T&T Group and the philosophy of synergizing resources.

According to the founder, Mr. Do Quang Hien, T&T Group 's overarching strategy is to be proactive and collaborate with numerous domestic and international partners to pool resources for large-scale projects linked to key sectors of the economy.

T&T Group signs strategic cooperation agreement with DB Group.

Strengthening Internal Capabilities: The signing ceremony of the cooperation agreement for the management and operation of the Wyndham T&T Hai Duong project in early April further extended the list of major real estate management corporations that have partnered with T&T Group. With this agreement, T&T will bring to Hai Duong the first and only international 5-star hotel to date. Wyndham Hotels & Resorts Asia Pacific will provide professional, high-quality services, contributing to enhancing customer experience and increasing the competitive advantage of the Wyndham T&T Hai Duong hotel. Overcoming the sluggish real estate market, T&T Group continues to add partner brands to its ecosystem. Previously, T&T Group and Savills Vietnam signed a strategic cooperation agreement for the management and operation of Project No. 2 - Pham Ngoc Thach. This high-end apartment complex project, combined with a commercial, service, and office center, has transparent legal status and is located in the heart of the city. Hanoi. In particular, closely following T&T Group's sustainable development orientation, Savills Vietnam will research and provide operational solutions tailored to the project's specific characteristics, focusing on ESG criteria in management activities. Another prominent name, Anabuki NL Housing Service Vietnam (part of the Anabuki Group), has been selected by T&T Group to manage and operate the T&T City Millennia high-end commercial, villa, and apartment complex project. With the goal of developing urban projects of international stature, raising the living standards for residents in the southern areas of Ho Chi Minh City and Long An , and bringing "Japanese standard" operational standards to the urban area's residents. To date, T&T Group has launched many large-scale projects, including T&T City Millennia (Long An), Project No. 2 - Pham Ngoc Thach, T&T DC Complex (Hanoi), T&T Pho Noi (Hung Yen), T&T Victoria (Nghe An), An Giang mixed-use residential and commercial complex (An Giang), T&T TAMDA (Vinh Long), Tam Nong ecological urban area, tourism, resort and golf course (Phu Tho)... The downturns in the global and domestic economies seem to have acted as a catalyst, promoting the philosophy of combining resources of founder Do Quang Hien and his associates. Looking back, businesses with T&T Group's capital contributions are making significant strides in strengthening their internal capabilities through expanding their operating space and connecting with new partners. Notable examples include Saigon - Hanoi Commercial Joint Stock Bank (SHB) and Ayudhya Public Limited Bank (Krungsri) completing the transfer of 50% of their capital in Saigon - Hanoi Commercial Joint Stock Bank Finance Company Limited (SHB Finance). Saigon - Hanoi Insurance Joint Stock Corporation (BSH) has DB Insurance (DBI), a subsidiary of DB Group of South Korea, as its strategic shareholder, owning 75% of BSH's charter capital. Beyond finance and real estate, T&T Group is also strongly promoting the principle of synergy, especially with reputable international partners, in the energy sector. The T&T Group - SK E&S Co., Ltd. (South Korea) joint venture has officially approached the Quang Tri Provincial People's Committee regarding the conversion of the Quang Tri 1 Coal-fired Power Plant Project into an LNG power plant project. The project is expected to have a capacity of 1,500 MW and an investment of over 55,000 billion VND (approximately 2.5 billion USD). Along with requesting permission for research and surveys to prepare the investment approval dossier for the project, the consortium also proposed investing in a central LNG storage facility in Hai An commune, Hai Lang district. The proposal from the T&T Group and SK E&S consortium demonstrates the Group's long-term vision and ambitious goals for the renewable energy sector, as it simultaneously invests in both the LNG plant and storage infrastructure. Especially considering its connection with the Hai Lang LNG Phase 1 project, currently underway with three foreign investors, T&T Group will almost completely control the LNG gas-fired power plant center in Quang Tri if the plan to convert Quang Tri's coal-fired power plants to gas-fired power plants is completed. Currently, the Hai Lang LNG gas-fired power plant center Phase 1 project has a total capacity of 1,500 MW, with a total investment of nearly 54,000 billion VND, located in Hai An and Hai Ba communes (Hai Lang district), within the energy complex of the Southeast Quang Tri Economic Zone. The project is being implemented by a consortium of investors including T&T Group, Hanwha Energy Corporation, Korea Gas Corporation (KOGAS), and Korea Electric Power Corporation (KOSPO). This is just one of many projects that T&T Group is pursuing to stay ahead of the global green development trend. The project is highly attractive to international financial institutions, with Standard Chartered committing to arrange financing of up to US$6 billion to fund T&T Group's green projects in Vietnam. Notably, this financing accounts for 75% of Standard Chartered's total US$8 billion commitment to support sustainable development projects in Vietnam. Besides energy, T&T Group has also made a significant mark in the logistics sector by partnering with YCH Group (Singapore) – a world-leading logistics group – to develop the Vinh Phuc ICD Logistics Center project. The project spans over 83 hectares, with a total investment of nearly VND 3,900 billion and a designed cargo handling capacity of approximately 530,000 TEU/year. This is the first "super port" of the smart logistics network in the ASEAN region, integrating the functions of a Distribution Center (DC) and an Inland Container Depot (ICD) to provide logistics services according to market demand. The center utilizes world-leading IoT technology, employing robots for warehouse automation, along with a modern computer-controlled system. The philosophy of synergistic resource allocation: In the development roadmap of businesses within the T&T Group ecosystem, according to founder Do Quang Hien,SHB is seeking foreign partners, and SHS will also have a strategic foreign partner.

