Recently, Thanh Thanh Cong Industrial Park Joint Stock Company (TTC IZ) received the results of the credit rat...
Recently, Thanh Thanh Cong Industrial Park Joint Stock Company (TTC IZ) received the results of the credit rating of "vnA" and "Stable" prospects by Saigon Ratings.
TTC IZ is a member of TTC Group – one of the multidisciplinary investment economic groups in Vietnam operating in the fields of agriculture, energy, real estate, industrial real estate, tourism and education, with more than 120 affiliated units in provinces and cities in the country and in Laos, Cambodia, Singapore, Australia...
TTC IZ is the core of Thanh Thanh Cong Industrial Real Estate Corporation (TTC IR). TTC IZ's main business sectors are: investment, construction, marketing of industrial park infrastructure and support services provided to customers in industrial parks; Warehouse - workshop for rent; Trading in river ports, providing parcel logistics services...
Saigon Ratings Announces TTC IZ Credit Rating Results at "vnA" Level and "Stable" Outlook
With the aim of increasing transparency and objectivity in terms of quality and operational efficiency, TTC IZ has proactively and independently assessed the credit by a third party in order to provide reliable information and risk assessment to shareholders, partners, customers, investors. As a result, on 26.5.2023, Saigon Ratings announced the results of TTC IZ's credit rating at "vnA" and "Stable".
Planning to expand its business in 2024 and 2025, TTC IZ will continue to expand existing industrial parks, invest in Long An industrial parks and Tay Ninh industrial clusters
TTC IZ's outlook is assessed as "stable" assuming that the remaining commercial land of more than 50 hectares will continue to be leased to clients in 2023. With 2 target markets: (i) Domestic Market: Focus on tapping into existing customers who need to expand and relocate production activities and (ii) Foreign Markets: Singapore, Japan, Korea, EU – are countries that are changing investment trends away from China.
TTC IZ is increasingly completing technical infrastructure, landscaping works of industrial parks, construction of smart ecological industrial parks in the direction of sustainable green development
Business development plan over the next 2 years 2024 - 2025, the company will continue to expand existing industrial parks, invest in Long An industrial parks and Tay Ninh industrial clusters.
TTC IZ's industrial park rental revenue is expected to grow at a compound annual growth rate of 22% over the 2023-2025 period. The above credit rating results are attributable to the trust and camaraderie of partners, customers and shareholders. This is also TTC IZ's motivation to become an increasingly complete technical infrastructure, especially the landscape of industrial parks, by building parks ecological, intelligent industrial solutions in the direction of sustainable green development. In addition, TTC IZ with a land rental pricing policy that is competitive with other industrial parks in the region, TTC IZ is expected to maintain stable revenue growth over the next 24 months.
Via Bao Thanh Nien