On November 19, 2025, Deputy Prime Minister Nguyen Chi Dung conducted a working visit to the APEC Phu Quoc Convention Center project, a strategic infrastructure development for the 2027 APEC High-Level Week.
Coteccons Construction Joint Stock Company (Stock Code: CTD) is responsible for the construction of large-scale reinforced concrete structures for the Multipurpose Arena and Convention Center, as well as the MEP (mechanical, electrical, and plumbing) systems for the casino and hotel components. The total contract value for Coteccons is approximately VND 4.5 trillion.
Spanning 57 hectares, the APEC Convention Center is a pivotal project for the 2027 APEC High-Level Week. Beyond hosting international events, it is poised to become a cultural and architectural landmark, enhancing Phu Quoc’s global standing.
With the government actively resolving bottlenecks to expedite APEC projects, Coteccons’ leadership has pledged to deliver the highest quality work. Most APEC-related contracts are progressing on schedule, ensuring safety, efficiency, and superior quality.
In recent years, Coteccons has focused on infrastructure and public investment projects. According to the 2025 Shareholders’ Meeting report, the company is involved in major initiatives such as the 2027 APEC Center, Phu Quoc International Airport, Long Thanh Airport, and Gia Binh projects.
Looking ahead to 2027 and beyond, Coteccons aims to establish itself as a trusted partner in critical infrastructure projects, collaborating with the government to create iconic developments.
In its financial performance, Coteccons reported Q1/2026 results for the fiscal year 2025-2026 (July 1 to September 30, 2025), with net revenue surpassing VND 7,451 billion, a 57% increase year-over-year. Gross profit rose by 57% to VND 322 billion, maintaining a 4.3% margin. Net profit after tax reached nearly VND 295 billion, more than tripling the 2024 figure, marking the highest quarterly profit in seven years.
On the stock market, CTD shares closed at VND 85,900 per share on November 21.
Three Construction Giants Secure Nearly VND 3.4 Trillion Contract for Long Thanh Airport Project
The powerhouse consortium of leading construction giants, including Coteccons, Hancorp, and ATAD, has secured a massive VND 3.4 trillion contract for the Long Thanh International Airport project.
