Trungnam SMC: A Stride Towards Ascendancy

Over a decade of relentless growth since its inception, Central Southern Machinery Corporation (Trungnam SMC) has achieved another milestone by securing the 16th position in the FAST500 rankings for 2024.

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This is a significant milestone in Trungnam SMC’s journey to affirm its position in the Vietnamese and international markets. 

In the context of the economy shifting towards a “green economy” and circular economy for sustainable development, Trungnam SMC has quickly set the goal of both developing its business activities and contributing to maintaining and protecting the environment. With specific development strategies based on the set goals, Trungnam SMC has made significant contributions and left its mark on the renewable energy and green energy industry with national and Southeast Asian-scale projects.

Starting as a purely mechanical unit, specializing in leasing construction equipment and managing construction machinery for hydropower and infrastructure projects. After more than 10 years of construction and development, Trungnam SMC is now one of the leading prestigious and quality enterprises in the field of construction and installation of large-scale projects in renewable energy (especially wind power), industry, infrastructure; oversized and overweight transportation and leasing of heavy lifting equipment.

With a sustainable development strategy, Trungnam SMC has affirmed its position in the field of construction and installation of energy, infrastructure, industrial projects, etc.

The period from 2020 – 2023 is considered an important milestone marking the strong development of Trungnam SMC when achieving a leapfrog growth rate with revenue in 2021 reaching up to VND 2,668 billion, reaching a growth rate of up to 450% year-on-year. compared to 2020. Despite having to endure the considerable impacts of the Covid-19 pandemic and the economic recession after the pandemic, Trungnam SMC has still demonstrated its superior capacity as evidenced by its revenue and profit growth year on year. year.

Especially in 2023, with many challenges stemming from the global economic and political situation being a major barrier for many domestic and foreign enterprises, the renewable energy industry landscape is full of “turmoil”, Trungnam SMC has also been significantly affected by difficulties. common market. Overcoming those adversities, Trungnam SMC still recorded a 13% increase in revenue compared to the same period in 2022. These are the proud efforts of the Board of Directors and employees of Trungnam SMC.

Chart of Trungnam SMC’s revenue growth in the period 2020 – 2023.

The milestone of 2023 is considered an important milestone marking the transition of Trungnam SMC to a new stage. With its scale constantly expanding, Trungnam SMC is gradually shifting towards diversifying its business lines by actively participating in the oversized and overweight transportation industry, which is a specialized industry requiring strict requirements according to international standards.

In 2023, Trungnam SMC was honored to receive many prestigious domestic and international awards such as “Top 5 Asia – Pacific Exemplary Brands 2023” and “Top 5 Exemplary Products – Services Asia – Pacific 2023” organized by Asia Magazine – Pacific Economics. In particular, Trungnam SMC has officially entered the “Top 50 world’s leading heavy transport companies – IC50 Transport” rankings for the 19th time as announced in the August 2023 issue of International Cranes and Specialized Transport magazine.

Trungnam SMC is honored to reach 49th place in the IC Transport 50 rankings in 2023.

With impressive business results and sustainable development prospects, Trungnam SMC has ranked 16th in the “Top 500 Fastest Growing Enterprises in Vietnam 2024 – FAST 500”. In the current volatile economic situation, these are the “sweet fruits” for the tireless efforts of the entire Trungnam SMC team.

On the next development journey, Trungnam SMC will focus on leveraging its accumulated strengths, increasing its competitive advantage and a clear and consistent development strategy in order to continuously grow and break through to match the position of a solid business. reputable in the market, contributing to the overall development of the country’s economy.

SOURCEcafef
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