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Coteccons gets new general director after 18-month vacancy

by fastnewz

Coteccons’s normal director Vo Hoang Lam. Photograph courtesy of the corporate


Building firm Coteccons has named Vo Hoang Lam as its new normal director, a 12 months and a half after his predecessor stop.

Lam, 44, earlier a board member and deputy director, has been with the corporate since its early days and held key positions like web site supervisor, undertaking supervisor and director of subsidiaries.

The corporate confronted nice “stress from the general public, shareholders and traders” and drawbacks whereas bidding when the seat was vacant, Coteccons chairman Bolat Duisenov mentioned in an announcement launched August 5.

However there was no rush to nominate a brand new CEO because the administration workforce was working stably, he mentioned.

Each of Lam’s final two predecessors, Nguyen Sy Cong and Vo Thanh Liem, left the agency to steer different development firms.

Coteccons reported a lack of VND24 billion ($10.36 million) for the second quarter, pushed by a VND242-billion provision it needed to make for money owed owed by Viet Star Actual Property Funding Co. Ltd, a subsidiary of Tan Hoang Minh Group.

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