On July 11th, 2020 at FLC Samson International Convention Centre, FLC Group and Tan Hoang Minh Group officially signed strategic partnership agreement, which embraces significant content of improving competitive capability and inherent strength of both the parties in the upcoming time.
Signing Ceremony of Strategic Partnership Agreement between FLC Group and Tan Hoang Minh Group
According to the agreement, the scope of the partnership is not restricted to the businesses currently operated. Instead, it is expanded to other potential sectors and remains available for both domestic and international markets.
In details, FLC Group and Tan Hoang Minh becomes strategic partners in terms of investment, production, business, supply in order to maximally exploit the inherent strength of both the parties in the fields of air transport, project development and real-estate business, construction, hospitality, golf and yacht.
Besides, FLC Group will also closely cooperate for enhancing communication and marketing with the purpose of promoting the value of FLC as well as Tan Hoang Minh brands on the market.
With high appreciation for the vision as well as the rapid growth of FLC Group, Mr. Do Anh Dung – Chairman cum General Director of Tan Hoang Minh expects that both the parties will thoroughly learn about the products and services of each side so as to create the best values, elevating the partnership to a new level.
Mr. Do Anh Dung – Chairman cum General Director of Tan Hoang Minh Group
For instance, Tan Hoang Minh will prioritize using air transport and hotel services provided by FLC Group; and in the other way round, FLC Group will offer construction services for high-end real-estate projects invested by Tan Hoang Minh.
Agreeing with Mr. Dung’s opinion, Ms. Huong Tran Kieu Dung – Standing Vice Chairwoman of FLC Group reckons that Tan Hoang Minh and FLC Group share many mutual characteristics, especially the mindset for pioneering and making great effort in bringing premium products and services to the market. Ms. Dung believes that following the partnership agreement is a foundation whereby the products and services of both the businesses will be exploited effectively in order to establish a common ecosystem. This will optimize the strengths and correspondingly generate sustainable benefits for both sides.
Ms. Huong Tran Kieu Dung – Standing Vice Chairwoman of FLC Group speaking at the event
Expressing the delight at the signing ceremony, Mr. Trinh Van Quyet – Chairman of FLC Group emphasized that the ecosystem that encompasses diverse and quality products of both businesses is considered as an advantage, by which more prospects for unlimited corporation will be discovered.
Mr. Trinh Van Quyet – Chairman of FLC Group
“In the context that the world has been facing the most massive challenges ever after the pandemic, the corporation among Vietnamese businesses that shares the same vision and orientation for development will be an essential factor by which they can reinforce their strength, improve the competitive capability and creating more values and benefits for the consumers. In consequence, this will effectively contribute to the recovery of the national economy”, said Mr. Quyet.
At the event, many information regarding to the business activities of both the parties had been brought forward for discussion with the intention of launching new corporation opportunities in the near future.
With regards to FLC Group, in terms of real-estate sector, FLC Group has resumed its activities in the market by carrying out the groundbreaking ceremony for FLC Diamond 72 Tower project located in the heart of Hai Phong City. In the meantime, FLC Group also speeds up the construction at the project sites all over the country after the lockdown period.
It is expected that many large-scale projects of FLC Group in Quy Nhon (Binh Dinh) will reach practical completion by the end of this year. These include The Coastal Hill – one of the largest hotels in Vietnam, and FLC Sea Tower Quy Nhon – a 5-star shopping, apartment and hotel complex.
In the field of air transport, Bamboo Airways is currently the only airline that maintains positive growth of 8% in terms of the number of flights comparing to the same time of last year. This is contrasting to the decrease of 31% – 59% that the competitors have encountered. Along with that, Bamboo Airways also possesses the highest on-time performance rate (95.6%) throughout the last 6 months. This figure is explicitly above the average of the entire sector, reported at 89.8%.
With particular reference to Tan Hoang Minh Group, the business at the moment has more than 40 projects, which span across major cities such as Ha Noi, Ho Chi Minh City, Khanh Hoa, etc. In the upcoming time, the Group is expected to invest in 02 large-scale projects in Ha Noi, including Xuan Mai Smart City in My Chuong ward (with the total investment capital in Phase 1 being USD 3.5 billion) and OUTLET complex in Dong Anh ward (with the total investment capital of USD 400 million). In addition, Tan Hoang Minh has also fostered expanding the scope of its business based on real estate as the core to construct a multi-sector ecosystem. This is to set a breakthrough move in the business operation, and diversify target customers based on those of the real-estate sector, which has gained numerous successes in the recent time.
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