26 - 10 - 2022
On October 25 at Sheraton Hotel, Hanoi, Vietnam Report in collaboration with Vietnamnet newspaper officially organized the PROFIT500 award ceremony for the 500 most profitable enterprises in Vietnam in 2022.
Notably, together with leading enterprises such as Hoa Phat Steel, Techcombank, Vinamilk, etc., CNT Group (abbreviated: CNT Group) has been on this list for the second year in a row, and at the same time entered the top 50 of the most profitable leading enterprise in the real estate industry.
Strong financial health
The above results were evaluated by Vietnam Report Company based on criteria such as revenue and profit before tax, taking into account asset size, labor size, and reputation in the media. As of the third quarter of 2022, CNT Group's revenue and net profit reached 90% of the plan and increased 3 times over the same period.
Previously, in 2021 with significant revenue and profit, CNT Group also ensured this impressive achievement, with the ranking of 265/500 best profitable enterprises in the country.
Ranking in a high position affirms CNT Group's position in the Vietnamese economy and business community
(Photo of Mr. Pham Quoc Khanh - Chairman of Directors of CNT Group at the ceremony).
According to data from the General Statistics Office announced in 2021, Vietnam has 683,600 enterprises operating across the country. Therefore, achieving a high ranking in the PROFIT500 list proves the position of CNT Group in the Vietnamese economy and business community.
Notably, these are a few businesses that do not record loans, and the amount of cash deposited in banks as of June 30, 2022, and expected cash flow in the short term is more than 1,000 billion Vietnam dong. In the context that liquidity in the whole market is facing difficulties and banks simultaneously increase interest rates, owning a large source of cash is a strength for businesses to prepare for the accelerating cycle. At the same time, it shows the solid financial health of CNT Group in the real estate industry.
In the upcoming period, CNT Group's revenue and profit will largely depend on the Ha Tien new urban area project that has been successfully offered for sale in the period 2020-2021.
This is a key project with the largest scale in Ha Tien city with phases of implementation and a chain of component projects such as Ha Tien Newcity, Ha Tien Venice Villas (high-end beach villas), HaTien Centroria (group commercial complexes, townhouses), Larina (Shophouse), Ha Tien Night Market (the largest-scale night market in the Southwest).
After a period of investing in a series of high-class facilities, Ha Tien's new urban area has been completed, becoming a busy commercial-service-tourist center of this coastal city, leading to a rapid process of urbanization.
According to the business plan, after the success of the Hatien Centoria commercial complex phase 1, CNT Group will launch phase 2 soon. With many advantages such as being adjacent to the sea and the facade of the central night market, which welcomes more than 3 million visitors per year, vibrant business and legal activities - 100% completed infrastructure, will be a part of CNT Group's subsequent revenue and profit in the period of 2023 - 2024, in addition to other projects and business chains.
In addition to real estate playing a key role, CNT Group also recorded revenue and profit from a system of subsidiary companies in the fields of materials trading, construction, production of building materials, business services,…
Breakthrough in the medium - long term from a comprehensive real estate ecosystem strategy
With 41 years of establishment and development, CNT Group has made great contributions to the economic and social development where the business has implemented business activities.
As a forerunner in the field of construction and materials trading, it is a solid premise for CNT Group to conquer the real estate field. In fact, along with the success of Ha Tien's new urban area, which strongly impacts the economic and tourism development of this coastal city, CNT Group has proven its ability to deploy projects and affirm its position and vision amid the vibrant real estate market.
Identifying this as a key business area, in April 2022, CNT Group officially announced to change the name of Construction and Materials Trading Joint Stock Company to CNT Group Joint Stock Company. At the same time, the group also establishes and restructures new brand identities to be ready for a comprehensive real estate ecosystem.
CNT Group is positioned to become a professional real estate developer, focusing on a chain of integrated urban areas in the center of provinces and cities across the country in the medium and long term. Up to now, in addition to the available land funds, CNT Group is promoting M&A activities and developing land funds in Ho Chi Minh City, Ha Tien city (Kien Giang), Buon Ma Thuot city (Daklak), Gia Nghia city (Dak Nong), Pho Yen (Thai Nguyen),... along with other provinces and cities with a total area of about 2,000 hectares.
To realize the strategy of intensively focusing on real estate, and developing large-scale urban areas, according to the plan, CNT Group will develop a system of subsidiary companies to create a closed ecosystem with the following fields: investment - real estate development - distribution - services - construction - materials,...