BIDV and TTC Land Forge Collaborative Sponsorship for TTC Plaza Da Nang Project

The collaborative sponsorship event for the TTC Plaza Da Nang project took place on December 19, 2023, at the My Dinh branch headquarters in Hanoi, Vietnam. This significant collaboration brought together the Bank for Investment and Development of Vietnam (BIDV) and Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land).

Mr. Vo Quoc Khanh, CEO of TTC Land, and Mr. Nguyen Giang Nam, Director of BIDV My Dinh branch, alongside leaders from both sides at the collaboration event

The event marks a milestone in the trend of collaborative development, contributing synergistically to the operational effectiveness of all involved parties. The objective is to create a perfect, integrated complex that provides the Da Nang real estate market with high-quality products, catering to the diverse living, working, and leisure needs of its residents.

As part of the collaboration, the BIDV My Dinh branch will provide financial backing for the TTC Plaza Da Nang project developed by TTC Land. This complex comprises 18 floors, featuring 4 commercial floors, 126 tourist apartments, 150 hotel rooms, and over 30,000 square meters of office space for lease.

Situated on the bustling Dien Bien Phu Street, with a strategic location boasting four road frontages and proximity to the International Airport, TTC Plaza Da Nang is poised to become a focal point in the commercial real estate landscape of Da Nang City. With a total construction floor area exceeding 122,000 square meters and the advantage of a prime coastal city location, TTC Plaza Da Nang is positioned as an emblem of a youthful and dynamic Da Nang, an ideal place for residents and tourists to fully embrace the myriad emotions of the "livable city."

Rendering of TTC Plaza Da Nang Project

The TTC Plaza Da Nang Complex project also signifies a robust leap forward in the development trajectory of TTC Land and the TTC Group at large in the Central region. This initiative opens up a series of nationwide activities featuring the TTC Plaza brand across various product lines such as Commercial Centers, Offices, Hotels, and Service Apartments. Notable projects in this series include TTC Plaza Tay Ninh, TTC Plaza Binh Thanh (Ho Chi Minh City), TTC Plaza Duc Trong (Lam Dong), among others.

During the ceremony, Mr. Le Ngoc Lam, CEO of BIDV, congratulated the new milestone in the collaboration between BIDV in general and the My Dinh branch in particular, with TTC Land. He expressed hope for the enhancement and expansion of collaborative relationships in various domains, as well as the implementation of cross-selling activities to leverage each other's strengths, thereby contributing to the operational efficiency of both parties.

Mr. Le Ngoc Lam, CEO of BIDV, expresses the desire for both parties to further strengthen their collaborative relationship.

In his address during the ceremony, Mr. Dang Van Thanh, Chairman of TTC Group, highlighted the Group's 44-year journey of formation and development. He emphasized that TTC's investment portfolios align with essential development trends, ensuring environmental sustainability. In the real estate sector, starting from 2024, TTC Land will embark on pivotal projects, such as the TTC Plaza Da Nang project, strategically positioned in the coastal city with the advantage of four road frontages. This project offers a diverse range of products that meet customer demands and preferences after TTC Land gained significant experience from the market.

Mr. Dang Van Thanh affirmed BIDV's status as one of Vietnam's major banks and acknowledged the consistent support and collaboration of BIDV with the TTC Group. He expressed confidence that the collaboration between BIDV and TTC Land, occurring just days before the end of the 2023 financial year, serves as a promising start for 2024. It contributes to the synergy of ecosystems and strengths, and he believes the bilateral relationship will reach new heights, bringing efficiency to both parties and contributing to the local economic development.

Mr. Dang Van Thanh, Chairman of the TTC Group.

After 20 years of establishment and development, TTC Land has positioned itself as a reliable address for community needs, making a solid contribution to the development of each locality where TTC Land implements projects. In the real estate product strategy for 2021 - 2025 and the vision until 2030, TTC Land's products will include residential, commercial, and health resort real estate with enhanced amenities to improve the quality of life and living standards for the community.

In the upcoming potential project portfolio of TTC Land, TTC Plaza Da Nang stands out with a significant revenue proportion from leasing activities. This not only reflects a shift in TTC Land's business strategy but also showcases its ability to develop and generate profits efficiently through asset management. Optimizing revenue from leasing operations and management services has become an integral part of the company's development strategy