At the 2025 Annual General Meeting held on the afternoon of May 17, Mr. Nguyen Quoc Cuong, CEO of Quoc Cuong Gia Lai Joint Stock Company, announced that this year marks the 30th anniversary of the company’s founding.
Mr. Cuong proposed to the General Meeting of Shareholders to change the company’s name to align with the province-city merger process and to facilitate investment cooperation with foreign organizations. He assured that the name change would not affect the company’s transactions.
For 2025, Quoc Cuong Gia Lai sets a business plan with a revenue target of VND 2,000 billion, a 2.7-fold increase compared to 2024. The expected profit is VND 300 billion, more than four times higher than the previous year.
On this occasion, Mr. Nguyen Quoc Cuong, in his capacity as CEO and son of the founding shareholder, Ms. Nguyen Thi Nhu Loan, together with all the company’s employees, expressed their gratitude to Ms. Loan for her contributions and sacrifices for Quoc Cuong Gia Lai.
Panorama of Quoc Cuong Gia Lai’s General Meeting of Shareholders
In the first quarter of 2025, Quoc Cuong Gia Lai recorded a sharp increase in revenue of 188% compared to the same period last year, amounting to VND 111 billion. Real estate revenue contributed VND 79.8 billion to the company during this quarter.
In response to shareholders’ inquiries, Mr. Nguyen Quoc Cuong shared that regarding the Bac Phuoc Kien Residential Area project (in Nha Be district, Ho Chi Minh City) with an area of nearly 92 hectares, the company is in the process of refunding VND 2,882.8 billion to Sunny Island Investment Joint Stock Company as ordered by the enforcement agency. Quoc Cuong Gia Lai is proposing to the enforcement agency to make the payment in installments over two years. “In the next 2-3 years, Quoc Cuong Gia Lai will have a positive cash flow and vibrant business operations,” affirmed Mr. Cuong.
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