“SAIGONTEL: From a Telecommunication company to a Real-estate enterprise”

…CafeF began as mentioned above in the article about Saigontel published on July, 14th

Saigontel (Hose: SGT) with the support of Mr. Dang Thanh Tam - Chairman of the Board of Directors and Kinh Bac City Development Holding Corporation (KBC) transformed from a telecommunication company to a Real-estate enterprise owning industrial-urban-service land banks up to 800 hectares, currently continuing to develop to 3,000 hectares to seize the investment wave.

According to experts, Vietnam economy is expected to recover at a rate of 6.7% in 2021. The pandemic situation in the world is complicated and the image of a new government determined against the pandemic will be the factor pushing FDI to move manufacturing facilities. The process of restructuring supply chain of “big guys” will happen in 2022, of which Vietnam is an interesting destination.

As of May, 2021, total FDI into Vietnam reached USD 114 billion (increased 0.8% over the same period). Of which, 613 projects were newly licensed from investors in Singapore, Korea, Japan, the US...and many other FDI enterprises are “in line up” looking for locations to expand investment in Vietnam.

Vietnam economy outlook in 2021 is an affirmation that th strategy “transformation” of Saigon Telecommunication and Technologies - SAIGONTEL has been in the right direction and at the right time. With the effective support of Mr. Dang Thanh Tam and Kinh Bac City Development Holding Corporation (KBC). Within two years, the enterprise has successfully restructured from a telecommunication company to a real-estate enterprise owning 800 hectares of industry-urban-service land bank. In 2021, regardless of the complicated pandemic, this land bank has been developed up to 3000 hectares to ready for global supply chain restructuring.

In 2020, SGT completed 95% of the target revenue plan with VND 485 billion, a growth of 22% compared to 2019. Of which, income from telecommunication infrastructure sector accounting for 55%, the rest comes from industry and office real estate leasing.

With convenient location to connect trade, projects of SAIGONTEL still remain the “its heat” in industrial - urban real estate market, typically:

In Bac Ninh, Dai Dong Hoan Son industrial park Phase 1, with area of 300 hectares 100% filled; Dai Dong Hoan Son Phase II with a scale of 96 hectares, has been registered 90% area for long-term leasing and is speeding up procedures to hand over land in quarter 3/2021.

In Thai Nguyen, SAIGONTEL owns 130 hectares of industrial land in Pho Yen town and 40 hectares at Song Cong city which are being completed site clearance to handover land to investors.

Hi-tech factory for lease in Da Nang hi-tech Park with a the first phase of 15 hectares is preparing construction in Quarter 4/2021, is expected to bring a steady income of more than VND 100 billion annually.

Saigon ITC building at Quang Trung Software Park (HCMC) is 100% filled generating nearly VND 20 billion annually, creating development for the adjacent Saigon ICT2 Building under construction. It is expected to put in use and bring steady income of VND 50 billion annually.

Simultaneously, urban service and housing segments are continuously developing with the following projects: Saigontel Central Park apartment in Bac Giang; social housing project with the largest scale in Vietnam – The Ori Garden, in Bau Tram Lakeside urban area - Da Nang providing to the market more than 4.000 flats, ensuring stable working and life for more than 10,000 low-income workers. Nam Vung Tau urban area has a scale of 69.46 hectares in BRVT that the company just won the bid is also a project with a beautiful location which is waited by investors.

Perspective of 10 buildings of Ori Garden social housing

In addition to the projects have been implemented, SAIGONTEL is continuing to complete legal status of 3.000 hectares of other potential projects in Hai Duong, Bac Giang, Hung Yen, Quang nam, Long An, Ba Ria-Vung Tau...and constantly expanding international investment partners network.

With those prospects, SAIGONTEL has announced revenue plan in 2021, expected to reach VND 950 billion, PBT reach VND 150 billion in annually General Meeting of Shareholders 2021.

In addition, also in this year, shareholders of SAIGONTEL has agreed to increase capital from VND 740 billion up to VND 1,500 billion to supplement business capital, to promote projects to be completed more quickly.

