Construction workers are a priority in the sustainability strategy.

According to data from the Ministry of Labor, War Invalids, and Social Affairs, the country has about 7 million construction workers, accounting for 13.5% of the workforce aged 15 and over. Especially, in the construction industry, construction workers are the important people contributing to the creation of iconic projects and works.

With the direction of sustainable development, besides taking care of people in difficult circumstances and responding to climate change and community issues, Coteccons realizes that its own employees, construction workers, are also a sector that has received little attention in society.

Therefore, Coteccons has decided to launch the “Xay Tet—Construct Tet” program in order to bring a warmer and better Tet to 12,000 construction workers who are working for subcontractors and suppliers at Coteccons’s construction sites. The program will visit nearly 60 construction sites across the country starting on January 4, 2023.

Coteccons understands that each construction worker has made great efforts to build solid, safe works and always ensure the progress. That is the reason that accelerates Coteccons to give them and their family gifts, to join hands to build a fuller Tet for all!

Besides gift sets for 12,000 workers, the program also organizes meaningful activities such as cutting hair at the construction site, taking souvenir photos, giving free rides back to their hometowns, etc. All these activities are intended to bring short relaxation time to workers during the busy days of running progress on the construction site when the Tet holiday is coming.

This is not only of material value but also a meaningful spiritual gift for construction workers. In addition, Coteccons also conveys a message calling on society to recognize the contributions of this group of people as well as improve their working conditions.

With the direction of “people-centric” company development, Coteccons always strives to create the best working conditions for employees, including construction workers from sub-contractors and suppliers nationwide. From improving a safe, humane, and respectful working environment to ensuring a stable job with a payment policy and other benefits during the working process, which the company identifies as part of the company’s sustainable development strategy.

Pham Quan Luc, Coteccons Deputy General Director, passionately shared: “For Coteccons, in its 18-year history, every success in creating an iconic project is largely thanks to the dedication of the construction workers who are working here. They are not only our ‘partners’ but also the core of creating a respectful and humane corporate culture that helps Coteccons stay strong on the journey to create a better future. Although the market is in difficulty as well as the company, Coteccons still makes efforts to deploy this program in the hope that more companies, partners, and other organizations will join hands, pay more attention, and have more activities for construction workers. Coteccons will always be committed to building a safe, sustainable, and better working environment.”

Journey to Xay Tet 2023 for 12,000 construction workers of Coteccons

In the first week of the new year 2023, Tet gifts were simultaneously sent to more than 6,000 workers and many beautiful moments were captured at projects: Vinhomes Grand Park (District 9, Ho Chi Minh City), Lancaster Legacy (District 1, HCMC), CR8 – 2B&3 (District 7, HCMC), Dolce Penisola (Quang Binh), Diamond Crown (Hai Phong), Vinfast Automobile Assembly Workshop (Hai Phong), Vinhomes Smart City, Nam Cuong Villa area (Hanoi). ), Six Senses (Dong Nai), Hyatt Sapa, CIS (Lao Cai)…

Coteccons will continue the journey of “Xay Tet 2023” at construction sites across provinces and cities nationwide. In the meantime, the company is committed to prioritizing payment so that workers can work with peace of mind and welcome a prosperous New Year after two years of the impact of the pandemic.

Accompanying Coteccons are the Ministry of Labor, War Invalids, and Social Affairs and Dan Tri Newspaper, which have contributed to the success of the Xay Tet 2023 Program. Sharing the meaning of this activity, Mr. Vu Trong Binh, Director of the Employment Department (Ministry of Labour, War Invalids, and Social Affairs), stated at the “Xay Tet” event that took place in Vinhomes Grand Park about the government’s policy that does not leave anyone behind. To implement that policy, the Prime Minister sent a public message to request all levels, branches, and localities in all forms – through the state budget system, to mobilize social and community resources and especially the role of enterprises – to take care of Tet for employees.

Therefore, Mr. Binh highly appreciated the efforts of Coteccons and Dan Tri Electronic Newspaper in implementing the project “Building Tet.” This not only shows corporate social responsibility but also goes hand in hand with the policy of the state.

“In a difficult context, the Xay Tet project demonstrates Coteccons bravery when it not only ensures the lives of workers but also gives them a warm Tet,” Mr. Binh shared.

At Coteccons, the principle of sustainable business is built to harmonize three factors: shareholders, employees, and social responsibility. Employees here include not just approximately 2,000 engineers, the enterprise’s organic architects, but also a force of almost 20,000 construction workers from subcontractors and suppliers operating on Coteccons’ building sites.

The cooperation of businesses that uphold the organization’s responsibility to the community through meaningful projects like “Xay Tet 2023” is not only an effective source of support encouraged by agencies but also a way for the entire society to work together to build a more developed and sustainable community.

The project “Xay Tet 2023” is one of the proofs that Coteccons strives to realize its commitment to make an impact and build a better and more sustainable world every day.


Boost Coteccons’ transformation into a diversified ecosystem through the core construction of integrated technology and green construction. Hanoi, April 17, 2024, Coteccons Construction Joint Stock Company (HoSE: CTD) and Kusto Group signed a strategic partnership agreement to establish and execute an investment strategy in the Vietnamese market. According to the agreement, Kusto Group pledges to invest 200 million USD through a co-investment partnership with Coteccons from 2024 to 2028. This strategic collaboration between Coteccons and Kusto Group will support Coteccons in enhancing its core business by leveraging these strategic investments to achieve important goals such as retaining clients by providing comprehensive solutions and services for Coteccons’ traditional customers and creating an edge in securing the portfolio of long-term customers, which is the foundation for growing revenue and improving profit margins in a context of market turbulence. Moreover, this partnership, based on the common principle values of Kusto Group and Coteccons in sustainable development, once again affirms Kusto Group’s continuing investment activities in the Vietnam market since 2005. Mr. Alexandr Donov, member of the Board of Directors and Chief Financial Officer of Kusto Group, said, “We see the great potential of Vietnam and believe that there is still a lot of room for further development. A strategic partnership with Coteccons is a concrete commitment to contribute to promoting Vietnam on the investment list for our global partners. We believe that Coteccons, our strategic partner, will support us with their expertise and capacity to help us find suitable opportunities, seeking investment

New movements of Coteccons Amidst signs of a recovering business environment, Coteccons (stock code: CTD) – rated BBB by Finnratings with a stable outlook – is experiencing accelerated growth with impressive revenue and profit growth. The company’s robust balance sheet has propelled profits to grow multiply, resulting in a sharp increase in total accumulated profit over the past 6 months compared to the same period last year. In the new fiscal year, Coteccons’ audited financial report for the first 6 months of 2024 shows that the company’s total assets are VND 21,652 billion. Out of this, cash reserves have reached VND 4,304 billion, accounting for 20% of total assets (excluding stock investments and other financial investments). Coteccons has also improved the quality of its receivables from reputable clients, resulting in a decrease of VND 44 billion, or 46%, in bad debt provisions. Furthermore, cost optimization measures have led to a significant reduction in selling, general and administrative expenses by VND 81 billion, or a 28% decrease compared to the same period. By the end of the first half of 2024, Coteccons had achieved revenue of VND 9,784 billion and profits of VND 136 billion, completing 55% and 50% of the set plan, respectively. Besides impressive financial indicators, Coteccons is continuously recognized and honored in other prestigious rankings such as: VNSI Ranking – Top 20 Vietnam Sustainable Index – demonstrates Coteccons’ commitment to actively contribute to the community and social environment. Top 10 reputable contractors and Top 50 Vietnam the

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