On September 25th, TNG Investment and Trading Joint Stock Company held a ceremony to sign bond investment contract with ASAM Investment Fund (Korea).

Participants included: Nhu Van Tam, Member of Standing Committee of Provincial Party Committee, Standing Vice Chairman of Provincial People's Committee; Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association; Representatives of departments, provincial business associations, investors, consultants and branches of banks in the province.

After more than four years of successful equitization of state-owned enterprises, TNG officially listed shares on the stock exchange in 2007, with the stock code "TNG". With a modest capital of VND54.3 billion, the chartered capital has increased by nearly 10 times and total assets of VND3,000 billion. At present, TNG is not only strong in export but also boost sales in domestic market by own fashion brand owned by TNG.

With the brand name and prestige of the business, ASAM Fund - an investor from Korea has officially cooperated with the company in the issuance of corporate bond package worth 200 billion.

As known, ASAM Fund is an investment fund based in Seol Korea, with 22 years of successful operation in the field of: investment consulting services; asset management services; mixed investment business ...

In August, TNG made a breakthrough with monthly revenue of VND459 billion, up 147% over the same period; Accumulated revenue in the first eight months reached VND2,359 billion, equaling 86% of the year plan. It is estimated that in 2018, TNG is expected to achieve revenue of 3,450 billion dong, up 125% against the plan; After-tax profit is expected to reach VND157 billion, up nearly 124% compared with the plan…

 

TRANSLATION: BUI MINH PHUONG