TTC Land Reshuffles Leadership, Expands into Industrial Real Estate

Pursuing its 2025 roadmap and 2030 vision, TTC Land (Real Estate Joint Stock Company Saigon Thuong Tin; stock code: SCR) will not only focus on developing civil real estate projects but also leverage experienced human resources with deep understanding of the market, prioritizing the development of industrial real estate and logistics real estate. This is expected to create synergies for TTC Land to enjoy stable and sustainable growth in the future, subject to favorable market conditions and viable opportunities.

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TTC Land has recently announced that the changes in its top-level management aim to enhance its workforce with strengths that align with both its vision 2024 and future development strategy.

Specifically, by 2030, TTC Land plans to expand into industrial and warehouse real estate in the Southern market. This move is expected to provide a solid foundation for the company’s continued expansion and sustainable growth, especially in light of the growing interest in Vietnam as a new manufacturing destination.

Explaining the reasons behind the upcoming management changes, Ms. Huynh Bich Ngoc emphasized that despite her 45 years of business experience, she continuously seeks new knowledge and embraces innovation. She particularly values the creativity, passion, and perspectives of younger professionals.

“Every company goes through periods of transition, with their own unique opportunities and challenges. To achieve TTC Land’s new strategic goals, including the potential expansion into industrial and warehouse real estate, I believe it’s crucial to prioritize experienced professionals with deep market knowledge for management and operations. Of course, as Executive Vice Chairman and General Director of TTC Group, I will continue to support the new leadership team with a broader perspective,” she affirmed.

In the resolutions regarding the dismissal, alteration in the number of members, and election of additional Board of Directors, to be presented at the 2023 Annual General Meeting of Shareholders, TTC Land proposes to reduce the number of Board members from 6 to 5. The company has nominated Mr. Le Quang Vu and Mr. Pham Trung Kien as candidates for the two new Board member positions.

Thus, the 2023 Annual General Meeting of Shareholders of TTC Land will elect two additional Board members, who will join the three existing members: Mr. Dang Hong Anh, currently Vice Chairman of the Board; Mr. Vo Quoc Khanh, Board Member and General Director; and Mr. Nguyen Thanh Chuong, Independent Board Member.

Mr. Nguyen Thanh Chuong – Independent Board Member of TTC Land.

In addition to the Board of Directors and newly nominated candidates, TTC Land announced the appointment of Ms. Dinh Thi Ngoc Trang as Deputy General Director, effective March 6, 2024. Previously, on February 5, 2024, TTC Land appointed Mr. Vo Thanh Lam as its Deputy General Director.

In line with its 2024 strategy, TTC Land will focus on sales and research for key projects such as TTC Plaza Da Nang, Panomax River Villas, and Selavia Phu Quoc.