According to the latest information from Ho Chi Minh City Social Insurance, as of April 30, 2024, Trung Nam Construction Investment Joint Stock Company (Trung Nam Group) owes four months’ worth of insurance for its employees.
Notably, the Khanh Hoa Customs Department recently sent a notice to the Exit and Entry Management Department – Ministry of Public Security, requesting a temporary suspension of exit for Mr. Nguyen Tam Thinh, Chairman of the Board of Directors of Trung Nam Group.
This is due to the company’s overdue debt of over VND 21 billion at the Ninh Thuan Customs Branch – Khanh Hoa Customs Department, for which the company is currently subject to coercive measures by the customs authority, including the suspension of customs procedures for imported and exported goods.
Established in 2004, Trung Nam Group is a diversified conglomerate with a focus on two key sectors: energy and real estate. The group is led by two entrepreneurs, Mr. Nguyen Tam Thinh (1973), Chairman of the Board, and Mr. Nguyen Tam Tien (1967), General Director.
Mr. Nguyen Tam Thinh, Chairman of Trung Nam Group
Trung Nam Group is the investor in numerous solar and wind power projects, with a total designed capacity of 1,492.2 MW and an output of over 4 billion kWh. Most of the group’s energy projects were completed in 2021. In addition, the group has three hydropower projects with a total capacity of 118 MW and an output of 435 million kWh.
Some of the group’s largest renewable energy projects include the Ea Nam Wind Power Plant with an estimated output of 1.1 billion kWh per year, the 220/500kV Transformer Station and Transmission Line combined with the Trung Nam Thuan Nam 450MW Solar Power Plant, the Trung Nam Solar Power Plant, the Trung Nam Wind Power Project, the Trung Nam Tra Vinh Solar Power Plant, the Dong Hai 1 – Tra Vinh Wind Power Project, and the Wind Power Plant No. 5.
In the real estate sector, Trung Nam Group also holds notable projects such as the Binh Tien Tourist Area (located in Cong Hai commune, Thuan Bac district, Ninh Thuan province), the super project Golden Hills and the DITP Building in Danang, and the Golf Valley Dalat project.
Among these, the Binh Tien Tourist Area project is invested by Binh Tien Investment and Tourism Joint Stock Company (Binh Tien Company). It is known that in April 2024, Trung Nam Group pledged 1,661,286 shares of Binh Tien Company (accounting for 98.46% of its charter capital) to VNDirect Securities.
