Coteccons signs MoU with Microsoft Vietnam

Vo Hoang Lam, CEO of Coteccons said, "We would like to be one of the first examples of 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 to improve not only management efficiency and productivity but also environmental, social, and governance performance."

Leaders of Coteccons and Microsoft Vietnam at the MoU signing on May 30

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

Coteccons plans to use Microsoft’s technology and solutions in four areas, namely optimising the customer experience, building a modern workplace, streamlining operations, and transforming products and services.

Nguyen Quynh Tram, country general manager of Microsoft Vietnam said, "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 the nation."

Established in 2004, Coteccons has become a leading construction company in Vietnam. The company has grown both in size and reputation by implementing world-class projects in diverse fields such as residential and commercial developments, hotels, infrastructure, and industrial sites.

The Vietnamese construction market was valued at $108.6 billion in 2022, and is projected to witness an average annual growth rate of more than 6 per cent during the 2024-2027 period.

Coteccons won series of large projects with total value of more than $435 million in Q1 In the first quarter of 2022, Coteccons (CTD) and its member company Unicons (UNC) made a mark with large bidding packages valued at over $435 million.

Coteccons teams up with local partners for The Emerald 68 Coteccons, DSPcons, Danh Khoi Real Estate Services JSC, BIDV, and Anabuki NL Housing Service Vietnam have become partners of Le Phong Group to develop The Emerald 68 Luxury Apartment Project located in Binh Duong New City.

Coteccons sets up sustainable working conditions Coteccons Construction JSC has worked to set up sustainable working conditions for thousands of workers by kicking off a project for the festive season.

Construction industry to build on a tough 2022 The business journey for construction enterprises in 2022 encountered a great many difficulties.

Coteccons - humble giant with big plans in Vietnam Coteccons Construction JSC experienced stellar achievements in 2022 amid tough competition in the local market. Bolat Duisenov, chairman at Coteccons talked to VIR’s Bich Thuy about the company’s expectations and plans for the year ahead.