Ngan Tin Group: Growing Stronger with Domestic Business Community to Go Further

Fifteen years of development (2009-2024), Ngan Tin Investment Group Joint Stock Company has always been steadfast in its goals, persistent in its direction and flexible in its solutions and tried its best to overcome all challenges to grow steadily and affirm its solid position in the domestic business community, said Mr. Truong Dinh Hai, Chairman of the Board of Directors of Ngan Tin Group Joint Stock Company, to Vietnam Business Forum in late 2024.

Ngan Tin Group has always been at the forefront of implementing social security policies and community responsibility. In the photo: Former President Truong Tan Sang, leaders of Ben Tre province and Chairman of the Board of Directors of Ngan Tin Group hosted the groundbreaking ceremony for Great Unity Building in Ben Tre City in August 2024

2024 marked 15 years in the development journey of Ngan Tin Group. What do you think about this arduous but proud journey?

Set up in 2029 as a small business with an initial registered capital of only VND20 billion, Ngan Tin Group, after 15 years of construction and development, has now become a powerful corporation with a registered capital of over VND1,200 billion. We achieved these initial successes as we soon defined the direction, gradually achieved its goals and always made the highest effort in all activities, aiming to become a conglomerate with real estate, green energy, seaport warehouses, petroleum and gas trading as the pillars of business.

Up to now, Ngan Tin Group has built a strong ecosystem in terms of scale, financial potential and investment capacity and expanded operations with many units and member companies to realize its direction or implement its investment projects in localities. The most typical example is TDG Global Company, which successfully floated its shares on the Hochiminh Stock Exchange (ticker on HOSE: TDG). Ngan Tin Group is proud to have built up its reputation, brand and solid position in the market, and gained the trust and cooperation of shareholders, partners and customers.

In recent years, due to economic volatility and business difficulties, Ngan Tin Group has also faced numerous challenges in competition, increased input cost and underinvested capital. However, with the active and flexible governance of the Board of Directors and the effort and creativity of employees, and with the companionship and sharing of partners, the group still achieved positive business results. Notably, in 2023, the group's revenue reached a milestone of US$500 million. In this extremely difficult year of 2024, the revenue also reached US$400 million.

Thanks to its success in overcoming challenges, in 2024, Ngan Tin Group was recognized and highly appreciated by credit rating organizations when ranked among the Top 500 largest businesses in Vietnam, Top 18 largest real estate companies in Vietnam, and Top 200 winners of the Vietnam Golden Star Award.

From this foundation, Ngan Tin Group continues to promote its core business areas, with its focus on developing the petroleum filling station system across the country. Particularly in the real estate sector, the group has concentrated on quickly carrying out many projects like Bai Xep International Beach Resort (Quy Nhon city, Binh Dinh province), Residential Area 05 at Point 3 on the Trunk Road in the Extended Economic Zone (Nhon Hoi Economic Zone, Binh Dinh province), Residential Area adjacent to Dong Xoai Industrial Park I (Binh Phuoc province), and Nguyen Trong Hop Urban Area (Go Cong city, Tien Giang province). In addition, we started to invest in Southwest Urban Area in Nhon Ly commune, Quy Nhon city, Binh Dinh province when Ngan Tin Quy Nhon Co., Ltd won the auction for land-use rights at the end of November 2024.

Currently, Ngan Tin Group and its member units are focusing on accelerating to complete the highest business plans in 2024, thus creating momentum for 2025 and beyond. We expect that, on the occasion of the 20th anniversary of the Ngan Tin brand, the group will not only reach the national level but also become globally famous.

Ngan Tin Group actively advances international integration, seizes opportunities and adapts to global trends. In the photo: Chairman of the Board of Directors of Ngan Tin Group Truong Dinh Hai (3rd from right) and its executives meet with New York City Commissioner Edward Mermelstein within the framework of the 2024 US Fall Forum last October

At the Ben Tre Investment Promotion Conference 2024 on October 3, 2024, provincial leaders presented a memorandum of cooperation agreement to Ngan Tin Group to study and implement an urban area project in the province. Could you tell us more about the above projects?

