Part I Part II Part III Part IV Part V: Part VI

The path to a Corporate About Governance for sustainable Economic performance Implementing sustainable
green future profile the report development development according to the 5 goals

THE PATH TO
A GREEN FUTURE

As we were preparing this Report, Vietnam was facing devastating natural disasters. Typhoon Yagi,
the most powerful storm to hit the East Sea in the past 30 years, caused widespread destruction and
severe flooding throughout the North. Flash floods, collapsing bridges, and successive landslides
soon followed throughout the midlands and mountainous areas, sweeping the region up in tragedy.

Preliminary estimates of Yagi-related property damage exceed VND 50,000 billion, which could
reduce the country's GDP growth rate for the entire year compared to previous forecasts. The
consequences may be even more profound and far-reaching, as the disasters inflicted significant
human casualties alongside heavy losses of property, crops, livestock, and socio-economic
infrastructure. Not only did this severely impact people materially and mentally, but it also disrupted
production and business activities, especially agriculture, services, tourism, etc.

Similar disasters are always looming as our Mother Nature changes in increasingly complicated and
unpredictable ways.

To some extent, natural disasters can be seen as nature's reply to its treatment by humanity. This is
also a warning for humanity to reconsider their path of socio-economic development.

The mandate of responsible development has gained increasing momentum worldwide. However,
this presents a significant challenge for developing countries like Vietnam. The need for growth,
competitive pressure, and a lack of awareness, experience, and capabilities in responsible
development will keep sustainability no more than a distant dream or a call to action.

As the backbone of national development, it is time for businesses to take stronger action on this
aspect. Construction enterprises in particular need a pioneering spirit given the significant impact
of their industry on the natural environment, socioeconomic conditions, and community life.

With this in mind, Coteccons has adopted a development philosophy rooted in an ESG strategy that
reflects a strong commitment and long-term vision. In particular, our Company is more than willing
to take on challenges, trials, and risks as a pioneer in promoting ESG standards across the industry
to address its problems and contribute meaningfully to collective development. To do this, we seek
to collaborate with all parties to establish a clearer path toward a greener future, both for the
community and ourselves.

With a strong commitment and practical actions, Coteccons is determined to ensure that “green”
and “sustainable” are no longer vain rhetoric but rather concrete values that truly impact our lives.

COTECCONS 3
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BUILDING
FUTURES
CONTENT Part I
THE PATH TO A
Part III Part V
ABOUT THE REPORT ECONOMIC PERFORMANCE
GREEN FUTURE

Message to the stakeholders 05 - 15 Standards and scope of the report 40 Economic achievement 70 - 73
ESG vision – Future inside you 16 - 21 Key areas 41 Indirect economic impact 80 - 81
Key figures on ESG implementation 22 - 23 Green supply chain 82 - 85
Business integrity 86 - 87

Part II
CORPORATE PROFILE Part IV
GOVERNANCE FOR Part VI
Abbreviations SUSTAINABLE DEVELOPMENT IMPLEMENTING SUSTAINABLE
DEVELOPMENT ACCORDING TO THE 5 GOALS
ESG: Environment, Social, Governance
Profile 28 - 33 Transparent and professional 44 Emission reduction - toward net-zero 92 - 109
Businesss plan for 2025 – 2029 34 - 35 governance Circular economy in construction 112 - 123
ESG policies 45 Cooperation for mutual development 126 - 135
Human development 136 - 159
Community engagement 160 - 175

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DEVELOPING FOR
THE NEXT GENERATION
Coteccons has been inherited to develop sustainably and create
long-term value. A business that wants to be sustainable must
develop with a collective mind, be operated by a transparent
system and serve the harmonious interests of all parties.

Coteccons does not give power for a minority of individuals

and does not trade the goal of building for longevity for local
interests.
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MESSAGE TO THE STAKEHOLDERS

ECONOMIC GROWTH
DOES NOT HAVE TO BE
A “ZERO-SUM GAME”
BOLAT DUISENOV
Chair of the board of directors
of Coteccons

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I believe that business results that do not bring

real benefits to people are hollow milestones. A
business that pursues growth without adding
actual value for the community cannot become
great, no matter its size. On a national scale,
economic development without a strategy of
environmental harmony can eventually lead us to
a zero-sum game.

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At Coteccons, we are inevitably changing to the better. After

thousands and thousands of hours of thinking we don’t
have any doubt in success of the road we have chosen.
Now it is just matter of execution, slow or fast we are going
to make it happen. We have focused on fundamentals,
reaching stability. Now we are moving to the next phase of
the journey where we can afford the risk and as results to
get higher rewards.

This time 3-4 years ago, Coteccons was facing a historic turning point of seismic changes in the top Remaining steadfast to the above principles has created a new source of vitality and motivation for our
leadership. There were debates about risk of collapse for the Company and the incoming personnel business. Its effectiveness has been evident on every stretch of the journey. The breakthrough business
inherited enormous challenges. As the new leadership implemented the restructuring strategy, our task results in the last financial year are the concrete proof that we are on the right track. Furthermore, in
was not simply to ensure the survival of Coteccons, but also to grow the Company on a new mission addition to achieving financial success, Coteccons has truly constructed a fresh culture and spirit. Our
with a new business ideal. employees are happier, our customers' trust has deepened, and the products that we create deliver
greater value. This is the most important result because it is a solid foundation for greater prospects
At that time, the key question which defines our way is how to build a company which can sustain for in the future.
50-100 years as building we built. Therefore, we agonized over figuring out how to develop our business
sustainably, create true long-term values, and avoid depending on the will of just a single person or the It is clear that ESG is not merely a compliance obligation or a cost, but a driving force for business
interests of a single party. In 2021, not even the company leadership at the time was able to appreciate breakthroughs.
my message when I mentioned sustainable development growth.
On that basis, the next Coteccons development strategy aims for higher standards and a broader vision
We strive to find the path that needs to be and should be taken. In that journey, we recognize that the of ESG. We are deeply aware of our role and influence. As such, Coteccons strives to be recognized as
time has come for ESG practices and sustainable business development to be the core of the life of an industry leader on a mission to promote the improvement of the entire industry's standards and
Coteccons and its future. ESG should not be considered noblesse oblige for prosperous businesses. It make more positive socio-economic contributions.
is even more misguided to view it as an obligation to be dealt with, a cost to be borne, or a label to
To realize this recognition, firstly, we need to become a trendsetter in the construction industry. That
enhance reputation.
means we either become the creator of trends that will lead to fundamental progress or significant
More importantly, Coteccons is one of the leading construction enterprises. Construction is the typical changes in the development of our industry, or notice such trends in others at an early stage, adapt
industry that significantly impacts the world. It is estimated to consume about 40% of total global them, bring them to a new level and ultimately achieve fundamental progress. Secondly, we need to
energy, account for over 30% of total greenhouse gas emissions and employ a gigantic amount of labor. become an ambassador of the construction industry by being the "voice" and "face" of the industry,
In particular, the products of the construction industry play profound and long-term roles in society promoting it and shaping the image of its future.
and the community. Thus, the construction industry and construction enterprises must certainly stay
As a leading construction general contractor in Vietnam, Coteccons strives to become the bridge –
responsible and strictly adhere to ESG standards in every activity and at every stage of development.
catalyst - central link in promoting the sustainable development of the construction industry. Our role
With that in mind, we have positioned ourselves to grow on a sustainable foundation. More specifically, is to connect partners, subcontractors, customers, engineers, construction workers, etc, in adopting
we promote compliance with existing standards, then upgrade to higher expectation, and implement ESG practices. Together with our stakeholders, we believe we can find solutions that are sustainable,
new plans, initiatives and requirements to translate ESG awareness into concrete practices across all effective and beneficial for all.
aspects of our corporate life. To ensure effectiveness, we focus on identifying key issues and highly
practical priority tasks. Striving to reduce emissions, respecting people and developing our community
based on transparent governance are the top priorities of Coteccons.

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As we undertake construction projects, we recognize

that we are working with customers to create lasting
values that are not limited to economic benefits but
also symbolize our efforts toward environmental
protection and sustainable community development.

However, embracing ESG practices, especially as a pioneer, is far from easy. Investing in high
standards and advanced solutions inevitably comes at a high cost. New initiatives always carry
the inherent risk of failure, and innovative technologies are often quickly replicated. Pioneers must
always contend with pressure from and relentless pursuit by competitors.

Nonetheless, as mentioned, we are not deterred by pressure. As we break new ground or invest in a
new initiative, we implement a risk management scenario and determine the acceptable margin of
failure. This allows our team to daringly embrace trial and error while remaining in a constant state
of reconstruction and innovation.

Moreover, a true leader's success lies in inspiring others to follow, imitators included. The presence
of followers is evidence of the leader's influence. With this in mind, I am excited to see other
businesses—and even competitors—keep abreast of and reproduce our accomplishments. This
signifies the elevation of the overall industry standards and values, which is precisely our objective.

My only hope is that everyone can start by embracing the mindset of “first they fake it and then
they make it,” allowing good standards and values to gain broader momentum.

ESG is deeply ingrained in corporate thinking at Coteccons, which develops into our business ethics
and code of conduct and forms the backbone of our strategies and actions. We say no to both
“greenwashing” and practicing ESG superficially for appearances alone.

We also believe that achieving business growth, profitability and sustainability are not mutually
exclusive goals but can coexist by committing to ESG practices. Coteccons is ever-ready to
collaborate with colleagues, partners and customers who share our vision. We can work together to
create sustainable values and enduring great results.

Chair of the Board of Directors

Bolat Duisenov

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• Developing ESG strategy, • Establishing responsible value • Attaining international

commitments and policy chains (input/process/output) in recognitions and awards;
framework. business operations. • Positioning sustainable
• Establishing governance structure • Developing transparent development as a brand.
(Sustainable Development monitoring, evaluating and • Impacting and influencing the
committee, Audit and Risk reporting systems. business ecosystem.
Management committee, ESG • Setting specific KPIs and • Asserting the position as the
Implementation department). performance measurement industry leader.
• Understanding the needs and metrics.
expectations of internal and • Joining professional organizations,
external stakeholders. achieving awards and expanding
• Developing master plan and connection networks.
budgeting. • Launching sustainable projects
• Developing infrastructure focusing on the circular economy.
and tooling platform for ESG
implementation by sector.
• Consulting, training and
establishing reporting channels.
• Consolidating existing CSR
projects.
• Implementing a number of ESG
programs following international
standards (for FDI projects).

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Start
At Coteccons, we believe sustainability starts from within

“The sustainable asset we own” /‘i:n sai/ “We together”

Greener future Insight Everyone
Better future Vision Every Stakeholder
Sustainable growth Every Community
Every Project
Our Planet

To carry out the mission of making ESG visible and meaningful to all stakeholders, especially Coteccons’
employees, the Company has built the philosophy and communication message Future Inside You.

The future depends on how we think. Sustainable development is the result of a forward-looking mindset that puts
human lives and the environment first. If our goal only focuses on short-term and immediate profits, development will
not be sustainable. The path of the future is opened from the right mindset about sustainable development in each
individual and each business.

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KEY FIGURES ON ESG IMPLEMENTATION

WITHIN THE YEAR
Business development ESG implementation

Total assets Equity Number of direct employees Average revenue per employee Number of workers
on construction sites

22,869 VND
billion 8,591 VND
billion
2,398 people 13 VND
billion 30,000
at parent company Coteccons
people

Number of projects implemented Market capitalization Total safe working hours Total training hours

66 7,005 VND
billion 41,625,608 hours 26,326 hours
ATC, June 30, 2024
across all construction sites of conducted within the year
Increased by 38% compared to June 30, 2023
Coteccons Group

Winning bid value Backlog

22,000 VND
billion 30,000 VND
billion
ESG training hours Percentage of workers
joining safety training programmes
Total training hours
of Code of Conduct in business

Winning bid rate Repeat sales rate

2,164 hours 100% 6,099 hours

58% 41/60 Number of workers receiving gifts Company projects implementing Number of newly planted trees
new-winning projects
and free health check-ups greenhouse gas inventory software in reforestation programs
through two "Xay Tet"
Net revenue Increase ("Build Tet") seasons
Exceed

21,045 VND
billion 30,8% 5% 27,473 people 100% 159,986 trees
year-on-year adjusted plan

Gross profit Gross profit margin Net profit after tax

713 VND
billion 3,39% 310 VND
billion
Increased by 97.2% year-on-year Increased by 358% year-on-year

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"BRILLIANT
RECEIVING
LEADING THE 2024 TOP 10
RISING UNIT" AWARD CONSTRUCTION COMPANIES IN VIETNAM
AT WECHOICE AWARDS

With 179,152 votes, Coteccons outperformed nine other Coteccons ranked 1st and its subsidiary Unicons ranked
nominees to win the title of Brilliant Rising Unit at the 7th in the list of Top 10 Construction Companies in
recent WeChoice Awards. The award ceremony was held Vietnam. This ranking, conducted by Vietnam Report and
on January 27, 2024, in Ho Chi Minh City. Vietnamnet, was officially announced on April 24, 2024 at
Vietnam National Convention Center. This is the fruit of the
WeChoice Awards is an annual award programme
efforts and solidarity of the entire Coteccons and Unicons
organized by VCCorp Joint Stock Company, which is of
team. This position has encouraged Coteccons to continue
great humanitarian significance. The programme aims to
its path to become an “Industry Leader” (through quality
honor individuals, events, products and works that have
standards and innovative practices that bring valuable
a positive impact on the community as well as share
and positive impacts to the entire industry).
strongly inspiring stories throughout 2023.

The Brilliant Rising Unit is an award category of WeChoice

Awards, determined by public votes, aiming to honor
units that have strived to rise up, transform to maintain
and develop business activities in a challenging year for
economic growth, contributing to maintaining community
livelihoods and ensuring the stability of the country's ENTERING THE TOP 50 VIETNAM THE BEST
economy. FOR THE SIXTH CONSECUTIVE TIME

On January 18, 2024, Vietnam Report, in cooperation

BEING HONORED IN THE with VietnamNet, organized the 2023 VNR500 Awards
Ceremony. At the event, Coteccons and Unicons were
CTCP XÂY DỰNG COTECCONS
HOSE: CTD FORTUNE SOUTHEAST honored as enterprises in the Top 50 Vietnam The Best.

Signed Verified
Ký ngày: 29/06/2024
Signed Verified
Ký ngày: 29/06/2024
ASIA 500 The Top 50 Vietnam The Best is a prestigious ranking list
https://ir.vietstock.vn/chungnhan/2024/CTD.pdf announced annually by the Organizing Committee. This
In late June, Fortune, a renowned global business was the 6th consecutive time Coteccons achieved this title.
magazine, published its inaugural list of the 500 largest
companies in Southeast Asia (Fortune Southeast Asia
500). Among those in the construction industry, Coteccons

AWARDS was the largest Vietnamese representative in terms of

scale to be featured on this list.

Fortune Southeast Asia evaluated the above list through

OUTSTANDING TITLES a rigorous selection and screening process. Indicators

were collected publicly and transparently based on data
provided by businesses to competent state agencies.
ONCE AGAIN ENTERING THE RANKING
OF THE VIETNAM SUSTAINABILITY INDEX

After that, the organizer also re-certified the information With consistent efforts in pursuing sustainable development
through two independent data analytics firms, Refinitiv goals, on November 1, 2023, Coteccons once again entered
and S&P Global Market Intelligence. the ranking of the Vietnam Sustainability Index (VNSI),
Coteccons's recognition in the Fortune Southeast Asia 500 evaluated by HOSE. The VNSI is an index that evaluates
reaffirms its leading position in Vietnam's construction 20 VN100 stocks with best sustainable development
industry. This also attests to Coteccons's impressive performance, selected through rigorous criteria.
business results and financial strength through transparent The selection embodies the recognition of Coteccons'
announcements and appraisals. This positive result came commitment to integrate a people-centric approach into the
in near the close of Coteccons's fiscal year ending June Company's business activities closely linked to ESG goals.
30, 2024, as the company was projected to exceed its
ambitious target by VND 20 trillion.

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MAINTAINING POSITION IN TOP 10 BEST

ENTERING THE 2024 TOP 10 WORKPLACES IN THE REAL ESTATE AND
CONTRACTORS EVALUATED BY BCI CENTRAL
CONSTRUCTION INDUSTRY

On May 31, 2024, in Ho Chi Minh City, Coteccons and its In 2023, Coteccons remained its position in Top 10 Best
subsidiary Unicons were announced to be among the 2024 Workplaces in the real estate and construction industry.
Top 10 Contractors, in an event hosted by BCI Central This result was announced by the National Research
magazine. This marks the 19th year that BCI Central has Program on Best Workplaces in 2023, co-organized by Viet
honored leading firms in the architecture, real estate, and Research and Dau Tu Newspaper.
construction industries across 07 countries and territories
in Asia, including Hong Kong (China), Indonesia, Malaysia, This recognition is awarded to enterprises with
Philippines, Singapore, Thailand, and Vietnam. outstanding achievements in work environment, employee
benefit policies, stable and sustainable business results.
The Organizing Committee selected the Top 10 Contractors Accordingly, the Top 10 Best Workplaces are selected
based on the criteria involving total construction value based on criteria groups related to personnel and employer
of all projects in the construction phase commenced reputation, production and business performance as well
within two years, from January 1, 2022, to December 31, as growth prospects, income and welfare regimes, etc.
2023, multiplied by a coefficient for projects with Green
certifications from Leed, Lotus, Green Mark, Green Star,
EDGE and multiplied by a coefficient for project types
including office/headquarters, hotel/resort, industrial/
factory. RECEIVING “TOP 50 CSA” AWARD

In early August, Coteccons was honored in the list of Top 50

Corporate Sustainability Awards (Top 50 CSA) announced
by Nhip Cau Dau Tu magazine. Coteccons received awards
in two important categories: E – Minimize Carbon Footprint
ENTERING THE 2024 TOP 20 and G – ESG Leadership.
FAMOUS BRANDS OF VIETNAM This award highlighted Coteccons' relentless efforts to
pioneer with the spirit of innovation and creativity in ESG
On July 31, 2024, in Hanoi, the Intellectual Property Office practices.
of Vietnam held an awards ceremony for the Famous
Brands - Vietnam Competitive Brands 2024. Coteccons
was proud to be recognized among Top 20 Famous Brands
of Vietnam.
GETTING ACKNOWLEDGED
Emerging from a brand that endured many storms incurred FOR MEETING INFORMATION
from both external and internal ups and downs, after three DISCLOSURE STANDARDS
years of restructuring, Coteccons has evolved into one of the
nation's premier brands. This accolade solidifies Coteccons' In early July, the Organizing Committee of the 2024 IR
recognition across all aspects of a strong enterprise, Awards unveiled the list of "Information Disclosure Best
alongside awards and titles for business efficiency, working Practices" of the year. This is an annual activity under the
environment, sustainable development, etc. IR Awards co-organized by Vietstock, Vietnam Association
of Financial Executives (VAFE) and FiLi e-magazine. This
year’s results identified 424 listed businesses (60% of the
total number of businesses surveyed) that demonstrated
well-implemented information disclosure standards.

Coteccons was listed as one of the enterprises meeting

specified standards on "Information Disclosure Best
Practices”. Recently, the Company has made consistent and
comprehensive investments to enhance the information
disclosure quality by providing bilingual Vietnamese-
English content and expanding communication channels
to ensure timely access for all stakeholders. This is a
testament of Coteccons’ commitment to transparency.

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CORPORATE
PROFILE
The 20 years of formation and development are the premise
to be inherited and promoted towards an enterprise of
scale, height and sustainability. Coteccons takes the
responsibility as a pioneer in creating a positive impact on
the entire construction industry in Vietnam.

