Realizing the 2025 growth target: The resilience of the construction industry and the role of leading enterprises

(Chinhphu.vn) - In the context of the global economic difficulties, Vietnam's decision to set a GDP growth target of 8.3-8.5% for 2025 is a strategic decision, demonstrating a strong desire for development. To realize this goal, the role of key economic sectors, including the construction industry, is extremely important.

Political determination and strategic vision of the Government

At the Government's online conference with localities on July 16, Prime Minister Pham Minh Chinh delivered a clear and strong message: The whole country needs to strive to achieve a growth rate of about 8.3-8.5% in 2025. This goal aims to "create momentum, create force, create enthusiasm, and create a solid foundation to achieve double-digit growth in the 2026-2030 period".

The Prime Minister emphasized that despite facing many difficulties from the COVID-19 pandemic, geopolitical conflicts, and global supply chain disruptions, Vietnam has maintained macroeconomic stability, controlled inflation, and ensured major balances. GDP growth in the first 6 months of the year reaching 7.52% is a testament to the outstanding efforts of the entire system. However, to achieve higher goals, the Prime Minister requested to renew traditional growth drivers (consumption, export, investment) and strongly promote new growth drivers such as green growth, circular economy , and digital economy .

At the same time, it is emphasized that the entire political system must act. If there is no action, no synchronization, no professionalism, and no direction, there will be no combined strength. There must be unanimity, determination, and unity of perception and action to ensure the goals set by the Party and the National Assembly.

Construction industry: Confident growth pillar reaches the finish line

According to estimates, to ensure the economic growth target of about 8% or more as directed by the Prime Minister, the construction industry needs to grow by 9% or more. Minister of Construction Tran Hong Minh affirmed that completing the above target is feasible.

Right from the beginning of the year, the Ministry of Construction assigned units under the Ministry to calculate and develop growth scenarios and key indicators of the industry to achieve the above growth target.

Coteccons accompanies the Government in developing the construction industry with commitment and sustainable development results.

The agency's report stated that in the first 6 months of the year, the construction industry grew by 9.62% over the same period last year. This is the highest growth rate compared to the same period in the 2021-2025 period, contributing 0.63 percentage points to growth.

With this goal, the construction industry has implemented many solutions to accelerate the progress of key infrastructure projects, review and remove institutional difficulties and obstacles, continue to promote the important role of the industry in the national economic structure, maintain national growth...

With confidence and a solid foundation, the construction industry is ready to accompany the Government, in which leading enterprises such as Coteccons Construction Joint Stock Company are demonstrating a pioneering role, not only with impressive business figures but also with a strong commitment to sustainable development.

Solid foundation from impressive business results

In the first 6 months of 2025, Coteccons recorded extremely impressive results. Revenue reached 6,886 billion VND, up 21.6% over the same period; accumulated revenue in the first 6 months of fiscal year 2025 reached 11,645 billion VND, up 19% over the same period.

Profit after tax reached 106 billion VND, up 53.7% over the same period, accumulated in the first half of fiscal year 2025 was 199 billion VND. Gross profit reached 202 billion VND, up 19.1% over the same period; accumulated in the first 6 months of fiscal year 2025 reached 407 billion VND, up 51.1% over the same period...

Coteccons rose 72 ranks, leading the Vietnamese construction industry in the Top 500 largest companies in Southeast Asia (Top 500 Fortune Southeast Asia 2025)

The first 6 months of 2025 marked a new contract value of VND 16,800 billion, increasing the total backlog from H2FY2025 to nearly VND 35,000 billion. The proportion of "repeat sales" project sales/total number of winning projects currently accounts for about 70%.

Coteccons' success is not only recognized domestically but also reaches the regional level and is recognized by prestigious international organizations. As one of 76 honored Vietnamese enterprises, Coteccons leads the construction sector in the Fortune SEA 500 rankings with 2024 revenue of more than 857.5 million USD, profit of approximately 12.5 million USD and a team of nearly 2,500 employees. 2025 also marks the second consecutive year that Coteccons has appeared in this prestigious ranking, ranked 304 - up 72 places compared to the previous year. This strong promotion is not just a number, but also a testament to the impressive transformation after a strong restructuring.

In addition, at Hubexo Asia Awards 2025, Coteccons continued to be honored in the Top 10 Leading Contractors in Vietnam. The criteria of this award are not only based on project value but also on the coefficient resonance for projects that achieve "Green" certification, once again affirming Coteccons' commitment to sustainable construction trends.

Mr. Bolat Duisenov - Chairman of Coteccons Board of Directors: Coteccons has built a sustainable development roadmap

In the context that the construction industry consumes up to 40% of energy and causes more than 30% of global greenhouse gas emissions, Coteccons has placed the Environment - Society - Governance (ESG) strategy at the center, as "the core for the life and future of the enterprise".

As the leading general contractor in Vietnam, Coteccons is determined to become the center - catalyst - important link in promoting the sustainable development of the construction industry in general. "We must play a connecting role between partners, subcontractors, customers, engineers and construction workers... in ESG practice. We believe that, together with stakeholders, we can find sustainable, effective solutions that benefit all," said Mr. Bolat Duisenov - Chairman of the Board of Directors of Coteccons.

This vision resonates with the Government’s orientation on promoting new growth drivers such as green economy and circular economy. Coteccons does not consider ESG as a cost or marketing tool, but as a deep commitment. The Company has built a systematic ESG development roadmap for the period 2025-2029 with 3 clear stages, focusing on 5 key goals: Emission Reduction, Circular Economy, Human Development, Sustainable Community, and Cooperation for Development.

Coteccons is the main contractor for the construction of the LEGO Factory - the LEGO Group's first carbon neutral factory and will operate on solar energy.

Prioritizing solutions for efficient energy use, responsible waste management, ensuring a safe working environment, promoting human rights and engaging with the community.

Coteccons, with its strategic steps, positive business results, clear ESG vision and deep sense of social responsibility, is one of the typical enterprises joining hands with the Government to realize the set socio-economic development goals.

Vinh Hoang

Source: https://baochinhphu.vn/hien-thuc-hoa-muc-tieu-tang-truong-2025-suc-bat-tu-nganh-xay-dung-va-vai-tro-cua-cac-doanh-nghiep-dau-tau-102250723190317179.htm