In a letter to all employees about the company's business results, Nguyen Trinh Thuy Trang, Deputy General Director of Operations at Coteccons Construction Joint Stock Company (CTD), announced that in the 2025 fiscal year, some individuals in the top-performing group received bonuses equivalent to 6 months' salary. Other outstanding employees received 4.5 months' salary as a bonus.

In addition to performance-based bonuses, employees also received project-based bonuses. As of 8/2025, 214 CTD employees received project bonuses, averaging 7 million VND per person. This represents over 7% of the company's total workforce.

At the end of June, Coteccons had 2,997 employees, an increase of 599 compared to the same period last year. In the 2025 fiscal year, CTD reported nearly 195 billion VND in salary and bonus expenses, an increase of nearly 45% year-on-year. Employee expenses also increased by 59% compared to the same period, reaching over 272 billion VND.

Workers at a construction site. Photo: CTD

Workers at a construction site. Photo: CTD

This compensation scheme follows a year of strong financial recovery for Coteccons. The Q4 2025 financial report shows that over the past 12 months, the company's net revenue reached nearly 24,867 billion VND, an 18% increase. Profit after tax for this fiscal year reached 454 billion VND, a 47% increase compared to the previous year. This is Coteccons' highest profit since 2020, a period marked by the pandemic and economic downturn.

The company's leadership attributed the growth to a strong increase in construction demand, as well as the effectiveness of boosting construction output, accelerating the handover of key projects, effectively controlling costs, and maintaining construction progress. In the 2025 fiscal year, the company recorded a contract value of over 29,100 billion VND, an increase of approximately 32%, exceeding the set target. The total backlog carried forward reached 35,353 billion VND. According to Agribank Securities (Agriseco), this backlog ensures a substantial workload for the 2025-2026 fiscal year and beyond.

Agriseco predicts that housing demand in major cities will increase by an average of 15% annually, leading to an increase in construction contracts and real estate transactions. Coteccons' profit next year is expected to be supported by the Emerald 68 project (CTD's capital contribution is 49%), as the project is two months ahead of schedule, and absorption rates are high after three sales phases. With selling prices around 55-62 million VND per square meter, Coteccons is estimated to record 550 billion VND in net profit from the project between 2026 and 2027.

Since the end of the 2025 fiscal year, CTD has expanded its backlog with contracts for residential and resort real estate projects with high-profit margins, such as: Eaton Park Phase 3, Ecopark Central Park Vinh, Hon Thom - Phu Quoc Beach Resort and Entertainment Complex, and The Global City CT07. The analysis team also expects Coteccons to benefit from the wave of increased public investment disbursement.

Tat Dat