Tuan Chau Group and Coteccons Construction JSC officially sign a strategic cooperation agreement

03/06/2019 14:08

After researching opportunities for cooperation to combine the strength of the two Parties on the basis of mutual respect, Tuan Chau Group and Coteccons Construction JSC officially organized the signing ceremony of the strategic cooperation agreement on June 3rd 2019 at Coteccons’ Headquarters.
Coteccons - Tuan Chau

Tuan Chau Group and Coteccons held the signing ceremony for the cooperation agreement.

Accordingly, Tuan Chau Group and Coteccons Construction JSC will cooperate in building and developing real estate projects in Quang Ninh, Hanoi, Quang Nam, Vung Tau, Ho Chi Minh City and other potential projects in the future. This strategic cooperation relationship is based on enhancing the competitiveness and strengths of the two Parties, improving the quality and efficiency of projects’ investment and development, creating the synergy of two leading brands in Vietnamese real estate and construction market.

Tuan Chau Group is famous for its two-kilometre-long road project connecting Tuan Chau island to the mainland. Currently, the Group strongly develop in many business areas including real estate, investment, banking, securities, tourism, hotels, yachts, harbours, entertainment…establishing a domestically and internationally strong brand. Many projects marked a mark on the market such as the largest system of artificial yacht terminals in Vietnam with more than 10km of berths, accommodating 2,200 yachts; the leading beach resort in Vietnam; the largest performing arts stage in Southeast Asia with 12,000 seats; the largest water stage in Vietnam, the longest 10-kilometre artificial beach in Vietnam etc. Tuan Chau Group contributes more than 2,000 billion VND per year to the State budget (excluding real estate revenues), creating stable jobs for more than 11,000 workers.

Coteccons Construction Joint Stock Company, with its reputation and experience in designing and constructing large-scale complex projects, owns a value chain in the construction industry with subsidiaries operating in many areas, including construction, investment, aluminum and glass, interior design, building materials trade etc. The company is the leader in the private construction industry in Vietnam for the 9 consecutive years.

Mr. Đao Hong Tuyen – Chairman of Tuan Chau Group made a speech at the signing ceremony.


Mr. Nguyen Ba Duong – Chairman of Coteccons Group delivered his speech at the signing ceremony. 


Tuan Chau Group and Coteccons signed the strategic cooperation contract to develop the project at Tuan Chau Island. 


Overview of the signing ceremony.

At the signing ceremony of the cooperation agreement, the two Parties officially concretized the strategic cooperative relationship by deciding to develop the hotels, villas, resorts and entertainment complex project at Tuan Chau Island, Quang Ninh Province. The project is built on a land area of 4.8 ha, located at the center of Tuan Chau Island with 3 sides facing the sea. The investment value of the project is estimated at VND 4,500 - 5,000 billion. With the capacity, experience, brand position and financial potential of the two Parties, the project promises to provide the market with quality real estate products, bringing high return to investors.

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