ABOUT SAIGONTEL

Saigon Telecommunication and Technology Joint Stock Company - SAIGONTEL is a member of Saigon Invest Group (SGI) - Vietnam’s leading invest group on development industry-urban-service complex. Up to now, SGI has successfully developed more than 30 industrial Parks in thw whole country, typically: Trang Due - Hai Phong Industry - Urban - Service complex; Que Vo - Bac Ninh Industry - Urban - Service complex; Dai Dong Hoan Son - Bac Ninh Indsutrial Park; Quang Chau - Bac Giang Industrial Park; Tan Phu Trung - Tp. HCM Industrial Park; Tan Duc - Long An Industrial Park...

Established in 2002, SAIGONTEL formerly known as a company providing telecommunication infrastructure service in industrial parks of the Group, now it has strongly transformed into a real-estate enterprise with 3 main businesses including: Industry - Urban - Service Until now, SAIGONTEL has achieved many successes, stable revenue and strong development over each period and is an effective investment promotion partner of many localities. Headquarter of the Company located at lot 46, Quang Trung Software Park, Tan Chanh Hiep ward, district 12, HCMC In addition, the Company has many representative offices in Hanoi, Bac Ninh, Da Nang, Long An, Thai Nguyen, Hai Duong.

The content of the article posted on page: https://cafef.vn/saigontel-tu-cong-ty-vien-thong-tro-thanh-doanh-nghiep-bds-20210714162135852.chn

In the morning of June, 19th, 2021 Saigon Posts & Telecommunications Service Joint Stock Corporation (SPT) organized successfully annually general meeting of shareholders in 2021 in on line form.

Overview of General meeting of shareholders of Saigon Posts & Telecommunications Service Joint Stock Corporation (SPT)

In 2020, business operation of SPT company mainly concentrated on maintaining post services, fundamental telecommunication; completing Core network to prepare for implementing digital content service, transforming service structure from fundamental group to digital content service, promoting the application of digital technology on the development of new service and completing ecosystem service in wifi platform.

Due to many objective and subjective reasons, business result in 2020 of SPT basically reached VND 547 billion (reaching 78% of the set out plan) and profit before taxes reached VND 1 billion.

At the meeting, Ms. Nguyen Cam Phuong - Chairman of the Board of Directors presented a report to shareholders on business plan in 2021, which emphasized the extremely important reformation strategy to abridge the system to overcome the pandemic and be ready to restart strongly after COID-19. Accordingly, the company set a target of VND 700 billion (up to 30% compared to the previous year) and profit before taxes reaches VND 30 billion.

SPT shall strongly focus on activities á follows: Abridging personnel apparatus; restructuring the company in direction of establishing subsidiaries for potential service segments; technology application in investment and development of new services and products such as digital service development, digital economic infrastructure, digital society in orientation of the Government, Ministry of Information and Communications in accordance with the development of 4.0 industry.

SPT also said that financial resource preparation is an important task that needs careful preparation. Accordingly, charter capital of STP is expected to increase up to VND 600 billion (six hundred billion dong) through the issuance of an additional 600 million shares. The proceeds will be used to supplement working capital and business operating capital to implement the set out business plan.

After presentation, shareholders of SPT approved all 10 voting contents, in which the proposal to increase charter capital was approved with 77% rate. Therefore, restructuring plan of the company shell be implemented and it is expected to complete in 2023 as the company has to prepare dossiers of establishment license and other necessary licenses.

The meeting finished in earnest and complying this COVID-19 prevention and control regulations of the government with a spirit of high determination to overcome the pandemic and look forward to the development after the pandemic controlled.

Recently, Saigon Telecommunication and Technology Joint Stock Company (Saigontel) once again received a letter of thanks from the Council of Taiwanese Chambers of Commerce in Vietnam (abbreviated as Association).

To express appreciation for sincere help of Saigontel, Mr.. KAO KUO HUA - General Chairman of the General Council of Taiwanese Chambers of Commerce in Vietnam and Ms. HSU YU LIN - Coordinator of a working group on vaccine sent a letter with content of Saigontel wholeheartedly supported the Association; simultaneously as a connector for Taiwanese investors to have chance to contact and work with the departments, boards and industries of the provinces, thereby creating cooperations between the two parties.

