AsemconnectVietnam - HANTA2 Joint Venture (including Coteccons Construction Joint Stock Company (stock code CTD), Hanoi Construction Corporation - CTCP (Hancorp), ATAD Steel Structure Joint Stock Company) has just won bid package No. 7.8 of Component Project 3 - Essential Works in Long Thanh International Airport Phase I, with a winning bid price of VND3,379 billion.

This bid package includes the construction of the body, outdoor infrastructure, installation of equipment for Cargo Terminal No. 1 and auxiliary works. The contract implementation period is 330 days.
With a capacity to receive 550,000 tons of cargo per year, this item plays a key role in air transport exploitation, worthy of Long Thanh - the largest airport in Southeast Asia. The project helps ensure the progress and scale of exploitation according to ACV's plan, while creating a foundation for Long Thanh to become a regional freight transit center.
With a scale of 8.4 hectares of construction floor area and a building height of up to 30m, package 7.8 requires advanced steel-concrete structural solutions, synchronous and urgent construction within 330 days, including holidays and Tet.
The urgent progress and complex technical requirements make this package a big challenge for construction enterprises. The Coteccons joint venture with complementary strengths has been selected to ensure the progress and quality of the project.
Over the years, Coteccons has affirmed its capacity and construction quality in large-scale aviation infrastructure projects such as: Tan Son Nhat Cargo Terminal, Terminal T2 - Noi Bai, or most recently, package 11.5 in Long Thanh (Parking Garage item, worth more than 3,143 billion VND). In addition to aviation, Coteccons is also present in a series of typical public investment projects such as Luong Hoa - Binh Chanh Road project, Thuy Van Road Reconstruction (Vung Tau), Ho Chi Minh City National University, etc.
On the other hand, the strength of the joint venture also comes from the combination of three "pieces": Coteccons with more than 21 years of experience as a general contractor; Hancorp - a familiar face in the field of aviation infrastructure construction; and ATAD - a leading expert in steel structures. This convergence ensures the project a synchronous and comprehensive construction capacity from design, structure to site organization.
Mr. Vo Hoang Lam, Deputy General Director of Coteccons shared: “Public investment and infrastructure are opening up a ‘big battle’ for the Vietnamese construction industry. Coteccons identifies this sector as a strategic pillar alongside civil, helping to diversify the project portfolio, consolidate sustainable revenue sources and create long-term growth momentum. This is not only a business opportunity, but also a way for us to contribute to the national development foundation and realize the goal of achieving revenue of 3 billion USD and capitalization of 1 billion USD”. According to estimates by the Global Infrastructure Hub, on average, Vietnam needs 25 billion USD (about VND659 trillion) per year in the next 20 years, mostly focused on transportation.
In that context, Coteccons is striving to expand its market share, anticipate public investment capital flows, and be ready to enter "super projects" such as highways, railways, metros, etc. Winning the bid for Package 7.8 in Long Thanh marks an important step forward for Coteccons in the process of participating more deeply in the public investment sector, proving the correctness of the strategy of diversifying revenue sources, aiming for sustainable growth.
In the fourth quarter of fiscal year 2025, Coteccons recorded many positive growth indicators thanks to focusing on effective construction and on-time handover of key projects. Not only exceeding the profit plan, Coteccons also owns a backlog of VND35,353 billion, creating a solid foundation for growth in 2026.
N.Nga
Source: VITIC/Tinnhanhchungkhoan