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OVERVIEW

Coteccons does not seek to lead the construction market

merely through market share numbers. The company aims For the full corporate profile, please
towards the vision of being industry leader by creating see with this QR code or on wesbite
new values and standards. coteccons.vn

PHILOSOPHY - PURPOSE
Name in Vietnamese: CÔNG TY CỔ PHẦN XÂY DỰNG COTECCONS

Name in English: COTECCONS CONSTRUCTION JOINT STOCK COMPANY At Coteccons, we believe that a great project not only With that philosophy and purpose, we expect to be given
features external magnificence but also needs to stand the trust to grow stronger with our customers. We stand
Abbreviated name: COTECCONS the test of time. Therefore, not only with bricks and mortar, ready to accompany any project, anywhere, to join you in
Tax identification number: 0303443233 we build each project with heart, vision, reputation and reaching new heights, conquering new limits,and creating
wisdom. new miracles.
The business registration certificate was initially issued by Ho Chi Minh City Department
• Co-create a bright future together.
of Planning and Investment on August 24, 2004.
We follow our dreams and dedicate ourselves to creating • Co-create good works for the world.
Address: Coteccons Building, No. 236/6 Dien Bien Phu Street, Ward 17, new lives. We believe that a successful business is one that • Co-create sustainable values.
Binh Thanh District, HCMC builds a better world.
The above principles help our Coteccons team to remain
Phone: 84.28.3514 2255 - 84.28.3514 2266
focused, motivated and passionate to work every day.
Fax: 84.28.3514 2277
We are Coteccons. We build the futures.
Email: [email protected]

Website: www.coteccons.vn

Business lines:

Construction & installation for works of all kinds

MAIN SERVICES AND PRODUCTS
Architectural & engineering design consulting
Construction of Manufacturing Manufacturing Construction of Construction
Financial trading, investment and real estate
houses of all kinds: of concrete and mining and railway and road of other civil
Charter capital: VND 1,036,332,610,000 Main buisness line products from construction works engineering works
cement and gypsum machinery
Owner’s equity: VND 8,591,267,204,834

Total assets: VND 22,868,774,738,132 Construction of Demolition Preparation of sites Installation of Installation of water
public works electricity system supply and drainage
system, heating
system, and air
LISTING INFORMATION conditioners

Ticker symbol: CTD

Installation of Fitting out of Other specialized Wholesale of Wholesale of materials
Listing year: 2010 other construction construction construction machinery, equipment and other installation
systems works activities and other machinery equipment in
Listing exchange: Stock Exchange Ho Chi Minh Stock Exchange – HOSE
components construction

Wholesale of other Support activities for Architecture and Specialized design

specialized products financial advisory relevant technical activities
which have not which have not been advisory
been categorized categorized
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CORE VALUES

1
QUALITY AND SAFETY
4
DEDICATION CONSTANT IMPROVEMENT
We are committed to We inspire and motivate We always strive to improve
delivering outstanding quality, everyone, with persistence and apply world-class
absolute safety and on-time and commitment to the goal technologies
delivery for each individual of global recognition. to solve business challenges.
project. We listen, learn and constantly
search for breakthrough ideas
to develop.

2 CONSIDERATION
RESPECT AND HUMANITY
We work with empathy
and teamwork. We do not
compromise with actions that
We understand and strive
to bring benefits to all
stakeholders; create
opportunities for career
8
CUSTOMER-CENTRICITY
We put the interests of our
go against humanity and development and prosperity
customers at the heart of
do not create values for the for each individual.
all business decisions and
community. We uphold equity
activities.
and kindness, regardless of
background, position and
capability.

BOLDNESS
We are willing to take on
challenges and take risks to
SUSTAINABILITY
go above and beyond barri-
INTEGRITY We operate with
ers, surpass our limits, and
We are committed to operating environmental protection
create excellence together.
with honesty and transparency. and sustainable development
responsibility, in the best
interest of future generations.

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STRATEGIC PLANNING TO IMPLEMENT

TOWARDS 2029 VISION

In the direction of business development with a long-term and consistent vision, 6 STRATEGIC PRIORITIES 2025-2029
Coteccons has announced a roadmap to implement the 5-year plan, period 2025 -
In order to realize the goals of the next 5-year plan with a typical
2029. In particular, there are some vital goals such as reaching capitalization value of
capitalization target of 1 billion USD, sustainable development as
1 billion USD, sustainable development as an industry leader in Vietnam and a solid
an industry leader in the construction industry in Vietnam and a
presence in foreign markets.
solid presence in foreign markets, Coteccons Identify 6 strategic
priorities for consistent implementation:
2025 STRATEGIC THEME
PROTECT CORE BUSINESS GROWTH – BUILD FUNDAMENTAL FOOTPRINTS FOR NON-CORE BUSI-
NESSS GROWTH: GLOBAL GO-TOMARKET AND NEW BUSINESSES
MAINTAIN GROWTH IN CIVIL CONSTRUCTION, strongly Developing
Industrial Construction & Building foundation for Infrastructure Construction.
We set the goal that "new business segments including international market will contribute 30% of the
company's revenue after 5 years"

2 ENTER INTERNATIONAL MARKETS AND NEW BUSINESSES, making major

contributions to the growth in both top and bottom lines.

AIM TO EFFECTIVELY IMPROVE PROFIT MARGIN. All departments and stages

need to actively research to come up with initiatives, invest in equipment
and apply new technology to continuously improve operating efficiency and
expand profit margins optimally.

RESTRUCTURE ORGANIZATION AND ENHANCE ORGANIZATIONAL

4 CAPABILITY. To build a foundation for sustainable business development,

a flexible operating department with a professional human resources
organization and appropriate human resources in both quantity and quality.

BUILD BRAND STRATEGY AS INDUSTRY LEADER, go towards the goal of

being a global brand. This is the mission to raise the standards of the entire
construction industry, initiate and contribute true value to socio-economic
development, serving the long-term benefits of the community.

COMMIT TO A SUSTAINABLE DEVELOPMENT STRATEGY BASED ON A

6 SOLID ESG FRAMEWORK THROUGHOUT THE COMPANY'S OPERATIONS to

minimize environmental impact, enhance social responsibility and transparent
governance, creating sustainable value for businesses, partners and
communities. This strategy directly complements the core strategies above,
especially in maintaining growth and expanding international markets.

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ABOUT THIS
REPORT
Coteccons conducts its own ESG report to serve the Company's
orientation of deepening ESG implementation.

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METHODOLOGY OF THIS REPORT

With the aim of providing transparency and accountability to stakeholders, documenting

and verifying achievements, and setting a baseline for the next action roadmap, Coteccons
has conducted the Sustainability Report following the below process:

1 2 3 4 5
REPORTING SCOPE STRUCTURE AND DATA COLLECTION REPORTING COMMUNICATION
DETERMINATION INDICATOR DEVELOPMENT AND VERIFICATON

• Researching on trends and • Referring to standards such as • Gathering data through forms, • Reporting following a rigorous • Disseminating the report to
practices in sustainability GRI standards, 17 Sustainable interviews, and meetings. process. relevant stakeholders and media
reporting, especially reporting Development Goals of the United • Coordinating with stakeholders • Presenting the content in a agencies.
requirements for businesses in the Nations, Disclosure Guidelines of to verify, cross-check, and ensure public-friendly format. • Posting the report on the
industry. the State Securities Commission data accuracy. Company's official website at www.
• Reviewing short-term and long- of Vietnam, Circular No. 155/2015/ • Calculating, reviewing, and coteccons.vn, ESG sub-section.
term plans, as well as ESG goals TT-BTC, the International checking results. • Serving as a reference material
for the year. Finance Corporations (IFC)'s for related communication and
• Determining reporting scope and Environmental and Social training programs.
stakeholder impacts. Performance Standards, as well
as domestic and international
sustainability trends and
practices.
• Assessing materiality and
identifying suitable ESG criteria.
• Developing a well-aligned content
structure and length for the report.

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STANDARDS AND SCOPE KEY AREAS

OF THE REPORT

Coteccons has been issuing a Sustainability Report annually, alongside the Annual Report. Since the fiscal year 2024 Based on industry characteristics, 5 strategic goals and development stages of Coteccons as well as through
(July 1, 2023 - June 30, 2024), the Company has published a separate Sustainability Report, in parallel with the Annual hundreds of contacts with stakeholders to understand their expectations, Coteccons has identified 15 key ESG
Report, to accommodate the need for more in-depth practice in this field. areas to focus on investment and prioritize solutions in the past year.

The report mainly focuses on Coteccons' results of sustainable development implementation across 15 key areas
ECONOMY GOVERNANCE ENVIRONMENT SOCIETY
mentioned. These key areas were determined based on a combined assessment of stakeholders' interest levels, their
impacts on Coteccons, the construction industry, and the socio-economic environment. 1. Economic 5. Do business 8. Comply with 12. Humane working
performance with integrity and environmental regulations environment
Regarding the accuracy and integrity of the information presented in the Report, the Company commits to the following:
responsibility 13. Health and safety for
• The report adheres to regulations on Information Disclosure of relevant stakeholders and international standards. 2. Market presence 9. Use green materials
6. Develop workers
• The information and data presented in the report are aligned with the Annual Report and Financial Statements for 3. Promote innovation 10. Emission reduction
and efficiency
environmental and
measures 14. Strengthen cooperation
the fiscal year 2024, as audited by Ernst & Young Vietnam Limited. social policies and with relevant parties
• The report covers the fiscal year 2024 (from July 1, 2023 to June 30, 2024), and all the financial data in the report 4. Build a sustainable management according 11. Construction waste
supply chain management 15. Sustainable community
are referenced from the 2024 consolidated financial statements audited by Ernst & Young Vietnam Limited. For any to standards
development
data outside this scope, detailed explanations will be provided.
7. Build and spread
The report was prepared in Ho Chi Minh City, Vietnam. It encompasses Coteccons's operations in the construction sector, ESG culture
including activities of the headquarter in Ho Chi Minh city, Binh Duong branch, Hanoi office and various subsidiaries.

In addition to the Sustainability Report, Coteccons also releases the Annual Report, Corporate Governance Report (twice
a year), Financial Statements, etc., according to the time frame prescribed by the State. All reports are publicly disclosed
to relevant stakeholders, the media and the public on the Company's official website: www.coteccons.vn.
LEVEL OF IMPORTANCE OF THE KEY AREAS
Coteccons sincerely welcomes any feedback and suggestions on the report's content to enhance the value and reference
of this report for both the Company and relevant parties.

8
For feedback and suggestions, please contact: 1
ESG COMMITTEE
5
Email: [email protected] 4 10
Phone: 84.28-35142255/66 9 12
15 14 13
Address: 236/6 Dien Bien Phu, Ward 17,

Importance to stakeholders
Binh Thanh District, Ho Chi Minh City
11 2
INFORMATION DISCLOSED BY:
Full name: Dinh Thi Hong Tham 3
Title: Information Disclosure Officer
Contact: [email protected]
7 6

This Annual Report is printed in a limited quantity to serve specific needs.

To support Coteccons in reducing the use of paper and printing materials and promoting environmental protection, please access the digital version of Importance to Coteccons
the report on our official website at http://coteccons.vn, Investor Relations section, ESG sub-section.

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GOVERNANCE
FOR SUSTAINABLE
DEVELOPMENT

Transparency is one of the key criteria that Coteccons has consistently

pursued since the beginning of the corporate restructuring process. As a
listed company, Coteccons recognizes that the spirit of transparency helps
ensure fairness for stakeholders according to business ethics and legal
regulations.

For the in-depth content on Coteccons' corporate governance, please refer

to Coteccons' Annual Report and Corporate Governance Report at website
www.conteccons.vn, shareholder relations subsection.

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COTECCONS’ CORPORATE ESG POLICY OF

GOVERNANCE QUALIFICATION COTECCONS
To lay the foundation for consistent and effective ESG practices, Coteccons has
Transparency is one of the key criteria that Coteccons has After reclaiming the position as a leading construction established a comprehensive ESG Policy, coded BOD-PO.06 for the Company.
consistently pursued since the beginning of the corporate enterprise in Vietnam, Coteccons continues to strengthen On March 8, 2023, the Board of Management issued a decision to officially
restructuring process. As a public company, Coteccons organizational structure and enhance internal resources enforce and implement this policy.
recognizes that the spirit of transparency is paramount for the journey ahead, towards greater goals outlined in
in ensuring fairness for stakeholders in line with ethical the company's long-term strategy. Throughout this journey,
business practices and legal regulations. Coteccons remains steadfast in its commitment to the
spirit of transparency, aiming to lead the construction
industry - not only through business performance but also
Through unwavering commitment to the spirit of through pioneering initiatives that contribute to elevating
Overview of ESG Policy of Coteccons
transparency, Coteccons has navigated numerous industry standards and creating sustainable values for the
external and internal challenges, achieving commendable economy and society.
results in the initial stage of corporate restructuring. A
To design an effective corporate governance policy, SUSTAINABLE ENVIRONMENTAL SOCIAL
testament to this success is the resurgence of trust and
confidence among shareholders, investors, customers and
Coteccons has referred to the Code of Corporate DEVELOPMENT POLICY POLICY
Governance Principles according to Best Practices
partners. GOVERNANCE POLICY
for Public Companies in Vietnam issued by the State
Securities Commission and IFC. The company also
regularly references standards and good practices from
• Commitment from senior • Reducing greenhouse gas • Ensuring a fair and equitable
domestic and international organizations to ensure
leadership emissions by efficient resource work environment
updated standards.
use and energy conservation
• Setting ESG objectives • Promoting diversity, equity
• Employing sustainable building and inclusion
• Determining roles and
materials and optimal design to
responsibilities • Prioritizing the health and
reduce carbon footprint
Transparency safety of the workforce
• Developing policies and
• Minimizing waste through
procedures for ESG • Fostering strong community
recycling and waste reduction
engagement
• Engaging and establishing programs
an ESG ecosystem within the
• Protecting and preserving
company’s operations
natural resources through
Coteccons’ 4 • Ensuring transparency and sustainable water management
qualities for Fairness integrity practices
Corporate • Managing ESG-related risks • Adopting renewable energy
Governance sources such as solar energy

Responsibility

Accountability

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POLICY FRAMEWORK/REFERENCE
STANDARDS

INTERNATIONAL

• 17 Sustainable Development Goals, United Nations. (2015). Transforming our world: the 2030 Agenda for
Sustainable Development
• Global Reporting Initiative. (2020). GRI Standards
• Guiding Principles on Business and Human Rights: Implementing the United Nations "Protect, Respect and
Remedy" Framework. New York: United Nation
• International Finance Corporation (IFC) (1998). Doing Better Business Through Effective Public Consultation
and Disclosure. International Finance Corporation. Washington, D.C. Retrieved from https://www.ifc.org
• International Organization for Standardization. (2015). ISO 14001: Environmental Management Systems –
Requirements with Guidance for Use. ISO
• International Organization for Standardization. (2018). ISO 14064-1: Greenhouse gases — Part 1: Specification
with guidance at the organization level for quantification and reporting of greenhouse gas emissions and
removals. Geneva: ISO
• U.S. Green Building Council. (2013). LEED v4 for Building Design and Construction. Washington, D.C.: U.S. Green
Building Council

VIETNAM

• Law on Environmental Protection 2020

• Circular 155/2015/TT-BTC: Responsibility for disclosing company information, disclosing business information,
disclosing periodic financial reports
• Decree 06/2022/ND-CP Regulations on mitigating greenhouse gas emissions and protecting the ozone layer
• Decree 15/2021/ND-CP, issued on March 3, 2021: Regulations on construction investment project management
• Decision 385/QD-BXD, issued on May 12, 2022, is the Construction Industry Action Plan to respond to climate
change
• Corporate Governance Principles according to Best Practices for Public Companies in Vietnam issued by the
State Securities Commission and IFC (2019)

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ESG ORGANIZATIONAL CHART

ESG COMMITTEE
• Head of Committee: Mr. HERWIG GUIDO H.VAN HOVE
Coteccons aims to become and be recognized as an Industry Leader, a role Promote and connect internationally, and the Board of Directors, sponsor ESG strategies that align with the
model in its commitment to practicing ESG in the Construction sector, bringing company's goals and values.
sustainable values that contribute to economic and social development • Board of Management: Ms. NGUYỄN TRÌNH THÙY TRANG
and conservation. protect the environment by doing business ethically Drive ESG strategy, drive ESG implementation across all business activities, work with partners, NGOs and
regulators to drive ESG initiatives and ensure compliance with regulatory requirements. related regulations.
and responsibly through Good Governance. The Sustainable Development
• Sustainability Director: Ms. TRẦN THỊ LIỄU VINH
Governance organizational structure is established to ensure effective and Manage and coordinate the implementation of ESG activities in 3 areas of activity: construction, environment and
impactful implementation of Sustainable Development. This structure is sustainable community
established including the functions of Orientation - Management - Consulting • Senior Consultant – Independent member of ESG Committee: Ms. ĐINH THỊ NGỌC BÍCH
– Implementation. Strategic consulting for sustainable development projects to: Improve the working environment, promote green
initiatives, direct improvements in the supply chain and human resources.

• Senior Consultant about Green Materials: Mr. ĐẶNG MẬU CHIẾN

Consulting and research to promote the development and application of innovative Green Materials in the
construction field.

BOARD OF DIRECTORS
SUSTAINABLE SUSTAINABLE SUSTAINABLE
CONSTRUCTION SITE ENVIRONMENT COMMUNITY
ESG
COMMITTEE

COORDINATE WITH COORDINATE WITH COORDINATE WITH

BOARD OF MANAGEMENT
STAKEHOLDERS STAKEHOLDERS STAKEHOLDERS
• All relevant departments • All relevant departments • All relevant departments
RCA
RISK, COMPLIANCE • Developers • Developers • Construction sites
CHIEF OPERATION OFFICER
AND AUDIT COMMITTEE
• Subcontractors/Suppliers • Subcontractors/Suppliers • Subcontractors
• Local government & authorities • Local Government & authorities • Partners, customers
• Press and media • Non-governmental • Workers
TECHNICAL SUPPORT ESG DIRECTOR CORPORATE
organizations
EXPERT TEAM GOVERNANCE • Independent consulting units • Schools
• Independent consulting units
• Environmental auditing • Non-governmental
organizations • Environmental auditing organizations
organizations
SUSTAINABLE SUSTAINABLE SUSTAINABLE • Local government
CONSTRUCTION SITE ENVIRONMENT COMMUNITY
• Social experts
• Auditing organizations

Orientation Management Implementation Consultancy

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Mr. Herwig Guido H. Van Hove

Member of the Board of Directors
ESG COMMITTEE Head of ESG Committee
Nationality: Belgian
To implement sustainable development with deep expertise and consistency from strategy to
Year of birth: 1969
specific actions across the enterprise's entire value chain, on December 14, 2022, the Board of
Directors decided to establish an ESG Committee under the Board of Directors, alongside other Professional qualifications: Master of Business Administration,
Master of Applied Economics
specialized committees such as the Strategy, Audit and Risk, and Remuneration and Human
Resources Committees. Experience as a member of the Board of Directors
at Coteccons
He became a member of the Board of Directors on June 30, 2020.
Resolution 13B/2022/NQ-HDQT confirmed the establishment of the ESG Committee, which was In 2022, he was re-elected to the Board of Directors for the 2022
approved by all seven members of the Board of Directors. The Committee's staff consists of - 2027 term.
specialists and specialized personnel. Mr. Herwig Guido H. Van Hove, a member of the Board of Experience as Head of ESG Committee
Directors, serves as the Head of the Committee. The ESG Committee currently has 10 members, He became Head of the Environmental, Social, and Corporate
representing all key operational aspects of the Company. Governance (ESG) Committee under the Board of Directors on
February 27, 2023, pursuant to Decision No. 05/2023/NQ-HDQT.
Previous senior management positions
2023 – Present: Head of ESG Committee of Coteccons
2020 - Present: Member of Board of Directors of Coteccons
2019 - Present: Founder and Director of The8th Pte. Ltd.
SUSTAINABLE DEVELOPMENT IMPLEMENTATION TEAM 2018 - Present: Portfolio Manager of Insead Alumni Ventures
To specifically implement the Company's ESG strategies, methods, and policies, transforming 2015 - Present: Founder and CEO of Vahoca Pte. Ltd
sustainable development outcomes into business impacts, Coteccons has established a
Sustainable Development Implementation Team (ESG Team) according to the official decision
issued on March 15, 2023, with the designated members representing all areas of Company
operations. Ms. Nguyen Trinh Thuy Trang
Deputy CEO, Chief Operating Officer
ESG Team members must be nominated from key departments, including but not limited to
corporate affairs, finance, human resources, environment, health & safety, security, operations Nationality: Vietnamese
& procurement, and other relevant fields. Year of birth: 1982
The ESG Team has defined specific functions and responsibilities. Their foremost responsibility is Professional qualifications: Bachelor
bringing ESG to every aspect of the Company's business, making ESG tangible and meaningful Previous senior management positions
for all employees and stakeholders. 2024 - Present: Deputy CEO, Chief Operating Officer
Creating a multi-functional ESG team and optimizing the existing teams is one of the most 2023 – Present: Member of ESG Committee
important steps to realizing the ESG strategy of the Company and is essential for the success 2023 - Present: Member of Unicons Member's Council
of ESG efforts. 2022 - Present: Chief of Staff of Coteccons
2021 – 2022: Chief of Corporate Affairs of Coteccons
Professional experience
Ms. Trang has extensive experience in communications and
corporate affairs, post-merger integration consulting, crisis
management, corporate governance, ESG, and communications
for various brands such as Nokia, Samsung, Huawei, Pfizer,
Saint-Gobain, Sony, MWG, AIA, etc.
Ms. Trang joined Coteccons in 2020 as a change management
consultant and officially became the Company's Chief of
Corporate Affairs in 2021. After leading brand reputation-building
programs for Coteccons, she was appointed Chief of Staff in
2022. In addition to her core expertise in communications and
branding, Ms. Trang is responsible for establishing strategies
and implementing organizational transformation through human
resources development, culture building, digital transformation,
and business development.

