The Industrialist Empress

## Au Lac and Banking

Au Lac Corporation (ALC), founded in 2002 by the entrepreneurial couple, Rosie Ngo and Nguyen Duc Hinh, has made its mark in the domestic and international marine petroleum transportation industry. With a current fleet of eight oil tankers, the company boasts international standard management and operational capabilities, having undergone inspections by major shipping companies such as Shell, Exxon, Mobile, and PetroChina.

By the end of 2024, Au Lac’s total assets stood at nearly VND 2,300 billion, with cumulative profits reaching close to VND 515 billion.

## Au Lac’s Financials:

### Total Assets and Liabilities:

### Net Revenue and Net Profit:

Au Lac made a name for itself in the financial world with its notable investments in two major banks, EIB and ACB. However, by the end of 2024, the company had divested its holdings in these banks, choosing instead to venture into the industrial park sector.

## The Industrial Park Empire:

Based in Ho Chi Minh City, the Vietnam Industrial Park Management and Services Joint Stock Company (KCN Vietnam) was established in May 2022, specializing in management consulting (excluding financial, accounting, and legal consulting). With a charter capital of VND 10 billion, the company is 90% owned by Nguyen Duc Hinh, husband of Rosie Ngo, while their children, Nguyen Thien Huong Jenny and Nguyen Duc Hieu Johnny, hold 5% each. Jenny, born in 1995, serves as the company’s General Director and legal representative.

Despite its recent establishment, KCN Vietnam boasts an impressive portfolio of industrial park projects across Vietnam, including the Nhon Trach 6D, Ho Nai, Song Than, Nhon Trach 5, and Phu An Thanh industrial parks in the south, and the An Phat, Deep C, Tan Hung, Phuc Dien, and Thuan Thanh 3B industrial parks in the north. The company currently possesses over 300 hectares of land, spread across nine built-ready warehouse and factory projects nationwide.

### KCN Vietnam’s Board of Directors:

– Mr. Maurice Nguyen – Chairman of the Board, KCN Vietnam, and Chairman, Thien Huong Group.

– Mrs. Rosie Ngo – General Director, KCN Vietnam, and Chairman of the Board, Au Lac.

– Mr. Dao Nguyen – Board Member, KCN Vietnam, and Founder and CEO, DN Legal.

– Mr. Marco Civardi – Board Member, KCN Vietnam, CEO, JAS; former General Director, Maersk Vietnam, Cambodia, Myanmar, and Laos.

– Mr. Quoc Trinh – Board Member, KCN Vietnam, CEO and Investment Director, Thien Huong Group.

– Mrs. Tran Huynh – Board Member and CEO, KCN Vietnam.

In addition to KCN Vietnam, the entrepreneurial couple also founded the Vietnam Industrial Park Joint Stock Company in January 2021, focusing on real estate and land-use rights. With a charter capital of VND 20 billion, Duc Hieu Jonny holds 10%, while Hinh (Chairman and legal representative) owns 20%, and Thu (General Director and legal representative) holds 70%. In April 2021, the company increased its charter capital to VND 350 billion, with 90% owned by the foreign investor, KCN Vietnam Private Limited (based in Singapore).

By September 2021, with capital reaching VND 652 billion, KCN Vietnam Private Limited’s ownership increased to 94.6%. This percentage remained unchanged as capital further increased to VND 1,140 billion in October 2023.

The family has also established numerous other companies across Vietnam, including KCN Management Joint Stock Company, KCN Hanoi Joint Stock Company, KCN Ho Chi Minh City Joint Stock Company, KCN Binh Duong Joint Stock Company, KCN Bac Son Joint Stock Company, and many more, with several of these companies being founded between 2021 and 2024. Notably, their children hold a significant presence in the electronic gaming industry, fully owning multiple companies in this sector.

Thu Minh