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, July 30, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) today announced financial results for Q4 FY2025, posting robust growth across key indicators. The performance was driven by efficient execution and on-time delivery of major projects. In addition to surpassing the profit target, Coteccons closed the year with a backlog of VND 35,353 billion, laying a solid foundation for 2026 growth. Coteccons’ consolidated net revenue in Q4 FY2025 reached VND 8,351 billion, up 26.6% year-on-year. Full-year revenue was estimated at VND 24,867 billion, up 18.2% compared to FY2024. Gross profit in Q4 FY2025 was VND 216 billion, with full-year gross profit estimated at VND 778 billion, up 9.2% year-on-year. The Q4 gross margin stood at 2.58%, while the full-year margin was 3.13%. Net profit after tax in Q4 FY2025 was VND 196 billion—2.8 times higher than the same period last year. Full-year profit was estimated at VND 454 billion, representing a 46.6% increase. This strong performance reflects not only rising construction demand but also Coteccons’ ability to accelerate project delivery, boost execution volume, maintain strict cost control, and ensure timely completion. Coteccons was recently recognized as Vietnam’s largest construction contractor in the Fortune Southeast Asia 500 list. Notably, in 2025, Coteccons advanced 72 places compared to its first year of inclusion—underscoring the company’s remarkable business growth. Contract Wins Up 32%, Backlog Over VND 35 Trillion, strengthening the foundation for growth In H1 2025, Vietnam’s construction sector grew 9.62%—its highest first-half growth in the 2011–2025

Ho Chi Minh City, July 15, 2025 – Coteccons (Ticker: CTD) has once again been honored among the Top 50 Corporate Sustainability Awards (CSA 2025), organized annually by Nhip Cau Dau Tu Magazine. This marks the third consecutive year Coteccons has earned a place on this prestigious list. This year, Coteccons was recognized in the S category – Outstanding Corporate Social Responsibility (CSR) Initiatives, highlighting the company’s unwavering efforts to create practical and sustainable value for communities nationwide. In previous years, Coteccons was also recognized for excellence across other ESG pillars, including S – Leading in Diversity, Equity and Inclusion (D.E.I), E – Minimize Carbon Footprint and G – ESG Leadership. Throughout its development journey, Coteccons has consistently implemented meaningful CSR programs guided by the aspiration that wherever Coteccons builds, the surrounding environment becomes greener, safer, more comfortable and meaningful. Among its signature initiatives is the “Xay Tet” (“Building Tet”) program, which over the past three years has delivered nearly 48,000 Tet gift packages and over 25,000 health check-ups to construction workers across Vietnam. In 2024, Xay Tet was awarded the Human Act Prize, a national recognition honoring community-focused initiatives under the auspices of Nhan Dan Newspaper. In addition, the “Nha Minh” (“Our Home”) initiative has to date renovated and repainted 144 public and community facilities – from schools and cultural centers to memorial sites and residential buildings – improving living and working conditions for tens of thousands of local residents. Coteccons has also launched numerous other impactful CSR

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