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Dr. Dinh Thi Ngoc Bich

Consultant
Independent member of the ESG Committee
Nationality: Vietnamese
Year of birth: 1971
Professional qualifications: PhD in Social Sciences - KU Leuven Public Governance Institute
(Belgium)
Experience as an Independent member of the ESG Committee
Independent member of Coteccons ESG Committee since March 15, 2023
Previous senior management positions
2023 – Present: ESG Expert, Independent Member of Coteccons' ESG Committee. Dr. Habil. Dang Mau Chien
Consultant
2022 – Present: Researcher and policy consultant in sustainable development governance.
Nationality: Vietnamese
2020 - 2021: Senior Research Fellow at the Centre for Global Collaboration Research, University of
Duisburg, Essen (Germany). Year of birth: 1959

Professional experience Professional qualifications: Professor - Senior Lecturer, PhD in Materials Science
and Engineering (1994, France), PhD in Materials and Process Engineering (2007,
Dr. Bich is a leading expert in consulting and implementing sustainable development strategies
France), Master in Manufacturer Management (1996, France).
for large corporations and organizations. With over 30 years of experience in managing and
Management and consulting positions held:
coordinating domestic and international development projects, she specializes in institutional
building; consulting on organizations, processes, and policies regarding sustainable development 2017 - Present: Chairman of the Interdisciplinary Council of Materials Science and
and responsible business; and ensuring the sustainable development of supply chains and value Technology - Vietnam National University, Ho Chi Minh City
chain connectivity according to international and domestic standards. 2009 - Present: Member/Vice Chairman of the State Council of Professors in
In particular, Dr. Bich has extensive research experience in climate governance, public-private Metallurgy
partnerships, and global cooperation for sustainable development, along with areas related to 2009 - Present: Permanent Vice President of the Materials Research Society of
human rights and sustainable livelihoods. She was awarded the Jules Van den Heuvel Prize, which Vietnam
honors outstanding non-European researchers with noteworthy doctoral dissertations in Social Professional experience
Sciences, for her creative and innovative contributions to society.
With over 40 years of teaching and research experience in Materials Science &
At Coteccons, Dr. Bich has made important contributions to sustainable development projects and Technology, Professor Chien is a member of several national advisory councils.
provided strategic ESG consulting for the period 2023 - 2027, based on international standards. At the same time, he has authored and co-authored about 120 scientific
Her efforts have helped Coteccons make great strides in improving its work environment, articles in ISI and Scopus journals, 235 articles in other journals and conference
promoting green initiatives, directing improvements in the supply chain, and utilizing human proceedings, and held 20 intellectual property patents.
resources. She has also contributed to building a team of highly qualified personnel capable of
realizing ESG goals throughout Coteccons' development process.

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Ms. Tran Thi Lieu Vinh Mr. Do Duong Truc

Sustainability Director Health, Safety, and Environment (HSE) Director
Leader of the Sustainable Development Implementation Team Nationality: Vietnamese
Quốc tịch: Việt Nam Year of birth: 1968
Nationality: Vietnamese Professional qualifications: Bachelor of Business Administration
Year of birth : 1976 Occupational Safety and Health Professional Certificate issued by
OSH Academy
Professional qualifications: Bachelor of English Language
Experience as an ESG/HSE member at Coteccons
Experience as a Director of Administration & Sustainable
Development Mr. Truc became the HSE Director at the LEGO Vietnam project in
June 2023 and went on to assume the same role at the Suntory
She assumed the role of Director of Administration & Sustainable
Pepsico project from April 2024. He has been the HSE Director at
Development on November 1, 2022, and has been the Leader of the
Coteccons' head office since August 2024.
Sustainable Development Implementation Team since June 19, 2023.
Previous senior management positions
Previous senior management positions
2023 - present: HSE Director of Coteccons
2022 - Present: Director of Administration & Sustainable Development,
Coteccons 2022 – 2023: HSE Director of Masterise Homes Group
2020 - 2022: Director of Human Resources Management, Coteccons 2018 – 2022: HSE Director of Tuan Le Construction Company
Limited
2000 - 2020: Director of Human Resources at Tara Joint Stock Company,
Thinh Phat Group Joint Stock Company; Sai Gon Paper Corporation; 2007 – 2018: HSE Director at M+W Vietnam (Exyte), Kajima
Licogi 1 Joint Stock Company, Wipro Consumer Care Vietnam Company Vietnam, JABIL Vietnam, AkzoNobel Vietnam, Intel Products
Limited, White Horse Company, etc. Vietnam, etc.
Professional experience Professional experience
Ms. Vinh joined Coteccons in October 2020 as Director of Human With over 27 years of experience in HSE at many multinational
Resources Management. With over 20 years of working in Human companies and corporations, Mr. Truc has demonstrated excellent
Resources Management, she is experienced in corporate restructuring, leadership skills and a strong commitment to creating a safe and
and M&A, and has participated in many Social Association projects in sustainable work environment. He has led numerous important
multinational corporations. Taking advantage of her strengths in human projects, from developing occupational safety training programs
resources, processes, and understanding of the relationships between to implementing environmental protection initiatives. With his
employees and businesses, Ms. Vinh officially assumed the role of strategic vision and outstanding management skills, Mr. Truc not
Director of Administration & Sustainable Development in November only ensures compliance with HSE regulations but also promotes
2022, leading the transformation and integration of responsible a culture of safety and health throughout the organization.
business with the environment, community, and society, promoting the
implementation of good ESG practices in organizational operations,
driving towards sustainable goals according to the Company's strategy.

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RISK MANAGEMENT

At Coteccons, the Board of Directors is the center of the risk management system. The specialized committee of the Being fully aware of the importance of risk management, the Company has
REQUIREMENTS
Board of Directors is the Audit and Risk, which plays as advisor for the Board and is responsible for assessing and developed a risk management policy with a number of key requirements:
identifying main risks during operations, ensuring that risk management is carried out at the best. FOR RISK The Board of Directors, specifically the Audit and Risk Committee, is responsible
The Audit and Risk committee will also support the Board of Directors in making strategic decisions based on a full MANAGEMENT for determining the strategic direction and structure for the risk management
understanding of risks. Currently, the Company is consolidating the personnel of this committee to ensure a specialized function to meet the requirement the Company’s most effective operation.
force responsible for establishing and implementing policies related to risk management of Coteccons as well as its Coteccons' risk management policy is developed based on the method of industry-
affiliated companies. specific risk determination (evaluating based on the frequency of occurrence and
the level of impact of the occurring the risk), thereby proposing appropriate risk
management measures.

The functional bodies of the Company take the first responsibility in daily risk
management, raising awareness and disseminating about risk management in
BOARD OF SUPERVISORS INTERNAL AUDIT BOARD their respective bodies.
Monitor compliance with risk Regularly evaluate and independently verify
management procedures the effectiveness of risk management The Internal Audit Board is in charge of evaluating the operation efficiency of risk
policies. management though the evaluation of programs and plans of the Internal Audit
Board approved by the Board of Directors and the Board of Supervisors.

For the past year, under the complicated and multi-dimensional impact of
GENERAL
MEETING
BOARD OF DIRECTORS BOARD OF MANAGEMENT DEPARTMENTS/
CONSTRUCTION SITES/ RISK the market, along with the need to increase the Company's growth rate, risk
Give high-level approval of Establish risk management CENTERS
OF
SHAREHOLDERS
policies related to risk
management system and
policies and recommend
internal control and
Check, idenfity, evaluate and MANAGEMENT IN management has been required to pay more attention.
manage direct risks
With the planned tasks and methods, Coteccons defines two levels of risk
internal control system management mechanisms
THE FINANICIAL management including: risk management on project level and risk management
YEAR on the corporate level.

Within the scope of this report, Coteccons presents the identification of key risks
AUDIT & RISK COMMITTEE for ESG implementation.
Identity material risks in the
operation process and make
recommendations to the BOD

Coteccons fully identifies the • Help the Company implement its consistent future plans and control the
importance of risk management operational process by building optimal risk management mechanisms and
in protecting growth achievements policies.
and promoting the Company's
• Strengthen the Company’s capability in decision making, planning and
development with the following key
identifying the strategic priorities based on the coherent understanding of
values:
business operations and environment, opportunities and challenges of the
company.

• Increase the efficiency in allocating and using of resources.

• Minimize inadequacies in every aspect of the Company.
• Protect and enhance assets and reputation of the Company.
• Develop human resources and foundation of the Company.

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STRATEGY RISKS

OCCUPATIONAL SAFETY BIDDING RISKS

Risk Description Risk Description

Specifically, the construction sector requires workers to work in harsh conditions affected by factors such The bidding period always has risks including: An increasing number of competitors, incorrect pricing from
as: Weather, height, heavy machinery, a large number of workers, urgent construction progress, etc., which competitors, unfair competition, lack of input information, incomplete control of items to be performed,
will always places them in occupational risks. inadequate design drawing, inaccurate data estimation, rushing progress, etc.

The Company's bid winning rate has improved significantly in recent times but is still quite low compared to
Response Measures the total number of projects the Company participated in bidding. This fact proves that market competition
is really fierce.
• Closely control the application of safety procedures and regulations, always uphold the slogan
"Safety first".
• Invest in new construction and safety control equipment, ensure regular maintenance.
Response Measures
• Apply safe and efficient new construction technologies.
• Search for information sources, analyze the strengths and weaknesses of competitors.
• Provide adequate technical safety equipment for all workers of the Site Steering Divisions and the
• Build a team to link departments: Tender Department, Cost and Contract Management Department,
subcontractor's teams.
Engineering Management & Technology, etc. to optimize the original cost, thereby possessing
• Regularly organize training, group meetings, assessment and inspection of safety assurance.
competitive edge right from the start.
• Implement safety control, assessment and remedial reports monthly and quarterly with the highest
• Take advantage of the abundant cash to accompany and support the developer's financial plans or
attention.
apply the Finance & Build model to make a difference in the market.

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RISK OF RELATED PARTY TRANSACTIONS HUMAN RESOURCES AND BENEFIT POLICY

Risk Description Risk Description

Transactions with stakeholders always have potential risks of profiteering and conflicts of interest with other • Human is always at the heart of the development of the Company. However, some major changes in
shareholders in the Company. Related party transactions may raise a concern to investors and affect the personnel during the year across all levels have more or less affected the whole team’s morale.
reputation of the Company. • As the Company changed our benefit package, the application of the new benefit package without
proper consideration will lose the psychology of employees.
Response Measures • Brain drain can occur in the context of an increasing number of competitors in the market, which
Develop policies, internal procedures and monitoring mechanisms in accordance with the provisions of law requires high-quality human resources
and international practices to ensure transparency in related party transactions.

Response Measures
LAWS
• Enhance the effectiveness of internal communication so that all members clearly understand the
Company's policies and actual situation.
Risk Description • Conduct internal surveys on employee satisfaction with the current benefit policy and compare it with
• Coteccons' operating environment is under the framework of many legal regulations such as Laws other industry peers
on Enterprises, Construction, Commerce, Real Estate, Labor, Investment, Securities, Tax and Social • Build and train a team of young successors is always a priority of the Company to promote sustainable
Insurance, etc. The constant development and update of legal documents require the Company to growth and development. Propose a career development roadmap for each individual in the Company,
always monitor, adapt and make necessary and timely adjustments. accurately assess their capacity and effort, and apply rewarding benefits and policies.
• Coteccons always upholds compliance with the law and responsible operation with the community and • Provide hard and soft skills trainings, promote and empower levels of personnel appropriately so that
society, and minimizes impacts on the environment. they have the opportunity to challenge themselves.
• Currently, there are differences among the regulatory provisions, for example the inconsistent definitions • Associate with major universities in the sector for ongoing succession planning.
of Stakeholders under the Vietnamese Accounting Standards and the Law on Securities. As a result, • Work with reputable recruitment partners to supplement talents in the market to the areas of work to
there may be shortcomings in the composition of financial statements, degrading transparency and be upgraded and expanded.
legal compliance.

Response Measures
• Recruit and build the professional legal personnel, constantly update policy amendments.
• Work with professional law experts and partners for timely consultation.
• Regarding the securities sector, the Company needs to control the compliance with legal regulations
including the Law on Securities, the Law on Enterprises, the Charter, the Corporate Governance
Regulations, etc. to prevent fraud risks and enhance transparency and credibility of the Company in
the market.
• Apply ISO 14001:2015 in management and actively control environmental issues to ensure compliance
with legal requirements.

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STAKEHOLDERS HARMONIZE NEEDS AND INTERESTS

WITH STAKEHOLDERS

COMMUNICATION/ DIALOGUE MATTERS OF CONCERN COTECCONS’ EFFORTS TO MEET

Identify stakeholders. Evaluate priority based on MEETING CHANNEL FREQUENCY STAKEHOLDERS' EXPECTATIONS
the impacts of the parties
to Coteccons and vice versa.
EMPLOYEES

• Survey employees on • Annually • Ensure job security, • Be recognized as the best place to work
working environment, professional, equal, in Vietnam in the Construction industry
salary, bonus and and non-discriminated for years.
welfare. working environment. • Organize rigorous recruitment to ensure
• Annual employee • Annually • Offer attractive benefit, transparency and fairness.
STAKEHOLDER salary, bonus policies,
meeting. • Maintain the salary, bonus and welfare
CONSULTATION • Periodic events of the • Annually/ fair working conditions. policies of employees.
PROCEDURE Company. quarterly • Secure occupational • Build fair compensation policies and
• Training and coaching • Continuously safety standards. development roadmap.
programs. • Be recognized for • Provide training programs and learning
• Internal communication • Monthly achievements and environments for all levels.
programs and contributions.
• Give special priority to occupational
publications. • Offer opportunities for safety and health.
career promotion and
• Mechanism for direct • Continuously • Offer comprehensive health insurance
succession planning.
discussion, complaint for all employees and provide financial
Consult stakeholder Evaluate, respond, and take settlement, two-way • Provide training and support for them to buy health insurance
appropriate actions to meet consultation. upskilling programs. for their families.
stakeholders’ expectations.
• Organize sports events and physical
fitness training movement among the
whole Company.
• Develop and train successor team.
• Develop and promote “One Team” spirit
In the spirit of transparency, integrity and professionalism and fairness, Coteccons always upholds respect for the for the whole Company.
legitimate interests and rights of stakeholders. This is clearly shown through contracts and cooperation with customers,
suppliers, and subcontractors. The regulations are specified in policies on environment, community, anti-corruption,
creditor protection, welfare and labor safety... In particular, it is emphasized in the set of Business Conduct Principles
that the Company has issued.
WORKERS UNDER SUBCONTRACTORS
To increase effectiveness in interacting with stakeholders, the Company's Board of Directors regularly contacts, exchanges
and receives feedback through many different approaches. Thereby, the Company constantly improves its regulations
and operations to increasingly meet the needs of all parties in aspects of governance - society and environment. The Access to understand 9,841 group Income level; Ensuring life • Gifts/health check-ups to 27,473 workers
company also proactively discloses information of key contacts so that relevant parties can promptly contact them thoughts and aspirations; interview for family and relatives; during Xây Tết campaign;
when they have work needs as well as complaints that need to be resolved. Carry out survey research questionnaires. Children's education… • Scholarships for children of workers.
to evaluate the current 60 in-depth • Family care program for workers raising
These efforts have been specifically recognized by stakeholders through awards and evaluations for the Company in the situation of workers. interviews children.
past year as mentioned. at different
construction sites.

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COMMUNICATION/ DIALOGUE MATTERS OF CONCERN COTECCONS’ EFFORTS TO MEET COMMUNICATION/ DIALOGUE MATTERS OF CONCERN COTECCONS’ EFFORTS TO MEET
MEETING CHANNEL FREQUENCY STAKEHOLDERS' EXPECTATIONS MEETING CHANNEL FREQUENCY STAKEHOLDERS' EXPECTATIONS

CLIENTS- DEVELOPERS SHAREHOLDERS – INVESTORS

• Face-to-face meetings, • Continuously • Quality. • Achieve the Certificate of Construction • Annual General • Annually • Corporate Governance • Comply with information disclosure
and phone/ email • Brand name and Activity Capability. Meeting. ability. regulations.
discussions with reputation. • The management system is built • Improve corporate governance
• Extraordinary GMS, • Occasionally • Management and
developers.
• Project progress. and implemented according to the consultation from executive capacity of performance by exercising the good
• Survey questionnaires. • Annually • Occupational safety.
latest international standards such as Shareholders. the Board of Directors. international corporate governance code
• Continuously ISO 9001:2015, ISO 14001:2015, ISO such as OECD, Asean Scorecard, IFC,
• Consulting workshops
• Construction costs. • Face-to-face meetings • Annually • Medium and long-term
and conferences on 45001:2018. Vietnam Corporate Governance Code of
and consultations. development strategies.
• Construction • Continuously update and perfect internal Best Practices for Public Companies in
construction engineering.
engineering. • Dialogue with • Quarterly • Stable business
• Training sessions on • Continuously technical processes. Vietnam.
Shareholders, Analyst performance.
• Construction team. • Possess impressive construction • Ensure equality in all activities between
occupational safety Conferences • Compliance and
and health in construction. technology and equipment capability. domestic and foreign shareholders,
• IR channel: Email, • Continuously transparency in
• Websites, social media, • Continuously • Import the machinery and equipment phone, website, social information disclosure.
individual and institutional shareholders.
forums, etc. from Europe and developed countries in media, forums, etc. • Actively seek cooperation opportunities
• Protection of
• Market research • Continuously the region. with shareholders and strategic investors.
shareholders’ interests
• Diversify products and services to serve and fairness. • Flexibly adjust business strategies to
customers' needs through R&D activities. maximize profits and bring benefits to
• Future development
CUSTORMERS – END USERS • Actively consult and seek solutions to potential of the
shareholders.
support customers and developers in legal, Company. • Promote and diversify information
• Face-to-face meetings, • Continuously • Projects’ quality for technical detail, and financial issues. channels, actively hold meeting with
• The internal values
discussions via phone, users. • Fulfill commitments with customers on shareholders, investors, analysts.
of the Company, the
email with end users • Safety and efficiency in schedule with the best quality. market price of the
after handing over practical use. • Maintain regular interaction and shares.
completed projects.
acknowledgment of ideas through the
• Websites, social media, • Continuously following channels: Business Development STATE REGULATORS
forums, etc. Department, Warranty Department,
• Market research. • Continuously survey emails, face-to-face meetings, etc. • Update and apply new • Continuously • The law compliance. • Strictly comply with the laws, regulations
policies and regulations • Doing business with and guidelines set forth by the regulators
PARTNERS (SUPPLIERS/ SUBCONTRACTORS/ CONSTRUCTION TEAMS of the State. responsibility. in all activities of the Company.
• Cooperate with local • Continuously • Tax payment. • Ensure occupational safety and health in
• Face-to-face meetings. • Continuously • Procedure of selecting • Strive to accompany with more than
authorities protection, the construction of all projects.
• Conferences and • Annually/ and evaluating 2,500 subcontractors, suppliers, and • Support and response
construction safety. • Minimize impacts on the environment.
workshops for Quarterly subcontractors, suppliers, construction teams. to policies and calls of
subcontractors, construction teams. • Make payment for subcontractors,
• Participate in State- • Occasionally state agencies. • Fulfill tax obligations with the State
suppliers and • Policy to support and suppliers, and construction teams on
held conferences and
• Contribution to the budget.
workshops.
construction teams. • Continuously develop construction units time. development of the • Actively participate in and become
• Occasionally
• Outbound to works together with • Hold meeting with partners to research
• Make proposals and industry. a member of industry associations,
communication via Coteccons. and brainstorm solutions to improve work
comments on draft contribute ideas to build markets for new
legal documents. products.
website, email, phone, • Payment process for quality.
etc. subcontractors, suppliers, • Effectively interact
• Regularly re-evaluate the partners’ • Continuously
construction team. with agencies and
capacity in coordinating, providing
authorities.
• Create long-term products and services, etc., to meet the
collaborations with needs of the Company and customers.
partners. • Implement the “Build Tet” program and
• Transparency and activities to support construction workers.
fairness.
• Cooperation for mutual
benefits.

