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T&T Group received the First Class Labor Medal for the third time and celebrated the 30th anniversary of the Group's establishment.

Việt NamViệt Nam30/11/2023

On November 30, 2023, in Hanoi, T&T Group held a ceremony to receive the First Class Labor Medal for the third time and celebrate the 30th anniversary of the Group's establishment (1993-2023). This is a particularly important and meaningful event for T&T Group, marking the Group's 30-year journey of accompanying the development of a prosperous Vietnam; a recognition from the Party and State as one of the very few private economic groups honored to receive the First Class Labor Medal for the third time.

At the ceremony, Ms. Vo Thi Anh Xuan, member of the Party Central Committee, Vice President of the Socialist Republic of Vietnam, on behalf of the Party and State leaders, awarded the First Class Labor Medal for the third time to T&T Group.

Ms. Vo Thi Anh Xuan, Member of the Party Central Committee, Vice President of the Socialist Republic of Vietnam, on behalf of the Party and State leaders, awarded the First Class Labor Medal to T&T Group.

Speaking at the ceremony, Mr. Ha Minh Hai, Vice Chairman of Hanoi People's Committee acknowledged and praised the efforts of the Board of Directors and employees of T&T Group; at the same time, highly appreciated the orientation and business strategy of T&T Group in the current period, always closely following the policies of the Party, State and Government; being sensitive and grasping well the opportunities and trends of the world economy. Mr. Ha Minh Hai also emphasized and suggested: "T&T Group will seize opportunities, promote existing potentials and the mettle and experience of an enterprise with a long history to realize sustainable development goals, apply technology to production and business activities, especially in areas that create driving forces for the economy".

Mr. Ha Minh Hai, Vice Chairman of Hanoi People's Committee spoke at the ceremony.

On behalf of the Group's leaders, Mr. Do Quang Hien, Founder and Chairman of the Strategy Committee of T&T Group, said that in order to achieve proud achievements over the past 30 years, T&T Group has received the attention, direction and support of the Party, State, Government and National Assembly; Central agencies, Hanoi city and localities; the cooperation of partners, investors, businesses and entrepreneurs at home and abroad; especially the active and effective contributions with the enthusiasm, strength and intelligence of all employees. The Founder and Chairman of the Strategy Committee of T&T Group also said: "T&T Group will absorb the orientations and directions of the Central leaders and Hanoi city throughout the Group's development journey" .

Mr. Do Quang Hien, Founder and Chairman of the Strategy Committee of T&T Group, spoke.

In 1993, T&T Company Limited was established, one of the first private enterprises in Vietnam to be established at that time; with the main business field being the import and distribution of electrical products of Matsushita Group with major brands such as Panasonic, National and Mitsubishi Heavy Industry Group. Establishing prestige and having the right direction when meeting the huge demand of consumers for Japanese electrical products with advanced technology and reasonable prices, less than 2 years after its establishment, T&T established a leading position in the whole North in its business field. In addition to popularizing new technology, T&T also trains a team of engineers to access modern techniques, and makes an important contribution to the state budget when paying taxes with a very large value.

T&T Company Limited (the predecessor of T&T Group) was established in 1993.

In the late 1990s, the country changed, implementing the Government's policy of encouraging the development of the motorbike industry, T&T quickly seized the opportunity, shifting to investing in building the largest engine, spare parts and motorbike assembly factory in Vietnam in Hung Yen, with a localization rate of up to 80%. During that period, on average, T&T Group launched about 70,000 motorbikes to the market each year, of which 80% were consumed domestically and 20% were exported to African and South American markets, creating a brand and reputation for Vietnamese motorbikes. In addition to its core role in developing the Vietnamese motorbike industry, the special value that T&T brought at that time was providing quality motorbikes at reasonable prices, much cheaper than the motorbike prices of FDI enterprises supplied to the market. Therefore, T&T motorbikes are chosen by many consumers in both urban and rural areas as a means of transportation, daily activities, and livelihood...

T&T Group has now become a leading multi-industry private economic group in Vietnam .

Implementing the group's development strategy, T&T boldly expanded its investment when participating in the financial sector in 2005 by contributing capital and becoming a major shareholder of SHB Bank (formerly Nhon Ai Rural Bank). With a strategy of safe, effective and sustainable development, SHB has grown remarkably in its business activities. To date, SHB has built a strong financial foundation with a charter capital of VND 36,194 billion - an increase of more than 90,000 times compared to when it was established; total assets of nearly VND 596,000 billion; nearly 11,000 employees working domestically and internationally; serving more than 5 million individual and corporate customers. T&T Group also joined with large state corporations such as Vietnam National Coal and Mineral Industries Group, Vietnam Rubber Group to invest and become major shareholders of several other financial institutions such as Saigon - Hanoi Insurance Corporation (BSH), Saigon - Hanoi Securities Corporation (SHS) ... Then, in 2007, in order to improve management capacity, T&T officially converted its operations to a group model and gradually expanded its investment and business fields to many new fields such as: real estate; agriculture, forestry and fisheries; consumer trade; energy, environment; development of transport infrastructure and logistics; healthcare and sports ... T&T Group also expanded its investment abroad by establishing member units in the US, Germany, Russia, and Australia markets. Implementing the Government's policy, T&T Group has participated in the equitization and restructuring of inefficient state-owned corporations and companies, which were once the pride of the nation, with the goal of restoring the brand and enhancing the value of these enterprises. Up to now, when striving to become a leading multi-industry private economic group in Vietnam, T&T Group is still steadfast in its path of linking the interests of the enterprise with the development and progress of society, the prosperity of the country. The Group's charter capital currently reaches 22,000 billion VND, a system of over 200 member units, 80,000 employees operating domestically and abroad, hundreds of thousands of shareholders and millions of customers.

