perspective Mr. Nghĩa noted that the tension between cost and quality in construction isn’t solely driven by clients—intense competition among contractors, especially in the real estate market downturn post-COVID-19, plays a major role. He emphasized: “Clients cannot push prices down if contractors themselves do not engage in fierce competition, creating a ‘red ocean’.” Coteccons opts instead to optimize through smart strategies—financial management, centralized procurement, and value engineering—to deliver real value rather than resorting to price undercutting. Green Buildings – An Inevitable Trend Regarding sustainability, Coteccons’ representative shared that nearly all their FDI-led projects now conform to green building standards (LEED, Lotus, GreenMark, EDGE). Locally, 20–30% of Vietnamese clients are aiming for green certification. Mr. Nghĩa remarked that while green buildings used to cost 10–20% more, today the premium is minimal thanks to the widespread availability of green materials and solutions. Crucially, contractors and architects must recognize their responsibility to reduce emissions and contribute to sustainable development. In practice, Coteccons has already implemented multiple green initiatives such as using solar power or LED lights for temporary site lighting, managing dust with rainwater, installing washing

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