In particular, Saigontel is a company connected the Association with departments, boards and industries of provinces: Long An, Dong Nai, Ba Ria - Vung Tau to implement vaccine injection for the businessmen to prevent Covid-19 during the outbreak of the epidemic in the southern provinces.

Specifically, on August, 16, 2021 in Long An, Saigontel supported for 138 Taiwanese businessmen in the Association to get the 2nd dose vacination. With the completion of 2nd dose vaccination, these businessmen are eligible for vaccine passports.

On August, 16th, 2021, in Ba Ria-Vung Tau, Saigontel also supported 206 Taiwanese businessmen in the association to get the 1st dose vaccination; and in Dong Nai province, 160 businessmen received the 1st dose vaccination to prevent covid-19.

In the letter, representative of the Council of Taiwanese Chambers of Commerce in Vietnam expressed: “The vaccination against Covid-19 can help us return to our family soon...enterprises have actively supported in disease prevention like Saigontel that are trying to protect local people and foreigners living in Vietnam like us from effects of the pandemic, we once again just can say ‘We are much obliged to you”.

In addition to Saigontel, the Association also sent thank-you letters to Mr. Nguyen Van Duoc Provincial Party Secretary, Mr. Nguyen Van Ut - Provincial Party Deputy Secretary, Chairman of Long An Provincial People’s Committee, Ba Ria-Vung Tau People’s Committee, Department of Health of Dong Nai province, Board of Covid-19 prevention and control of Dong Nai province; Mr. Nguyen Hong Linh - Provincial Party Secretary of Dong Nai province for supporting the businessmen delegation of this Association to access vaccine sources soon.

Thank-you letter is attached as follows:

On the 20th of August, the Prime Minister enacted Decision No. 1420/QD-TTg on “Approving the policy of investment, construction and business on infrastructure at Nam Tan Tap industrial park, Long An province”.

The Decision has the following main contents as follows:

(1) The Investor is Saigontel Long An Company Limited.

(2) Project name: Investment, construction and business on infrastructure in Nam Tan Tap industrial park

(3) The project’s objective is “investment, construction and business on infrastructure of industrial park”.

(4) The project’s land use scale is 244,74 hectares.

(5) The location of the project is at Tan Tap commune, Can Giuoc district, Long An province.

(6) Total investment capital of the project is VND 2.590,422 billion, of which contribution capital of the Investor is VND 440,372 billion.

(7) The project implementation progress is no more than 36 months from the date of land handover by the State.

(8) The project operation’s time lasts 50 years from the date of receiving decision of investment policy.

In addition, in Decision of the Prime Minister, there are some other contents related to conditions for investor to implement the project, responsibility of Long An Provincial People’s Committee...The entire text of decision attached in the article.

Deputy Prime Minister - Mr. Le Van Thanh signed the decision. Decision takes effect from the date of signing August, 20th, 2021.

More information:

Saigontel Long An Company Limited was established on February, 18th, 2021, located at Lot 6A, street No. 3, Tan Duc industrial park, Duc Hoa Ha commune, Duc Hoa district, Long An province, Mr. Dang Thanh Tam is a legal representative.

Long An Economic Zone Authority received the application for investment of Nam Tan tap industrial Park of 5 investors, including Join Name of Saigontel Telecommunication and Technologies and Sai Gon Hai Phong - Industrial Park Corporation. On December, 15th, 2020, on the basic of consensus of departments and industries agreed to choose Join Name of Saigontel Telecommunication and Sai Gon Hai Phong - Industrial Park Joint to conduct investment procedures of this project.

Long An Provincial People’s Committee evaluated that Saigontel and SHP are both capable and experienced companies in implementing the project of industrial park infrastructure. Saigontel is an investor of Dai Dong Hoan Son project phase 2 (Bac Ninh province), SHP also an investor of Trang Due Industrial Park (Hai Phong), etc. In addition, the confirmation result fo Long An province also showed that Saigontel has ability to mobilze capital from credit institutions to carry out the project.

Previously, on June, 21st, 2006, Nam Tan Tap industrial park supplemented by the Prime Minister to the Development plan of Vietnam’s Industrial Parks under Decision No. 1107/QD-TTg.

