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. 

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Just two days after being honored at the “Vietnam Listed Company Awards 2025” (VLCA 2025), on December 5, 2025, Coteccons Construction Joint Stock Company (HOSE: CTD) continued to make a strong impression as it simultaneously received two prestigious recognitions: the “Top 50 Pioneering Enterprises Committed To Improving Corporate Governance In Vietnam” (VNCG50) in Ho Chi Minh City and the “Top 100 Sustainable Enterprises in Vietnam” (CSI100) in Hanoi. Mr. Pham Quang Vu – Board Member, representing Coteccons, receiving the VNCG50 award Ms. Dinh Thi Ngoc Bich – Independent Member of the ESG Subcommittee, representing Coteccons, receiving the Vietnam Sustainable Enterprise certificate These accolades represent the highest level of recognition from reputable domestic and international institutions. Specifically, the CSI 2025 award is organized by the Vietnam Chamber of Commerce and Industry (VCCI), spearheaded by the Vietnam Business Council for Sustainable Development (VBCSD), in coordination with the Central Policy and Strategy Commission, The Ministry of Natural Resources and Environment, the Ministry of Home Affairs, the Vietnam General Confederation of Labor, and the Ministry of Finance.  Meanwhile, the VNCG50 is hosted by the Vietnam Institute of Directors (VIOD) in collaboration with the International Finance Corporation (IFC), the Swiss State Secretariat for Economic Affairs (SECO), and the State Securities Commission of Vietnam (SSC).  These are all leading rankings that reflect the quality of corporate governance, information transparency, and sustainable development standards in line with international best practices recommended by the OECD, the assessment criteria of the ASEAN Scorecard, and the sustainability reporting standards under GRI.  As FTSE Russell officially upgraded Vietnam’s stock market

Ho Chi Minh City, December 03, 2025 – At the 18th “Vietnam Listed Company Awards 2025” (VLCA 2025), Coteccons Construction Joint Stock Company (HOSE: CTD) was proudly recognized in the “Top 10 Companies with Best Corporate Governance” – Mid-cap group. Ms. Vu Thi Chan Phuong – Chairwoman of the State Securities Commission awarded the certificate to the Representative of Coteccons, Mr. Vo Hoang Lam, Deputy General Director of Coteccons The award is organized by HOSE and evaluated by an independent panel of experts, with scoring and review conducted by the Big 4 – the world’s leading auditing firms. In addition, representatives of the Stock Exchanges and the State Securities Commission directly review the entire information disclosure process and the company’s compliance with corporate governance regulations. This achievement affirms Coteccons’ journey of governance reform, enhanced transparency, sustainable development efforts, and its pioneering role in Vietnam’s construction sector in recent years. The moment of honoring the Top 10 Companies with Best Corporate Governance – Mid-Cap Group Transparency Yields Results: Profitability Surges A solid governance foundation has served as the launchpad for Coteccons’ strong business performance, reflected through the standout figures in its Q1 FY2026 financial results (July 01, 2025 – September 30, 2025): Net revenue reached VND 7,452 billion, up 56.6% YoY Gross profit reached VND 322 billion, the highest since 2020 Net profit after tax reached VND 294 billion, up 216.7% YoY Net profit margin reached 3.95%, the highest in the past 21 quarters Gross profit margin reached 4.32%, equivalent

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