Services
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On August 1, 2024, Legendary Venture Fund 1, a Singapore-based investment fund, reported purchasing an additional 5,700,000 SBT shares, equivalent to 0.77% of the voting rights. This brings their total holdings to 122,010,033 shares, or 16.48% of the voting rights. Prior to this, in July 2024, the fund had already increased its stake in SBT by buying 32.45 million and 28.35 million shares in two separate transactions on July 19 and July 22, respectively.
Legendary Venture Fund 1 specializes in investing in high-potential businesses across Asia. They identify investment opportunities by assessing the intrinsic value and sustainable development strategies of enterprises. The fund prioritizes large-cap listed companies with sustainable business growth and a strong focus on environmental, social, and governance (ESG) factors.
Chairman of TTC AgriS (SBT) Emphasizes “Green” Business Philosophy and Targets 60,000 Billion VND in Revenue
Commenting on the foreign fund’s continuous increase in ownership of SBT shares, Ms. Đặng Huỳnh Ức My, Chairman of the Board of Directors of TTC AgriS, shared: “In the context of the current global economic trends, TTC AgriS is open to collaboration with foreign investors who share our vision, business strategy, and especially have experience in the field of ESG. We believe that the partnership with foreign partners will help TTC AgriS expand its scale of operations and enhance its competitiveness in the international market. This is also an important step, marking our commitment to bringing sustainable value to shareholders and contributing positively to the development of Vietnam’s agriculture industry.”
 Chairman of the Board of Directors, Ms. Đặng Huỳnh Ức My, continuously establishes strategic relationships for TTC AgriS in governance and “green” capital, aiming for a target of 60,000 billion VND by 2030
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TTC AgriS Announces Outstanding Business Results, Affirming Its Sustainable Competence
According to the recently published business results for the 2023-2024 fiscal year, TTC AgriS demonstrated its sustainable growth capacity with consumption volume surpassing one million tons. The company achieved remarkable milestones, with net revenue and pre-tax profit reaching record highs, far exceeding the annual plan. Specifically, cumulative net revenue reached 29,035 billion VND, a 17% increase compared to the previous fiscal year and a 41% surplus over the annual plan. Pre-tax profit neared 906 billion VND, reflecting a 26% growth rate year-on-year and surpassing the plan by 7%.
 TTC AgriS’s consistent revenue growth across fiscal years, with a target of 60,000 billion VND in revenue by 2030
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In the fourth quarter of the fiscal year alone, net revenue witnessed a 40% surge compared to the previous quarter, reaching 9,490 billion VND. Pre-tax profit also displayed robust growth, increasing by 67% and contributing over 224 billion VND to the annual profit. Notably, net profit amounted to nearly 214 billion VND, almost triple that of the previous quarter.
As of June 30, 2024, TTC AgriS continued to expand its scale, with total assets growing by over 14% from the beginning of the fiscal year to reach 34,077 billion VND, reaffirming the company’s robust financial potential. The current ratio, an indicator of short-term financial health, improved to 1.23, up from 1.16 in the previous fiscal year. The company also aims to restructure its finances to ensure a robust financial statement and align with its sustainable development strategy.
TTC AgriS is a pioneer in Vietnam when it comes to upgrading and standardizing its enterprise management system based on sustainable development principles, integrating ESG criteria into all aspects of governance, production, and business operations. Through its efforts to enhance its governance framework to meet stringent international standards, the company has become an attractive investment destination for foreign investors seeking opportunities in Vietnam.
The Advantages of Saint-Gobain in the “Green Racing” Track
Pioneering early investments in the production and supply of lightweight, sustainable construction materials, Saint-Gobain has achieved success and is ready to expand its ecosystem of these solutions to meet the potential market demand in Vietnam.
Adapting to the trend, ITL is ready to take off.
Being attuned to global logistics trends is one of the secrets that helps ITL stay on track and shorten the journey towards our goals.
Vietjet Air achieves revenue of 62.5 trillion VND in 2023, cash surplus doubles
Last year, Vietjet safely operated 133,000 flights, transporting 25.3 million passengers (excluding Vietjet Thailand), including over 7.6 million international travelers, marking a remarkable 183% increase compared to 2022.
