{"data":{"news":{"items":[{"title":"1","date":"2026-06-03 12:54:10","id":6309,"author":"","blurb":"","blurb_image_uid":"https://dxfpracgmlczp.cloudfront.net/2026/05/1780116873471_A-1536x960.jpeg","blurb_expanded_image_uid":null,"article":"\n\t\n\n\n

Construction of the Celesta Gold residential project in Ho Chi Minh City, Vietnam, has begun, following a groundbreaking ceremony held on 7 May 2026.

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Located along Nguyen Huu Tho Avenue, a strategic growth corridor in the city, Celesta Gold is jointly developed by Keppel, Phu Long and Nomura Real Estate Vietnam. Coteccons has been awarded the main contractor role for a contract package valued at over VND 1 trillion on the project.

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This new premium residential development covers a land area of more than 1.28 ha and comprises a 25-storey building with one basement level. When completed, it will offer 420 luxury residential apartments, complemented by a commercial podium featuring officetel units and retail space.

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Designed with sustainability in mind, Celesta Gold targets Singapore’s BCA Green Mark Gold certification and is scheduled for completion within 19 months.

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All images: Coteccons

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After more than a year of construction, the ‘Thuy Van Coastal Road Beautification Project’ in Vung Tau City, Ho Chi Minh City, Vietnam, was recently inaugurated. With a total public investment of over VND 1,068 billion, this large-scale coastal infrastructure project consists of two core components: the renovation and upgrading of technical infrastructure along the 3.2-km Thuy Van Road; and the construction of Thuy Van Park over an area of approximately 19.21 ha.

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The Thuy Van Park development is divided into two zones: the renovation of certain sections within Bai Sau Park (2.15 ha), from Phan Chu Trinh Street to the existing Tourist Support and Management Centre opposite La Van Cau Street; and the construction of an entirely new coastal park (17.06 ha) stretching from San Ho Xanh Resort to Nguyen An Ninh Street.

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Within the overall scope, Package No. 12 undertaken by Vietnamese contractor Coteccons includes the two main parts: renovation and upgrading of the technical infrastructure along the 3.2-km Thuy Van Road; and construction of the Thuy Van Park covering approximately 19.21 ha, completed in April 2025.

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The tasks executed by Coteccons play a pivotal role in shaping a modern and integrated coastal public space, including Public Service Station No. 2 (Mussel), Public Service Station No. 3 (Sea Snail), and the artistic canopy structures. These facilities adopt glass fibre reinforced concrete (GFRC) technology in both design and construction, shared Coteccons.

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“Unlike traditional concrete that relies on sand, stone and gravel aggregates, GFRC significantly reduces environmental impacts associated with natural material extraction, while offering superior mechanical properties. Its lightweight nature enables complex and refined architectural forms that would be difficult to achieve with conventional concrete,” explained the contractor.

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Based on phased design approvals and site handovers, Coteccons applied a rolling construction approach, implementing multiple work packages in parallel to optimise resources and strictly control project timelines. At peak periods, nearly 1,400 engineers and workers, along with modern machinery and equipment, were mobilised, operating in three continuous shifts across key areas to ensure overall progress and construction quality.

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Vo Hoang Lam, deputy CEO of Coteccons, said, “The Thuy Van Coastal Road Beautification Project is a particularly important landscape infrastructure project, not only in terms of coastal urban renewal but also due to its stringent requirements for construction organisation, quality, schedule and safety, especially as it was implemented while ensuring the city’s daily activities and tourism operations.”

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In addition to the Thuy Van Coastal Road Beautification Project in Vung Tau, Coteccons is currently delivering several large-scale infrastructure projects nationwide, notably the APEC Phu Quoc Complex, Phu Quoc International Airport expansion serving APEC 2027, as well as major works at Long Thanh International Airport and Gia Binh International Airport.

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All images: Coteccons

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Vietnam-based contractor Coteccons has signed a memorandum of understanding (MOU) with Long Thanh Construction Production Co Ltd, a Vietnamese company specialising in collecting, segregating and recycling construction waste, to co-launch a circular economy initiative in the construction sector.

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This collaboration aims to establish a ‘collect – recycle – reuse’ model for construction waste at project sites. Such an effort will give a ‘second life’ to materials otherwise discarded, contributing to resource lifecycle renewal and sustainable development.

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In addition, Coteccons and its subsidiaries have signed the ‘Green Commitment,’ pledging to implement and uphold the goal of circular economy development and responsible business practices (SDG 12) – one of five key objectives guiding all project management and execution processes.