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COMMUNICATION/ DIALOGUE MATTERS OF CONCERN COTECCONS’ EFFORTS TO MEET

MEETING CHANNEL FREQUENCY STAKEHOLDERS' EXPECTATIONS

COMMUNITY

• Coordination with • Occasionally • Responsible business, • Implement more than 500 projects across
local authorities to contribution to local Vietnam and countries in the region such
implement community economic development. as Laos, Cambodia, and Myanmar.
programs. • Job opportunity and • Create jobs for nearly 2,300 employees
• Bilateral discussion. • Occasionally improve local income. and more than 30,000 indirect workers.
• Volunteer programs in • Job for students and • Establish the One heart charity fund.
• Occasionally
the local community. attract young talents. • Make great contributions to charity
• University affiliated • Local infrastructure activities.
• Occasionally
programs. development. • Implement many far-reaching programs
• How to minimize on afforestation, green lifestyle, home
construction impacts repair, and support for the needy, etc.
on the community. • Maintain relationship with reliable
universities such as Ho Chi Minh City
University of Technology, University of
Architecture Ho Chi Minh City, University
of Civil Engineering, etc. to train and
supply the future workforce.
• Business development strategy
associated with ESG factors.

MEDIA ORGANIZATIONS

• Press releases. • Occasionally • Truthful, transparent • Actively provide timely and transparent
• Websites, social information that reflects information to the market through press
networks. the Company's activities releases, conferences, etc.
and development strat- • Timely respond to questions and inquiries
• Press Conferences.
egies. of the press.
• Interviews. • Occasionally
• Proactively handle information crises
• Conferences, seminars,
and correct false information about the
forums on economy • Occasionally
Company in the market.
and construction.
• Occasionally
• Continuously

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ECONOMIC
PERFORMANCE

Coteccons' fiscal year 2024 deserves to be considered

a brilliant picture. This picture becomes even brighter
if placed in the context of the construction industry and
Vietnam's economy in general, which has just begun to
prosper again after a long period of gloom. Not only
did it bring Coteccons back to the top, that result also
brought great motivation and opened new prospects
for the ecosystem and business network surrounding
the Company.

For the in-depth content on Coteccons' business

performance, please refer to Coteccons' Annual Report
and Financial Report at website www.conteccons.vn,
shareholder relations subsection.

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ECONOMIC
PERFORMANCE

Unit: Billion VND

66 projects
implemented
60 projects
new winning-bid project
2024 Compared to 2023 Compared to the plan

Revenue 21,045 Increased by 30.8% 105% of the plan

Profit before tax 387 Increased by 318% -

Net profit after tax 310 Increased by 358% Exceeded the target by 8%

22,000 VND
billion
worth of new winning-bid projects
30,000
worth of existing backlog
VND
billion According to the Ministry of Construction's report, the There was a shift in Coteccons' revenue structure with
growth rate of the domestic construction industry reached the industrial sector (mostly FDI projects) accounting for
in the year
7.34% in the first 6 months of 2024. The growth rate of real a large proportion of 50%, the civil sector contributing
estate business activities increased by 2.45% compared to approximately 45%, and the resort tourism sector making
the same period last year. up around 5%. These diversified revenue streams enabled
the Company's more stable growth, allowing it to be
In this context, Coteccons accomplished various independent on a single product line or customer group
achievements, with a revenue growth rate of nearly 31%, and mitigating risks related to market fluctuations.
gross profit surging 200% while the net profit after tax
soaring 358%, etc. This vigorous growth has significantly Over the past year, Coteccons also significantly enhanced

294,638,899,011 VND
improved the company's financial health, elevated its
internal capacity to a new level, expanded the operating
its speed and efficiency in bidding for new projects. The
Company participated in bidding for 104 projects and
Total taxes Coteccons paid to the State budget in the year network and strengthened its industry-wide influence. was awarded 60 ones, resulting in a winning rate of 58%,
surpassing the previous typical range of 20 – 30%.
Throughout the fiscal year 2024, Coteccons' business
operations remained dynamic, consistently producing With 60 new projects, the total worth of contracts won in
positive results across various aspects. The Company the year reached VND 22,000 billion, bringing the total
cemented its position as an industry leader in Vietnam backlog to VND 30,000 billion. Notably, 41 out of the 60
in terms of on-going projects with a total of 66 ones. In new projects were secured through the “repeat sales”
the first six months of 2024, Coteccons launched 30 new strategy, meaning new contracts with existing customers.

132,912,651,366 VND
projects. Moreover, it delivered 22 projects, receiving high
customer satisfaction.
These were projects won or assigned by investors that
Coteccons had previously served. This proves the efficacy
Social Insurance payment amount of the Company and employees of the company's strategy, which focuses on construction
At the end of the fiscal year 2024, the Company recorded a quality, outstanding customer services and the provision
revenue of VND 21,045 billion, a 30.8% increase compared of added value. Consequently, the Company has gained
to the fiscal year 2023 and 105% of the adjusted business high customer satisfaction, ensuring its reputation and
plan. Its gross profit almost doubled to VND 712 billion credibility to secure more new projects from existing
compared to last year while the net profit after tax clients.
experienced a remarkable 358% year-over-year increase,
reaching VND 310 billion and representing 104% of the The indicators of revenue, profit, new bid winning rate, etc.,
new target. all affirm Coteccons' position as a leading company in the
Vietnamese construction industry.

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THE POWER OF GREEN BRANDING

Coteccons is positioned to achieve the highest brand value in the
history of Vietnam's construction industry. Currently, according
to Isolated Brand Valuation@ from the website Brand Equity
Check, Coteccons is worth about USD 377-460 million, a ninefold
increase compared to 2015.

One of the key drivers behind Coteccons' spectacular rise Another testament to Coteccons's ability to meet high
is ESG. In the corporate restructuring strategy conducted ESG standards is the number of LEED and LOTUS certified
over the past 4 years, Coteccons has redefined its core projects the Company has completed. To date, Coteccons
brand philosophy. Accordingly, the Company has reshaped has completed 46 out of 305 projects nationwide that
its entire values, criteria, vision, mission, and manifesto. have received these certificates. Coteccons is also the
Coteccons aims to become a people-centric brand, elevate construction contractor with the highest number of LEED
industry standards on environmental sustainability, serve and LOTUS certified projects in the industry. The Company
the balanced interests of all stakeholders while foster has also established a network of 57 green-certified
sustainable development for the community and the future product suppliers with priorities for proposing green
of society. Coteccons views this as the ethical cornerstone materials and solutions for projects implemented.
for developing a genuine business.
Coteccons's existing advantages, capabilities and robust
Integrating ESG into the core of the development ESG implementation strategies position itself to approach
strategy has significantly boosted Coteccons' business the green capital market in the next phase.
performance. ESG serves as a "weapon" that enables
Coteccons to penetrate the FDI customer segment and In recognition of Coteccons's commitment to sustainable
undertake projects with stringent environmental standards, development, in June 2024, the Company entered Top 500
which has brought the company significant advantage in Largest Companies in Southeast Asia as voted by Fortune
bidding and helped it win the largest projects. Magazine. Within the construction industry only, Coteccons
stands as the largest company by scale in Vietnam to be
Notable projects that demonstrate Coteccons's included in this list.
competitiveness and position, thanks to its ability to
meet stringent international ESG standards, include Lego To the public, Coteccons is a brand that is "rising brilliantly"
Vietnam Factory (located in Binh Duong with a total as awarded at the WeChoice Awards in early 2024. In
investment of USD 1.4 billion), Suntory Pepsico (Long An, a survey of more than 1,300 people from various public
USD 300 million), Pandora (Binh Duong, USD 150 million), groups, Coteccons was perceived as an emotionally
Logos (Bac Ninh), BWID (Bac Ninh), Mappletree Logistics connected brand.
Park 2 (Bac Giang), etc.
Coteccons has embodied no longer a stereotyped
Among these, Pandora is the largest factory in Southeast perception of a construction contractor but a brand that
Asia that meets LEED standards, LEGO is the first carbon- touches hearts and motivates people.
The emotional nuances that the public asso- neutral factory of the LEGO Group worldwide, and Suntory
ciates when hearing or seeing the Coteccons Pepsi utilizes most advanced green technology in the Asia-
brand - results from a recent survey with 1,300 Pacific region. These projects all require bidding documents
people. to demonstrate the company's ESG implementation
capabilities, including direct testing and interviews.

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MARKET PRESENCE Workers' income

The income of employees at Coteccons is composed of: Salary, Bonus, Allowance. The Company is
reviewing and increasing salaries for officers and employees with an increase in the total salary fund
With high revenue and growth, Coteccons has
of the entire Company reaching 10% in 2024.
advantages conditions and opportunities to recruit
• The 13th month salary policy will continue to apply in 2024, helping employees have 13 months
talented personnel and improve salary, bonus and salary/year.
welfare policies for employees. At the same time, the • With good production and business performance, the Company has set aside a Bonus Fund
strongly promoted OWN IT - empowerment culture equivalent to 3 months of Salary Fund to reward officers and employees according to the results
has helped the Company enhance its employer brand, of everyone’s performance evaluation. In addition to KPIs bonuses, officers and employees of
becoming a desirable workplace for many workforces. projects also receive unexpected bonuses, completion bonuses, profit exceeding... according to
the Company's regulations.
• The company fully pays allowances for officers and employees such as phone calls, meals,
transportation, fuel/petrol, etc.
• In addition, the Company always complies with paying wages for overtime, night shifts and
working on holidays and official days off for employees (if any) in accordance with the provisions
of law.

Compare the average income of female

officers and employees compared to male
and other employees

Everage income of
employees

33,759,541
is high compared to the industry
and labor market average
The average income of The average income of
male officers and employees female officers and employees
is 33.942.244 VND is 31,839,265 VND

Accordingly, the average income ratio of female to male employees is 93%,

there is not too much difference in income by gender at the Company.

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INDIRECT ECONOMIC IMPACTS

As a leading construction company in

Vietnam, Coteccons plays a central role
in a large-scale production - business -
consumption network. At the same time,
having 66 projects implemented last year,
the Company also has exerted certain
effects on communities and localities where
its projects are carried out.

• Coteccons is collaborating with approximately 3,500 suppliers across

various sectors, both domestically and internationally. The Company
plays an active role in coordinating and promoting harmony within this
network through fair business principles.

• 66 bustling construction sites also serve as the source of employment for

approximately 30,000 workers.

• The Company prioritizes local human resources and products-services

based on suitability, assisting local suppliers and workforce in meeting
relevant standards to enhance their responsiveness and competitive
advantage.

• Coteccons's new position in the FDI sector has made the Company
a crucial economic and technological connection point to major
international investors and corporations, contributing to meeting their
needs and standards in order to facilitate the wave of foreign investment
into Vietnam.

• New steps into the international market have opened up new prospects
for not only the Company but also for many stakeholders, expanding the
value chain and operating network across multiple sectors related to the
domestic construction industry.

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81% 85%
PROCUREMENT PRACTICES of contractors reported having procedures for
reducing and recycling wastewater, waste, and
of contractors participating in Coteccons'
survey comply with procedures for reducing
hazardous solids. and recycling wastewater, waste, and hazard-
ous solids.
In 2024, the Purchasing Division implemented centralized purchasing of key materials, negotiated high-value purchasing
packages of major projects such as Pandora factory and Suntory Pepsico factory.
In an effort to build a healthy supply chain by integrating ESG standards into its supplier evaluation and
In addition, the Purchasing Division supported departments in negotiating standard material purchasing packages to selection, Coteccons has identified 53 suppliers meeting green standards. Scorecards have been sent to
bring about the best results. those suppliers as a baseline for ESG performance evaluation.

Along with ensuring a stable material supply and controlling procurement costs for optimal pricing, the Purchasing Divi-
sion remained committed to building and developing a sustainable supply chain. Within the year, the Purchasing Division
coordinated with the ESG committee to identify and source suppliers offering sustainable products with both domestic
and international green certifications. This effort was to build a portfolio of green products and suppliers, contributing
to minimizing environmental impacts of construction materials.

Concurrently, the Purchasing Division conducted ESG assessments of suppliers to determine the ESG policies as well as
development roadmap of each supplier and then incorporated these criteria into the supplier selection process.

For suppliers lacking an understanding of ESG, the assessments and information exchange were meant to facilitate their
comprehension and awareness. As a result, these suppliers have begun to implement related activities to jointly upgrade
product and service standards, bringing sustainable and responsible values to society.

In the upcoming time, the Purchasing Division will allocate forces to carry out the following key tasks:

Sourcing Purchasing Trading

Focusing on expanding Optimizing efficiency, Developing and contributing

and diversifying supply maintaining and developing a to supplying the market with
sources. portfolio of strategic partners high-quality materials certified
and companion units. by Coteccons.

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Core values of the company and operational criteria of

the purchasing division

INTEGRITY AND TRANSPARENCY

With the spirit of "transparency in all activities", the Purchasing Division is

committed to offering the most competitive prices through the participation of
multiple suppliers. Purchase prices have been cross-referenced with various data
sources to ensure that procurement aligns with appropriate pricing, quality and
accompanying policies.

Each material item always includes at least 2 suppliers to ensure sufficient

production capacity and timely delivery, minimizing risks and avoiding monopoly.

All cooperating suppliers fully understand and sign the Transparency Commitment
before executing the contract.

MUTUAL GROWTH

The value of main materials accounts for 27% to 32% of the total contract value.
Given such a large proportion, ensuring the supply in terms of quantity, quality,
and pricing is of utmost importance. Therefore, building a network of partners that
meet the criteria is the top priority of the Purchasing Division.

Each supplier that has been, is and will be cooperating with us is an important
partner contributing to the success of Coteccons in general and the project in
particular. The Purchasing Division always aims to balance the interests of the
company and its partners to foster long-term and sustainable partnerships.

Every year, the Purchasing Division will select potential suppliers and nurture
them into strategic partners by signing principal contracts to accompany them
throughout the development process.

CONTINUOUS IMPROVEMENT

The Purchasing Division consistently enhances work efficiency through close

coordination with the MIS team to update our software suite, including ERP SAP
S/4HANA, Econs, E-Bidding, etc.

The Division works with the IT department to develop Power BI reports in order to
optimize data tracking and decision making.

We also actively elevate partners with green-certified products, contributing to

improving the quality of input materials and minimizing negative impacts on the
environment.
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COTECCONS
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BUSINESS INTEGRITY

Coteccons consistently upholds the spirit of INTEGRITY when interacting

During the year,
with customers, partners and other people around. In line with this principle,
the Company strives for a culture of integrity in a transparent business Coteccons conducted
environment.

6,099
To put this into practice, Coteccons has issued and strictly implemented the
Code of Conduct in Business. Accordingly, the Company disseminates to
all members its commitment to honesty and ethical conduct in all activities, hours
building corporate reputation based on fairness, respect, integrity,
of training on the Code of Conduct
credibility and sound business judgment.
in Business

In order to protect the Company's reputation and rights, Coteccons will

neither compromise on choices that only serve short-term interests nor
tolerate any illegal or unethical behavior within the team.

This policy applies to all Coteccons members and members of subsidiaries

(whether temporarily employed, under a fixed-term or an indefinite-term
6,072
in-person training
hours

labor contract), apprentices, interns, volunteers, outsourced personnel,

agency employees, consulting units, subcontractors, sponsors, and any
other relevant organizations or individuals (including third parties).

At the same time, the aforementioned policies and regulations are effective
across all locations and jobs related to Coteccons.
27
online training
hours

99.36%
of Coteccons and Unicons (subsidiary) employees
completed the required training hours and end-of-program
exam. The rate of not participating in training came from
cases of maternity leave, sick leave or vacation leave.

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IMPLEMENTATION
OF SUSTAINABLE
DEVELOPMENT
ACCORDING TO
COTECCONS’ 5 ESG
GOALS Coteccons drastically implements ESG practices internally, while
seeking and building relationships with stakeholders who share the
same goal of sustainable development. Coteccons is aware of the
great responsibility of construction businesses on the journey of
implementing ESG for the sustainable development of the economy -
society and the future of the community.

5 important goals in Coteccons' ESG ecosystem

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COTECCONS' ENVIRONMENTAL
POLICY

1
Reducing greenhouse gas emissions
by efficient resource use and energy
conservation

2
Employing sustainable building materials and
optimal design to reduce carbon footprint

Minimizing waste through recycling and waste re-

3
duction programs

4
Protecting and preserving natural resources through
sustainable water management practices

5
Adopting renewable energy sources such as
solar energy

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CURRENT ENVIRONMENTAL STANDARDS

01 SDG 13. EMISSION

AND THEIR APPLICATION
AT COTECCONS
COTECONS has a team of environmental and safety officers to ensure compliance with the
Company's environmental and safety policies in all activities. Their responsibilities also include
identifying and controlling environmental, safety and health risks for all staff as well as those
participating in construction works at various sites.

REDUCTION - TOWARD The Company always considers cultural, social and geographical characteristics when formulating

NET ZERO environmental policies, safety regulations and environmental protection compliance during the
construction process to facilitate sustainable development, brand building and create credibility
with customers as well as domestic and foreign investors.
Construction is a unique sector with significant
global impacts. It is estimated that this sector 1. COMPLIANCE IS THE TOP PRIORITY FOR ALL ACTIVITIES AT
consumes approximately 40% of total global CONSTRUCTION SITES
energy, accounts for over 30% of total global Currently, all of Coteccons' construction sites are deeply committed to environmental protection
and the implementation of sustainable development.
greenhouse gas emissions, and employs a
large workforce. To meet investors' expectations through compliance with environmental regulations and
international standards, apart from complying with Vietnamese legal regulations, Coteccons also
implements ISO systems and green building standards related to the environment.
Coteccons' foremost goal:
Reducing emissions from construction
activities through efficient energy usage and
ENVIRONMENT STANDARD
utilization of alternative energy sources.

GREEN BUILDING ISO 14001 - 2015 VIETNAMESE

STANDARDS CERTIFICATION REGULATORY SYSTEM

LEED LAW ON ENVIRONMENTAL

PROTECTION

LOTUS
GUIDING
DECREES
BREEAM

GUIDING
BCA Green Mark CIRCULARS

Green Star VIETNAMESE

ENVIRONMENTAL
REGULATIONS
EDGE AND STANDARDS
Dự án Red Radisson (Đà Nẵng)

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The results show that all Coteccons projects are environmentally

controlled in accordance with prescribed standards. Legal compliance
is confirmed through environmental monitoring by a qualified third
party and state inspections.

