From a 32m2 house to the “empire” of Thai Hung
Thai Hung Trading Joint Stock Company (Thai Hung Company) is the predecessor of Thai Hung Metal Service Private Enterprise, which has been involved in steel business since 1993, established by entrepreneur couple Nguyen Quoc Thai and Nguyen Thi Cai.
The three main business areas of Cai’s wife company are production (steel blanks, steel formwork, timber processing, structures, construction), trading (construction steel, steel blanks, metal scrap, cultural books, timber trading), and services (transportation, hotels, restaurants…). Among them, the first two sectors are more prominent.
In Thai Hung, Nguyen Quoc Thai serves as Chairman of the Board of Directors and Nguyen Thi Cai is the CEO until 2015, then transferring the roles to their children.According to the profile on the Thai Hung website, currently, Nguyen Van Tuan (Cai’s son) is the Chairman of the Board of Directors, while Nguyen Thi Vinh (Cai’s daughter) is a member of the Board of Directors and the CEO.Many other children of Nguyen Quoc Thai and Nguyen Thi Cai also hold important positions in the Thai Hung leadership.
Ms. Nguyen Thi Cai – Former Vice Chairman of the Board of Directors, Former CEO, Founding Member of Thai Hung. Photo: Thai Hung
Female entrepreneur Nguyen Thi Cai is known as the “steel woman” who has the ability to shake the market in “steel land” Thai Nguyen.
Under the management and astute leadership of Director Nguyen Thi Cai, after many years of operation, the company has grown rapidly from a small company with 9 employees and a 32m2 house serving as a warehouse.
The Cai family company has risen to become a “big player” in the steel industry as a major supplier of inputs for famous steel mills such as Thai Nguyen Iron and Steel Joint Stock Corporation, Vietnam Italy Steel Joint Stock Company, NatSteelVina Company (a joint venture between NatSteel Group – Singapore and Vietnam Steel Corporation, with a factory in Thai Nguyen), Australian Steel SSE Company (Hai Phong), and VSC-POSCO Steel Company (VPS, Vietnamese-Korean Steel, a joint venture between Vietnam Steel Corporation and POSCO Group of South Korea, in Hai Phong)…
In addition, the company is also a major shareholder in Thai Nguyen Iron and Steel Company (Tisco, Stock Code: TIS). According to Tisco’s 2023 management report, as of December 31, 2023, Thai Hung holds 36.8 million TIS shares, equivalent to 20% of the capital.
In addition, Le Hong Khue (son-in-law of Nguyen Thi Cai) and Le Thanh Thuc – both individuals authorized by Thai Hung, are currently members of the Board of Directors of Tisco.
