T&T Group and the philosophy of resource resonance

The consistent strategy of T&T Group, according to the Group's founder, Mr. Do Quang Hien, is the spirit of learning, joining hands with many domestic and foreign partners to combine resources for large-scale projects, associated with the pillar areas of the economy.

T&T Group signed a strategic cooperation agreement with DB Group.

Strengthening internal strength The signing ceremony of the Cooperation Agreement on the Management and Operation of the Wyndham T&T Hai Duong Project in early April continued to lengthen the list of major real estate management corporations that have joined hands with T&T Group. With this agreement, T&T will bring to Hai Duong the first and only international 5-star hotel to date. Wyndham Hotels & Resorts Asia Pacific will provide professional, quality services, contributing to enhancing customer experience as well as increasing the competitive advantage of the Wyndham T&T Hai Duong Hotel. Overcoming the sluggish context of the real estate market, T&T Group continues to add partner brands to its ecosystem. Previously, T&T Group and Savills Vietnam signed a strategic cooperation agreement on the management and operation of project No. 2 - Pham Ngoc Thach. The luxury apartment project combined with a commercial center - service - office has clear legal status, located in the center of the city. Hanoi. In particular, following the sustainable development orientation of T&T Group, Savills Vietnam will research and provide operational solutions suitable for the project's characteristics, focusing on ESG criteria in management activities. Another name, Anabuki NL Housing Service Vietnam (under Anabuki Group), has been selected by T&T Group to manage the T&T City Millennia Commercial Area, Villas and Luxury Apartments project. With the goal of developing urban projects of international stature, raising the living standards of people in the southern area of Ho Chi Minh City and Long An, bringing "Japanese standard" operational standards to residents of the urban area. Up to now, T&T Group has launched many large-scale projects, such as T&T City Millennia (Long An), Project No. 2 - Pham Ngoc Thach, T&T DC Complex (Hanoi), T&T Pho Noi (Hung Yen), T&T Victoria (Nghe An), An Giang Commercial and Residential Complex (An Giang), T&T TAMDA (Vinh Long), Tam Nong Ecological Urban Area, Tourism, Resort and Golf Course (Phu Tho)... The low notes of the world and domestic economy seem to be the catalyst, promoting the philosophy of resonating resources of founder Do Quang Hien and his associates. Looking back, the enterprises with capital contributions from T&T Group are making great strides in their efforts to strengthen their internal strength through expanding their operating space and connecting with new partners. Notably, Saigon - Hanoi Commercial Joint Stock Bank (SHB) and Ayudhya Public Limited Bank (Krungsri) completed the transfer of 50% of capital at Saigon - Hanoi Commercial Joint Stock Bank Finance Company Limited (SHB Finance). Saigon - Hanoi Insurance Joint Stock Corporation (BSH) has a strategic shareholder, DB Insurance (DBI), belonging to DB Group Korea, owning 75% of BSH's charter capital. Not only in the fields of finance or real estate, the principle of synergy, especially with reputable international partners, is also strongly promoted by T&T in the energy field. The consortium T&T Group - SK E&S Company Limited (Korea) has officially raised the issue with the People's Committee of Quang Tri province to convert the Quang Tri 1 Coal-fired Thermal Power Project into an LNG Power Project. The project is expected to have a scale of 1,500 MW, with an investment capital of more than 55,000 billion VND (equivalent to about 2.5 billion USD). Along with requesting permission to conduct research and surveys to prepare a dossier requesting approval for the project investment policy, the consortium also proposed to invest in a central LNG warehouse in Hai An commune, Hai Lang district. The proposal of the consortium of T&T Group and SK E&S shows the Group's long-term and ambitious vision for the renewable energy sector when raising the issue of simultaneous investment from the LNG plant project to the warehouse infrastructure. Especially in the context of linking with the Hai Lang LNG project phase 1 being implemented with 3 foreign investors, T&T Group will almost completely own the LNG gas thermal power center in Quang Tri, if it completes the investment plan to convert Quang Tri coal thermal power to gas thermal power. Currently, the Hai Lang LNG gas power center project phase I has a total capacity of 1,500 MW, a total investment of nearly 54,000 billion VND, located in the area of 2 communes of Hai An and Hai Ba (Hai Lang district), in the energy complex of the Southeast Quang Tri economic zone. The project is implemented by a consortium of investors: T&T Group, Hanwha Energy Joint Stock Company, Korea Gas Corporation (KOGAS), and South Korea Electric Power Corporation (KOSPO). This is just one of many projects that T&T Group is pursuing to catch up with the world's green development trend. The project has great appeal to international financial institutions, of which Standard Chartered has committed to arrange a financial amount of up to 6 billion USD to finance green projects that T&T Group is implementing in Vietnam. Notably, this funding accounts for 75% of Standard Chartered's total funding commitment of 8 billion USD to support sustainable development projects for Vietnam. In addition to energy, T&T Group also made a strong mark in the logistics sector when it joined hands with YCH Group (Singapore) - the world's leading logistics group to develop the Vinh Phuc ICD Logistics Center project. The project has a scale of more than 83 hectares, a total investment of nearly 3,900 billion VND, and a designed capacity of customs clearance of about 530,000 TEU/year. This is the first "super port" of the smart logistics network in the ASEAN region, with the integrated function of a Distribution Center (DC) and an Inland Container Depot (ICD) to serve the provision of logistics services according to market demand. The center applies the world's leading modern IoT technology, using robots to automate warehouses, along with a modern electronic computer control system. Philosophy of resonating resources In the development roadmap of businesses in the T&T Group ecosystem, according to founder Do Quang Hien, SHB is looking for foreign partners, SHS is the same, there will be foreign strategic partners.

