Specifically, Mr. Vo Hoang Lam will no longer hold the position of General Director. Mr. Lam will be appointed as Deputy General Director of Coteccons, concurrently General Director of Coteccons Business Unit 01. In his new role, Mr. Lam will focus all his time on developing infrastructure, public investment, FDI and other projects in the Central and Southern regions.

Coteccons also dismissed Mr. Pham Quan Luc from the position of Deputy General Director. Mr. Luc will take over as Deputy General Director of Coteccons Business Unit 01 and focus on developing and promoting infrastructure growth and public investment.

Screenshot 2024 10 18 235439.png
Mr. Vo Hoang Lam was assigned to a new position. Photo: Coteccons

Coteccons also transferred Mr. Tran Ngoc Hai and Mr. Nguyen Chi Thien from the position of Executive Director to the position of Deputy General Director of Coteccons.

Mr. Nguyen Van Dua, who is in charge of corporate governance, will assume the position of Deputy General Director of Coteccons, concurrently Chief Financial Officer. Ms. Nguyen Trinh Thuy Trang will hold the position of Deputy General Director of Coteccons, replacing her previous position as Director of Internal Affairs.

Coteccons said that the change in key positions of the enterprise is to meet the new priority strategy for the period 2025-2029, with two main focuses: maintaining core business growth - building the foundation of new business segments, and strategies to enter the international market.

In the new fiscal year 2025 (from July 1, 2024 to June 30, 2025), Coteccons aims to achieve VND 25,000 billion in revenue, up 19%; after-tax profit of VND 430 billion, up 39%. This is the highest level in the past 4 years of Coteccons.

At the end of the trading session on October 18, CTD shares reached 63,400 VND/share, down 17% compared to the peak of the year in June.