TTC AgriS is intensifying its efforts to realize its commitment to sustainable development to balance the ecosystem and environment, aiming for Net Zero by 2035.
TTC AgriS is the leading agricultural enterprise in Vietnam in the Southeast Asia Top 500 Fortune.
Thanh Thanh Cong - Bien Hoa Joint Stock Company (TTC AgriS, Hose: SBT) was honored to be among the 500 most profitable enterprises in Southeast Asia - Fortune 500 Southeast Asia 2024, announced for the first time by Fortune Magazine (USA). Notably, TTC AgriS is the largest Vietnamese agricultural representative in terms of revenue in this ranking.
Fortune is famous for its prestigious global rankings such as Fortune 500, Fortune Global 500, Fortune Europe 500, etc. This is the first time the leading American economic magazine has released a list for the Southeast Asian region - Fortune 500 Southeast Asia. According to Fortune magazine, these are the 500 largest enterprises representing a dynamic region, contributing approximately $4 trillion to global GDP and recording impressive growth rates.
This list was compiled by Fortune based on key criteria regarding the revenue and net profit of enterprises in 2023. Additionally, comprehensive surveys and evaluations on company size, workforce, and economic-social contributions based on official, audited reports were considered.
This year, the 500 enterprises on the list come from leading countries in the region such as Vietnam, Singapore, Thailand, Malaysia, Indonesia, Cambodia, and the Philippines. With revenue exceeding $1 billion, TTC AgriS is among the top 300 enterprises on the list and is also the leading Vietnamese agricultural enterprise in this ranking.
Continuously breaking through to affirm the position of the leading multinational agricultural enterprise in the region.
In the fiscal year 2022-2023, TTC AgriS achieved positive results with net revenue surpassing the $1 billion mark for the first time, reaching VND 24,743 billion (~$1 billion), an increase of 35% compared to the same period, completing 145% of the annual plan. Sugar consumption volume exceeded 1 million tons for the fourth consecutive year. TTC AgriS recorded a gross profit from sales and service provision of VND 2,721 billion, up 18% over the same period. This shift in revenue structure has confirmed that TTC AgriS is on the right track towards a comprehensive agricultural value chain, operating and developing a seamless product and service ecosystem, moving towards balancing and enhancing the circular agricultural value chain.
On June 17, 2024, Forbes Vietnam announced that TTC AgriS continues to be honored in the Top 50 Best Listed Companies 2024. This is the seventh consecutive time TTC AgriS has been honored in this prestigious ranking. Previously, at the 16th annual Global CSR & ESG Summit and Awards 2024 conference and awards ceremony, TTC AgriS received a series of prestigious Global CSR & ESG Enterprise awards for the second consecutive year, continuing its journey to strengthen the position of a sustainable multinational agricultural enterprise globally.
Continuing the 55-year journey of service, fostering sustainable development for agriculture globally.
TTC AgriS is currently a multinational agricultural enterprise, leading Vietnam's sugar industry with a 46% domestic market share and presence in over 50 international export markets. It is also the country's leader in cross-border raw material areas, with a total area exceeding 71,000 hectares spanning Vietnam, Laos, Cambodia, and Australia. The diverse product portfolio includes natural nutritional products with an optimized and expanded crop value chain, including sugarcane, coconut, banana, and rice. With the strategic development orientation of the company to 2025 and vision to 2030, especially enhancing presence in the potential global F&B market, TTC AgriS aims for revenue of VND 60,000 billion by 2030. This demonstrates the company's strong capacity, continuing its journey to expand customer segments, conquer new consumer markets, and affirm its position as the leading multinational agricultural enterprise in the region.
With a core "Green" business strategy, serving as both a development foundation and a competitive advantage to ensure integrated circular economic efficiency with ESG issues and providing the market with green energy solutions from clean production, TTC AgriS is pushing efforts to realize its commitment to sustainable development, aiming for Net Zero by 2035, contributing to economic and social development, sharing achievements with stakeholders, and promoting the position of a modern sustainable national agriculture.
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