Vietnam’s Trailblazing Sustainable Technology Partners Honoured
at FiCO PanU Award Ceremony
CMC technology used in pioneering development projects eliminated over – 1,574 tonnes of embodied CO2
Ho Chi Minh City, 11th June 2025, Wednesday – FiCO Pan-United Concrete Joint Stock Company (“FiCO PanU”) honoured today the stakeholders of sustainability projects – The Infiniti – the third phase of Riviera Point, Celesta Avenue and Essensia Sky – for pioneering the use of Carbon Mineralised Concrete (CMC) in all three projects that eliminated embodied carbon dioxide (CO2) totalling over 1,574 tonnes at the construction stage as at 31st May 2025. This is equivalent to CO2 sequestered by 26,026 tree seedlings grown for 10 years.
FiCO PanU’s inaugural CEO Dinner & CMC Technology Sustainability Award Ceremony commemorated the official launch of PanU CMM+ (Carbon Mineralised Mortar), a full suite of advanced sustainable ready-mixed mortar solutions, tailor-made to replace bagged cement site-mixed mortar and further support Vietnam’s decarbonisation goals of meeting the country’s net-zero commitment by 2050.
The awardees for the evening are listed below:
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- Keppel Vietnam and Coteccons Construction for The Infiniti
- Phuoc Kien and Tuan Le Construction for the Celesta Avenue project
- Phu Long and Central Construction for the Essensia Sky project
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From the left Mr Mike Gamel-Tuan Le Construction, Mr Nguyen Quoc Sang-Phu Long Real Estate, Mr Steven Loh-FiCO Pan-United, Mr Ken Loh-Pan-United, Mr Tran Quang Tuan-Central Construction, Mr Lee Leong Seng-Keppel Real Estate, Mr Vo Hoang Lam-Coteccons Construction
This ceremony also marked the successful completion of the tripartite Memorandum of Understanding (MOU) signed in May 2024 by Keppel Vietnam, Coteccons and FiCO PanU. This collaboration laid the foundation for Keppel and Coteccons to utilise CMC Technology, a first for Vietnam, specifically for The Infiniti – project in District 7, Ho Chi Minh City.
Key leaders from Vietnam’s real estate and construction sectors were present at the event to recognise and celebrate pioneering achievements in sustainable construction and low carbon concrete innovation. The exclusive by-invitation-only event was held at the Lai Restaurant at Saigon Centre, which incidentally was also a key project supplied by FiCO PanU.
VIPs at the event included Mr Ken Loh, CEO of Pan-United Corporation Ltd (Singapore); Mr Lee Leong Seng, Head of Property Development, Keppel Real Estate Vietnam; Mr Nguyen Quoc Sang, Director of Project Management, Phu Long Real Estate Corporation; Mr Vo Hoang Lam, CEO BU1 of Coteccons; Mr Mike Gammel, CEO of Tuan Le Construction and Mr Tran Quang Tuan, Founder-Chairman & CEO of Central Construction, Ms Phan Thu Hang- Chair of the Board VGBC.
During the dinner, Mr Ken Loh shared on the Pan-United purpose to ‘Decarbonise the World with Concrete’, highlighting the milestones achieved so far in its sustainability journey. Pan-United had become the world’s top producer of carbon mineralised concrete, achieving the highest CO2 savings per plant.
Mr Loh added: “Pan-United is proud to introduce the CMC Technology to Vietnam. By providing low carbon concrete and mortar solutions such as PanU CMC+ and PanU CMM+, we are helping to reduce embodied carbon emissions in Ho Chi Minh City. We thank our partners for the meaningful collaboration and look forward to more joint efforts to build greener projects”.
In the CEO sharing session, Mr Lee Leong Seng, Head of Residential Real Estates from Keppel Vitenam said “ Sustainability is joint efforts and partnership among developers, architects, engineers, main contractors and suppliers like FiCO PanU, the success of the tripartite MOU for The Infiniti project is an excellent example”
Mr Steven Loh, General Director of FiCO PanU, said: “This dinner is not just a celebration of achievement, but a recognition of our shared responsibility to lead with purpose. The CMC Technology Sustainability Awards not only highlight innovation but are also a reminder of the critical role that our industry plays in shaping a sustainable future for Vietnam. FiCO Pan-United is committed to leading this industry transformation with responsibility and purpose”.
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About FiCO Pan-United Concrete Joint Stock Company
FiCO Pan-United Concrete Joint Stock Company (FiCO PanU) was established in 2010 as a joint venture between the Singapore-based Pan-United Group (Pan-United) and Vietnam’s FiCO Corporation. Today, FiCO PanU is the leading concrete solutions provider in Ho Chi Minh City, actively driving the shift to greener construction across Vietnam. FiCO PanU currently supplies ready-mix concrete from its four batching plants in, Mai Chi Tho, Cat Lai and Dong Nai.
FiCO PanU has an established track record of supplying iconic projects in Ho Chi Minh City. These include the Metro Line One (Opera House station and rail track works), Landmark 81, Saigon Centre, Vivo City, Empire City and Bason Bridge, amongst many others. Its in-house research and development team conducts extensive research on sustainable and durable concrete and high-performance ready-mix mortar solutions to address construction needs in Vietnam.
For more information, please visit: www.ficopanunited.com
About Pan-United Corporation
Singapore-listed Pan-United Corporation (SGX:P52) is a global leader in low-carbon concrete technologies catalysing change in the ready-mix concrete and logistics space. To-date, it is the world’s top producer of carbon mineralised concrete which leverages carbon capture & utilisation (CCU) technology to sequester industrial waste CO2 within concrete.
Focused on concrete innovation and digital transformation, Pan-United firmly believes in concrete as an engineered product that can play a significant role in decarbonising the environment, so as to ensure a safer world for future generations. Its world-class in-house R&D capabilities have produced an extensive range of over 300 concrete solutions, more than half of which are low-carbon concrete. AiR Digital, its in-house AI solution, optimises industrial supply chain operations.
Pan-United has pledged to offer only low-carbon concrete by 2030, offer carbon-neutral concrete by 2040, and to become a carbon-neutral company by 2050.
For more information, please visit: www.panunited.com.sg
For Media Enquiries, Please Contact:
Tuyen Nguyen (Ms/Chị)
Marketing R&D and Sustainability Manager
Trưởng Phòng Marketing R&D và Phát Triển Bền Vững
Tel: (+84) 932 767 086
Email: tuyen.nguyen@fico-pan-u.com.vn