Press Release
Ho Chi Minh City, October 17, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD):
- Approved a plan to issue non-convertible, non-warrant, and unsecured bonds with a total value of up to VND 1,400 billion, announced on October 15, 2025.
- Announced changes in giai ma keo nha cai Board of Supervisors’ personnel as part of our ongoing efforts to enhance corporate governance standards.
giai ma keo nha cai intention of bond issuance is a part of Coteccons’ long-term financial strategy to diversify funding sources, optimize capital structure, maintain liquidity and operation. This is a strategic step to align with giai ma keo nha cai Company’s long-term vision, leverage growth cycle supported by a record-high backlog and expand investment opportunities in line with Coteccons’ diversification strategy.
Mr. Nguyen Van Dua, Deputy CEO, Finance & Legal Division, shared: “giai ma keo nha cai bond issuance marks a strategic step in Coteccons’ long-term financial roadmap. This move enables us to optimize our capital structure and maintain a balanced mix between short-term debt, long-term bonds, and equity. While channeling resources into infrastructure projects and expanding our EPC capabilities, we continue to ensure healthy cash flow and align giai ma keo nha cai interests of our partners, subcontractors, and employees. This demonstrates our unwavering commitment to transparency, responsibility, and giai ma keo nha cai core values that define Coteccons as a trusted general contractor entering a new phase of growth.”
giai ma keo nha cai issuance process is conducted with giai ma keo nha cai support of an experienced and professional advisory partner, ensuring full compliance with legal requirements and giai ma keo nha cai highest standards of transparency and efficiency.
Coteccons maintains a strong financial structure, with a debt-to-total-assets ratio of only 10%, a debt-to-equity ratio of around 30%, minimal long-term debt, and an extremely strong cash position.
giai ma keo nha cai Company previously issued and fully repaid VND 500 billion in bonds on schedule, demonstrating, high reputation, credibility and financial discipline even during giai ma keo nha cai challenging COVID-19 period. giai ma keo nha cai upcoming issuance, valued at up to VND 1,400 billion, will further strengthen Coteccons’ credit history, enhancing current BBB+ credit rating, and provide a strong advantage to participate in international capital markets as well as in key national infrastructure projects.
Between 2025 and 2029, Coteccons targets average annual revenue growth of 20–30%. In FY2026, both revenue and profit in giai ma keo nha cai first quarter are expected to rise by approximately 30% year-on-year—an ambitious yet achievable target that will establish a strong foundation for giai ma keo nha cai Company’s growth trajectory through 2030.
Continuous corporate governance strengthening amid accelerated growth
Coteccons also announces that Mr. Tran Van Thuc, Head of giai ma keo nha cai Board of Supervisors (BOS), and Mr. Doan Phan Trung Kien, Member of giai ma keo nha cai BOS, have informed their resignations.
giai ma keo nha cai Board of Directors and giai ma keo nha cai Board of Supervisors express their gratitude for giai ma keo nha cai dedication and contributions of both members during their tenure. Their professionalism and integrity have supported Coteccons during a period of governance strengthening and transparency enhancement.
As Coteccons enters a new phase of accelerated growth, with an expanding project portfolio, rising investment activities, and higher expectations from capital markets, BOS members are expected to take on specialized and hands-on roles, ensuring effective compliance oversight and alignment with best practices in corporate governance.
Details of giai ma keo nha cai bond issuance plan and BOS resignations are available at:
About Coteccons
Founded in 2004, Coteccons is Vietnam’s leading contractor, with over 21 years of experience delivering large-scale and complex projects. giai ma keo nha cai Company pioneers in applying technology and innovation to provide optimal construction solutions, contributing to improving quality of life and promoting sustainable community development.
