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 the morning of May 7, 2026, the Celesta Gold Project was officially launched with a groundbreaking ceremony along Nguyen Huu Tho Avenue, a strategic growth corridor in Ho Chi Minh City. The ceremony was held in a formal setting with the attendance of Mr. Vo Hoang Lam, CEO of Coteccons BU1, together with representatives of the project developers and business partners. Appointed as the main construction contractor for a contract package valued at over VND 1 trillion, the event not only marked the commencement of a new premium residential development in Southern Saigon, but also reaffirmed Coteccons’ proven execution capability in the high‑end real estate segment. At the same time, it highlighted the tangible effectiveness of Coteccons’ “repeat sales” strategy, as international developers continue to entrust the company with large‑scale projects. Celesta Gold, jointly developed by Keppel, Phu Long, and Nomura Real Estate Vietnam, is built on a land area of more than 1.28 hectares, comprising a 25‑storey development with one basement level. The project is designed to deliver 420 luxury residential apartments, complemented by a commercial podium including officetel units and retail space. Oriented toward sustainable development, Celesta Gold applies Singapore’s BCA Green Mark Gold certification and is scheduled for completion within 19 months. The successful award of Celesta Gold holds significant strategic importance, marking the second consecutive “repeat sale” project that Keppel (Singapore) has entrusted to Coteccons in Ho Chi Minh City, following the successful delivery of The Infiniti project. Commenting on this continued partnership, Mr.

For the fourth consecutive year, Coteccons has secured the No.1 position in the Top 10 Most Reputable Construction Contractors 2026, as announced by Vietnam Report in collaboration with Vietnamnet, reaffirming the Company’s resilient fundamentals amid an increasingly competitive industry landscape. The Top 10 Most Reputable Construction Contractors 2026 ranking, published by Vietnam Report, is built upon  objective criteria including financial capacity, media credibility, and expert evaluations. As Vietnam’s construction sector enters a strong recovery phase, this year’s ranking highlights the clear advancements of leading contractors, not only in business performance but also in their ability to deliver large-scale and complex projects.  Ms. Dinh Thi Hong Tham, Corporate Affairs Director, representing Coteccons, received the award Entering 2026, Vietnam’s construction industry has recorded a notable recovery, driven by record-high public investment disbursement and stable foreign direct investment (FDI) inflows. According to Vietnam Report, in 2025, the sector’s gross value added (GVA) grew by 9.62%, outpacing overall GDP growth and reinforcing construction’s role as a key economic growth engine. Nevertheless, the industry continues to face structural challenges, including rising input costs, talent shortages, and increasing demands on project execution capabilities.  Coteccons’ sustained leadership is underpinned by strong financial performance. In the first half of fiscal year 2026, the Company recorded revenue of approximately VND 17,459 billion, representing a nearly 50% year-on-year increase, while profit after tax reached VND 523 billion, posting a robust 165% growth. Notably, Coteccons achieved a record-high backlog of approximately VND 62,500 billion, reflecting a healthy project pipeline and

Ho Chi Minh City, February 5, 2026 – Coteccons Construction Joint Stock Company (HOSE: CTD) officially announces the Report on Bond Issuance Results, confirming that Coteccons has successfully offered 14 million bonds with a total issuance value of VND 1,400 billion. The successful placement is fully aligned with Coteccons’ long-term financial strategy, aiming to diversify funding sources, optimize capital structure, maintain liquidity and operation. In the context of a corporate bond market that remains cautious, Coteccons’ successful issuance of an unsecured bond package – is a clear testament to the capital market’s and leading investors’ trust in the Company’s financial strength, governance quality, and long‑term growth prospects. For many years, Coteccons has consistently and fully met all of its financial obligations with strict discipline – a principle that has become a core part of the Company’s operating philosophy. The bonds were issued in strict compliance with applicable laws, supported by complete documentation, transparent disclosures, and close supervision from regulatory authorities. At the time of issuance, Coteccons maintained a solid financial structure and demonstrated strong business performance. The first six months of fiscal year 2026 recorded significant year‑on‑year growth in both revenue and profit, while the Company’s backlog reached a record USD 2.4 billion, reinforcing its financial capacity and ability to meet all obligations related to the issued bonds. The proceeds from the bond issuance will be deployed in accordance with the approved plan, aimed at optimizing the Company’s capital structure to support business operations and facilitate expansion during the

84.28-35142277
Contact@Coteccons .vn

GENERAL INQUIRIES​