T&T Group's philosophy of leveraging resources is clearly demonstrated in most of its business areas, such as green energy, transportation, and logistics, with recent expansion plans heavily influenced by international elements and global development trends.

Mr. Hien emphasized that the word "strategic" here doesn't imply that the Vietnamese side gets a high price, but rather refers to the values that both sides can combine to move forward together, helping Vietnamese businesses catch up and anticipate regional and global trends. Besides cooperating with international corporations, T&T Group also collaborates with major domestic corporations such as Vietnam Airlines , Vietnam Railways, Vietnam Maritime Corporation, Vietnam Oil and Gas Power Corporation (PV Power), FPT Group, etc., to fully utilize the potential and advantages of each party, aiming for digital transformation and sustainable development, contributing to creating outstanding synergistic values for businesses and the Vietnamese economy. “After a period of rapid and strong development, keeping pace with the opening of the Vietnamese economy, now is the time for our businesses to focus on governance, consolidating solid foundations, digital transformation, and information technology, instead of prioritizing growth,” Mr. Hien shared. From a private enterprise established in 1993 with its main business being the import and distribution of electrical products from Matsushita Group with major brands such as Panasonic, National, and Mitsubishi Heavy Industry Group, after more than 30 years of development, T&T Group has become a multi-sector private economic group with a network of 200 member units, charter capital of over 22,000 billion VND, 80,000 employees, hundreds of thousands of shareholders, and millions of customers. T&T Group has also expanded its investments abroad by establishing member units in the US, Germany, Russia, and Australia. T&T Group's philosophy of leveraging resources is clearly demonstrated in most of its business areas, such as green energy, transportation, and logistics. Recent expansion plans heavily emphasize international cooperation and a global development trend. In fact, many plans prioritize strengthening international cooperation, enabling the Group to secure financial resources, access management expertise, human resources, and technology transfer from leading corporations. "After 30 years of development, we remain steadfast in our commitment to aligning the interests of the business with the development and progress of society and the prosperity of the nation," stated businessman Do Quang Hien at the ceremony celebrating T&T Group's 30th anniversary and receiving its third First-Class Labor Medal. Significantly, T&T Group's philosophy of leveraging resources goes beyond simply having major domestic and international partners. Many times, when sharing about the Group's development journey, which he calls "endless," Mr. Hien has mentioned the role, dedication, and creativity of the staff, alongside the support of the government, and the cooperation and partnership of domestic and foreign partners, investors, businesses, and entrepreneurs. For him, this is extremely important because as the scale and influence of the business increase, the market constantly changes, and the challenges to the business's development are immense, change and adaptation from within, from each individual in the system, is the foundation for the business to steadily reach further… An Endless Journey . 2024 has already passed a quarter of its journey. Despite many positive signs, it will continue to be a year of trials for the Vietnamese business community and entrepreneurs. However, for the entire T&T Group team, not just Mr. Do Quang Hien, difficulties and ups and downs are not reasons to lose heart in business. “Understanding the laws of investment and business—that there will be ups and downs—is crucial to avoid discouragement and to always be in a mindset of seeking opportunities, to act, and to continue contributing. In fact, difficulties are challenges that hone the entrepreneurial spirit, allowing us to grow stronger and more clear-headed each day, enabling us to see the path ahead,” shared businessman Do Quang Hien. Above all, according to him, the ability to compete and create valuable products and solutions for society is the ultimate goal of the journey that he and T&T Group have always pursued.

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