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“Amid global environmental challenges, where construction and demolition waste accounts for approximately 30% of total solid waste, transitioning to a circular economy model is not only an inevitable trend but also a responsibility for leading industry players to mitigate environmental impacts,” stated Coteccons.

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“Sustainable development is not merely a matter of regulatory compliance but a deliberate choice for every business. At Coteccons, sustainability is not a slogan but a daily practice, a culture that resonates with every engineer, worker and staff member – from the office to the construction site, across Coteccons, Unicons, Sinh Nam Metal (Vietnam) and UG M&E,” said Nguyen Trinh Thuy Trang, deputy CEO of Coteccons.

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“The partnership between Coteccons and Long Thanh will deliver tangible values in the collection, sorting and recycling of construction waste, contributing to the long-term goal of establishing a circular economy model in the construction industry,” added Nguyen Van Hoang, director of Long Thanh Construction Production Co Ltd.

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Coteccons will apply “technology and rigorous management processes to minimise material waste, particularly steel, a high-weightage material with significant environmental impact,” shared Van Vi Thien, managing director of Coteccons Business Unit 01 (BU1).

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“We focus on training our engineers to shift from mere supervision to comprehensive management, encompassing cost and environmental considerations. Our goal is to make sustainability a habit at every construction site, driven not by obligation but by responsibility to the community, environment and society.”

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According to Coteccons, the Green Commitment is realised through the integration of the 3R principles (reduce – reuse – recycle) across the entire value chain – from design and material selection to construction and project operation. At construction sites, the company implements waste collection, sorting and recycling in accordance with strict processes and standards, ensuring compliance to legal requirements, transparency and material traceability.

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At the same time, Coteccons cultivates a circular economy mindset within its workforce and expands collaborations with partners within and beyond the industry to bring green initiatives to life, shaping a sustainable future for the construction sector.

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All images: Coteccons

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Vietnam’s Coteccons Construction Joint Stock Company and South Korea’s Daewoo Engineering & Construction Co Ltd have signed a memorandum of understanding (MOU) on international cooperation with the aim of jointly developing potential project opportunities in the construction sector globally (including Vietnam).

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Under the MOU, Daewoo E&C and Coteccons will cooperate in large-scale EPC (engineering, procurement and construction) projects in Vietnam launched by the public sector or government-related entities, as well as other EPC projects in the global market where Daewoo participates as the main contractor and intends to subcontract a certain part of the works.

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“In the international market, [Daewoo E&C] are constructing factories and infrastructure projects. In Vietnam, we consider this a key market to expand the construction market, build new cities, develop cold storage and data centres using LNG refrigeration, pursue investment projects, and build shares in the fields of LNG power plant business and renewable energy,” said Jung Won Ju, chairman of the board of directors at Daewoo E&C.

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“We hope that this memorandum of understanding will open opportunities for both companies to cooperate overseas in various fields such as construction and real estate development, infrastructure, and factory construction business, contributing significantly to building the value chains of our group.”

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“[Coteccons] are committed to driving innovation in the Vietnamese construction industry, reshaping the industry and redefining core standards, even in the context of the economic downturn and the challenges of negative competition,” added Bolat Duisenov, chairman of the board of directors at Coteccons. “We aim for long-term sustainability, ensuring that business interests coexist harmoniously with environmental and social responsibilities.

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“The MOU marks an important milestone in Coteccons’ journey as it formalises a strategic partnership with Daewoo E&C. Operating on the principles of transparent cooperation and mutual benefit, I believe that this cooperation will bring about important achievements and set new standards in the construction industry to jointly build a future that is not only prosperous but also sustainable and comprehensive.”

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All images: Coteccons

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Keppel Ltd (through its real estate division), FiCO Pan-United Concrete Joint Stock Company (FiCO PanU), and Coteccons Construction Joint Stock Company recently signed a memorandum of understanding (MOU) to explore the use of sustainable concrete, ready-mix mortar and other innovative architectural materials, as well as construction methodologies utilising 3D printing in The Infiniti, the third phase of Keppel’s Riviera Point residential development in Ho Chi Minh City, Vietnam. This can be scaled up and extended to other phases of the Riviera Point development.

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As part of this collaboration, Keppel will be the first real estate company in Vietnam to incorporate sustainable concrete solutions via CO2 mineralised concrete (CMC) technology in its project, which enables the embodied carbon to be reduced at the construction stage. The superstructure of The Infiniti will employ CMC technology, which introduces captured CO2 into fresh concrete, to remove and reduce 1,241 t of embodied carbon, without compromising the performance of the concrete.

