3 construction 'giants' win nearly 3,400 billion VND bid at Long Thanh Airport

On September 16, a source from VTC News Electronic Newspaper confirmed that the HANTA2 Joint Venture, including Coteccons Construction Joint Stock Company, Hanoi Construction Corporation – JSC (Hancorp) and ATAD Steel Structure Joint Stock Company, has just won package 7.8 of Component Project 3 - Essential works in Long Thanh International Airport Phase I, with a winning bid price of VND 3,379 billion.

Long Thanh Airport is being rushed to construction. (Photo: Luong Y)

Package 7.8 includes the construction of the body, outdoor infrastructure, equipment installation for Cargo Terminal 1 and auxiliary works. The contract implementation period is 330 days.

With a capacity of 550,000 tons of cargo per year, this project plays a key role in air transport exploitation, worthy of Long Thanh - the largest airport in Southeast Asia. The project helps ensure the progress and scale of exploitation according to ACV's plan, while creating a foundation for Long Thanh to become a regional cargo transit center.

With a scale of 8.4 hectares of construction floor area and a building height of up to 30m, package 7.8 requires advanced steel-concrete structural solutions, synchronous and urgent construction within 330 days, including holidays and Tet.

Urgent progress and complex technical requirements make this bid a big challenge for construction enterprises, with the Coteccons consortium being selected with complementary strengths.

Coteccons has carried out large-scale aviation infrastructure projects such as: Tan Son Nhat Cargo Terminal, Terminal T2 - Noi Bai, or most recently, Package 11.5 in Long Thanh (Parking Garage item, worth more than 3,143 billion VND).

In addition to aviation, Coteccons is also present in a series of typical public investment projects such as: Luong Hoa - Binh Chanh Road project, Thuy Van Road Improvement (Vung Tau City), Ho Chi Minh City National University...

Responding to VTC News, Mr. Vo Hoang Lam, Deputy General Director of Coteccons, said that public investment and infrastructure are opening up a 'big battle' for the Vietnamese construction industry. The company determined that this segment will become a strategic pillar in parallel with civil construction, helping to diversify its project portfolio, consolidate sustainable revenue sources and create long-term growth momentum.

“This is not only a business opportunity, but also a way for us to contribute to the national development foundation and realize the target of 3 billion USD in revenue and 1 billion USD in capitalization,” said Mr. Lam.

According to estimates by the Global Infrastructure Hub, on average, Vietnam needs 25 billion USD (about 659,000 billion VND) each year in the next 20 years, mostly focused on transportation.

In the fourth quarter of fiscal year 2025, Coteccons' consolidated net revenue reached VND8,351 billion, up 27% year-on-year. In the 12 months, net revenue reached nearly VND24,867 billion, up 18%.
The company's gross profit in this fiscal year recorded more than 778 billion VND, up 9% over the previous year. However, the gross profit margin decreased slightly from 3.38% to 3.13%.
Coteccons' total profit after tax in fiscal year 2025 reached VND454 billion, up 47% over the previous year. This is Coteccons' highest profit since 2020 - the period of pandemic and economic recession.
In the fourth quarter of fiscal year 2025 alone, Coteccons' after-tax profit reached more than VND196 billion, 2.8 times higher than the same period last year. This enterprise also owns a Backlog (projects to be implemented in the future) worth nearly VND35,400 billion.

DAI VIET

Source: https://vtcnews.vn/3-ong-lon-xay-dung-trung-goi-thau-gan-3-400-ty-dong-o-san-bay-long-thanh-ar965758.html