2024 – “THE JOY OF SERVING”

In 2024, overcoming challenges, leveraging internal strengths, expanding international markets, and attracting foreign investment have created a bright outlook for CNCTech Group. Notably, strong performance was recorded in two key divisions: Manufacturing Technology and Industrial & Logistics. Their independent yet complementary operations have formed a mutually supportive ecosystem, driving positive growth in 2024 with key figures: total revenue reached VND 1,639 billion, profit after tax reached VND 294 billion, representing increases of 48.6% and 673% respectively compared to the previous year. Total assets increased by 45% to VND 6,572 billion. CNCTech ranked among the Top 10 fastest-growing enterprises in Vietnam in 2024 and was listed in the Top 500 largest enterprises in Vietnam (VNR500).

The 16-year journey of “The Joy of Serving” – with a spirit of dedication, embracing joy and happiness from delivering greater value and meaning to others. This philosophy fosters a positive working environment and builds strong relationships. The year 2024 also marked a milestone in strengthening the CNCTech community through the development of core cultural values: Blessing, Wisdom, Creativity, Understanding, Compliance, and Breakthrough, along with a deeply rooted business philosophy of Integrity, Quality, and Commitment to deadlines.

Manufacturing Technology Division: Officially marked CNCTech’s first steps in its globalization journey by establishing presence and representatives in major markets such as Japan, the United States, Germany, and Taiwan, focusing on five key industries: automotive components, oil & gas equipment, aerospace, semiconductors, and automation. At the same time, the Group has been building an integrated manufacturing ecosystem with six large-scale modern factories and more than six affiliated companies. The division has achieved synchronized expansion in scale, technical depth, and excellence in management systems, proactively developing manufacturing capabilities and technology solutions to optimize operations and gain competitive advantages. In 2024, the division exceeded expectations with revenue growth of over 60%, creating strong momentum for 2025 and beyond.

Industrial & Logistics Division: In 2024, achieved remarkable results through simultaneous development across three areas: investment, INDUSTRIAL SOLUTIONS, and logistics, offering more than 20 specialized, comprehensive “all-in-one” services to deliver satisfaction to investors and customers. With the mission of “Shaping a sustainable and innovative future in industrial and logistics sectors while enhancing Vietnam’s position in the global supply chain,” the division focuses on green solutions and renewable energy as the foundation for developing industrial parks and logistics centers. These three pillars form a balanced triangle model – the solid foundation for CNCTech’s sustainable growth.

By 2024, the CNCTech ecosystem has accumulated 606 hectares of industrial and logistics land. Through M&A and strategic investments, CNCTech has become the developer of large-scale projects such as Nam Binh Xuyen Green Park Industrial Park, ready-built warehouse and factory project at Ba Thien I Industrial Park, Bac Giang International Logistics Center, and Thang Long Complex in Thang Long Vinh Phuc Industrial Park. CNCTech has also signed a strategic partnership with Sumitomo to develop smart green urban and industrial projects.

Building on the success of the CNCTech brand, CNCTech Industrial was launched with the goal of providing comprehensive, turnkey solutions. This marks a significant step forward in pioneering the development of smart and green industrial parks in Vietnam. CNCTech understands manufacturers’ needs and has steadily entered the industrial infrastructure sector, attracting nearly USD 800 million in investment by the end of 2024, with a focus on high-tech and supporting industries.

CNCTech provides international-standard industrial infrastructure integrated with advanced technologies to minimize environmental impact and protect natural resources. Initial investment promotion seminars for industrial parks in Vinh Phuc were organized with over 100 Korean enterprises, alongside welcoming a delegation of 30 companies from the Shenzhen E-commerce Association (China). CNCTech has actively promoted investment in Taiwan, Shanghai, Shenzhen, Japan, and the United States, and exchanged experience at Hsinchu Science Park – home to TSMC, the world’s largest semiconductor manufacturer, and over 1,000 leading technology companies in Taiwan.

With a spirit of continuous improvement and learning, in 2024 CNCTech welcomed many entrepreneurs for visits, exchanges, and training programs, including members of the Vietnam Red Star Club, Mr. Nguyen Van Khoa – CEO of FPT, Mr. Mai Huu Tin – Chairman of U&I Group, Mr. Le Viet Hai – Chairman of Hoa Binh Construction Group, Mr. Pham Nhu Anh – CEO of MB Bank, and Mr. Nghiem Gioi Hoa – founder of Pacific Construction Group and Suzhou Construction Group (both ranked among the world’s top 500 enterprises), along with numerous domestic and international training programs.

2025 – “BREAKING LIMITS”

Forecasts indicate that 2025 will continue to present challenges; however, Vietnam remains an attractive investment destination thanks to political stability, strong security, expanding multilateral partnerships, and ongoing supply chain shifts. Supporting industries and industrial infrastructure are expected to maintain positive growth. Leveraging marketing strategies and ecosystem resources, CNCTech’s leadership has set an accelerated development plan targeting double-digit growth across the ecosystem:

Manufacturing Technology Division: Continue expanding scale and developing integrated manufacturing services while strengthening international human resources with high intellectual value. Focus on technological solutions to optimize production and digital transformation to achieve operational excellence. CNCTech targets a 60% revenue increase to reach USD 100 million in 2025, maintaining growth momentum toward a vision of USD 1 billion in revenue by 2030.

Industrial & Logistics Division: With 606 hectares of land, CNCTech is positioned for a breakthrough in 2025, targeting the development and operation of an additional 60 hectares of factories and warehouses, bringing total operational area to over 100 hectares. This will be accompanied by expanded industrial and logistics services within the ecosystem. Revenue is expected to exceed USD 80 million for this division. Total assets are projected to increase by over 20%, surpassing USD 300 million in 2025. The leadership commits to sustaining this growth trajectory through 2030, expanding total land to 1,500 hectares, including 500 hectares of operational factories and warehouses, along with investments in over 300 MW of solar power, targeting nearly USD 1 billion in revenue and total assets exceeding USD 2 billion.

On behalf of the Board of Directors, I would like to express our sincere gratitude to all employees for their dedication and contributions over the past year, and to our shareholders, partners, and customers for their trust, support, and collaboration. Entering the new year with the spirit of “Nothing is Impossible,” let us unite, innovate, and adapt to all changes to strengthen CNCTech’s position as a pioneer in green and smart industrial development. Wishing you a Happy New Year 2025 – Prosperity, Success, and Happiness!

Sincerely,