THANH THANH CONG INVESTMENT JOINT STOCK COMPANY: A Diversified Powerhouse in Vietnam’s Business Landscape

THANH THANH CONG INVESTMENT JOINT STOCK COMPANY, known more widely by its abbreviation TTC, stands as a pillar of Vietnam’s multi-sector economy. Registered under business ID and tax code 0301466073, TTC has steadily evolved into a premier holding and investment company headquartered at No. 253 Hoang Van Thu Street, Ward 2, Tan Binh District, Ho Chi Minh City.

Legal Structure and Group Overview

Founded on July 25, 2007, TTC is a privately held joint stock company with a charter capital of USD 123.25 million, which is fully paid up as of 2023. Its legal registration is managed by the Ho Chi Minh City Department of Planning and Investment. The company operates as a holding entity under the TTC Group, overseeing a dynamic portfolio across agriculture, energy, real estate, tourism, education, and industrial infrastructure.

TTC’s presence extends well beyond its Ho Chi Minh headquarters, with operational branches in Khanh Hoa and Binh Duong, anchoring its reach in both coastal and industrial provinces of Vietnam.

Leadership and Governance

TTC is under the leadership of a family-led Vietnamese board that blends continuity with strategic vision:

• Mr. Dang Van Thanh – Chairman

• Mr. Dang Hong Anh – Deputy Chairman

• Ms. Huynh Bich Ngoc – General Director

The principal shareholders further affirm this close-knit governance, with Ms. Ngoc holding a majority 55.31% stake, followed by family members Dang Huynh Ucmy, Dang Hong Anh, and Dang Van Thanh, collectively securing near-total ownership.

Financial Performance: Solid and Strategic

TTC’s 2023 financials demonstrate both stability and renewed growth momentum:

• Total assets surged to USD 402.31 million, a 15.54% increase year-over-year.

• Revenue climbed to USD 211.92 million, rebounding after a slight dip in 2022 with a 12.62% gain.

• Net profit stood at USD 4.3 million, showing modest improvement over the previous year.

• Owner’s equity remained strong at USD 155.13 million, reflecting the group’s sustained capital base.

What stands out in 2023 is TTC’s working capital leap to USD 11.14 million, a massive 1,583.64% growth, positioning the company to pursue further acquisitions and capital-intensive ventures.

Sectoral Reach and Activities

While formally registered as a holding company, TTC’s scope is among the broadest in Vietnam. Its portfolio includes:

• Sugar production, food processing, and beverages

• Renewable energy and power generation

• Residential and industrial real estate projects

• Tourism services and hospitality

• Educational institutions and training

This diversified model has allowed TTC to hedge sectoral risks while capitalizing on Vietnam’s fast-growing domestic market.