URBAN GREEN COMMAND OFFICE OFFICIALLY TOPS OUT THE PROJECT   

Ho Chi Minh City, on the morning of January 24, 2024, Coteccons officially topped out Urban Green, a project developed by Kusto Home – a prestigious real estate brand under the multinational Kusto Group. The topping-out ceremony was attended by representatives from the client, the company’s leadership, the supervision consultant, the project management team, as well as subcontractor partners and suppliers involved in the project. 

Urban Green marks the second collaboration between Coteccons and Kusto Home following the success of the Diamond Island project. Built on a scale of 20,203m², including one basement with an area of 12,322m² and two 24-story blocks, with a construction density of 32.3%, Urban Green, when completed, will offer a modern and comfortable living space for residents. The total project floor area is 100,746m², designed with high standards and over 60 amenities including sports, leisure, and green spaces, promising to create a high-class and convenient urban area that meets the living needs of residents in a hotspot for technology and economic development in Ho Chi Minh City. 

As the general contractor for the structural, finishing, and infrastructure works of the Urban Green project, Coteccons faced unique challenges with the 16-20m of weak mud geology, and the necessity to address infill construction, which posed significant safety risks during foundation and basement floor construction. To tackle these challenges, Coteccons engineers implemented a unique construction method using CDM piles ranging from 5-8m in length to replace the weak soil beneath the foundation and basement floor, enhancing the load-bearing capacity of both the foundation and basement floor while ensuring safety during the excavation of the basement pit under difficult geological conditions. 

Additionally, during the infrastructure construction, the Site Management Board had to contend with frequent waterlogging on the small road in front of the project, caused by the insufficient capacity of the existing drainage system. To resolve this issue, the Site Management Board had to construct a new drainage line, a new road, and improve the overall situation. 

Through experience and professionalism in project management, Coteccons not only achieved safety, quality, and progress but also provided the highest satisfaction for the client The total structural construction progress exceeded the initial commitment by 39 days, a proud achievement for the energetic, passionate, and dedicated team of engineers, demonstrating their determination to achieve the highest goals. 

The Urban Green project is not only the result of a successful collaboration between Coteccons and Kusto Home but also a reflection of Coteccons’ professionalism and dedication to every project we undertake. 

Upon handover to residents, Urban Green is expected to become a highlight on the city’s real estate map, meeting the demand for high-quality, green, and modern living standards. 

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​