First and foremost, Coteccons complies with the Coteccons places particular emphasis on complying Coteccons partners with investors to conduct All Coteccons projects have been confirmed to undergo
provisions of the Law on Environmental Protection and with and implementing important circulars related to the environmental impact assessments before establishing environmental monitoring following the prescribed
follows the system of guiding decrees that provide construction industry, including: construction projects. During the construction process, standards. Compliance with the law is verified through
specific requirements for law implementation. Decrees • Circular No.02/2022/TT-BTNMT providing guidance on the investors must undertake related procedures environmental monitoring by competent third parties
guiding the 2020 Law on Environmental Protection the Law on Environmental Protection. to support the contractor, such as obtaining local and state agency inspections. Coteccons has earned the
include: • Circular No.15/2021/TT-BXD providing guidance government’s permit for discharging wastewater into the trust of investors through strict adherence to standards
• Decree No.06/2022/ND-CP on mitigation of on technical infrastructure facilities for wastewater temporary drainage systems with the following specific and legal regulations.
greenhouse gas emission and protection of the ozone collection and drainage in urban areas and activities:
layer. concentrated residential areas. To ensure objectivity and accountability, all construction
• Decree No.08/2022/ND-CP providing guidance on the • Developing an environmental management plan for sites engage independent third parties to assess and
Law on Environmental Protection. Finally, Coteccons adheres to a comprehensive system of the project. monitor environmental performance in accordance
• Decree No.45/2022/ND-CP regulating penalties Vietnamese environmental regulations and standards. • Implementing noise and dust mitigation measures with environmental measurement criteria specified in
for administrative violations against environmental during the construction process. the Environmental Impact Assessment Report. Regular
protection. These encompasses the following aspects: • Undertaking wastewater collection and treatment measurement and monitoring include overseeing water
• Decree No.27/2023/ND-CP regulating environmental • Water and wastewater quality. to meet standards before discharging into the consumption, wastewater treatment, waste disposal, air
protection fees for mineral exploitation. • Air emissions and noise. environment. quality, etc. Upon completion, reports are validated and
• Contamination limits in sludge, soil and hazardous waste. • Carrying out collection and treatment of waste, soil, submitted to the regulatory authorities for review and
• Water source quality. and sludge incurred from the construction process. approval.
• Requirements for scrap used as production materials. • Developing a periodic environmental monitoring plan
and conducting quarterly monitoring. In the past year, the Company did not record any
• Submitting relevant environmental reports to administrative violations or escalate any environmental
stakeholders and authorities. issues to higher-level authorities. Specifically, all
Coteccons projects saw reductions in wastewater
generation, noise level and dust concentration
in surrounding areas and a notable decrease in
construction waste.

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2. BUILDING AN ENVIRONMENTAL MANAGEMENT PLAN BASED ON 3. ENERGY CONSERVATION

INTERNATIONAL STANDARDS (ISO 14001) Coteccons' construction sites, especially those for FDI projects such as LEGO Vietnam and Suntory
Pepsico, consistently serve as models for environmental protection, the implementation of energy and
Coteccons is currently complying with the ISO 14001:2015 environmental management system
resource conservation programs and the use of renewable energy. Numerous initiatives have been
standard.
adopted so far, such as:

On September 14, 2015, the International Organization for Standardization officially issued the ISO • Water saving and recycling in washing wheels upon exiting construction sites.
14001:2015 standard, replacing ISO 14001:2004. • Utilization of collected rainwater for dust control
• Construction of sedimentation pits to collect sludge/soil before pumping wastewater out of the
ISO 14001:2015 is an environmental management system enabling organizations to follow the industrial park.
Plan-Do-Check-Act (PDCA) cycle. This is the internationally recognized strategic management • Using services from public utility companies for septic tank pumping and grease trap installation
ISO for Environmental Management Plan (EMP), which provides an organizational framework in canteens.
for environmental management system (EMS) design and implementation, life cycle assessment, • Reusing steel and plywood.
ecological assessment, greenhouse gas identification and inventory.
Notably, at these construction sites, 50% of the lighting system uses solar lights. This figure is
The company has been undertaking various construction projects characterized by complex expected to increase in the coming year.
construction techniques and potential risks regarding environmental issues, labour safety, and
diverse, unstable construction conditions. As a general contractor responsible for adherence to
environmental regulations at more than 60 major projects nationwide, Coteccons has developed
specific environmental protection policies and procedures, coupled with a rigorous and consistent
compliance monitoring system across all projects:

Each project has a dedicated environmental officer responsible for overseeing environmental
activities and ensuring strict compliance with the Company's established procedures. The overarching Materials List of materials
goal is to minimize environmental impacts in all areas where Coteccons projects are implemented,
reduce greenhouse gas emissions and align with Vietnam's sustainable development project.
Scope of construction
Construction

ENVIRONMENTAL IMPACT
ASSESSMENT FROM INVESTORS Scrap/waste Iron/steel Standards

GREEN BUILDING Collection NO Sale/transportation

CHECK NO OTHER REQUIREMENTS
FROM INVESTOR
STANDARDS & classification of waste Wood/plywood Standards
(LEED, LOTUS...)
YES

YES NO
Recycling
Temporary work MEP Standards
facility
PROJECTS’ ENVIRONMENTAL 1. Dust and noise reduction measures
YES
MANAGEMENT PLAN 2. Wastewater collection and treatment
3. Waste/sludge collection and treatment
4. Registration for discharging waste into the Main work Standards Paper Standards
local collection system
5. Environmental monitoring plan
IMPLEMENTATION OF
6. Regular environmental monitoring
ENVIRONMENTAL MANAGEMENT PLAN
7. End-of-year environmental report to agencies Loss
Kết thúc
assessment

INTERNAL REPORT/RESOLUTION
CHECK/INSPECTION Completion

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IMPLEMENTATION OF THE Coteccons has undertaken sustainable and environmentally friendly measures during the
construction of the Lego factory in Binh Duong province.
GREENHOUSE GAS INVENTORY By greening 52.02% of the total project area with local drought-tolerant plants, the Company has
SYSTEM contributed to minimizing impacts on water resources and supporting the preservation of the
natural environment.

To improve air quality and reduce the urban heat island effect, a green roof system covered with
native plants has been installed at motorcycle parking areas, covering a total area of 1,383.79m².

These initiatives showcase our commitment to sustainable development and environmental

protection throughout the project life cycle.

According to Decree No. 06/2022/ND-CP on the mitigation of greenhouse gas

emissions and protection of the ozone layer, enterprises are required to develop
emission reduction plans in line with national targets. While not mandated by the
Ministry of Construction's inventory requirement for 2,166 enterprises, Coteccons,
with a vision of becoming an industry leader, has proactively and voluntarily
participated in greenhouse gas emission inventory and reduction, with sustainable
development and the enhancement of company reputation in mind. This also
strengthens Coteccons' credibility with investors, affirming its ability to create
added value through controlling and reducing greenhouse gas emissions.

Since October 2023, Coteccons has inventoried greenhouse gas emissions following
the ISO 14064-1:2018 standard, covering 3 scopes: direct emissions (Scope 1),
indirect emissions from energy (Scope 2), and partly indirect emissions from the
supply chain (Scope 3) for all projects implemented nationwide by the Company.
The fiscal year spanning from July 2023 to June 2024 serves as the baseline year.

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Over the past year, through the extraordinary efforts and strong solidarity The construction industry requires close and continuous suppliers with LEED, EPD, and LCA certifications is
of all members at 41 construction sites across the country, Coteccons has supervision at each phase. Therefore, in the next phase being promoted at construction sites nationwide, with

926 tons
achieved encouraging initial results.

• The greenhouse gas integration system module has been perfected,

enabling data synchronization from departments and projects nationwide,
of the greenhouse gas inventory, Coteccons will conduct
a more in-depth analysis of the inventory results, as well
as research and implement effective emission reduction
solutions. Specifically, these activities include:
green steel accounting for 26% (equivalent to 34,429
tons) across 17 construction sites.

Coteccons is the first enterprise in the construction industry

The use of fly ash brick also
directly connecting to the Company's SAP/ERP system. to implement a comprehensive emissions inventory system
contributes to reducing CO2
• Continued evaluation and analysis of inventory results, in operations and quantify emissions. A greenhouse gas
• Greenhouse gas inventory data has been collected, stored, and classified in inventory tool, exclusively developed for Coteccons by Mecie,
factors affecting emission levels, as well as completion
detail by project type, progress, and phase for easy retrieval and provision is available through the website https://co2.coteccons.vn.
of baseline indicators for construction projects by

34,429
sustainable materials from
tons
of consolidated information to stakeholders.

• Part of the inventory data has been utilized to fulfill the emission
requirements necessary to obtain LEED certifications for Coteccons' crucial
stage to serve as benchmarks for setting targets and
comparing to following years;
The tool offers three main features as follows:

• Automated calculation of greenhouse gas emissions

from offices, projects, and constructions.
projects. • Based on the actual emissions data, the Company will
suppliers with LEED, EPD,
continue to research emission reduction measures and
and LCA certifications • Greenhouse gas monitoring forms have been created for each construction • Storage and management of Coteccons' emission data
develop plans, goals, and implementation roadmap,
site as soon as construction activities commence to ensure a strict and for both completed and ongoing projects.
especially intervention activities in the supply chain
transparent monitoring process.
to minimize carbon footprint, increase efficiency, and • Emissions data report and analysis.
• Notably, the Company has developed a team of personnel with fundamental promote innovation in emission reduction;
skills in greenhouse gas inventory, capable of collecting and analyzing In particular, the system visualizes data through charts,
data, proficient in using greenhouse gas management software and • In fact, Coteccons has implemented several measures facilitating emissions trend comparison and evaluation
knowledgeable about production processes and energy management, etc. such as minimizing carbon footprint and using LCA- to make appropriate decisions and strategies in line with
to support ongoing efforts in reducing emissions and fostering a sustainable and-EPD-certified products from more than 57 Coteccons' current emissions level. For example, the tool
future. reputable brands with lower environmental impact can calculate the number of trees required to absorb the
These results demonstrate Coteccons' commitment to pioneering sustainable throughout their entire life cycle. Initial estimates show greenhouse gases emitted, thereby achieving carbon
development and environmentally friendly constructions. that the use of 132,603 tons of CO2 mineralized concrete neutrality. In addition, before the emission report is
(FICO concrete) has led to a significant reduction of completed, the data must undergo various careful and
1,936 tons of CO2 emissions in the past fiscal year. rigorous internal and external inspections.
Furthermore, the use of fly ash brick also contributes
to reducing 926 tons of CO2, equivalent to 171 tons of
oil. Concurrently, the use of sustainable materials from
CO2 CH4 N2O HFCs PFCs SF6

Scope 2 Scope 1
INDIRECT DIRECT

Scope 3 Scope 3
INDIRECT INDIRECT

purchased
goods and
transportation
services
and distribution
purchased electricity, steam,
heating & cooling for own use investments
leased assets
company
facilities
capital
goods leased assets franchises
employee n processing of
fuel and commuting on sold products
energy related
activities business
travel company leased assets
vehicles use of sold
transportation products
and distribution waste end-of-life
generated in treatment of
operations sold products

Upstream activities Reporting company Downstream activities

Greenhouse gas inventory system according to standards of ISO 14064-1:2018 Project Thanh Xuân Valley (Vĩnh Phúc Province)

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EMBRACING THE INTERNATIONAL DAY

OF ZERO WASTE
Waste is becoming a monumental global burden. Recognizing this,
on March 30, 2024, Coteccons launched the “Clean Environment -
Green World” (Sạch môi trường - Xanh thế giới) program in its of-
fices and more than 50 construction sites nationwide. This was in
response to the International Day of Zero Waste firstinitiated by
the United Nations General Assembly.

Through the program, Coteccons fostered awareness and practical actions to create a healthier
work environment. For the offices, in addition to encouraging employees to clean their workspace The "Clean Environment - Green World”
weekly, Coteccons also launched a clean-up campaign on Xo Viet Nghe Tinh Street, Binh Thanh program launched in construction sites
District, Ho Chi Minh City. More than 40 Coteccons office employees and volunteer students attracted more than
from the University of Architecture Ho Chi Minh City participated.

The waste collection contributed to restoring the beauty of this busy road connecting Binh
Thanh District and District 1. According to the environmental protection service provider's report,
1,000 participants

Coteccons cleaned up nearly 6 tons of waste in half a morning in this area.

651 hours of
implementation
In over 50 Coteccons projects nationwide, general cleaning activities were carried out internally
and externally at the construction sites. Through cleaning, the Site Management Board promoted
internal cohesion and shared Coteccons' long-term ESG vision with the team of engineers and
workers.

The "Clean Environment - Green World” program launched in construction sites attracted more
than 1,000 participants with a total of 651 hours of implementation.

In addition to the above campaign, Coteccons has also implemented a “green day” initiative for
greening its construction sites. Every Friday is a green day on site, where workers sort waste and
clean up both the site and surrounding roads together.

In particular, some of Coteccons' green construction sites have achieved ideal cleanliness. One
such example is the Sky Forest construction site in Hung Yen Province. Even though construction
is in full swing, the site atmosphere remains serene, allowing visitors to comfortably enjoy fresh
air without masks. Thanks to abundant greenery, dust and noise control systems, quiet electric
vehicles, diligent waste management, etc., the site has been recognized as a “clean open office”.

Similar scenes play out at many other construction sites such as the VinFast factory project in
Hai Phong. While some factories in the project have entered operation, construction is ongoing.
Requirements for dust and noise control are accordingly especially strict. Coteccons has
adopted various measures such as using double layers of tarpaulin, regular water spraying to
avoid dust, continuous sweeping, and arranging night-time construction for high-noise areas. To
prevent dust from entering car paint factories, the Management Board had tarpaulins installed
to the top of the 20-meter-high roofs and has them continuously sprayed with water. As a result,
VinFast has been known as a "dust-free construction site".

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Suntory PepsiCo factory constructed by Coteccons in Long An

COTECCONS IS COMMITTED TO SUSTAINABLE

ENERGY USE AND WATER MANAGEMENT The company has officially made a commitment to
using sustainable energy and incorporating it into daily
To ensure that progress is being made towards water
conservation goals, the Company measures water
operations. Coteccons has currently used renewable energy consumption in construction activities. This enables the
Recognizing the potential of alternative energy sources such as wind, solar, hydro, sources such as solar energy to provide energy to some of Company to identify areas for improvement and track
the Company's construction sites and office buildings. This progress towards sustainability goals.
and hydrogen batteries in minimizing environmental impacts, Coteccons aims
effort is being scaled up across all Coteccons' projects in
to partner with renewable energy suppliers to procure the energy needed for its Vietnam. Specific measures for water conservation and protection
projects. involves implementing sustainable water management
To ensure continuous improvement in the efficiency of practices, namely the use of low-flow faucets, rainwater
using renewable energy sources, Coteccons monitors harvesting systems and water-efficient landscaping.
the progress towards increasing the use of these energy
Statistics of Coteccons construction sites using solar energy:
sources over time. This allows the Company to closely One of the measures adopted by Coteccons for sustainable
• Using solar lighting only: Lego, Nova World Phan Thiet. monitor its ESG performance and make data-driven water management is low-flow faucets. These faucets
• Using solar power system: Suntory Pepsico, Riviera Point.. decisions to achieve its sustainability goals. are designed to reduce water consumption in operating
facilities without compromising their performance. The
Estimated power/energy saving efficiency: In addition, as part of its business development model, company also deploys rainwater harvesting systems
• Solar lighting: Lego, Nova World Phan Thiet - saved an average of Coteccons aspires to become an investor in renewable to collect and store rainwater for future use, reducing
300-1,000 kW of electricity per month. The total accumulated power energy projects, which demonstrates the Company's dependence on water supplies.
generated by solar lighting in 2023 was 11,662 kW. determination to promote a green economy in Vietnam.
Water-efficient landscaping is another measure Coteccons
• Solar power system: Currently being implemented at Suntory
Furthermore, Coteccons focuses on water conservation has adopted to reduce its water consumption. By using
Pepsico and Riviera Point. Total electricity output generated was
and diligently implements this requirement within its scope plants that require less water and designing landscapes
17,597 kW. The CO2 emission reduction was equivalent to 10.78 tons.
of operations to reduce the Company's environmental appropriately to minimize runoff, the Company can
impacts. significantly reduce water consumption for facility
maintenance.

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AFFORESTATION AND PROTECTION

OF HATINH LANGUR POPULATION

21,285
successfully planted
native
trees
Afforestation - biodiversity
conservation have been prominent
ESG activities implemented by
Coteccons since 2022, with Quang
Binh Province as a prime example.
To date, these activities have yielded
positive outcomes, contributing
to raising public awareness of the
environment and local livelihood
issues.

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Within the fiscal year 2024, Coteccons planted 10,175 The Hatinh langurs, scientifically called Trachypithecus
new trees, including 2,175 trees in Phong Nha - Ke Bang Hatinhensis, belong to the Primate order, group IB,
National Park and 8,000 trees in the special-use forest categorized as critically rare and endangered in both
area dedicated to protecting Hatinh langurs in Thach Vietnam Red Data Book and the IUCN Red List. Thanks
Hoa commune, Quang Binh Province. With the funds to the conservation efforts of specialized agencies,
raised through the 2024 GreenUP Marathon organized by localities and volunteer organizations, this species is now
Coteccons, in September 2024, the Company continued experiencing stable growth and reproduction, with the
to plant 11,111 trees in the special-use forest in the buffer population now exceeding 200 individuals.
zone dedicated to protecting the Hatinh langur population
in Dong Hoa commune, Tuyen Hoa district. More than 10 In addition to planting special-use forests, Coteccons is
hectares of forest have been covered with newly planted also involved in supporting local people's livelihoods to
trees, which are native species namely Chukrasia tabularis contribute to enhance the protection corridors for langurs, Mr. Nguyen Thanh Tu, a member of the Agricultural -
(Lat hoa), Ironwood(Lim xanh), Tarrietia javanica (huynh), reducing encroachment on forest land, unauthorized Forestry Production and Business Cooperative and a
Burmese grape (dau da) and Leichhardt tree (gao vang). logging, illegal exploitation forest resources as well as voluntary conservationist in Thach Hoa commune, Tuyen
livestock grazing in areas where the langurs live. Hoa district, Quang Binh, is one of the key locals who have
Coteccons is one of the organizations supporting the been working closely with Coteccons to protect Hatinh
Hatinh Langur Cooperative, a volunteer group dedicated langurs. Coteccons gifted him a shirt during their visits,
to protecting the Hatinh langur, aiming to create a safer surveys, and afforestation efforts several years ago. Mr. Tu
ecosystem. takes good care of the shirt and always wears it whenever
Coteccons revisits, as a gesture of trust and connection.

The Hatinh langurs, scientifically called Trachypithecus Hatinhensis,

belong to the Primate order, group IB, categorized as critically rare and
endangered in both Vietnam Red Data Book and the IUCN Red List.

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02
DEEPENING COMMITMENT TO 3R

SDG 12. CIRCULAR

ECONOMY IN
CONSTRUCTION
Emission reduction attained through re-manufacturing
and reusing to create a circular cycle with minimal impacts
on resources and the environment is a global goal. Given
its high demand for raw materials, labor and its significant
emissions, the construction industry must embrace circular
economy solutions.

Coteccons' foremost goals:

To effectively practice the 3R principle (Reduce – Reuse
– Recycle) established by the Company, minimize
unnecessary impacts on the environment, efficiently utilize Over the past year, this principle has been continuously required for more
raw materials, and apply scientific and technical solutions
The 3R principle extensive implementation. Coteccons has set up specific targets for each
to optimize existing resources. (Reduce – Reuse – department, team, and project of the company, from office to construction
Recycle) has been site, to drive tangible results. Some notable examples include:

established and • For offices, the consumption of water, paper, electricity, and styrofoam is
meticulously tracked with clear documentation of reductions, savings, or
implemented by
reuse, which will then be compiled and reported quarterly. Coteccons' Ho Chi
Coteccons since Minh City headquarters building also sets up a system to reuse wastewater
2022 as one of the from the air conditioning for plant irrigation and maximizes the use of solar

specific orientations energy.

to minimize waste • Coteccons has transitioned away from single-use bottled water and plastic
cups, opting for large water dispensers and reusable glass cups in both
and environmental offices and construction sites.
impacts across the
• The “Our Home” (Nhà mình) project utilizes leftover construction materials
board. such as paint and cement from completed projects to renovate and beautify
public facilities or resident houses in disadvantaged areas supported by the
project.

• Coteccons joined forces with Unicons for the “Recycle Old Batteries - Protect
the Green Earth” (Thu hồi pin bảo vệ Trái Đất xanh) program, successfully
collecting over 7,000 used batteries within 18 days for recycling and reuse.

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• Coteccons employees have been actively reducing plastic bottle and container use, practicing
source separation, and disposing of waste appropriately.

• Since March 2023, the Administration Department has implemented waste classification into 03
categories: dry paper, dry plastic, and organic waste. This approach has already yielded positive
results, with 411 kg of dry paper waste, 507 kg of cardboard, and 174 kg of dry plastic waste
classified.

