T&T Group and the problem of creating new growth poles

Hoàng Lan |

In the new development cycle, T&T Group expands investment, creating growth poles with infrastructure, logistics, energy, urban and financial ecosystems.

From growth poles to "future designs

In just the first half of the year, T&T Group continuously promoted investment in Lam Dong, Can Tho, Quang Tri, Bac Ninh and Dak Lak. The appearance of Chairman Do Quang Hien from North to South shows that the group is not only expanding its investment area but also pursuing a strategy to create new growth poles based on ecosystem thinking and the unique advantages of each locality.

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In just the first half of the year, Bau Hien's T&T Group continuously promoted investment in Lam Dong, Can Tho, Quang Tri, Bac Ninh and Dak Lak. Photo: T&T Group

T&T's destinations are all located in strategic development spaces of Vietnam such as the Central Highlands, Mekong Delta, East-West Economic Corridor and industrial centers in the North.

In Dak Lak, instead of proposing a single project, T&T offers a multi-polar development model with a financial center, urban areas and a chain of energy projects of nearly 1,000 MW.

In Lam Dong, the group chose an approach from history and the highland identity. T&T proposed researching many large projects such as Lugano Dalat inspired by the Cadro - Lugano region (Switzerland), developing the Nam Phuong Lake area (Bao Loc) to restore the value of the "silk capital", and investing in the Bao Loc - Lien Khuong expressway to complete connecting infrastructure. The common point is to exploit history, culture and heritage as development resources in parallel with infrastructure and land funds.

In Quang Tri, on the basis of Quang Tri Airport, T&T proposes to study a complex of about 11,577 ha, including a free trade center, airport city, science - innovation city and aerospace industrial park. This orientation goes beyond the scope of an airport, towards a new economic ecosystem combining aviation, logistics, high technology and innovation on the East-West Economic Corridor.

In the North, Cao Bang opens up a new border gate economic development direction at Tra Linh International Border Gate with an integrated ecosystem of logistics, trade, processing industry and services, suitable to T&T's experience. A similar approach is also being implemented by the group in Can Tho, Ca Mau, Vinh Long and Bac Ninh.

Three decades of accumulation for a new cycle

T&T's expansion strategy takes place in the context of Vietnam entering a new development cycle. Resolution 68-NQ/TW identifies the private economy as one of the most important drivers of the economy, along with the process of restructuring development space and implementing regional planning. Competition no longer stops at land funds or individual projects but aims to form new growth poles.

After more than three decades of development, from a commercial enterprise, T&T has expanded to finance, industry, energy, logistics, transportation infrastructure, aviation and real estate. This process helps the group build a comprehensive investment ecosystem and accumulate capacity to implement large-scale projects.

Sau hơn 3 thập kỷ tích lũy, T&T hình thành hệ sinh thái đầu tư ngày càng hoàn chỉnh. Ảnh: T&T
After more than 3 decades of accumulation, T&T has formed an increasingly complete investment ecosystem. Photo: T&T

In the energy sector, the Savan 1 wind power project in Laos is a clear example. To put the project into operation, T&T and partners built dozens of kilometers of cross-border roads and transmission lines, turning the area with almost no infrastructure into one of the largest cross-border wind power projects in the region.

In the field of logistics and infrastructure, Vietnam SuperPort and projects such as Quang Tri Airport, Bao Loc - Lien Khuong expressway, Ring Road 4 - Capital Region or Hai Lang LNG Power Center show their ability to participate in infrastructure and regional linkage problems. Meanwhile, large-scale urban areas in many localities reflect the ability to shape a new urban space.

These projects not only generate assets or revenue but also help T&T accumulate the capacity to organize complex development ecosystems, where infrastructure, logistics, energy, finance and urban areas operate synchronously.

Therefore, T&T's question is no longer which field to invest in, but to find development spaces large enough for these capabilities to converge and create growth momentum. This is also why the group's proposals often include many fields instead of individual projects.

According to Chairman Do Quang Hien's investment philosophy, the growth of private enterprises must be linked to the development of the country and each locality. Each project is not only aimed at business efficiency but also creates value by opening up new economic sectors, attracting resources and creating more development opportunities for localities.

The gap between idea and reality always exists, but T&T's plans are backed by projects that have been and are being formed, from Savannakhet wind power, Vietnam SuperPort, strategic infrastructure projects to large-scale urban areas. These are proofs of the ability to turn long-term ideas into reality.

On Vietnam's new growth map, the lands selected today may become development poles in the future. And T&T is not only looking for investment opportunities, but also aiming for the role of accompanying and creating development momentum for each locality.

Hoàng Lan
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