Tien Son Thanh Hoa Group Building is located at 1A Le Loi Avenue, Hac Thanh Ward, Thanh Hoa Province.
The person who created the growth of Tien Son Thanh Hoa Group is businessman - war invalid, veteran Trinh Xuan Lam, Party Secretary, Chairman of the Board of Directors of the Group. "No business, no wealth" - starting from the scrap trading business, then moving to the transportation business, loading and unloading goods, opening a paper cutting and lining workshop, binding school books... with a determined working style, strategic thinking and the spirit of "dare to think, dare to do", Mr. Trinh Xuan Lam established the enterprise and led Tien Son Thanh Hoa to overcome many challenges of the market economy , gradually building a brand with his own production organization capacity and real business efficiency.
Businessman - war invalid, veteran Trinh Xuan Lam, Party Secretary, Chairman of the Board of Directors of Tien Son Thanh Hoa Group
Steadfast in hardship, courageous in the face of challenges
The period 1995-2005 was the journey of laying the foundation, persistently finding directions, establishing key production and business sectors. From small-scale business, after 5 years, Tien Son Thanh Hoa's revenue increased 140 times, budget contribution increased nearly 19 times, number of employees increased more than 5 times. Notably, in 2002, the company invested in an export wood handicraft factory, with output reaching 150,000 products/year, export value of more than 1 million USD/year - an impressive number in the context of a young private enterprise. That was an important test step, creating a foundation for Tien Son Thanh Hoa to confidently enter the breakthrough stage.
From 2006 to now, Tien Son Thanh Hoa has entered a period of strong development, expanding its scale, investing in depth and gradually affirming its brand. The decisive strategic turning point is choosing the export industrial garment industry as the main production sector. This is also a direction suitable for the socio-economic characteristics of Thanh Hoa province, creating many sustainable jobs for ordinary workers, especially rural youth. The success of the first garment factory creates momentum and momentum for bigger decisions: Tien Son Thanh Hoa Group has at least 10 garment factories!
Over the past 30 years, Tien Son Thanh Hoa Group has spent more than 30 billion VND implementing meaningful social security programs.
To concretize the determination of the group's leader at the 15th anniversary celebration, a series of new factories were invested in and built in: Thach Thanh, Nga Son, Yen Dinh, Tho Xuan, Nhu Thanh, Trieu Son... Up to now, Tien Son Thanh Hoa has built 13 export garment factories, 2 hotels, 1 commercial building with a total investment of nearly 3,000 billion VND, creating jobs for more than 10,000 workers, most of whom are children of veterans, policy families, and poor households. This is a model of private economic development associated with social goals and community responsibility, clearly demonstrating the philosophy of "leaving agriculture but not leaving home", bringing jobs to rural areas, contributing to stabilizing the population, promoting regional development. In the context of the COVID-19 pandemic and the global economic downturn of 2019-2023, many businesses have reduced production and cut investment, but Tien Son has maintained its growth pace, continued to expand factories, purchase equipment, and diversify its industries.
In December 2020, Tien Son Group's AAT shares were approved for listing and officially traded on the Ho Chi Minh City Stock Exchange on March 21, 2021. The listing of shares on the largest exchange in the country affirms Tien Son's financial potential, transparent governance and market reputation. Not only stopping at garment production, the group has also expanded to industrial real estate investment, developing Vinh Hoa Industrial Cluster (60ha), Hau Loc factory (8.2ha), preparing to invest in a factory in Tuong Linh (Nong Cong) and researching the Kim Son National Scenic Area Project with a total capital of nearly 900 billion VND.
Tien Son Thanh Hoa Group becomes the official distributor of two famous car brands in the world: Skoda, Omoda & Jaecoo.
In 2024, the group will expand its operations into the automobile business by becoming the official distributor of two famous car brands in the world, Skoda and Omoda & Jaecoo. These investment orientations show the group's long-term vision in shifting its strategy from traditional production to a large-scale industrial production - service - tourism - real estate model, in line with the development trend of the market economy.