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Earlier in March 2024, the mass foundation of The Infiniti was completed using a specialised very low-carbon concrete, which reduced a total of 1,562 t of embodied carbon emissions at that stage, compared to the use of conventional concrete. FiCO PanU estimates that on completion, The Infiniti, including its superstructure, would remove and reduce a total of 2,803 t of embodied carbon compared to using conventional materials.

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“We have a shared commitment towards the sustainable building of Vietnam’s city skyline, and to strongly support Vietnam in achieving its goal of net-zero carbon emissions by 2050. The innovative use of CMC technology spearheads a new dimension in Vietnam’s built environment industry to remove and reduce carbon emissions before a development project is completed,” said Steven Loh, general director of FiCO PanU.

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Nguyen The Phu, managing director of Coteccons, added, “Coteccons is firmly committed to implementing ESG principles throughout our entire value chain. We actively implement a range of ESG solutions, from utilising renewable energy sources and minimising carbon emissions, applying the 3R model (reduce, reuse, recycle) at our offices and construction sites.

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“This dedication extends beyond our own operations and encompasses our partners and subcontractors that not only share our commitment to environmental protection, but also provide sustainable products and services that meet the exacting standards of environmentally conscious companies like Keppel.”

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One of Vietnam’s leading contractors, Coteccons, has signed a three-year memorandum of understanding (MOU) with Microsoft Vietnam to accelerate its digital transformation effort by leveraging the power of artificial intelligence (AI) and cloud technology.

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“We would like to be one of the first examples in how to digitalise the construction industry in Vietnam. We recognise that there is an urgent need to apply established technologies and techniques in new ways in order to improve not only management efficiency and productivity, and ultimately the welfare of stakeholders, but also ESG performance,” explained Vo Hoang Lam, CEO of Coteccons.

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“Coteccons decides to take the journey to the cloud. We are looking for a trusted technology partner who can help accelerate the growth strategy and do more with fewer resources, enabling us to focus on innovation. We are confident about this collaboration with Microsoft as the backbone of our digital journey.”

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Founded in 2004, Coteccons has grown into one of the top contractors in Vietnam, delivering world-class projects including residential, commercial, hospitality, infrastructure and industrial. Coteccons said the company, which is headquartered in Ho Chi Minh City, always aims to invest in modern construction practices and the most advanced technologies to ensure that it remains at the cutting edge of the industry.

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Through this strategic collaboration, Coteccons will leverage Microsoft technology and solutions to accelerate its digital transformation in four areas: helping the company engage with its customers better; landing secured modern workplace; optimising the company’s operations; and transforming its products and services.

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According to Coteccons, the company’s digital core needs to be equipped to handle technology innovation for competitive advantage, and to build next generation platforms and scalable infrastructure, modern and modular architecture along with data security, compliance and privacy requirements.

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Coteccons will conduct a comprehensive assessment of its current data centre infrastructure with the help of Microsoft including hardware, software, networking and security systems, then analyse its existing data centre operations, vulnerabilities and provide recommendations for improvements.

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Coteccons will also apply the design cloud reference architecture for modern infrastructure and platform as a service to unlock the benefits of cloud computing, such as scalability, cost efficiency and improved agility. The company added that it will implement and migrate its current workloads to Microsoft Azure for better performance, operations and centralised management. Coteccons plans to use Microsoft Power Platform to accelerate its business automation and digital transformation to better provide its professional design & build solution in the construction industry.

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Moreover, Coteccons will establish a modern workplace with the AI-empowered Microsoft 365, which enables the company to significantly improve experience, productivity and development for its 2,000 employees, especially the frontline workers’ communication and collaboration. Coteccons said it will also integrate Microsoft Zero Trust security solutions to create a more secure workplace, which can protect and manage its employees’ identity, device and all data across the company.

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Under the MOU framework, Coteccons will invest resources to work with and build projects that can leverage the strength of Microsoft technologies and solutions. At the same time, Microsoft will provide training to Coteccons employees on Microsoft technologies, ensuring they have the necessary skills to use, manage and maintain the system.

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“Today, cloud and AI technology play a critical role in the transformation of the construction industry by reducing labour costs, increasing safety and improving the quality of the building’s design. By embracing our industry-proven cloud and AI technologies, Coteccons will be enabling construction companies to achieve incredible designs and buildings in Vietnam,” said Nguyen Quynh Tram, country general manager of Microsoft Vietnam.

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Coteccons further highlighted that Vietnam’s construction industry is the best performing in the Asia Pacific (APAC) region. The local construction market was valued at US$108.6 billion in 2022, noted the company, and is projected to grow at an AAGR of more than 6% during the period of 2024-2027.

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All images: Coteccons

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