NEWTECONS REPORTS POSITIVE FIRST-HALF 2024 RESULTS, SETS AMBITIOUS GOALS

Ho Chi Minh City, July 22, 2024 – Newtecons held its mid-year review meeting to assess the company’s performance and outline its strategic direction for the remainder of the year. The event, attended by the Executive Board and intermediate managers, marked a significant milestone in the company’s year.

During the first half of 2024, Newtecons successfully executed several large-scale projects, particularly infrastructure and high-end real estate. These efforts have stabilized the company’s workload and increased revenue by 10% over its early expectations.

Current projects are progressing as planned, with a strong emphasis on quality and safety. Notably, Newtecons has completed and handed over projects such as M Garden City Hotel, T&T An Giang Complex, and Paihong 2 Factory, garnering positive feedback from clients.

A significant development in 2024 was the establishment of the Engineering Division, which combines construction and electromechanical engineering. This integration improves construction quality, enhances technical standards, and optimizes project efficiency. Additionally, the company has been actively implementing green and energy-saving initiatives, contributing to sustainable development and the goal of achieving net-zero emissions by 2050.

In the future, Newtecons wants to increase its competitive advantage, improve service quality, and reach a broader market. The company’s mission is to provide outstanding value to customers and investors while offering lasting community benefits.