On the afternoon of October 3 in Ho Chi Minh City, the TTC Group and Sojitz Vietnam officially signed an MoU with several important items aimed at leveraging each party’s strengths in various fields of operation and business.

The two will become strategic partners, collaborating in areas where both have strengths and mutual interests. The signing ceremony marks a new milestone in the process of collaborative development between the two entities.

The TTC Group and Sojitz Vietnam will collaborate in specific segments: (1) Energy, including Renewable Energy (Solar, Wind, Hydropower, and Biomass power), New Energy (Biogas, Bio-LNG, and Sustainable Aviation Fuel), and Energy Solutions (District/Retail Cooling Systems); (2) Agriculture; (3) Real Estate (Value-added services for tourism real estate and Residential and Industrial real estate); and (4) Education.

2024 is an important and pivotal year before the TTC Group enters into the “acceleration” phase to achieve its strategic goals set for the 2021-2025 period, prior to realizing its vision for 2030. Therefore, based on a continuously nurtured and strengthened foundation, TTC is committed to enhancing service quality, management capabilities, and business control and operations, to assert its brand on the international stage.

Speaking at the event, Mr. Dang Van Thanh expressed his sincere gratitude to the Sojitz Corporation and Sojitz Vietnam for choosing TTC as a partner in their upcoming development strategy. He expressed his admiration for and appreciation of the achievements Sojitz has made and its contribution to Vietnam’s socio-economic landscape over the years. Signing the MoU will help both parties maximize their strengths and potential. He also expressed confidence that after this signing, both sides will have more opportunities to develop sustainably together.

At the ceremony, Mr. Mizushima Kozo, General Director of Sojitz Vietnam, said the TTC Group and the Sojitz Corporation share many similarities, as both are multi-industry private economic groups with a rich history of development, constantly innovating and adapting to market fluctuations to establish a solid position in the Vietnamese market and internationally. In particular, both TTC and Sojitz share a common vision aimed at sustainable development, prioritizing community interests through the goal of enhancing the quality of life for people. These similarities are expected to serve as a foundation for the development of the cooperative relationship between the two parties. The signing of the MoU marks the beginning of collaborative development for both sides.

Sojitz Vietnam is a subsidiary of the Sojitz Corporation, operating in various business sectors globally, including manufacturing, trading, importing, and exporting a wide range of products, alongside providing services and investing in a diverse business portfolio both in Japan and abroad.

The Sojitz Corporation is a multi-industry conglomerate in Japan, formed from the merger of Nissho Iwai and Nichimen, its predecessor companies with a history of over 160 years. As of March 31, 2024, Sojitz’s total assets and profits were ¥2.9 trillion ($20 billion) and ¥101 billion ($688 million), respectively. Sojitz has around 350 subsidiaries and 140 joint venture companies, with nearly 20,000 employees worldwide. It was one of the first Japanese companies to establish a representative office in Vietnam, 38 years ago, and is now involved in various business sectors.

Sojitz consists of 25 subsidiaries in Vietnam, operating in various fields ranging from trade and import-export of products (Huong Thuy and New Viet Dairy) to logistics centers, industrial park investment (Long Duc Industrial Park), retail systems (Ministop), and agriculture (Vinabeef). Its investment portfolio in Vietnam has reached nearly $900 million.

With over 45 years of establishment and development (July 28, 1979 - July 28, 2024), TTC is a multi-industry investment corporation operating in six main segments: (1) Agriculture - SBT stock, (2) Energy, including renewable energy - GEG stock, (3) Residential real estate - SCR stock and Tourism real estate, (4) Industrial real estate, (5) Hospitality - VNG stock, and (6) Education.

It operates not only in Vietnam but also in the Indochina region (Laos and Cambodia), the ASEAN region (Singapore), and the Oceania region (Australia). As of the end of June, its total assets stood at $4.4 billion.

Additionally, the TTC Group is committed to the mission of sustainable development, applying international ESG (environmental, social, governance) standards, particularly in the Agriculture and Renewable Energy segments. The Group is currently expanding into the Hospitality and Industrial Real Estate segments and has been recognized by major global financial institutions for successfully raising green loans, green bonds, and hybrid capital based on this foundation.

With shared similarities in history, vision, and strategic orientation, along with alignment in their fields of operation, the signing of the MoU on strategic cooperation between the TTC Group and Sojitz Vietnam is expected to bring new opportunities to both corporations in the future.