At the Ben Tre Investment Promotion Conference on October 3, 2024, witnessed by Deputy Prime Minister Nguyen Hoa Binh and delegates, Acting Secretary of the Provincial Party Committee Ho Thi Hoang Yen and Chairman of the Provincial People's Committee Tran Ngoc Tam presented the memorandum of cooperation agreement to Ngan Tin Group to study and implement urban area projects in Ben Tre province. Accordingly, the group will study, survey and propose new urban and real estate investment projects and develop green energy and logistics projects.

The memorandum will open up more opportunities for the group’s investment and business cooperation in Ben Tre province and help the group with the opportunity to access new resources and attractive business opportunities in the locality. The fact that provincial leaders highly appreciate the capacity and reputation of Ngan Tin Group also shows the openness, receptiveness and desire of the group to have many projects and investors to awaken potential and untapped resources. This will certainly create a ripple effect to attract more investors to the province. From these foundations, we believe that the direction that Ngan Tin is researching will soon be materialized in specific projects and will also be approved to become a new development driving force for the group and the locality in the near future.

Since establishing its headquarters in Ben Tre province, Ngan Tin Group has made great efforts in business development and coupled business with social responsibility. In addition to research, promotion and implementation of investment and business activities, the group has actively taken part in social security activities in the province like donating life jackets to poor fishermen, financing bridge construction, building houses for policy-benefiting people, and joining hands to eliminate temporary houses and dilapidated houses.

Ben Tre province is currently not only making a strong impression on investors and businesses with its eastern vision and sustainable development mindset, but also showing its determination to carry out solutions to improve the business environment. How do you assess these efforts? What are current business opportunities in the province?

Ben Tre has an important position in the Mekong Delta, with many advantages in developing the marine economy, renewable energy and eco-tourism. In recent years, the province has promoted its geographical advantages, introduced a series of policies to attract domestic and foreign businesses to research and learn about investment.

From the business perspective, what we see is that provincial leaders at all levels have specific investment attraction policies like improving the investment environment, reforming administrative procedures, organizing business meetings and talk shows hosted by provincial authorities, and solving difficulties and obstacles for local businesses. At the same time, the province informs businesses of central mechanisms and policies on business, investment and international integration.

These are important factors for Ngan Tin Group in particular and businesses in general to learn about investment opportunities and to accompany the province’s development.

Determined to develop Ngan Tin Group into a multibillion-dollar business, fulfil the globalization goal and accomplish the mission of “Ngan Tin for the community”, what development strategies and solutions has Ngan Tin Group carried out?

All four business areas need to use modern advanced technologies and apply green technology. Especially with many urban real estate projects and 4-5-star luxury resorts, we are determined to apply technologies from the beginning, especially the latest and most advanced green technologies, to bring outstanding values, and enhance customer experiences. For example, at Residential Area 05 at Point 3 - the land fund along the extended Nhon Hoi economic zone axis, Phu Cat town, Cat Tien district, Quy Nhon, we all use high-quality materials and advanced technologies to meet the strict EDGE standards, an international certification for green buildings issued by IFC of the World Bank. In the green energy field, we aim to strongly develop wind power and solar power systems. In addition, we are currently preparing for the groundbreaking event of Bac Son 2 Industrial Complex (Lang Son province), including a 12-MW biomass power plant, which is furnished with advanced technologies to reduce emissions and enhance the efficiency of energy transformation.

Ngan Tin Group aims to develop a green economy in accordance with the Government's general development policies and orientations, especially the National Strategy on Green Growth for the 2011-2020 period, with a vision to 2050. Together with the business community, the group has actively transformed into a green production model powered by renewable energy and environmentally friendly technology. The firm has also actively responded to Vietnam's commitments at the COP26 Conference: Vietnam is strongly committed to the international community to achieve net zero emissions by 2050.

In the long-term strategy, in addition to strongly boosting domestic business development, Ngan Tin Group aims to reach the world level. To realize this goal, the firm has actively carried out many activities, advanced international integration, captured opportunities and adapted to global trends. Becoming a co-sponsor of the US-Vietnam Fall Forum in October 2024 is a clear demonstration of this determination.

With a series of activities at the forum, the Board of Directors of Ngan Tin Group established strategic cooperation with major US partners, opened up new prospects for the group’s sustainable development, and, together with the Vietnamese business community, prepared a mindset for a new era, an era of rising Vietnamese people.

Thank you very much!

By Duy Anh (Vietnam Business Forum)