The Ho Chi Minh City-based contractor first entered the ranking at 376th in 2024, rose to 304th in 2025, and advanced to 285th this year, reflecting continued business growth and improved competitiveness.
Compiled annually by Fortune magazine, the Fortune Southeast Asia 500 ranks the region's largest companies by revenue across seven Southeast Asian economies. Financial data is sourced from publicly available information and independently verified by Refinitiv and S&P Global Market Intelligence.
Coteccons' current backlog has reached approximately VND65.5 trillion (US$2.49 billion). Photo courtesy of Coteccons
In this year's report, Fortune described Vietnam as one of Southeast Asia's emerging growth engines. Vietnamese companies posted average revenue growth of 10.5%, outperforming the overall average for the ranking. While accounting for less than 10% of total revenue among the 500 companies, they contributed roughly one-quarter of the list's overall revenue growth.
The publication also noted that much of the region's expansion is being driven by mid-ranked companies that continue to strengthen their capabilities and move up the value chain.
