DIC GROUP ANNOUNCES NEW CHAIRMAN OF THE BOARD

On August 16^th, 2024, the Board of Directors of DIC Group announced Resolution No. 62/NQ-DIC Group-HĐQT on electing Mr. Nguyen Hung Cuong - Permanent Vice Chairman to hold the position of Chairman of the Board for the 2023 - 2027 term.

Mr. Nguyen Hung Cuong was elected to hold the position of Chairman of the Board of Directors of DIC Group.

Mr. Nguyen Hung Cuong was born in 1982, with a professional qualification of Master of Business Administration, Civil Engineer. He has 18 years of experience, holding many key leadership positions in DIC Group.

In nearly two decades of working here, Mr. Nguyen Hung Cuong has affirmed and proven the capacity of a young, prestigious, experienced and enthusiastic leader, who has made many important contributions through the stages of business development.

Mr. Nguyen Hung Cuong started working at DIC Group in 2006. As Permanent Vice Chairman, Mr. Nguyen Hung Cuong has received the authorization to operate DIC Group from the Chairman of the Board since 2018. In addition to inheriting and absorbing valuable management experience from the late Chairman, Mr. Nguyen Hung Cuong has participated in contributing many innovative and creative solutions in production and business administration and restructuring the personnel system and organizational apparatus.

Mr. Nguyen Hung Cuong's drastic directions and correct strategies have helped DIC Group rise and affirm its position on the real estate map of Vietnam with many prestigious awards. Typically, such as: Top 500 most profitable enterprises in Vietnam; Top 50 Fastest Growing Enterprises in Vietnam; Top 6 Best Listed Real Estate Enterprises in Vietnam; Top 10 Real Estate Investors in 2022 – 2024; Asia's best working environment in 2024...
 

 Mr. Nguyen Hung Cuong - Chairman of DIC Group delivered his inaugural speech.

Right from the beginning of 2024, the Board of Directors, the Executive Board, especially the Permanent Vice Chairman have directed to set goals and plans to accelerate revenue and profit targets, creating momentum for the goal of reaching the finish line in 2025 – celebrating the 35th anniversary of the establishment of DIC Group (26/5/1990 – 26/5/2025).

As of June 30^th, 2024, DIC Group's total assets: VND 18,444 billion, up 9.6% compared to the beginning of the year; including VND 2,975 billion in deposits and equivalents. 

In the first 8 months of 2024, DIC Group has completed many tasks as planned:

- Restart of the Cap Saint Jacques (CSJ) complex project phase 2 & 3;

- Arranged capital sources, prepared ready financial sources for new projects: A5 Apartment (Chi Linh Central Area); Long Tan Tourist Urban Area; CSJ Complex. Currently, the business is arranging capital for the DIC Star Vi Thanh Hotel project. These are the transformation steps of DIC Group towards a new growth period;

- Continue to invest in key projects to create products for the following years: CSJ Complex; Nam Vinh Yen New Urban Area; Vi Thanh Commercial Residential Area; Lam Ha Center Point Residential Area; Long Tan Tourist Urban Area; Hiep Phuoc Residential Area; North Vung Tau New Urban Area; apartments A4, A5 (Chi Linh Central Area);

- Focus on compensation and site clearance for key projects, determined to create a large clean land fund, take the initiative in investment and construction;

- Develop flexible sales plans in accordance with the actual conditions of each year at each project. In the near future, DIC Group will announce the transfer of new products in 03 projects: Vi Thanh Commercial Residential Area, Nam Vinh Yen New Urban Area, Lam Ha Center Point Residential Area;

- Commencement of projects: Bac Vung Tau New Urban Area, Long Tan Tourist Urban Area, A4 Apartment, A5 Apartment in 2025.

The tasks in 2024 and the coming time are still challenging, but with the experience of management as well as the process of preparing for the proactive transfer, and the legacy that the late Chairman Nguyen Thien Tuan has created, the new Chairman of the Board Nguyen Hung Cuong affirmed his determination to promote the available foundation, bringing DIC Group to strong and sustainable growth, successfully implementing the goals in 2024 and the following years.

In the next 5-10 years, DIC Group will continue to improve its activities in the real estate sector and promote the implementation of a group of key and large-scale projects. At the same time, businesses are also preparing to expand investment in the fields of health, education, industrial parks, etc. in order to form a diverse and complementary ecosystem for sustainable development.

As a leader with sharp strategic thinking, in his new position, the new Chairman Nguyen Hung Cuong is ready to inherit the mission of leading DIC Group, realizing the vision of becoming the Top 5 largest real estate groups in Vietnam.

Media and Communication Department