• The Technical and Compliance Division adopted the motto “REUSE old items to REDUCE waste”
in decorating the common area on the 11th floor of the Coteccons building, showcasing their
“Unique Beauty” (Đẹp không đụng hàng) work to celebrate the Lunar New Year.

• Normally, pine trees instantly evoke thoughts of Christmas. However, in the days leading up to
the Lunar New Year, under the Technical and Compliance Division’s talents, a pine tree adorned
with vibrant apricots and peach blossoms unfolded an unexpected sight on the 11th floor of the
Coteccons Building.

• Construction sites also fully embrace the 3R principle throughout every construction stage, from
selecting solutions and structural designs to finalizing and electrical works. Notable initiatives
showcasing the 3R targets at construction sites include recycling materials from electrical and
metal waste from wires; maximizing the use of leftover paint from completed works for the
charity project “Our Home”, organizing regular clean-up and waste collection through the Green
Day program, etc.

3R PRINCIPLE IN COTECCONS'
CONSTRUCTION PROJECTS

Coteccons promotes green building initiatives, including the application of advanced technology to
minimize environmental impacts across all stages of a building's life cycle, from design, construction,
operation, maintenance, and renovation to demolition. This approach also minimizes operating costs
for the company, such as alleviating labor demands and the impact on surrounding communities of
both current and future projects.

In the endeavor to champion circular economy solutions, Coteccons strictly enforces the application
of the 3R principle across all aspects throughout project development, optimizing the efficiency of
material use within a closed-loop life cycle to maximize their value.

Coteccons is striving to implement Building Information Modeling (BIM) for all projects. The software
encompasses features of waste minimization across design stages, enhances quantification
capabilities, and allows for testing of multiple design options to identify different waste reduction
performances, providing the highest basis for construction waste minimization decision-making.

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Two years ago, Coteccons successfully implemented the Ecopark Swan Lake Residences project, valued at nearly VND
A TYPICAL EXAMPLE OF 3R 4,000 billion. At the time of its commencement, this was the largest civil housing package in Vietnam in terms of project
value. Building on this success, Coteccons was entrusted by Ecopark Group to continue as the Design & Build general
contractor for the high-value Sky Forest Residences package.
THE ECOPARK SKY FOREST RESIDENCES PROJECT
Sky Forest Residences, a part of the Ecopark master plan (in Hung Yen) of Ecopark Group, is known as an iconic green
architecture project, characterized by its design of “house within a garden and a garden within a house” and “apartment
within a park and a park within an apartment”. A distinctive feature of this project lies in its ability to bring 1,000 gardens
with more than 10,000m2 of greenery into the air to “paint nature across the sky”.
The project's exceptional scale, design, and standards have challenged the creative mindset and inspired the will to
overcome difficulties among Coteccons employees.

The design of Sky Forest Residences not only increases the project's construction cost due to having to carry a huge
number of trees and utilities up high but also poses challenges in designing special foundation and load-bearing systems
for each building, waterproofing techniques for all gardens and parks, automatic irrigation and fertilization systems, etc.
The project owner has set stringent sustainability requirements in line with international standards.

During the implementation of this project, Coteccons' engineering team

demonstrated their highest professional capacity and experience to realize
the project owner's vision of an awe-inspiring architecture. Among these is
a construction solution unprecedented in Vietnam and global construction
history, which is the construction of a transfer slab equivalent in height to a
10-story building with an area of 700m2. This architectural design, intended to
create expansive open spaces, seeks to establish a new record in Vietnam by
realizing the concept of large-scale sky parks.

The transfer slab is unprecedented in both height and width. The sole use of a
traditional formwork system to support the concrete pour would pose a high
risk of displacement or skewing, which could affect the entire structure of the
building and lead to the failure of the entire project.

After relentless efforts, Coteccons engineers devised a truly unique solution.

Instead of using formwork, they decided to use the crane structure system (the
body of the tower crane). 500 tower cranes of the Company located from the
South to the North were mobilized urgently to the location within 10 days.

The engineering team assembled 500 of those crane structures (equivalent to

approximately 1,100 tons of steel, which, if connected, would span up to 1.5km
long) and leveraged the supporting force of the crane bodies to pour 2,000
cubic meters of concrete (equivalent to 6 bridge spans).

This unique initiative helped complete the giant transfer slab in less than 30
days, shortening the scaffolding erection and dismantling time, saving up
to 4 months of construction time and countless costs for the project owner.
Furthermore, the scaffolding is also effectively reused, minimizing waste and
optimizing the 3R principle in action at the project.

Ecopark also serves as an exemplary construction site showcasing Coteccons'

practice of enhancing ESG standards, where environmental, safety, and labor
rights standards are all set at the highest level.

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MAXIMIZING GREEN MATERIALS

TOWARDS GREEN BUILDING

Besides 3R principle, Coteccons also has the highest To have a specific basis for using green materials
requirements for the goal of maximizing the use of green effectively and ensuring expertise, Coteccons updates the
materials in construction. Specific requirements such as trends of the global construction industry. Among them,
prioritizing the use of biodegradable products, unburnt there are green construction materials as defined by the
bricks, Low-E glass, green steel... in the project in an Green Building Council.
optimal way.

No. Products and materials with Example No. Products and materials with Example
green properties green properties

1 Reused Materials Salvaged brick, pavers, lumber Low or no VOC paints, coatings, adhesives, sealants
9 Low-Emitting Materials
Low or no formaldehyde composite wood products
Materials with Recycled Content
2 Steel, gypsum ceilings/boards, carpet, insulation

High efficiency or dual flush toilets, waterless urinals,

10 High Efficiency Water Fixtures
low flow faucets
Harvested, extracted and/or manufactured within
3 Regionally sourced Materials
500 km of project site
Drip irrigation, irrigation system with soil moisture
11 Efficient Irrigation Systems
sensor
Cotton insulation, bamboo flooring, linoleum flooring,
4 Rapidly Renewable Materials
straw board
Rainwater harvesting systems, permeable and pervi-
12 Stormwater Control Products
ous materials, open-grid pavements
5 Timber from sustainable sources Forest Stewardship Council (FSC) certified wood

Low-impact alternatives to refrigerants commonly

Materials with third-party certification based Global GreenTag LCARate, Cradle to Cradle, NSF 13 Environment-friendly refrigerants used in building refrigeration, air-conditioning and
6 heat pump systems
on whole life-cycle analysis (LCA) Sustainability Assessment

Environmental claims third-party verified through Paving and roofing surface materials with high solar
Materials with third-party verifications 14 High Reflectance Materials
7 claim verification or through certification under reflectance index (SRI)
third-party ecolabels

Energy-efficient glazing with low SHGC and U-val-

Concrete bricks, gypsum panels, pre-cast concrete ues, thermal insulation materials with low thermal
8 Non-baked Materials 15 Efficient Building Envelope Components
panels, AAC blocks conductivity (XPS foam, PU foam, rockwool, etc.),
AAC blocks

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No. Products and materials with Example

green properties

Air-conditioning systems with high CSPF values (for

Efficient ventilation and
16 non-ducted units) and high COP values, systems with
air-conditioning equipment
variable controls (inverter, VSD/VFD)

Energy-efficient lighting fixtures (with high lumen

17 Efficient lighting equipment
efficacy lm/W), lighting controls and sensors

18 Renewable Energy Equipment Solar panels, wind energy, geothermal

Materials with good noise insulation, sound-absorb-

19 Materials for acoustic comfort
ing materials

Pre-stressed slabs, voided slabs, pre-stressed beams

20 Products reducing concrete usage
and columns

Energy and water meters, power monitoring system,

21 Energy and water monitoring products
building management system (BMS)

Lifts with energy efficiency class A following the certi-

Energy-efficient lifts
22 fication guideline VDI 4707 Part 1, lifts equipped with:
(Thang máy sử dụng năng lượng hiệu quả)
VVVF drives, regenerative drive, efficient lighting.

Source: The Green Building Council Vietnam, VGBC

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“GREEN UNIFORM”
Coteccons Green Uniform features the brand's main colors of navy blue, teal blue, and gray with a design that celebrates
FROM RECYCLED MATERIALS youthfulness, freedom, creativity, and the “essence” of the builders. The collection includes 4 designs: suits, shirts, polo
shirts, and supervisor waistcoats, suitable for use from offices to construction sites.

Since 2022, Coteccons has introduced the use of Green The two materials used are nano fabric and coffee fabric, both woven entirely from recycled materials. For coffee fabric,
every 3 cups of coffee combined with 5 recycled plastic bottles will provide sufficient materials to craft a single coffee
Uniform. This eco-friendly uniform is made from nano shirt. Notably, after use, these fabrics can be recycled and re-purposed into new designs, creating a closed-loop system
fabric (100% recycled plastic bottles) and coffee fabric and minimizing environmental waste.

(recycled plastic bottles and coffee grounds). Green With a large workforce, Coteccons has a significant annual demand for uniforms. Over the past year, 1,460 new uniforms
Uniform is one of Coteccons' IMPACTD Sustainable were required. In total, from 2022 to the present, Coteccons has distributed 25,743 uniforms of various types to employees
Development Program initiatives, demonstrating the and workers. Crafting uniforms from recycled materials helps reduce some of the environmental impacts of the use of
raw materials and non-biodegradable waste from old uniforms.
commitment to sustainable development practices
from the smallest actions. These “green” fabrics are not only environmentally friendly but also have breathable, highly absorbent texture and
mechanical elasticity, providing comfort to the wearer. By wearing the Green Uniform, Coteccons staff not only embody
the Company's color and identity but also remind themselves of their awareness and actions to protect the environment
and spread the message of contributing to a brighter future through the smallest things in daily life.

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03
SDG17. COOPERATION SPREADING ESG CULTURE AND STANDARDS TO
STAKEHOLDERS
FOR MUTUAL
DEVELOPMENT Over the past year, • At the end of 2023, Coteccons and Unicons jointly organized 2 events
called "Partner and Subcontractor Conference" in the Southern and
When choosing a development orientation aligned with the vision of Coteccons has Northern regions. With the theme “Joining Hands for Prosperity”, these
becoming an industry leader, Coteccons embraces a pioneering mindset actively organized events provided an opportunity for Coteccons’ leadership to share with
of setting new trends, standards, and values for stakeholders to elevate and participated in over 200 partners about the Company’s strategy, cooperative spirit, and
the quality of the construction industry. The Company also recognizes the
numerous programs, sustainable development orientation. At the conferences, Coteccons also
importance of ESG communication, fostering the spirit and awareness of signed strategic cooperation agreements with multiple partners to develop
green development, and practically promoting ESG practices within the
events, and meetings sustainability-oriented products and services.
community. to promote the spirit
• As part of our annual plan, Coteccons hosts the “Partner and Subcontractor
of cooperation and Conference” to improve the capabilities and effectiveness of collaboration
Stakeholder and community engagement is key to realizing sustainable knowledge sharing with our partner network, a vital component of the Company's day-to-
on sustainable
development on a large scale and with profound impact. Thus, Coteccons
day operations. Alongside the principles of transparency and fairness,
sees this as a mission to promote the spirit of UNITY and SYNERGY.
development with Coteccons always strives to leverage its influence to create favorable
development opportunities for all parties involved.
partners, clients, and
the community. • Participation in the "Supporting sustainable business to create new
competitive advantages" seminar. The event took place on August 14,
2024, in Can Tho, co-organized by the Agency for Enterprise Development
and USAID. The seminar focused on new business trends and support
for sustainable businesses in Vietnam, including Inclusive Business (IB),
Circular Economy (CE), and ESG assessment framework.

• Participation in the "Investment Promotion Conference on the Development

of Sustainable and Smart Industrial Parks, Industrial Clusters, and
Factories Towards Net Zero” August 15, 2024. Representatives of industrial
parks and major corporations attended the conference organized by the
Vietnam Industrial Zone Portal as part of the efforts to implement the
"Sustainable Smart Industrial Parks" (SSIP) project.

• Sharing at the Innovation Summit organized by Schneider Electric. At

the summit, Coteccons shared its vision for reshaping the sustainable
construction ecosystem and promoting a green construction industry,
creating safer, more comfortable, and meaningful spaces across the
value chain with commitments to ESG and HSE standards. Coteccons
also expressed its willingness to accompany partners who share the same
vision and values to spread ESG values most effectively and practically to
all aspects of the industry.

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EMBRACING
GREEN MATERIALS
WITH PARTNERS
• Coteccons has signed partnership agreements with FiCO Pan-United
Concrete Joint Stock Company and Keppel Land Vietnam, including
research and application of sustainable concrete, ready mixed concrete,
and innovative materials for architecture as well as 3D printing construction
methods. The pilot will take place at The Infiniti, the third phase of the
Riviera Point project. This will be the first project in Vietnam to utilize
CO₂ Mineralized Concrete (CMC) to help reduce carbon emissions during
construction. It is estimated that upon completion, a project as such will
eliminate and reduce a total of 2,803 tons of embodied carbon compared
to conventional materials, equivalent to the carbon absorbed by 46,348
trees over 10 years.

• Coteccons and Faslink have joined hands to introduce Vietnam's first AI-
powered fabric recycling station through the Second Life project, aiming
to give a “second life” to microplastic fabrics that take up to 200 years
to decompose and leverage each party’s expertise to reduce water
consumption by 49% and carbon emissions by 59%.

• Coteccons has partnered with Xanh SM to transition from traditional

gasoline-powered taxis to Vinfast electric taxis. Given the substantial travel
needs of the company's workforce, Coteccons recognizes the necessity
of contributing to emission reduction by prioritizing the use of electric
vehicles (EV). Through the partnership with Xanh SM, Coteccons employees
will shift their transportation needs towards EVs.

• Coteccons and LIXIL Vietnam Co., Ltd. (LIXIL Vietnam) – a subsidiary of

LIXIL Japan – have officially signed a memorandum of understanding for
a strategic partnership to pursue a sustainable development strategy and
enhance the supply chain, bringing comprehensive solutions and greater
value to clients within the construction value chain.

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GREENUP MARATHON
LONG AN HALF MARATHON 2024

This sports project also carries the great mission of

fostering an environmentally focused mindset and
the message of sustainability across the community,
as well as raising funds for afforestation programs in
response to the Green Vietnam project.
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Contributing

11,000
trees to the Green Vietnam (Việt Nam Xanh) project

After 3 years and 3 seasons, the GreenUp Marathon, organized by Coteccons,

has become one of the highly anticipated events for marathon enthusiasts
across Vietnam. This sports project also carries the great mission of fostering
an environmentally focused mindset and the message of sustainability across
the community, as well as raising funds for afforestation programs in response
to the Green Vietnam project.

On this basis, for every 5 km run by participants, Coteccons pledged to plant a

tree on their behalf, embodying its goal of contributing 11,000 trees to primary
afforestation projects in Quang Binh and Quang Tri.

The GreenUp Marathon 2024 was held on August 24, 2024, in Can Giuoc Dis-
trict, Long An, in collaboration with Tuoi Tre News, Dong Tam Joint Stock Com-
pany, and the Long An Department of Culture, Sports and Tourism. The event
successfully drew nearly 4,000 athletes competing across 3 distances: 5 km, 10
km, and 21 km. The marathon's course passes through the Long An Internation-
al Port, a major import-export hub in the Mekong Delta.

As Vietnam's first-ever marathon to cross an international port, the event offers

unique experiences such as admiring Indochina's tallest flagpole and enjoying
the wind of the Soai Rap River opening to the majestic East Sea, representing
the aspiration to reach the ocean to the greater world.

As such, the special prize for the top male and female finishers in the 21 km
category is airfare and entry to the 2025 Laguna Phuket Marathon in Thailand.

Following the successful completion of the marathon with its total accumulated
distance, Coteccons has planted 11,111 trees in the special-use forest within the
buffer zone to protect the Hatinh langur population in Dong Hoa Commune,
Tuyen Hoa District, Quang Binh Province.

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FOSTERING A HUMANISTIC WORKPLACE

Over the past year, Coteccons

has successfully maintained
its position among the Top 10
Best Workplaces
in the real estate and construction industry. This achievement stems
from the National Research Program on Vietnam's Best Workplaces
in 2023, conducted by Viet Research in collaboration with the Vietnam
Investment Review.

As of June 30, 2024, the total number of employees at Coteccons

Group stands at 2,398 (up from 1,985 on June 30, 2023). This figure
includes the direct employees of Coteccons, Unicons, and the 2 newly
merged companies, Sinh Nam and UG.

04
Human Resources Landscape

Highlights of Coteccons' human resources over the past year include:

• Low staff turnover rate of 16%, a decrease compared to the previous year. Most employees who
leave do so for personal development reasons. Changes in the company's compensation and
benefits policies have also contributed to this stability.
SDG8. HUMAN • On the other hand, to meet the demands of ongoing work and prepare for the next phase,
the company actively recruited a skilled workforce. Since the beginning of the year, the total

DEVELOPMENT number of employees has risen by nearly 20%, focusing on skilled individuals who are fluent in
foreign languages as the core strength behind Coteccons' global expansion strategy.

• By the end of fiscal year 2024, Coteccons continued to have a stable and diverse workforce,
The construction industry employs a large workforce and with 43% of employees having over 5 years of seniority and 48% with 0-3 years of experience.
involves many occupational risks. This distribution reflects a balanced and diverse approach with dedication to cultivating the
company’s young talents and successors. The percentage of personnel holding university and
postgraduate degrees also consistently exceeds 84%, while the proportion of female staff
Coteccons' foremost goal:
remains higher than the industry average.
Creating a safe working environment and minimizing
employees' health impacts. There are always dedicated Furthermore, Coteccons employs an indirect workforce of construction workers at project sites, with
departments that ensure this. We focus on human an average of approximately 30,000 workers across projects.
development and promoting ESG values to cultivate a
new generation of workers who are highly-skilled experts,
strongly responsible for their work, and dedicated to society.

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Ms. Nguyen Trinh Thuy Trang, the Chief Operating Officer, stated:

“We strongly believe that diversity and inclusion ignite a powerful

creative energy, enabling us to reach new heights and solidify our
position within the construction industry. Our DEI efforts are not only
a social responsibility but also a cornerstone of our sustainability
strategy.”

Workplace Policies

Coteccons is committed to continuously enhancing its work One key focus and commitment of Coteccons is the
environment to achieve diversity, equity, and inclusion. The implementation of human rights in the construction
Company establishes equal and safe working conditions industry. Beyond fair pay and a safe, equal work
for all employees, ensuring equitable compensation for environment, the company also respects workers' rights
both staff and engineers. Workers are also provided with to freedom of association, rest, recreation, access to
access to benefits such as healthcare and retirement plans, education and training, and dignified treatment. Coteccons
along with protection from any form of harassment or strictly prohibits forced labor, child labor, and any form of
discrimination. exploitation.

Transparency is upheld by informing all employees of their By fully committing to the quest for human rights,
rights and responsibilities and providing all necessary Coteccons strives to promote a sustainable construction
information about reimbursement, recognition, and industry.
incentive policies.
In addition to safeguarding fundamental human rights, the
Furthermore, appropriate complaint and whistleblowing principles of diversity, equity, and inclusion are promoted
procedures are implemented to ensure that all employees through policies and practices that foster a culture of
can exercise their rights and are duly protected. inclusion and respect for all employees. This commitment
is reflected in the acknowledgement and promotion of
Understanding its reliance on construction workers/indirect the unique perspectives, experiences, and backgrounds
temporary workers' employment and compensation of each individual. Relevant policies are also developed,
through subcontractors, the company recognizes the need including diverse recruitment practices along with policies
for various measures to enhance working conditions and on anti-discrimination, gender equality, and for female
ensure fair treatment for all, including ad-hoc staff. To this workers.
end, Coteccons actively promotes the implementation of
social security policies for all workers.

