On December 9th, the CIC Group’s Board of Directors announced a leadership change, appointing Mr. Nguyễn Xuân Dũng as the new Chairman of the Board for the 2021–2026 term, effective from December 10, 2025. This decision follows the resignation of Mr. Trần Thọ Thắng (born in 1965) as Chairman, in accordance with his personal wishes.
Over his 30-year tenure, Mr. Thắng played a pivotal role in transforming CIC Group from a modest enterprise into a robust ecosystem with stable financial capabilities, a mature workforce, and a diverse project portfolio spanning key regions in An Giang Province (formerly Kien Giang).
The leadership transition was meticulously planned to ensure a seamless handover, allowing the new generation of leaders to build upon existing achievements and strategic directions. Mr. Thắng will remain on the Board of Directors, contributing his expertise and strategic advice to CIC Group’s future development.
Mr. Nguyễn Xuân Dũng, the largest shareholder with a 9.62% stake in CIC Group, brings extensive leadership experience and a deep understanding of the company’s culture and sustainable development philosophy. His modern strategic vision positions him as a key figure in driving CIC Group’s future growth.
In an official statement, CIC Group emphasized, “Under the new Chairman’s leadership, CIC Group will continue to execute existing projects, expand its operational footprint, enhance corporate governance to public company standards, ensure transparency with shareholders, accelerate digital transformation, and forge strategic partnerships to boost competitiveness.”
Outlining the future direction, Mr. Dũng highlighted four core pillars: First, completing legal formalities and accelerating key projects in Rach Gia, Phu Quoc Special Economic Zone, and the expanded Ho Chi Minh City area. Second, elevating corporate governance to public company standards, ensuring transparency, and protecting shareholder interests. Third, vigorously promoting digital transformation in project management, finance, and customer care. Fourth, expanding strategic partnerships to enhance resources and optimize investment efficiency.
Mr. Dũng further stressed, “CIC Group will focus on three strategic regions: Rach Gia, our traditional market and revenue pillar; Phu Quoc Special Economic Zone, where we develop unique high-value commercial and tourism products; and the Ho Chi Minh City region along with southern provinces, targeting urban development, social housing, and commercial services.”
In recent years, alongside strengthening key personnel, CIC Group has made significant strides in preparing financial resources and seeking partnerships to launch future real estate projects. These efforts align with the anticipated economic recovery and the real estate market’s return to an expansionary cycle.
Several projects are in the pipeline, with CIC Group finalizing investment procedures, land compensation, and clearance, poised for upcoming business deployment.
Notably, in June 2025, CIC Group completed a capital increase from VND 952.59 billion to VND 1,618.08 billion by issuing 19 million dividend shares and offering over 47 million shares to existing shareholders. This capital injection aims to strengthen financial capacity for future projects. The State Securities Commission approved raising the foreign ownership limit to 49%, opening doors to foreign investment. With Vietnam’s anticipated market upgrade in September 2026, CIC Group is well-positioned to attract significant foreign capital.
In the Phu Quoc Special Economic Zone, CIC Group is ready to launch two fully legalized and infrastructure-ready projects: Búng Gội (68,152.7 m²) and Rivera Villas (40,446.3 m²). Leveraging the momentum from Phu Quoc hosting the APEC 2027 Summit, sales will commence as the real estate market on the island gains traction.
CIC Group Appoints New Chairman
Following a comprehensive organizational restructuring, the position of Chairman of the Board of Directors at CIC Group Joint Stock Company (CIC Group, HOSE: CKG) has transitioned from Mr. Trần Thọ Thắng to Mr. Nguyễn Xuân Dũng.
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