T&T Group has cooperated with many leading partners in the world.

With the goal of developing large-scale projects and creating sustainable values, T&T Group has cooperated with leading partners in the world to invest in business in most of its fields of operation and business such as: clean energy, green real estate, transport infrastructure and logistics, insurance, investment finance, high-tech agriculture, healthcare, education... These cooperative relationships have achieved results, helping many large-scale projects of T&T Group and partners come into reality, are promoting efficiency, contributing significantly to the economic development process of Vietnam. With its reputation established in green development and sustainable development, T&T Group has been committed by Standard Chartered - the world's leading international financial institution - to arrange a financial amount of up to 6 billion USD to finance T&T Group's green projects implemented in Vietnam... T&T Group's strategy to enhance international cooperation is to take advantage of financial resources, management capacity, human resources and technology transfer from leading corporations in the world. In addition to business investment activities, T&T Group's 30-year development journey has always been associated with social responsibility activities, gratitude, and gratitude to ancestors... In particular, T&T Group is honored and proud to be assigned by the leaders of the Party, State and Nghe An province to survey, research, plan, design and build a plan to preserve, restore and promote the value of the special national relic site of President Ho Chi Minh Memorial Site in Nam Dan, Nghe An. Most recently, on November 28, 2023, the People's Committee of Nghe An province and T&T Group held a groundbreaking ceremony for the Cultural Tourism Area project and the 9-storey Waterfall project at the tomb of Mrs. Hoang Thi Loan in Nam Dan, Nghe An, an important event to implement the Plan for conservation, restoration and promotion of the value of the special national relic site of President Ho Chi Minh Memorial Site approved by the Prime Minister. In addition, with its reputation, T&T Group was assigned by Quang Tri province to survey, plan and implement the construction of Quang Tri airport with the desire to create a driving force for development for this locality in the future. Also in the sacred land soaked in the blood of heroic martyrs who died for the independence and freedom of the Fatherland, T&T Group was honored to sponsor the construction of lighting and sound systems at Truong Son National Martyrs' Cemetery, Quang Tri Ancient Citadel Special National Monument and Hien Luong - Ben Hai River Delta Special National Monument.

Recently, Nghe An Provincial People's Committee and T&T Group started two projects under the Plan to preserve, restore and promote the value of President Ho Chi Minh Memorial Site in Nam Dan, Nghe An.

Sharing social responsibility, every year T&T Group has spent hundreds of billions of VND to support and help alleviate difficulties for the poor and people affected by natural disasters; providing large financial support to build thousands of gratitude houses and solidarity houses for the poor and people with revolutionary contributions; building schools and awarding scholarships to poor students to sow seeds and light up dreams for future generations; supporting Vietnamese Heroic Mothers, renovating and embellishing historical and cultural works across the country... Most typically, during the outbreak of the COVID-19 pandemic, T&T Group, SHB Bank and businesses in the ecosystem have supported epidemic prevention efforts with more than 1,500 billion VND. T&T Group is also known as the "leading flag" in socialization and sports development. T&T Group's Hanoi Football Club has always contributed many key players to the Vietnamese national teams, contributing to the glory of national football. In addition, the Group has also sponsored and supported the promotion of sports movements in many localities such as Thai Nguyen, Can Tho, Bac Giang, Quang Nam, Da Nang, etc. T&T Group has also devoted its heart and soul to investing in table tennis with the desire that this sport of Vietnam will reach the continental level. Mai Ngoc and Anh Hoang, two athletes of the Hanoi T&T Table Tennis Club, brought glory to the Fatherland, "quenching the thirst for gold" after 26 years for Vietnamese table tennis in the mixed doubles event when they won the Gold Medal at the 32nd SEA Games.

Hanoi Football Club always contributes many key players to the Vietnamese national teams, contributing to the glory of the country's football.

In recognition of the contributions and achievements that T&T Group has made over the past 30 years, leaders of the Party, the State, all levels, sectors and localities have awarded many noble titles and awards to T&T Group. The Group has been awarded the Third Class Labor Medal, the Second Class Labor Medal, and the First Class Labor Medal three times. The Founder and Chairman of the Group's Strategy Committee, Mr. Do Quang Hien, has been honored to be one of the few businessmen in the private sector to be awarded the First, Second and Third Class Labor Medals. Businessman Do Quang Hien also contributes to the common development by participating in many state and business community organizations such as the Vietnam Fatherland Front Committee, Vietnam Federation of Industry and Commerce (VCCI), Vietnam Association of Small and Medium Enterprises, Hanoi Association of Small and Medium Enterprises... He was honored as an Outstanding Citizen of the Capital in 2018, received the Bach Thai Buoi Award - Vietnamese Entrepreneur of the 21st Century, and was honored as an Asian Entrepreneur in 2017.

Mr. Do Quang Hien, Founder and Chairman of the Strategy Committee of T&T Group, is honored to be one of the few businessmen in the private economic sector to be awarded the First, Second and Third Class Labor Medals .

The proud 30-year development journey has laid a solid foundation for T&T Group to become one of the leading multi-industry private economic groups in Vietnam. With core cultural values ​​summarized in 6 words "PURE HEART - ACHIEVEMENT - GOODNESS", T&T Group's development strategy in the next 30 years is to continue to make continuous efforts with the spirit of national pride, dedication and aspiration to lead, maintain its position and reach out to the region, creating a national brand on the international map for a strong and prosperous Vietnam./.

T&T Group


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