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COTECCONS' PROGRESS IN DIVERSITY,

EQUITY AND INCLUSION (DEI)

At Coteccons, diversity is recognized as a decisive factor. Based on the "Agile Workplaces" model, these offices
Beyond differences in culture, ethnicity, or age, diversity embrace freedom and individuality, allowing employees
also encompasses different perspectives, interests, to move freely and utilize spaces that best fit their goals
qualifications, and working styles. We believe a diverse at any given time for work, collaboration, and personal
workforce unlocks significant benefits, optimizing growth.
processes and enhancing performance. Building a diverse
team requires more than just expanding hiring criteria. To assess the effectiveness of its DEI approach, Coteccons Pantone Gray 11C: this neutral color evokes the Pantone Navy Blue 2768C: the color of the
It's about cultivating a workplace where everyone feels a employs a variety of methods. Regular employee surveys images of iron, steel, and concrete, representing construction industry, symbolizing masculinity,
sense of belonging. gauge employee satisfaction and perceptions of the work neutrality, wisdom, and steadfastness. It reflects engineering, and construction technology. It also
environment, while indicators such as occupational safety, our appreciation for teams that embody such represents the personality of individuals who inspire
Our new brand identity, featuring 6 primary Pantone colors, accident rates, and the participation of female ethnic solidity and stability. trust, safety, and accountability.
symbolizes our commitment to diversifying its "palette" minority workers in company activities are consistently
of talent and fostering a culture and environment where monitored and evaluated.
everyone—regardless of culture, religion, race, or gender—
is motivated to contribute to our quest for sustainability. For subcontractors, Coteccons strives to broaden and
Coteccons respects and appreciates the cultural diversity diversify its network, providing access to the supply chain
of female ethnic minority workers. We have taken practical for the new ones. Our focus is to strengthen and expand
measures, such as offering occupational safety training this network and find new potential partners that align
in an accessible and culturally sensitive language for with our course of business for future projects. Coteccons
workers. Furthermore, we have provided living and resting also leverages regular reports and performance reviews
areas that respect the customs and traditions of our to evaluate and enhance DEI measures in supply chain
female ethnic minorities, ensuring a safe and comfortable establishment, ensuring fair treatment and development
environment. Through regular cultural exchange activities, opportunities for our partners.
the Company also helps these workers feel a higher sense Pantone Teal Blue 3262C: represents the young Pantone Green 7482C: green signifies growth,
of connection and inclusion within the workplace. generation or individuals who embrace openness, renewal, greeneries, and nature. It also embodies
creativity, and shrewdness. This color also connects artistic personalities known for their sophistication
A prime example of Coteccons’ commitment to fostering a with the natural flow of water, symbolizing a and sensitivity in handling both work and life.
DEI culture lies in the design and implementation of a new personality that is humble, wise, kind, and "go with
experiential office model in Ho Chi Minh City and Hanoi. the flow" rather than rooted in the past.

Pantone Terracotta 180 C: Symbolizes the Pantone Golden Brown 721 C: The color of sand,
solidity of bricks and earth, representing a group an indispensable material in the construction
of individuals filled with energy and motivation to industry. As such, golden brown represents strength
advance. of character, courage, decisiveness, and endurance.

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WORKER HEALTH AND SAFETY

AS A TOP PRIORITY

... labor safety stands as a top priority

in Coteccons' sustainability standards,
41,625,608 11,168 ensuring compliance and management
safe working hours workers provided with across all levels and departments for
free health check-ups both direct and indirect employees.

Given the significant occupational safety risks in the In addition to its internal policies, Coteccons also follows
construction industry, labor safety stands as a top national and international safety guidelines and standards
priority in Coteccons' sustainability standards, ensuring to further reinforce occupational health and safety
compliance and management across all levels and (OH&S) management for its employees. This enables the
departments for both direct and indirect employees. Company to stay updated and adopt the industry's latest
policies and best practices, while promptly and effectively
This priority has been consistently ingrained in Coteccons’ addressing emerging risks or threats.
policies and commitment, with safety as one of the 4 core
values in project implementation, alongside quality-based To successfully realize OH&S management at construction
construction, on-time delivery, and financial control. sites, Coteccons organizes comprehensive OH&S training
for 100% of workers and partners present at all sites.
On this foundation, Coteccons has developed its safety Over the past year, the company’s HSE (Health, Safety,
policy that integrates leading industry standards and and Environment) Committee conducted more than 7,100
solutions with its culture. As such, the company's health hours of training for workers and 5,900 hours for engineers
and safety standards are constantly upgraded beyond and site supervisors. These courses cover topics such as
mere compliance, while execution is guided by a hazard/accident identification, risk assessment, and
centralized monitoring system with high precision. the correct use of personal protective equipment (PPE).
This helps equip workers and visitors with the necessary
Before starting construction, Coteccons develops and knowledge and skills, ensuring that they can protect
approves detailed construction measures that meet themselves and others from harm on-site.
regulatory requirements. These measures must cover
worker safety in using equipment at public works, main The company further ensures that all workers and visitors
works, temporary works, auxiliary works, and neighboring are provided with appropriate personal protective
works, along with fire prevention and fighting and equipment (PPE) that meets the industry's standards
environmental protection. and guidelines, including hard hats, safety glasses,
gloves, safety shoes, and other essential gear. Supplying
necessary PPE and training helps mitigate accident and
injury risks on-site and fosters a safe working environment
for workers.

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Beyond occupational safety, Coteccons is dedicated to psychological and mental well-being. The
company maintains ongoing communication and monitoring to prevent workplace harassment and
discrimination. This commitment is further reinforced through policies and procedures, such as training
programs, reporting procedures, and disciplinary actions against misconducted employees. This
ensures that all employees are treated with respect and dignity, regardless of gender, race, or other
personal attributes.

Coteccons also offers periodic health check-ups for all employees and their families nationwide, with a
special emphasis on occupational health.

For indirect employees, i.e. construction workers, free health check-ups are offered for 11,168 workers
as part of the Build Tet (Xây Tết) program.

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Coteccons especially upholds and fiercely implements human rights in

the construction industry. In addition to workers being paid fairly, working
conditions are safe, and not being discriminated against, workers have
the right to freedom of association, rest and entertainment, and access to
education - trained and treated humanely. The company strictly enforces
requirements to avoid the use of forced labor, child labor and other forms of
exploitation.
Posters to educate building a healthy working environment from the office to
the construction sites.

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TRAINING THE
NEXT GEN
Next Gen is one of Coteccons' key policies for developing a new generation Given the above policy, the Company continued to implement internship programs and partnerships
of human resources, not only within the Company but also across the broader with universities in training and support over the past year. This is demonstrated in Coteccons' regular
construction industry and business landscape. Leveraging its resources and internships for 3rd- and 4th-year students from Ho Chi Minh City University of Technology, University
advantages, Coteccons offers the best opportunities for the young generation of Architecture Ho Chi Minh City, Hanoi University of Civil Engineering, etc. Interns are given the
to gain practical experience, immerse in the real work environment, and acquire opportunity to participate in projects and hands-on activities to gain experience, knowledge, soft skills,
new industry knowledge and information through internships, field trips, seminars, and on-site experience.
networking, job support, scholarships, and so on.
At the end of 2023, Coteccons continued to sign comprehensive partnership agreements with Ho Chi
Driven by the vision of becoming an industry leader, Coteccons recognizes that Minh City University of Technology, University of Architecture Ho Chi Minh City, and Hanoi University
investing in talent training also contributes to raising the development standards of Civil Engineering. Honoring these commitments, the Company pledges to support students in
and quality of Vietnam's construction industry. academic research, internships, scholarships, site visits, and ESG awareness. Coteccons also awarded
45 scholarships to students from universities.

55 additional scholarships are given to students from the remote areas within our support. Over the
past 3 years, Coteccons has granted a total of VND 2,025,000,000 in scholarships.

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The Coteccons Olympic is the biggest sports event of the year with the participation of all Coteccons
AWAKENING POTENTIAL THROUGH employees nationwide. The latest Olympic event took place in Ha Long as part of the Company's
series of events to conclude the old year and celebrate the new one.
THE COTECCONS OLYMPIC
Nearly 2,000 athletes, all members of Coteccons and its subsidiary Unicons, competed as 19 teams
in 9 events. They delivered thrilling matches in a jubilant atmosphere.

This meaningful activity is dedicated to connecting members, energizing team spirit, and showcasing
employees' abilities beyond their professional expertise. It serves to motivate employees to train
and cultivate their skills throughout the year, leading them to a lifestyle that strikes a healthy work-
life balance.

That training atmosphere has created favorable conditions for the formation of many other small
teams across Coteccons and regularly presented awards throughout the year.

The vibrant spirit of sports training formed among Coteccons employees has enhanced their
resilience and endurance in work; fostering creativity, openness, and a strong will to conquer
challenges. This is a driving force for personal development.

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NEW EXPERIENCES FROM INTERNATIONAL PROMOTING THE EFFECTIVENESS

TRAVEL PROGRAMS OF TRADE UNION DYNAMICS
International travel programs organized by Coteccons not only reward employees for their outstanding As part of the overarching policy of building a diverse, equitable, and inclusive work environment, the Trade Union of
performance but also offer valuable cultural and market experiences. Over the past year, we held trips Coteccons is provided with the most favorable conditions to fulfill its role and promote efficiency. In light of this, the
for our employees to Korea and Indonesia – countries where we have been promoting cooperation in Trade Union has enjoyed a dynamic year, hosting numerous meaningful activities that foster human connection, promote
our efforts to expand into foreign markets. learning and development opportunities, and strengthen collective solidarity to support each other and contribute to
the community.

In order to focus resources and optimize efficiency, Trade Union activities are currently structured into 3 main categories:
Coteccons Goodwill, Coteccons Volunteer, and Better Work.

COTECCONS GOODWILL
• Blood donation (Hiến máu nhân đạo): Organized for Coteccons employees nationwide.
Coteccons volunteers have donated 380 units of blood in recent blood drives.
• Harvesting the Moon for the Village (Hái trăng về làng): Organized to celebrate a joyous Mid-
Autumn Festival and give gifts to 3,500 children in remote areas of Hanoi, HCMC, Binh Thuan,
Yen Bai, Binh Phuoc, and Ben Tre Provinces.

COTECCONS VOLUNTEER
• One Heart Fund (Quỹ Chung một tấm lòng): Allows Coteccons-Unicons staff to mutually aid
individuals undergoing exceptional difficulties within the Company and in the community.
Since its inception, the One Heart Fund has received enthusiastic contributions from the entire
Company, member units, subcontractors, etc. The Fund has been able to support 12 cases with
over VND 603 million raised through 3 donation drives.

BETTER WORK
• Coteccons Olympic: Trade Union members participated in 9 events and won 82 sets of medals
at the Company-wide sports festival.
• Happy Hour: 12 Happy Hour sessions have been conducted at the head office and construction
sites. These events allow workers to relax after hours while fostering team unity.
• Honoring women: Meaningful activities were held on occasions such as March 8 (International
Women's Day) and October 20 (Vietnamese Women's Day) to raise awareness about gender
equality and celebrate the contributions of female workers.
• Giving gifts and visiting colleagues: On special occasions such as weddings, funerals, birthdays,
or other notable events throughout the year, the Trade Union organizes visits and gives gifts to
colleagues. Thousands of visits were made and a total of 1,960 gifts were given in the past year.
• Children's Day: Exciting events were held, and gifts were given to 1,000 children of Company staff.
• International Day of Happiness (March 20): Activities were organized to communicate messages
about cherishing happiness and achieving a balanced mental life.
• Sports activities: Clubs for yoga, football, badminton, etc., are maintained regularly. Internal
tournaments and sports events such as CTD Run are also held, enabling opportunities for the
staff to compete and interact.
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DYNAMIC TRAINING ACTIVITIES

26,326 2,164 1,807

training hours hours of ESG training participants in
in the past year ESG training courses

Training activities are considered the backbone of workforce development at Coteccons. In

collaboration with other departments and divisions, CTA (Coteccons Training Academy) is
a specialized unit responsible for developing and delivering training programs that cater to
staff needs for supplementing and developing their skills. We are continuously investing more
into this area to improve learning effectiveness, offer a wider range of learning formats, and
improve accessibility. In the past year, the training hours at Coteccons totaled 26,326 hours.

• Direct training courses and programs: cover presentation skills, soft skills, ERP, latest
industry updates, etc., delivered by experts from leading organizations such as Dale
Carnegie Vietnam, Arup, and Vietnam Green Building Council.

• CTD Talk: A program for top experts to share insights into new fields or major topics that
Coteccons people need to grasp, such as green construction projects, materials of the
future, and ESG in the construction industry.

• Coteccons.edu.vn: An online training platform the Company has developed to facilitate

the ongoing learning needs of a large number of employees across various locations.
During the past year, the platform recorded 14,000 visits and over 1,000 training hours
in various fields such as construction technology, leadership skills, health, and sports.

More importantly, Coteccons.edu.vn serves as a bridge that connects the Company with 200
partners and leading universities such as the University of Architecture Ho Chi Minh City,
the University of Science and Technology, and the University of Technology and Education.
Through this platform, the Company facilitates knowledge exchange and cooperation
opportunities in various fields, contributing to the development of the young workforce in
the construction industry in particular and society as a whole.

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05 "BUILD TET"

SDG11. COMMUNITY BUILDING TRUST AMONG THE

ENGAGEMENT CONSTRUCTION WORKFORCE
Coteccons is deeply aware that neighboring communities are integral to
the success of construction projects. Communities not only serve as local
labor pools but also contribute to our supply chain by providing materials
and equipment. Communities play a key role in navigating government
approvals and permits, serving as ultimate arbiters of our “social license”
to operate.

Coteccons is committed to engaging with local communities to build

The most valuable things Workers at construction sites are the most vulnerable component in the

we can offer a person or a construction industry's value chain. They toil under harsh conditions (from
positive relationships, understand community needs, and address
extreme weather, dust, noise, heavy lifting, and high altitudes, to the pressure
community concerns transparently and respectfully. community are the proper of progress and time) but rarely receive proper physical and mental care. More
acknowledgment of their often than not, their income is also at risk of delays in salary payment and
Concurrently, the Company is dedicated to stimulating the local economy,
creating jobs, and developing a skilled and diverse local workforce. This
role, appreciation of their prolonged salary arrears. This is a long-standing status quo.

commitment is concretely reflected through the use of raw materials contributions, respect
With a deep understanding of this reality, when rebuilding the culture and
and services from local suppliers, the hiring of local workers, and the for their dignity, and the work environment, Coteccons has pinpointed a guiding principle: We must be
development of charitable and social responsibility programs to improve instilling of confidence in grateful to vulnerable people, on whose shoulders we are standing to
the living conditions of communities.
their own worth. drive economic growth.

Therefore, our workplace policies and core principles such as building a

Coteccons has "built Tet" corporate environment characterized by diversity, equity, inclusion, and
for the workforce in that respect for human dignity, always encompass workers - the construction
regard, not merely through workforce, even those indirectly employed through Coteccons' suppliers and
tangible gifts. subcontractors.

Over two seasons of "Build Tet", Coteccons has directly expressed

gratitude to 27,473 workers across 68 construction sites, building trust,
honoring their roles, and practically supporting significant contributors
to the projects.

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In that spirit, the Company has been making great efforts to enhance the role of workers in the eyes
of stakeholders, improve the work environment, and elevate their life quality. Among these, "Build
Tet" is considered a highly impactful activity that has brought significant spiritual values to both the “Construction workers - What do you see?”
workforce and the community over the past two years.
(“Người thợ xây - Bạn thấy gì?")
First held in the 2023 Tet season in a respectful and warm atmosphere, "Build Tet" involved honoring
For 2024 Tet, a video about construction workers titled “The work environment at Coteccons highly respects
11,708 workers with gifts at 23 construction sites across the country. Coteccons gave out Tet presents,
"Construction workers - What do you see?" went viral on human rights. I have been working in this industry for
took keepsake photos, offered free haircuts, provided free health check-ups, etc. Many people
social media. It quickly reached more than 1 million views more than 10 years and I can say that the Company has
have long been unable to have these experiences. More importantly, Coteccons not only expressed
on YouTube, accompanied by heartwarming comments. always paid salaries ahead of schedule", said Mr. Ha Van
profound gratitude for the contributions of construction workers to the company's operations and
This is a rare feat for non-entertainment content. Vuong, project manager of Sky Forest in Hung Yen.
the development of society but also conveyed powerful messages that call for a shift in awareness
and actions among businesses and stakeholders in relation to this workforce.
The video was part of the "Build Tet 2024" program organized According to Mr. Vuong, Coteccons construction sites
by Coteccons. Against the backdrop of a construction always provide their workers with iced lemonade on hot
In the 2024 Tet season, Coteccons and Nhan Dan Newspaper jointly expanded the scale of this
industry where 42% of businesses were struggling, the summer days. Accommodations, clean water, and even
program. “Build Tet” 2024 gave 15,765 gifts to workers at 45 construction sites of Coteccons and
Company made a great effort to pay salaries before Tet to late-night meals for workers during overtime are always
Unicons, and provided free health check-ups to 11,168 individuals.
all workers and gave presents to nearly 17,000 individuals, available. Mr. Vuong also mentioned the principle of
including those signed with subcontractors. finding partners that Mr. Herwig Guido H. van Hove, Head
Over two seasons of "Build Tet", Coteccons has directly expressed gratitude to 27,473 workers across
of Coteccons' ESG committee, once said: "Coteccons
68 construction sites, building trust, honoring their roles, and practically supporting significant
At “Build Tet” events held at construction sites, Company will only partner with those who share the values of
contributors to the projects.
leaders and management team directly shook hands with sustainable development, regardless of gender, ethnicity,
and thanked each worker. Workers got portrait photos or religion; say no to labor exploitation and absolutely
Mr. Bolat Duisenov, the Company's Chairman of the Board of Directors, told the press: “We focus
taken as souvenirs, were offered haircuts, and received prohibit child labor..."
on neither the number of activities nor the amount of money spent. We prefer to create a ripple
health check-ups, etc. on the spot.
effect to improve the life quality of our construction workforce. Over 2,000 Coteccons engineers are
deeply concerned about the challenges and the risk of inequity they face We will conduct further
research so that the next programs can bring about even greater values."

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To gain insights into the living conditions, aspirations and needs of workers for better support,
SURVEY ON WORKER IDENTIFICATION Coteccons conducted a survey on worker characterization at the ongoing construction sites.

AT CONSTRUCTION SITES The survey was professionally conducted by CTD from January 2023 to July 2024, with a total of
9,841 respondents including workers from subcontractors. Among them were 5,896 workers with
families. This fairly high rate indicates that the majority of workers are married. Out of the total
To gain insights into the living conditions, aspirations and needs of respondents, 1,655 were female workers, accounting for 16.82%. 339 workers were raising children
under 18 months old (accounting for 3.44% of the total number of people surveyed).
workers for better support, Coteccons conducted a survey on worker
characterization at the ongoing construction sites. This survey revealed a shift in the construction industry, with labor mobility and labor needs becoming
increasingly diverse and flexible. A typical example is the movement of construction workers from
South to Central Vietnam. Most workers prefer to follow teams that they have worked with for many
years wherever they go, as long as continuous employment and a stable income to support their
families is ensured.

The survey provided up-to-date information, enabling the Company's specialized teams to better
understand their workers and refine programs dedicated to workers at construction sites. Specifically,
the survey shed light on diversity, equity, and inclusion among workers through gender, religion,
family circumstances, and immigration status, focusing on vulnerable groups such as people who
are pregnant or raising children under 18 months old to develop tailored support programs for them.

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SUPPORTING NEW
LIVELIHOODS FROM GROWING
SOLANUM PROCUMBENS

In Thach Hoa Commune, Tuyen Hoa district, Quang

Binh province, the happiness of the people is
evident as they are given a new livelihood model.
Intercropping Solanum procumbens would not harm
forest growth over the next 3 years, both generating
income for local households involved in forest
planting and preserving the habitat of the langurs.

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Along with participating in the planting of special-use The plant yields 2-3 harvests annually, can withstand the
forests to protect langur habitats in Quang Binh, Coteccons rainy season, and generates income for households that
has also joined hands to support local livelihoods. This have lost their old livelihood due to farmland donation.
parallel activity is designed to enhance the protection
corridor for langurs and minimize threats arising from At the end of March 2024, the Coteccons ESG committee
human activities, particularly those related to economic conducted a field trip to assess the outcome of afforestation
exploitation and subsistence livelihoods. and monitor the growth of Solanum procumbens. The area
dedicated to growing Solanum procumbens in the locality
Quang Binh Province has implemented policies to facilitate, reached 4 hectares with 138,700 plants thriving well. By
encourage, and support households cultivating fields near June 2024, the locals had their first harvest with output
the Sanctuary to shift to growing perennial crops. guaranteed by local businesses.