In the morning of October 16^th, Mr. Trinh Viet Hung, the Provincial Party Committee Deputy Secretary, Standing Vice Chairman of Thai Nguyen People's Committee chaired a meeting to consider the proposal of Saigon Telecommunication & Technologies Corporation (SAIGONTEL) in implementing the project in Phu Binh district. There were also the attendance of SAIGONTEL’s representatives, leaders of the Provincial Industrial Park Management Board, leaders of related departments and branches.

SAIGONTEL ‘s Representatives and leaders Thai Nguyen Province 

The project has a survey area of ​​about 900 hectares in the territory of Tan Hoa, Luong Phu and Huong Son district (Phu Binh), this area is not yet included in the planning land for industrial land. SAIGONTEL proposed the approval for Province for the Project location and scale; allowing SAIGONTEL to research, survey, and plan; proposing to add the industrial zone development planning to the general plan of the province.

The meeting was concluded with Mr. Trinh Viet Hung’s the proposal is that the Management Board of the Provincial Industrial Park, the departments, Boards and branches of Phu Binh district and the investor to review, synthesize and carry out the procedures for submission to the competent authority to consider and supplement Phu Binh Industrial - Urban – Service Park. SAIGONTEL needs to actively coordinate with departments, branches and Phu Binh district to carry out the prescribed procedures, ensuring that the addition of Phu Binh Industry - Urban – Service Complex is completed expending Phu Binh Industry – Urban – Service Complex into the Industrial Parks Development Plan in Vietnam before December 31 of this year

Link to Thai Nguyen Newspaper:

http://m.baothainguyen.vn/tin-tuc/thoi-su-trong-tinh/xem-xet-du-an-dau-tu-tai-khu-cong-nghiep-tai-phu-binh-276029-205.html?fbclid=IwAR3tcnaztav6c4CTeX6z7-robxWjfeMR_EH4ZMgL-32pTsZrwPYTs7mMAYs#.X4mFux9kFSk.facebook?utm_source=zalo&utm_medium=zalo&utm_campaign=zalo&zarsrc=30

Communication Department. 

There are SAIGONTEL employees who have made spring of love!

When launching the charity program, SAIGONTEL prepared 1,000 Tet gifts for the poor housholds. In which, SAIGONTEL extracted 141 gifts for employees in the company to take advantage to give to those in difficult circumstances that they know.

Accordingly, the Communications Department has called on the staffs at Hochiminh City to carry out activities "Doing good things on Tet- Don't be afraid of hard work" to encourage employees to do charity and share photos of giving gifts.

It must be the person who synthesizes all these images as well as listens to the joys and sorrows when giving Tet gifts to the poor, for the Communication Department to feel the warm heart of the staff wearing the colors of SAIGONTEL.

Be proud of SAIGONTEL employees for making a beautiful spring!

This is a review of meaningful volunteering moments that SAIGONTEL employees themselves have created. Thanks for staffs:

+ Ms. Thach Thi Bich Hanh - ICT

+ Ms. Le Hoang Yen - Administration Department

+ Ms. Le Vu To Uyen - Administration Department

+ Ms. Nguyen Thi Thai Binh - Administration Department

+ Ms. Tran Tieu My - Administration Department

+ Mr. Phan Nguyen Long Ho - Administration Department

+ Ms. Le Thi Cam Huong - Legal Department

+ Ms. Tran Nguyen Kim Hang - Accounting Department

Your hearts will spread the human spirit of SAIGONTEL everywhere.

Communication Department.

Recently, during the year-end charity at Te Do Pagoda (Go Vap District, Ho Chi Minh City), Staffs of SAIGONTEL in Hochiminh Office came together to bring joys to poor people in Ho Chi Minh City.

The ceremony of giving presents had the participation of Ms. Nguyen Cam Phuong - General Director of the company and her mother and nearly 10 staffs of Ho Chi Minh Office from the Human Resources, Administration, Accounting, Legal Departments.

Although the work at the end of the year is somewhat harder and busier, staffs still take the time to complete a meaningful gift-giving ceremony at Te Do Temple.