The philosophy of resonating resources is clearly demonstrated by T&T Group in most areas of operation such as green energy, transportation, logistics... when recent cooperation expansion plans have strong international elements and global development trends.

The word strategy here is emphasized by Mr. Hien, not implying that the Vietnamese side can sell at a high price, but the values that both sides can resonate with to go further, helping Vietnamese enterprises catch up and lead the regional and world trends. In addition to cooperating with international corporations, T&T Group also cooperates with large domestic corporations such as Vietnam Airlines, Vietnam Railways Corporation, Vietnam National Shipping Lines, Vietnam Oil and Gas Power Corporation - Joint Stock Company (PV Power), FPT Group ... to promote the full potential and advantages of each side, aiming at the goal of digital transformation and sustainable development, contributing to creating outstanding resonance values for enterprises and the Vietnamese economy. “After a period of rapid and strong development at the same pace as the opening of the Vietnamese economy, now is the time for our businesses to focus on governance, consolidating solid foundations, digital transformation and information technology, instead of emphasizing growth,” Mr. Hien shared. From a private enterprise established in 1993 with the main business line of importing and distributing electrical products of Matsushita Group with major brands such as Panasonic, National and Mitsubishi Heavy Industry Group, after more than 30 years of development, T&T Group has become a multi-industry private economic group, with a network of 200 member units, charter capital of more than VND 22,000 billion, 80,000 officers and employees, hundreds of thousands of shareholders and millions of customers. T&T Group also expanded its investment abroad by establishing member units in the US, Germany, Russia and Australia markets. The philosophy of resource resonance is clearly demonstrated by T&T Group in most areas of operation such as green energy, transportation, logistics... when recent cooperation expansion plans have strong international elements and global development trends. Even in many plans, focusing on the strategy of enhancing international cooperation has helped the Group mobilize financial resources, access management capacity, human resources and technology transfer from leading corporations. "After 30 years of development, we are still steadfast in the path of linking the interests of the enterprise with the development and progress of society, and the prosperity of the country", said businessman Do Quang Hien at the 30th Anniversary of T&T Group and receiving the First Class Labor Medal for the third time. It is worth mentioning that the philosophy of resource resonance of T&T Group is not only the presence of major domestic and foreign partners. Many times, when sharing about the Group's development journey that he called "never-ending", Mr. Hien mentioned the role, dedication and creativity of the staff, in addition to the support and assistance of the government, the cooperation of partners, investors, businesses and entrepreneurs at home and abroad. For him, this is extremely important because the scale and influence of the enterprise are increasing, the market is constantly changing, and it is the great challenge on the development path of the enterprise, then the change and adaptation from within, from each individual in the system is the foundation for the enterprise to firmly reach far... The journey has no end . 2024 has passed a quarter of the way. Although there are many positive signals, it will continue to be a year of testing for the Vietnamese business community and entrepreneurs. However, for the entire T&T Group team, not just Mr. Do Quang Hien, difficulties and ups and downs are not reasons to lose the will to do business. “Recognizing the law in investment and business is that there will be ups and downs so as not to be discouraged and always be in the mindset of finding opportunities, to do, to continue to contribute. Even difficulties are challenges to hone the entrepreneurial spirit, to become more mature each day, to be more calm and see the path ahead”, businessman Do Quang Hien shared. And above all, according to him, the competitive ability to create valuable products and solutions for society is the destination of the journey that he and T&T Group always pursue.

Orchid

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