To contribute to the effective implementation of the In Thach Hoa Commune, the happiness of the people
aforementioned policies, since 2023, Coteccons' ESG is evident as they are given a new livelihood model.
committee, together with representatives of the provincial Intercropping Solanum procumbens would not harm forest
government and local leaders of Thach Hoa Commune, growth over the next 3 years, both generating income for
Tuyen Hoa District, Quang Binh Province, has worked local households involved in forest planting and preserving
with more than 30 households and conducted numerous the habitat of the langurs.
extensive discussions to truly delve into people's lives and
plan new livelihoods with them. “This plant is easy to grow and care for and has high
economic value, so local farmers like me are really looking
Subsequently, the ESG committee continued to conduct forward to the harvest results. We believe that we can find
many surveys and develop a feasible plan for the Solanum new potential, which will bring about good income.”, said
procumbens growing program. Accordingly, Coteccons Mr. Tran Tien, a local who grows Solanum procumbens in
would aid the intercropping of Solanum procumbens in the Dong Tam Village.
buffer zone where people have donated their farmland to
plant forests for the langurs. From the success of the above programs, Coteccons
continues to promote initiatives on livelihood models
Solanum procumbens is a medicinal plant and one of resilient against climate change, aiming at sustainability
the two One Country One Priority Product (OCOP) plants for local communities as part of the Company's ESG
recognized by local authorities as suitable for their geology. strategy.

Havesting
Solanum procumbens is a medicinal plant and one of the two One Country
the solanum One Priority Product (OCOP) plants recognized by local authorities as suitable
procumbens for their geology. The plant yields 2-3 harvests annually, can withstand the
rainy season, and generates income for households that have lost their old
livelihood due to farmland donation.

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REVITALIZING LOCAL APPEARANCE

WITH COMPASSION
OF "OUR HOME"

Our Home (Nhà mình) is a long-term community activity launched by Coteccons in September 2022
to refresh the appearances of public structures or houses of disadvantaged families.

Coteccons has the advantage of leftover paint from various large-scale construction projects. Upon
completion, this paint would normally go to waste. Its disposal negatively impacts the environment
through emissions, even though its quality remains excellent and can be re-purposed with proper
planning.

Meanwhile, through interactions with localities, Coteccons has observed that many public structures
and houses have not been repainted for long periods due to financial and workforce constraints.

By combining these two factors, the Company could maximize value for the community and the
environment. As such, the Our Home initiative was formed. It has been implemented with the
enthusiastic participation of Coteccons employees across the whole process, from paint collection
to voluntary construction.

Our Home has also received exceptional support from paint manufacturers, notably Tambour,
Nippon, and Jotun. These companies have sponsored paint sourced from their inventory stocks
while maintaining quality standards. This has enabled the program to expand on a broader scale of
implementation.

The number of structures repainted under the Our Home program has continued to increase over
the past year, bringing the total number of completed structures under the initiative to 121 across
various locations nationwide. These projects include community cultural houses, shelters, schools,
martyrs' cemeteries, healthcare stations, and more.

Not only has Our Home provided fresh appearances and colors to structures and houses, but it
has also brought joy and vitality to local leaders and residents. This initiative has also boosted the
volunteer spirit of Coteccons employees and many young community members participating in
these activities.

The implementation of Our Home remains ongoing with plans to expand even further.

One of the most meaningful projects undertaken by Our Home was the renovation and
painting of the Martyrs' Cemetery in Nghia Lo Commune and the refurbishment of the
Healthcare Station in Nghia Lo Commune, Cat Hai Island District, Hai Phong.

The renovation project covered a total area of approximately 4,000 m2, with over
2,500m2 of walls refurbished and painted, the entire steel fence repainted, gates
renovated, and the whole area cleaned.

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COTECCONS SPONSORS
"SUPPORT FOR CHILDREN
WITH CANCER" FUND
On the morning of June 6, 2024, at Coteccons' head office, together with
Unicons, the Company signed an agreement to donate VND 700 million to
the "Support for Children with Cancer" Fund (Quỹ "Hỗ trợ bệnh nhi ung thư").
Additionally, the Company pledged to sponsor paint materials for public
structures under the Sponsoring Association for Poor Patients Ho Chi Minh City.

Through this activity, Coteccons aims to offer more hope for pediatric patients
and their families and improve their environment to foster a more positive
atmosphere for the patients.

Since 2017, Coteccons has partnered with the Sponsoring Association for Poor
Patients Ho Chi Minh City in the "Bringing Light to Poor Patients" (Đem lại ánh
sáng cho bệnh nhân nghèo) program with a total donation of VND 826 million
to 1,033 successful eye surgeries.

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HARVESTING THE MOON

FOR THE VILLAGE

3,500 children

enjoyed the Mid-Autumn Festival

with Coteccons

Over the past three years,

Coteccons' Trade Union and
volunteers have been dedicated
to organizing Mid-Autumn
Festival events for children in
underprivileged areas under the
name "Harvesting the Moon for
the Village" (Hái trăng về làng).
Each event typically includes
musical performances, Mid-Autumn
lantern processions, gift-giving, and
scholarship awarding.

The costs and personnel to

implement the events are mobilized
through voluntary contributions,
internal bazaars, support from the
Company’s Trade Union, etc.

During the past year, the

"Harvesting the Moon for the
Village" program reached more than
3,500 children in various localities,
including Bac Ninh, Quang Ngai,
Long An, Ben Tre Provinces, and
Ho Chi Minh City Oncology Hospital.
Children in some of these localities
were able to experience the joy of the
Mid-Autumn Festival for the first time.

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DIRECTION FOR ESG ACTIVITIES IN 2025

OUTSTANDING TARGETS

Based on the Company’s established strategy, awareness and culture of

ESG, with commitment and consistency, in 2025, Coteccons is determined
to promote the implementation of ESG in depth throughout the process
of business development and operation. Thereby, the Company requires
creating greater efficiency, more sustainable impact and wider spread to
all networks of employees, partners, clients, customers and communities
where Coteccons is involved.

To concretize the direction, Coteccons has been working on specific plans

for each category and area. In particular, the Company sets out some
typical targets.

1 Our targets
• Breakthrough growth:
• Revenue 2025:
CAGR hits 20% - 30%.
25,000 billion VND.
4
HUMAN DEVELOPMENT
Our targets
•
•
Achieve ≤1.5 target of days of accidents without loss of workdays (LTIFR).
Integrate ESG criteria into the employee evaluation process.
ECONOMIC GROWTH
• Financial health: Profit after tax increased by 38% compared to the • Reach more than 20% of construction sites implement programs within the
AND IMPACT previous year. DEI framework3.
• Transforming the supply chain to green standards: Reached 20%. • Do the Worker Survey nationwide with 10,000 people4.
• Being the top choice for clients based on 3 following criterias:
- Sustainability
- Responsibility
- Building a green brand Our targets

5 • Expand the network of "like-minded" partners by 20-30% compared to the

old scale.
COOPORATION • Deploy at least 5 development cooperation programs nationwide.
2 Our targets
• Achieve 100% of construction sites implementing greenhouse gas emission
reduction plans.
FOR MUTUAL
DEVELOPMENT
• Have at least 2 collaborative research projects.

REDUCTION OF
• Increase the training of new personnel in charge of greenhouse gas inventory
GREENHOUSE GAS
by 20%.
EMISSIONS • Increase 20% of suppliers with EPD/LCA (certificate).
• Add more 40 hectares of afforestation.
6 Our targets
• Continue to mobilize 100% blood donation units within the allowed scope at
each enterprise.
COMMUNITY
ENGAGEMENT • Expand at least one more community to benefit from the sustainable livelihood
program.
• Award an additional 250 scholarships to children of workers.

3 Our targets
• Reach 70% of Waste Diversion Rate.
• Continue to maintain 100% recycled uniforms at construction sites. 2 To use excess materials, as implemented in the program Nhà mình (Our home), recycled materials, waste collection, reusing old materials from construction
CIRCULAR ECONOMY • Have at least 15 community projects following the 3R2 principles sites...
3 Contents of reproductive health care, gender equality, mechanisms of communication, complaints and recommendations for workers.
4 For example: Build Tet, Our home, Supporting livelihood in Quang Binh, Green marathon, green recycling, Harvesting the moon for the village...
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GRI CONTENT INDEX

GRI STANDARD INFORMATION DISCLOSURE LOCATION GRI STANDARD INFORMATION DISCLOSURE LOCATION

GRI 2: GENERAL DISCLOSURES GRI 202: MARKET PRESENCE

2-1 Organizational details 28-33 202-2 "Proportion of senior management hired from the
2-2 Entities included in the organization’s sustainability reporting 36-41 local community" 78-79

2-3 Reporting period, frequency and contact point 40

GRI 203: INDIRECT ECONOMIC IMPACTS
ACTIVITIES AND WORKERS
20203-2 Significant indirect economic impacts 80-81
2-6 "Activities, value chain and other business relationships" 82-87, 126 - 129
2-7 Employees 136-143
GRI 204: PROCUREMENT PRACTICES
2-8 Workers who are not employees 144-149
204-1 Proportion of spending on local suppliers 82-83
GOVERNANCE

2-9 Governance structure and composition 48-50

GRI 205: ANTI-CORRUPTION
2-10 Nomination and selection of the highest governance body 51-55
2-11 Chair of the highest governance body 08-15 205-1 Operations assessed for risks related to corruption 59-60

2-12 "Role of the highest governance body in overseeing 205-2 "Communication and training about

the management of economic, environmental, and social impacts" 44-45 anti-corruption policies and procedures" 158

2-13 "Delegation of responsibility for managing economic,

environmental, and social impacts" 44-45
GRI 300: ENVIRONMENT
2-15 Conflicts of interest 84-85
2-22 Statement on Sustainable Development Strategy 16-17
2-23 Policy commitments 91 GRI 301: MATERIALS
2-24 Embedding policy commitments 46 3301-2 Recycled input materials used 113-120, 122-123
2-25 Processes to remediate negative impacts 62-66

2-27 Compliance with laws and regulations 93-97

GRI 302: ENERGY
STAKEHOLDER ENGAGEMENT
302-1 Energy consumption within the organization 104-105

2-29 Approach to stakeholder engagement 62-66 302-4 Reduction of energy consumption 104-105
303-1 Interactions with water as a shared resource 104-105

303-5 Water consumption 104-105

GRI 3: MATERIAL TOPICS

3-1 Process to determine material topics 42

GRI 304: BIODIVERSITY
3-2 List of material topics 41
304-3 Habitats protected or restored 106-109
304-4 "IUCN Red List species and
GRI 201: ECONOMIC PERFORMANCE national conservation list species with habitats in
areas affected by operations" 106-109
201-1 Direct economic value generated and distributed 72-79

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GRI STANDARD INFORMATION DISCLOSURE LOCATION GRI STANDARD INFORMATION DISCLOSURE LOCATION

GRI 305: EMISSIONS GRI 407: FREEDOM OF ASSOCIATION AND COLLECTIVE BARGAINING

305-5 Reduction of Greenhouse gas (GHG) emissions 98-101 407-1 "Operations and suppliers in which the right to

305-6 Emissions of ozone-depleting substances (ODS) 98-101 freedom of association and collective bargaining may

be at risk" 157

GRI 306: WASTE

306-2 Management of significant waste-related impacts 102 GRI 413: LOCAL COMMUNITIES

413-1 "Operations with local community engagement,

GRI 401: EMPLOYMENT impact assessments, and development programs" 160-171

401-2 "Benefits provided to full-time employees that are not provided to

temporary or part-time employees" 137-140 GRI 414: SUPPLIER SOCIAL ASSESSMENT

414-1 "New suppliers that were screened

GRI 403: OCCUPATIONAL HEALTH AND SAFETY using social criteria" 82-83
403-1 Occupational health and safety management system 144-145

403-3 Occupational health services 144-145 GRI 417: MARKETING AND LABELING
403-4 Worker participation, consultation, and communication on occupational health and 417-1 Requirements for product and service information and labeling 77
safety 144-147

403-5 Worker training on occupational health and safety 144-147

403-6 Promotion of worker health 154-154

GRI 404: TRAINING AND EDUCATION

404-1 Average hours of training per year per employee 158-159

GRI 405: DIVERSITY AND EQUAL OPPORTUNITY

405-2 Ratio of basic salary and remuneration of women to men 79

GRI 406: NON-DISCRIMINATION

406-1 "Incidents of discrimination and corrective actions taken" 140-141

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“Since the incorporation of ESG into Coteccons' day-to-day operations, our

traditionally familiar logistics tasks have grown into our mission as we developed a
new perspective and understanding of the value created by our work.

Logistics has focused more intensely on sustainable development standards.

Prioritizing the use of degradable and reusable materials and choosing sustainable
suppliers not only helps minimize environmental impact but also creates a friendlier
and more comfortable work environment. Additionally, greening our office and
using Xanh SM electric taxis showcase our commitment to a greener future.

In our events, we apply the principle of "getting it right the first time", which saves
time and cost and improves our work efficiency, contributing to the Company's
overall success. Through this approach, we boost productivity while mitigating
negative environmental impacts."

Phan Thi Trung – Administrative Specialist, Department of Human Resources

and General Affairs of Unicons

Pham Xuan Thu - Director of Purchasing Division

“We recognize the critical importance of material selection in construction as it directly impacts
the environment throughout the life cycle of a construction project. Therefore, we hold ourselves to
stringent standards and responsibilities in selecting materials that have minimal negative impact on “I became familiar with ESG through participating in
the environment, are recyclable or recycled, and conserve energy and resources in both their production Company programs such as "Books for Plants" (Đổi sách
and use. Coteccons also prioritizes materials that are locally sourced, highly durable, manufactured with lấy cây), "Batteries for Plants" (Đổi pin lấy cây xanh), waste
new green technologies, etc. sorting, opportunities to learn about afforestation efforts
We had the opportunity to meet professional partners with products and solutions optimized for to protect the endangered langurs and listen to people's
green buildings. They shared their knowledge and technologies focused on Net Zero, and were able to concerns regarding livelihoods, etc. These experiences
provide domestic and international certifications demonstrating the environmental friendliness of their nurtured a desire within me to delve deeper into this field
products. professionally.

However, we also encountered many partners who have not yet met these standards. Some were even Even in the early days of implementing social activities or
unfamiliar with the concept of ESG and had not embarked on this journey. Most of them became greatly assisting with emissions inventories, I was able to meet with
enthusiastic after listening to our insights. Some suppliers had good environmental awareness but lack many people from various government agencies, major
a clear understanding of specific implementation processes, preventing them from applying the ESG domestic and international organizations, etc. Through
concept to their products to achieve the necessary certifications. the following collaboration with colleagues from different
departments and localities, I began to grasp the bigger
In such cases, we work closely with partners to implement and add them to our green supplier list. We picture. I understand that ESG is not simply about doing
are actively seeking, exchanging, and finalizing a green profile of Coteccons' partners as a crucial part philanthropic or community projects based on goodwill
of building a green supply chain." alone. ESG initiatives must be integrated into the Company's
business strategy, through which we can contribute to
the healthy development of an enterprise to generate
environmental and social value.”

Vo Ho Thuy Hong – ESG Coordinator

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The path to a Corporate About Governance for sustainable Economic performance Implementing sustainable
green future profile the report development development according to the 5 goals

“I had the opportunity to manage the Lego Manufactory Vietnam project where Coteccons serves
as the general contractor. This is the largest FDI project among the clusters of industrial parks
in Binh Duong Province with extremely high environmental standards, presenting significant
challenges.

The first goal to achieve is to construct Lego Group's first carbon-neutral factory in the world,
meeting Leed Platinum and Energy Center standards. This will be Lego's most sustainable factory
globally in terms of design and construction, featuring modern equipment and facilities, entirely
powered by solar energy, creating 4,000 job opportunities over the next 15 years, etc.

For such a green project, we must rigorously adhere to ESG standards. One of the first initiatives
is encouraging employees to commute via bicycle instead of gasoline vehicles. This not only
helps reduce carbon emissions but also improves people's health. The bicycles neatly parked in
front of the construction site every morning clearly demonstrate positive change, as everyone
strives for a cleaner environment and better health.

Our employees are also encouraged to breakfast on-site instead of

ordering takeaway, which helps minimize the amount of plastic bags
and single-use containers. Every morning, people enjoy breakfast
together and share their stories in a friendly and cozy atmosphere.
This fosters a sense of unity and bonding and sets a positive tone for
a new day.

Swapping disposable plastic water bottles for reusable ones is

“Last August, I had the opportunity to lead the entire
another significant step. Each employee is provided with a personal
“Harvesting the Moon for the Village 2024” (Hái trăng về làng)
water bottle, which significantly reduces plastic waste. The colorful
program at the Hoa Phat construction site. This activity is
personal water bottles on work desks have become part of the
part of Coteccons' programs aimed at sustainable community
Company culture. It's great to see everyone building awareness and
development.
making changes, starting from the smallest things like on-site waste
sorting, reducing plastic cups, recycling waste and excess materials, The Company's ESG strategy has instilled in us the philosophy
cleaning up the construction site to enhance waste sorting, etc. that "Coteccons leaves a place greener and better than we
found it." Every action taken for the program honors this spirit.
We also participate in the GreenUP marathon program. Each step we It motivated us to overcome challenges caused by weather and
run not only benefits our health and joy but also contributes to the surroundings.
afforestation projects.
The program was a great success. The gifts were wholeheartedly
The construction site also excels in employee care, providing worker distributed, bringing joy beyond expectations. As the first
accommodations, medical care rooms with beds, free drinking water organization to hold such a large-scale event locally, Coteccons
areas, organizing visits and encouragement for female workers brought happiness not only to the children but also to adults.
with young children, regular visits to dormitories, and rewarding We strove to give kindness and received much of the same in
individuals who actively contribute to a clean and green environment return. This event shifted my perspective as I realized the true
at the project. mission of community projects."

The "Construct Tet" (Xây Tết) program is especially meaningful. Dinh Hoang Vu - Chief Construction QS, Hoa Phat 2
Its healthcare activities, gifts, and commemorative photos made Construction Site
employees feel cared for and valued by their workplace.”

Hoang Thanh Binh - Project Manager of Lego Factory

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The path to a Corporate About Governance for sustainable Economic performance Implementing sustainable
green future profile the report development development according to the 5 goals

TOP-PERFORMING
CONSTRUCTION SITES CONSTRUCTION COMMITTEE
IN TERMS OF ESG
All Coteccons construction sites strictly adhere to the Company's ESG 1 LEGO South
requirements and standards. However, the Company would like to
2 Pandora South
commend the Construction Committees of the following 11 sites in
particular for their highly effective implementation and most positive Suntory PepsiCo South
contributions.
3
4 Urban Green South

5 Riviera Point South

Lancaster Legacy South

6
Hyatt Sapa North
7
Vinfast North
8
Vinhomes Smart City North
9
10 Dolce Penisola Quảng Bình Central

LOGOS Yên Phong IIA North

11

188 SUSTAINABLE DEVELOPMENT REPORT COTECCONS 189

Coteccons is consistent with the orientation of sustainable development and
responsible development by specifically implementing tasks with the environment,
society and people throughout the process of carrying out business activities.

The ESG strategy at Coteccons is implemented from the highest leadership level. To
create far-reaching, valuable and real impact, the Company is working to make ESG
visible and meaningful to all employees and stakeholders.

This report is printed in a limited quantity to serve specific needs.

To support Coteccons in reducing the use of paper and printing materials and promoting environmental protection, please
access the digital version of the report on our official website at http://coteccons.vn, ESG section.

190 SUSTAINABLE DEVELOPMENT REPORT

Head Office
Coteccons Building, 236/6 Dien Bien Phu Street, Ward 17, Binh Thanh District, Ho Chi Minh City
Tel: +84 28 3514 2255 / 3514 2266
Email: [email protected]

Representative Office
8th Floor, Tower 2, Capital Place - 29 Lieu Giai Street, Ngoc Khanh Ward, Ba Dinh District, Hanoi
Tel: +84 24 7301 6216
Email: [email protected]

For feedback and suggestions, please contact:

ESG COMMITTEE
Email: [email protected]
Phone: 84.28-35142255/66
Address: 236/6 Dien Bien Phu, Ward 17,
Binh Thanh District, Ho Chi Minh City