SAIGONTEL’s employees gave presents to people 

"Thank you guys”

"She received this gift, she was very happy, sorry, my dear!"… are touching words that the Communications Department has heard from relatives who have received Tet presents full of love and gratitude.

Poor households and families in difficult circumstances in Ho Chi Minh City were waiting in queue to receive presents at Te Do Pagoda (Go Vap District, Ho Chi Minh City) 

When participating in many Tet charity activities together, every employee of SAIGONTEL GROUP has formed a spirit of kindness and humanity.

Communication Department.

On October 28^th , 2019, the Kien Tuong town People's Committee organized a groundbreaking ceremony for the construction of Thien Ho Duong High School funded by former President Truong Tan Sang. In the ceremony, there were attendance of Former President Truong Tan Sang, Chairman of Long An People's Committee Tran Van Can, Vice Chairman of Long An People's Committee Pham Tan Hoa, representatives of provincial departments, local leaders and Mr. Dang Thanh Tam (Chairman of Saigon Invest Group, Chairman of Kinh Bac Urban Development Corporation) together with the Board of Directors of Kinh Bac Urban Development Corporation.

Former President - Truong Tan Sang emphasized that the school will help to achieve higher results in teaching and learning

Thien Ho Duong High School was built in Quarter 5, Ward 2, Kien Tuong town with the scale of 22 classes, 12 function rooms, storage room, library, 04 subject rooms, multi-functional blocks and adjacent works. Total investment capital is 130.9 billion VND. In particular, the construction item with a total cost of about 90 billion dong is sponsored by KinhBac City Development Holding Corporation through the advocacy of former President Truong Tan Sang. The design consultancy unit is KinhBac City Development Holding Corporation. 

Mr. Dang Thanh Tam spoke at the Ceremony 

Responding to the sponsorship campaign of Former President - Truong Tan Sang, Mr. Dang Thanh Tam also expressed his opinion in the ceremony: KinhBac City Development Holding Corporation in addition to focusing on development investment in the Industrial Park field, maintaining the achievement of being the leading and only Enterprise for 18 consecutive years (since 2000) to receive the Government's Excellence Emulation Flag in the development of industrial zones and attracting foreign investment into Vietnam (accounting for 10-15%), the Board of Directors also pays special attention to social welfare activities, serving the interests of the community. Through sponsoring the construction of Thien Ho Duong High School, KinhBac City Development Holding Corporation wishes to support and contribute to the development of education and training of high-quality human resources to help Long An province developing faster in the future.

Former President - Truong Tan Sang and representatives of leaders of Kien Tuong town presented flowers to the Sponsor 

Delegates performed the groundbreaking ceremony 

Speaking at the ceremony, former State President - Truong Tan Sang emphasized that the school will help teaching and learning more effectively, contributing to training high human resources in the new era. In addition, the former President wished that Kien Tuong town would pay more attention to the education and training of the country's future generation as well as wished the students to try their best to study well meeting the expectations of parents, teachers and society.

It is expected that after completing and putting into use, Thien Ho Duong High School will open the year 2020-2021 and it is  expected to receive and train  about 700 high school students in Kien Tuong town and neighboring districts.  This is the first high school in the town that has all the classrooms, practice rooms, auxiliary offices according to national standards.

Communication Department.

In the morning of October 25^th, 2019, Binh Dinh People's Committee held a ceremony to donate the journey monitoring equipment to fishermen. The ceremony was attended by Mr. Truong Tan Sang, Former member of Politburo, Former President, Mr. Nguyen Thanh Tung - Binh Dinh Provincial Party Committee Secretary, Mr. Ho Quoc Dung - Chairman of the People's Committee and the province’s Leaders and Sponsors. On the side of Saigon Investment Group, there were the attendance of Mr. Dang Thanh Tam (Chairman) and Ms. Nguyen Cam Phuong (General Director of Saigon Telecommunication & Technologies Corporation (SAIGONTEL) - a member company of Saigon Invest Group).

Former President Truong Tan Sang and the Leaders of Binh Dinh Province and donors presented Donations to the Program to buy monitoring equipment to support fishermen.