Along with economic development, Tien Son Thanh Hoa pays special attention to taking care of the lives of workers - the force that directly contributes to the growth of the enterprise. The Group ensures full salary, insurance, diligence bonus, 13th and 14th month bonus; provides free shift meals; organizes periodic health check-ups; maintains annual vacation activities; supports workers when facing unexpected difficulties. The average income of workers in 2025 will reach 11.6 million VND/month. This is a sustainable value, demonstrating the spirit of "taking workers as the center of development". Regarding political and mass organization work, Tien Son is one of the private enterprises that early built a model of the Enterprise Party Committee (since 2003). The Party Committee with nearly 100 members always plays the role of guiding, leading, ensuring that production and business activities go in the right direction, comply with the law, and promote social responsibility.
Tien Son Thanh Hoa Group always cares for the lives and protects the rights of workers, creating a safe and healthy working environment.
Effective business operations, social security programs, and community service are special highlights in the 30-year journey of Tien Son Group. The Group has taken care of 7 martyrs' mothers and Vietnamese Heroic Mothers for life; built 47 gratitude houses; given hundreds of savings books to the poor, and thousands of Tet gifts; supported COVID-19 prevention and control with an amount of 2.5 billion VND; sponsored 172 iron beds for Truong Sa soldiers; supported the scholarship and talent promotion fund... with a total value of more than 30 billion VND - a number that clearly demonstrates the humanitarian spirit and community responsibility of a major brand.
Increase investment, proactively expand market
Entering the 2025-2030 period, Tien Son Thanh Hoa sets the goal of in-depth development, considering technology and digital transformation as key driving forces, constantly improving productivity and quality; shifting from processing model to FOB production; expanding the industrial real estate sector; developing the supply chain of raw materials; investing in high-tech production and assembly chains; trading and eco-tourism. The Group sets a target of average revenue of 1,000 billion VND/year, creating jobs for 10,000 workers, average income of 13.5 million VND/person/month, profit increasing by at least 7%/year.
Tien Son Thanh Hoa Group invests and builds a system of 13 export garment factories throughout the province.
The growth of Tien Son Thanh Hoa over the past 30 years is not only a success story of a business, but also a vivid demonstration of innovative thinking, market spirit and practical contributions of the private economic sector to the development of Thanh Hoa province in particular and the country in general. With a solid foundation, strategic vision and aspirations to rise, Tien Son Thanh Hoa Group is entering a new phase with the mindset of a strong brand, ready to conquer new heights of development in the period of deep integration.
In recognition of its contributions over the past 30 years, Tien Son Thanh Hoa Group and Chairman of the Board of Directors Trinh Xuan Lam were honored to receive many noble titles and awards from the Party, State, ministries, and branches in the Central and Thanh Hoa province: 1. Collective: First, Second, Third Class Labor Medals; Emulation Flag of the Government; Certificate of Merit of the Prime Minister; 20 emulation flags and 35 certificates of merit of central and provincial departments, ministries and branches; many international cups and medals. 2. Chairman of the Board of Directors Trinh Xuan Lam personally: First, Second, Third Class Labor Medals; Third Class Liberation Feat Medal; Third Class Glorious Soldier Medal and 40 certificates of merit from central and provincial departments, ministries and branches; many awards honoring ASEAN businessmen and typical businessmen of Thanh Hoa. Total awards from the group's senior leaders and individuals over the past 30 years: 8 medals, 20 emulation flags, 205 certificates of merit, and 180 cups, certificates, and medals. |
Article and photos: Nguyen Luong
Source: https://baothanhhoa.vn/ky-niem-30-nam-thanh-lap-cong-ty-cp-tap-doan-tien-son-thanh-hoa-28-11-1995-28-11-2025-hanh-trinh-kien-tao-gia-tri-ket-noi-vuon-xa-269545.htm
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