Real estate welcomes public investment wave, construction enterprises restructure to break through

The real estate market is gradually recovering after a period of stagnation thanks to the increase in public investment capital and FDI. Along with that, many construction enterprises, sectors closely linked to the market movement, are adjusting their strategies and restructuring to adapt to the new period. Recent shareholders' meetings have clearly reflected this trend.

Signals of change from businesses

On October 20, Coteccons (code CTD) held its annual general meeting of shareholders, announcing a revenue plan of VND30,000 billion and after-tax profit of VND700 billion for the 2026 fiscal year. According to the report of Mr. Tran Ngoc Hai, Deputy General Director of the Commercial Division, the total value of unrealized contracts (backlog) reached VND51,600 billion, an increase of more than 56% over the same period last year.

On October 20, Coteccons (code CTD) held its annual general meeting of shareholders.

Mr. Tran Ngoc Hai said that 2025 is considered the “first harvest of public investment and infrastructure”, when many key national projects enter the construction phase, including Long Thanh airport and the southern expressways. The rate of customers renewing contracts of enterprises also increased to more than 75%, showing the recovery of confidence in the construction sector.

At the congress, Chairman of the Board of Directors Bolat Duisenov stated that Coteccons' orientation for the 2025 - 2030 period is "Serving to lead", aiming at a sustainable organizational model. He said that the restructuring process in recent years has helped the business operate more transparently and adapt better to market changes.

Deputy General Director Nguyen Trinh Thuy Trang, in charge of Coteccons Operations Division, also said that the focus in the coming period is to improve organizational capacity and develop human resources. “A big vision is meaningless without excellent people to implement it. We consider human resources as investment capital, not management costs,” Ms. Trang emphasized.

According to Coteccons's report, the management apparatus has been reorganized towards "flexible, empowered and transparent operations", focusing on core values ​​such as human development, labor safety and digitalization of construction processes. The philosophy of "Unite to Rise - Together to Rise" is considered the spirit throughout the change process.

Previously, a series of large real estate enterprises such as Khang Dien, Nam Long, Novaland , Everland... also held early shareholders' meetings, agreeing to adjust their business plans in a cautious direction, focusing on developing affordable housing, industrial parks and technical infrastructure. Many enterprises believe that 2025 is a pivotal time for the recovery cycle of the entire market.

These orientations reflect the general trend of the construction and real estate sector today, which is to shift from a project-based growth model to a capacity-based growth model. Instead of massive expansion, businesses focus on green supply chains, cost management and public-private partnerships (PPP) to create stable cash flow.

According to the Ministry of Planning and Investment , FDI capital flows are expected to reach 28-30 billion USD in 2025, an increase of 8-10% compared to the previous year; public investment accounts for about 6% of GDP. These are factors that help the real estate and construction market have a basis to grow again.

Recovery opportunities and old challenges

According to experts, the real estate market in 2025 will still have two bright and dark sides. On the one hand, public investment, infrastructure and industrial zones will continue to attract large capital; on the other hand, the commercial housing market will still have an oversupply in the high-end segment and a shortage of social housing.

According to the Ministry of Construction , investment capital in infrastructure accounts for about 30% of total investment in the entire economy, while the number of housing transactions in Hanoi and Ho Chi Minh City has increased by 15-20% compared to the same period in 2024. Experts say this is a signal that the market has bottomed out and entered a period of slight recovery.

For construction companies, prospects come not only from the civil sector but also from infrastructure, industry and export of technical services. Some Vietnamese units, including Coteccons, have begun to receive projects abroad such as India and Taiwan, opening up new directions in human resources and technology.

Coteccons Deputy General Director Nguyen Trinh Thuy Trang shared at the annual shareholders' meeting.

However, challenges still exist, material prices, interest rates and legal procedures are factors that can affect the progress and profit margins of the enterprise. In the audit report, Coteccons said that cash flow from main production and business activities in 2025 is still negative, due to the long payment cycle of public investment projects.

Despite many difficulties, analysts believe that the 2025-2026 period could be the time to establish a new growth base. The shift of the global supply chain, FDI capital flows into industrial zones, and policies to support social housing credit are opening up opportunities for selective recovery.

At the corporate level, the trend of restructuring management and investing in people is considered a long-term step. “Believing in the potential of human growth is the beginning of true leadership,” said Ms. Thuy Trang.

According to Mr. Bolat Duisenov, “every organization must renew itself to go further”. This view reflects the reality that while the real estate market still faces many variables, the movement from within the enterprise, in culture, management and human resources, is the factor that creates endurance.

Signals from shareholder meetings show that the construction and real estate industry is entering a period of positive adjustment. The fact that many businesses choose to restructure, control risks and focus on human resources shows that they no longer aim for growth at all costs.

If public investment continues to be disbursed on schedule, project legal issues are resolved, and FDI capital flows remain stable, the real estate market in 2026 - 2028 can enter a clearer recovery cycle. In which, construction enterprises, those who lay the foundation for infrastructure, will still play a pioneering role in that reconstruction process.

Source: https://baotintuc.vn/bat-dong-san/bat-dong-san-don-song-dau-tu-cong-doanh-nghiep-xay-dung-tai-cau-truc-de-but-pha-20251020162551113.htm