Former State President Truong Tan Sang hands over fishing vessel monitoring equipment to Binh Dinh fishermen

At the ceremony, Former President Truong Tan Sang and sponsors gave 15 billion VND, of which Saigon Invest Group contributed 12 billion VND, sponsored Binh Dinh People's Committee to buy monitoring equipment for fishermen with fishing vessels from 15 to under 24m. In addition, the former President also awarded 20 sets of fishing vessel monitoring equipment to fishermen with difficult conditions.

Former member of Politburo, Former State President Truong Tan Sang spoke at the ceremony 

Responding to Former President Truong Tan Sang’s campaign - calling on sponsors and functional agencies to mobilize to support journey monitoring equipment on fishing vessels for fishermen in Binh Dinh - Leaders of the Saigon Investment Group realizes that investing 12 billion VND in equipping fishermen with vessel monitoring equipment is a very meaningful job, not only encouraging the fishermen’s spirit to continue protect the sea and islands sovereignty of ​​but also related to jointly protecting the sea and islands sovereignty. In addition, the fishing vessel monitoring equipment also creates conditions to support fishermen to comply with the law, contributing to overcoming the European "yellow card", helping the authorities to monitor and timely supporting fishermen to fish safely in Vietnamese waters. (2 typical rules on exporting Vietnamese seafood to the EU, directly related to the urgency in installing equipment to monitor fishing vessels: Rules on traceability for imported seafood products entry into the EU market (No. 1379/2013) effective from December 2014. As a rule, product labels must provide accurate information on harvesting and production. Catch Certificate - prevent illegal fishing: To prevent illegal fishing, caught seafood for import or transfer to EU ships must have a catch certificate for EU markets).

Binh Dinh is a province with developed fisheries of the whole country, especially offshore fishing activities. The province has 6,118 fishing vessels, of which 3,118 fishing vessels with a length of 15 meters or more must install cruise monitoring equipment as prescribed. The marine economy is considered a key industry of the province, contributing to job provision, poverty reduction and income improvement for fishermen.

However, offshore fishing activities often face many risks of natural disasters, overcoming the "yellow card" of Europe is facing a number of difficulties, including the fact that fishing vessels have not been installed with monitoring equipment for operation management at sea and serve the traceability of aquatic products.

At the same time, the situation in the East Sea is complicated currently, some overlapping areas between countries in the region have not yet been demarcated. Therefore, the installation of journey monitoring equipment on fishing vessels for is extremely urgent, such as "magic eyes" to assist ships in determining coordinates and position of ships, ensuring legal fishing and maintaining territorial sovereignty.

Mr. Ho Quoc Dung, Chairman of Binh Dinh People's Committee delivered a speech at the Awarding Ceremony

Former President Truong Tan Sang called on sponsors and functional agencies to continue to support fishing vessel monitoring equipment for fishermen in Binh Dinh. At the same time, Mr. Truong Tan Sang also suggested that Binh Dinh province focus on completing the installation of fishing vessel monitoring equipment in the province in November this year.

On the side of the fishermen, former President Truong Tan Sang hoped that Binh Dinh fishermen would continue to work on the sea for not only economic development but also insurance of security and national sovereignty.

Former President Truong Tan Sang and leaders of Binh Dinh province presented journey monitoring equipment on fishing vessels 

Communication Department.

On February 2^nd, to implement the SAIGONTEL's program "Warm Tet – Full Tet", the Board of Directors of Saigon Ham Tan Tourist Joint Stock Company (SHTC) - a member company of SAIGONTEL Group - also launched the program "Tet for the poor" took place in Tan Binh commune, Lagi town, Binh Thuan province.

This charity trip has the attendance of Mr. Nguyen Huy Duc - CEO of SHTC and representatives of the Chairman of Tan Binh commune, Lagi town and SAIGONTEL's Communication Department.

Representatives’ leaders of La Gi town and SHTC's Board of Directors and employees presented gifts to poor families and households in the locality 

Through the program, SHTC company gave 100 gifts which is worth of 550 thousand VND/ gift to policy families and poor households in the locality. Warm and meaningful Tet gifts were given to the right people to help sharing difficulties with people in Tan Binh commune, Lagi town - one of the localities still facing many difficulties in Binh Thuan province.

Leaders of La Gi town give flowers to thank for SHTC company 

Communication Department.