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. 

RELATED POSTS

On June 18, 2025, Coteccons (Ticker: CTD) has once again been named among the Fortune Southeast Asia 500, the prestigious annual ranking by global business magazine Fortune that highlights the 500 largest companies in the region. This marks the second consecutive year Coteccons has made the list, reaffirming its leading position in Vietnam’s construction sector with FY2024 revenue reaching VND 21.045 trillion, post-tax profit of VND 310 billion, and a project backlog of VND 37 trillion as of Q3 FY2025. As Southeast Asia’s construction industry increasingly demands higher standards in safety management, sustainability, and execution capabilities of large-scale projects, Coteccons continues to assert its pioneering role through a people-centric development strategy, a safety-first mindset, and a clear ambition to become an Industry Leader. Launched in 2024, the Fortune Southeast Asia 500 ranking is published annually and based on companies’ fiscal-year revenue. Coteccons Climbs 72 Places, Becomes Vietnam’s Top-Ranked Construction Company in Fortune Southeast Asia 500 Fortune’s Southeast Asia 500 ranks the largest companies across seven countries: Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia. According to Fortune, these 500 companies represent a dynamic region contributing approximately 7.2% to global GDP and recording impressive growth (source: World Economics). The 2025 list, released June 17, shows the combined revenue of the 500 companies at USD 1.82 trillion—up 1.7% from USD 1.79 trillion last year. The minimum revenue required to make the list dropped by 14% to USD 349.4 million. The top 10 companies accounted for USD 660 billion (36% of

As April arrives, Coteccons construction sites across the country — from highlands to lowlands, urban centers to coastal regions — are adorned with the vibrant red of the national flag flying proudly atop tower cranes, scaffolding, and at site entrances. Among the most moving moments are those when the Vietnamese flag is flown across the sky by aircraft, right above the very structures taking shape, leaving a lasting and powerful impression. At Coteccons, this is more than an annual tradition. It is a heartfelt tribute to the generations who secured the peace we enjoy today. It is also a steadfast commitment to our mission of nation-building — powered by the intellect and craftsmanship of the Vietnamese people. Each Coteccons project is not merely a technical endeavor; it is a manifestation of trust, dedication, and the aspiration to build a modern, sustainable Vietnam rooted in national identity. Join us in revisiting the sacred and radiant moments captured during this year’s 30/4 celebration.

Ho Chi Minh City, April 29, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) today announced its financial results for the third quarter of fiscal year 2025 (Q3FY25). The Company reported a record-breaking total backlog of nearly VND 37 trillion. In a parallel milestone, CTD stock has been officially added to the VNDiamond Index by the Ho Chi Minh Stock Exchange (HOSE) during the April 2025 rebalancing, marking a significant leap in Coteccons’ position in Vietnam’s financial market. For Q3FY25, Coteccons posted consolidated revenue of VND 5,003 billion, a 7.2% increase year-over-year, driven by accelerated key project delivery and expanded construction output. Cumulatively for the first nine months, revenue reached VND 16,647 billion, up 15.2% over the same period in FY2024. Gross profit remained under pressure due to a 9% increase in cost of goods sold, driven primarily by input cost fluctuations due to macroeconomic impacts and turbulent in the world. Gross profit for the quarter came in at VND 156 billion, while net profit after tax was VND 57 billion. For the nine-month period, gross profit rose 14% to VND 559 billion and net profit after tax rose 5.8% to VND 255 billion. The gross profit margin improved to 3.12%, up from 2.93% in the previous quarter, thanks to cost optimization and improved project execution efficiency. CTD stock was recently included in the VNDiamond Index by HOSE in the April 2025 review. This marks Coteccons’ entry into this prestigious index after restructuring. This index represents high-quality “blue

84.28-35142277
Contact@Coteccons .vn

GENERAL INQUIRIES​