Coteccons records winning bid value exceeding 10,000 billion VND

First quarter 2025 financial results: Coteccons records contract value exceeding VND 10,000 billion.

Coteccons has just announced its Q1 2025 fiscal year report, recording positive business growth and winning bids for a series of large projects, further solidifying Coteccons' leading position in the Vietnamese construction industry.

Coteccons' fiscal year begins on July 1st and ends on June 30th of the following year. At the end of the first quarter of fiscal year 2025, Coteccons recorded impressive growth figures with revenue reaching VND 4,759 billion, an increase of 15.4%; gross profit reaching VND 205 billion, an increase of 105%; and after-tax profit reaching VND 93 billion, an increase of 39.46% compared to the same period last year. Notably, the gross profit margin increased by 1.89%, reaching 4.32%. This is the result of a strategy focusing on projects with good profit margins and measures to improve operational efficiency over the past two years.

Over the past period, the Debt Collection Department and the Risk Management Department have worked actively and effectively to reverse provisions for bad debts and minimize concentration risk. This is also the first quarter since 2020 that the Company has not made any additional provisions for bad debts.

Continuously making its mark with a series of key projects at the beginning of fiscal year 2025.

From the beginning of the 2025 fiscal year to the present, Coteccons and Unicons have won bids for numerous large-scale projects in the civil, industrial, and infrastructure sectors, with a total value of up to VND 10,300 billion, creating a solid foundation for the company to achieve its business goals for the next period. Notably, the repeat sales rate/total number of awarded projects reached 69%, highlighted by projects from Sun Group , Ecopark Group, and BWID…

Specifically, after successfully completing the basement section of the Sun Ponte Residence project, making an impression with progress and quality that met the investor's expectations, Unicons was honored to undertake the contract for the main structure of the project. Previously, Unicons has been and is currently collaborating with Sun Group on a series of large projects such as Premier Village Ha Long, Sailing Bay – Hon Thom, Kiss Bridge & Show Vortex, and Sunset Village.

Sun Ponte Residence is located in a prime location in Da Nang city, boasting 26 above-ground floors and 3 technical floors, with a total floor area of ​​over 59,000 m2. A highlight of the project's architecture is the connecting section between the two towers from the 4th floor upwards, promising to become a new landmark on Tran Hung Dao street in Vietnam's most livable city.

Following its success with the Tay Ho View project in Hanoi and the Han River waterfront tourism service area (including the basement and main structure), Coteccons continues to be entrusted by the investor Sun Group with the role of general contractor in a series of large-scale projects, including the Modern and Innovative Urban Area ( Ha Nam ); Olalani Riverside Towers and the multi-functional hotel, tourism, entertainment, and performance complex in Da Nang; along with the MEP package for the apartment complex east of Tran Hung Dao Street and the Han River waterfront tourism service area, with a total contract value reaching trillions of VND.

Mr. Nguyen Chi Thien – General Director of Coteccons Business Unit 2, speaking at the groundbreaking ceremony.

The implementation of these projects is a continuation of the strategic cooperation agreement signed by Coteccons – Unicons and Sun Group in September 2024. This agreement marks a long-term commitment between the two parties in constructing many key projects nationwide, strengthening Coteccons – Unicons' capacity to lead in large-scale and complex construction projects.

Following the success of the Yen Phong CN14.1 industrial development project at VSIP Bac Ninh, Coteccons continues its collaboration with BWID to implement the CN7 – CN8 project at Pho Noi A Industrial Park, Hung Yen. As a major FDI investor, BWID sets stringent technical and quality standards, aiming for LEED Gold certification upon project completion. With extensive experience in large-scale FDI industrial projects such as LEGO, Pandora, and Suntory PepsiCo factories, Coteccons has demonstrated its ability to meet complex technical requirements and adhere to international sustainability standards such as LEED Gold and LEED Platinum. This combination of technical expertise and commitment to sustainability criteria has helped Coteccons solidify its leading position in the industrial construction sector, becoming the preferred choice for international investors with high demands for quality and sustainability in their projects.

Furthermore, the Thuy Van Road Upgrading Project by the Vung Tau City People's Committee marks Coteccons' first achievement in its strategy of diversifying revenue sources from public investment. This is one of the key projects, receiving significant attention and guidance from all levels of government, with the goal of "Developing Vung Tau City into a high-quality, world-class tourism center." Coteccons is proud to serve as the General Contractor for this project.

Partnering with a series of new investors.

With extensive experience in industrial factory construction, Unicons has surpassed many other contractors to win the bid for phase 3 of the Cheng Loong Binh Duong Paper factory project. In this project, Unicons will construct the G3 main power substation and the wastewater treatment plant for areas 1 and 2.

Most recently, Unicons held the groundbreaking ceremony for the Hung Ha General Hospital project, a large-scale project with 18 above-ground floors and 2 basement floors, including areas for inpatient care, outpatient treatment, administration, and professional services. Prior to this, Unicons had experience undertaking large-scale hospital projects such as Vinmec Hospital, Hong Ngoc Hospital, and Phenikaa University Hospital.

Groundbreaking ceremony for Hung Ha General Hospital project on October 11, 2024.  

“Coteccons – with its mission and slogan “Building Futures,” we not only build iconic buildings and timeless structures, but also aspire to create positive values ​​for the society in which Coteccons operates. We also hope that each collaboration with investors will be the beginning of future projects, not only in construction but also in contributing to the community and society,” shared Mr. Vo Hoang Lam, General Director of Coteccons Business Unit 1.

Furthermore, the first quarter of fiscal year 2025 also marked collaborations between Coteccons and many other investors such as Capital Land on the Sycamore high-rise project (lots B9 and B10); Phuong Thanh on the Park Royal Hanoi Hotel project; KDI Holdings on the Champarama Resorts and Spa project; Xingyu Vietnam on the Xingyu Vietnam Safety Technology Factory project; and Kita Group on the 360 ​​Star Apartment project…

The "client-centric" strategy is one of the key factors that helps Coteccons differentiate itself in winning over new investors. With a focus on the long-term needs and goals of its clients, Coteccons has built a flexible workflow based on an Own It culture with a high degree of empowerment for project managers, reinforcing transparency and excelling in meeting stringent requirements for schedule, quality, and cost optimization. Understanding the specifics of each project and providing comprehensive solutions from design to construction has helped Coteccons become a reliable partner, thereby expanding its market share and building trust with large and potential investors.

With significant achievements since the beginning of the year, Coteccons confidently enters the following quarters with solid potential and a long-term vision, aiming for sustainable development and maintaining its pioneering position in the construction industry.

Source: https://baodautu.vn/ket-qua-kinh-doanh-quy-i-nam-tai-chinh-2025-coteccons-ghi-nhan-gia-tri-trung-thau-vuot-moc-10000-ty-dong-d228794.html