In his resignation letter, Mr. Tran Gia Nguyen Tri cited personal reasons and proposed his resignation effective December 31st. Notably, Mr. Tri submitted his resignation just over two months after assuming his position.
Rewinding to September 26th, Mr. Tri was appointed by the CDC Construction Shareholders’ Meeting as a Board Member for the 2021-2026 term, replacing Mr. Le Van Quang, who had been dismissed. The following day, Mr. Tri was appointed as Vice Chairman of the Board.
In a post welcoming his appointment, CCC expressed hope that Mr. Michael Tran would bring about breakthroughs in management capabilities, contributing to elevating the company’s position and driving robust and sustainable growth for CDC Construction in the future. At that time, Mr. Michael Tran also pledged to work with CCC to realize its strategic vision and propel the company to new heights.
Born in 1970 in Quang Ngai, Mr. Michael Tran currently holds Vietnamese citizenship but previously held Australian citizenship. According to VietstockFinance, Mr. Michael Tran spent many years working in Sydney (1994-2009) before returning to Vietnam and consistently operating in the construction sector. His experience includes roles at Project Management & Construction Consulting Company (2009-2012), Hoa Binh Construction Group (2013-2020), Coteccons Construction (2020-2021), Thien Huong & Industrial Park Group (2021-2023), and IvyBuild (from 2023) before joining CDC Construction, only to resign shortly after.
Mr. Tran Gia Nguyen Tri (Michael Tran) speaking at the appointment announcement ceremony on September 27, 2025 – Photo: CDC Construction
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As for CCC, the construction company generated over VND 585 billion in net revenue in Q3/2025, a 35% increase compared to the same period last year. The primary contributor to the revenue structure remains construction activities (87%), with a small portion from goods sales and service provision.
However, rising costs resulted in a modest 7% increase in net profit, reaching nearly VND 10 billion. In the first nine months of the year, CCC’s net profit amounted to nearly VND 21 billion, a slight 3% increase compared to the same period last year.
Despite business growth, CCC’s stock price has been consistently “bottom-fishing” recently. Currently, CCC’s stock price has dropped to VND 12,550 per share (as of the December 9th closing session), representing a 31% decline since the beginning of the year, with average liquidity of nearly 72,000 shares per day.
| CCC’s stock price has been consistently “bottom-fishing” recently |
– 10:23 10/12/2025
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