TTC Group

What TTC Group does

TTC Group (Công ty Cổ phần Đầu tư Thành Thành Công) is a privately-held Vietnamese multi-sector conglomerate headquartered in Ho Chi Minh City, operating across six core sectors: Agriculture, Energy, Real Estate, Industrial Real Estate, Hospitality, and Education. The group traces its origins to the 1969 establishment of the Bien Hoa Sugar brand and was formally registered as a legal entity on July 25, 2007. Three of its operating subsidiaries — TTC AgriS (HOSE: SBT), Gia Lai Power Corporation (HOSE: GEG, listed September 2019), and TTC Hospitality (HOSE: VNG) — are publicly listed on the Ho Chi Minh Stock Exchange, while the parent remains privately held. The group's agricultural business spans sugar production under the 55+ year old Bien Hoa Sugar brand, tea, and coconut water (Cocoxim via Betrimex), with cross-border raw material areas exceeding 72,000 hectares across Vietnam, Laos, Cambodia, and Australia, anchored by TTC AgriS's exclusive John Deere distribution franchise in Vietnam.

The group operates an integrated Circular Agriculture Ecosystem built on three technology pillars — AgTech (Agricultural Technology), FoodTech (Food Technology), and FinTech (Financial Technology) — running on an ESG platform with the proprietary FRM (Farmer Relationship Management) digital farming tool. The energy business, led by GEC with nearly 40 years of renewable energy experience, develops solar, hydropower, hydrogen, and waste-to-energy projects; GEC commissioned Vietnam's first two grid-connected solar power plants at Phong Dien (Hue) and Krong Pa (Gia Lai). Real estate operations span TTC Land (residential and commercial, including TTC Plaza Da Nang and the Selavia urban development in Phu Quoc) and TTC Industrial Real Estate (industrial parks and warehouses across southern Vietnam's key economic corridors), while TTC Hospitality runs nearly 20 tourism destinations across Vietnam and Siem Reap, Cambodia, plus the D-Joy Pickleball sports platform.

TTC Group generates revenue through a diversified mix: hardware sales (sugar, machinery, beverages), recurring energy generation, one-time real estate sales and recurring leasing in industrial parks, hospitality and tourism services, and education tuition. The customer base spans agricultural producers, energy consumers and investors, residential and commercial property buyers, manufacturing tenants, tourism guests, and students — with no publicly disclosed pricing model or named anchor customers. The group employs 5,001-10,000 people and is led by Chairman Dang Van Thanh, Vice Chairman Dang Hong Anh, and Chairman of the Board Pham Hong Duong, with Dang Hong Anh additionally serving as Chairman of the Vietnam Young Entrepreneurs Association for the 2025-2030 term.

Name

TTC Group

Legal name

Công ty Cổ phần Đầu tư Thành Thành Công

Website

https://ttcgroup.vn

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

TTC Group is a privately-held Vietnamese conglomerate operating across agriculture, renewable energy, real estate, industrial parks, hospitality, and education, serving farmers, energy off-takers, property buyers, industrial tenants, tourists, and students across Vietnam, Laos, Cambodia, and Australia.

Ownership category

akta.pro rank

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Personnel, Operations, Technology or R&D

Revenue model

1. Agricultural Products: Sugar production (Bien Hoa Sugar brand with 55+ years history), agricultural solutions, machinery distribution (John Deere), and cross-border raw material areas spanning Vietnam, Laos, Cambodia, and Australia.
2. Energy Generation: Renewable energy generation through GEC (Gia Lai Power Corporation) including solar power plants, hydropower, and research into emerging energy solutions. GEC listed on HOSE since September 2019.
3. Real Estate Development: Property development through TTC Land with over 22 years of experience, including residential and commercial projects.
4. Industrial Real Estate: Industrial zone ownership and management through TTC Industrial, providing factories, warehouses, and industrial infrastructure.
5. Hospitality Services: Tourism operations through TTC Hospitality (VNG on HOSE) including accommodations, entertainment, conference facilities, and restaurants across nearly 20 destinations in Vietnam and Cambodia.
6. Education Services: Educational institutions from primary to university level plus TTC International Research and Training Institute.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

TTC Group is a diversified Vietnamese conglomerate operating across six core sectors: agriculture (sugar, coconut water, tea, and farm machinery distribution), renewable energy, real estate, industrial real estate, hospitality/tourism, and education. It develops, produces, and sells products and services through multiple listed and wholly owned subsidiaries.

Product overview

TTC Group is a diversified Vietnamese conglomerate organized into six core business sectors. Its Agriculture sector (led by TTC AgriS) encompasses sugar production (Đường Biên Hòa brand), coconut water (Cocoxim), tea (TTC Thành Ngọc), and cross-border raw material operations across 4 countries exceeding 72,000 hectares, built on an AgTech-FoodTech-FinTech ecosystem with John Deere as the sole distributor in Vietnam. The Energy sector (led by GEC/HOSE: GEG) develops solar, hydro, hydrogen, and waste-to-energy projects with nearly 40 years of experience. Real Estate (TTC Land) and Industrial Real Estate (Thanh Thanh Cong Industrial Real Estate) develop residential, commercial, and smart ecological industrial park projects across Vietnam. Hospitality (TTC Hospitality/HOSE: VNG) operates accommodation, entertainment, and conference venues at nearly 20 destinations in Vietnam and one in Cambodia, including the D-Joy Pickleball sports platform. Education (TTC Education) runs a full education chain from primary school to university plus the International Research and Training Institute. Supporting these are TTC Imex (import-export), TTC Logistics, TTC Phú Quốc, TTC Energy Solar, and Thanh Thanh Nam. Key branded products include Selavia (urban development), T-FLY (transportation optimization), and Eoffice (IT solutions). The group's subsidiaries are independently listed or operated alongside the parent holding structure.

Differentiator

Problem solved

Functional benefit

Brands

• TTC AgriS: Agriculture sector focusing on sugar and comprehensive agricultural solutions
• TTC Land
• TTC Hospitality
• TTC IZ
• TTC Education
• D-Joy
• Selavia
• TTC Plaza
• T-FLY
• Cocoxim
• TTC Energy

Products and services

• TTC AgriS Agricultural business unit specializing in sugar production under the Bien Hoa Sugar brand (over 55 years), operating cross-border raw material areas exceeding 72,000 hectares across Vietnam, Laos, Cambodia, and Australia. Offers comprehensive agricultural solutions on a circular agriculture ecosystem across AgTech, FoodTech, and FinTech on an ESG platform. Sole John Deere distributor in Vietnam.
• GEC (Gia Lai Power Corporation) Energy business unit listed on HOSE (ticker: GEG), with nearly 40 years of renewable energy experience. Develops solar power, pumped-storage hydropower, hydrogen, and waste-to-energy projects. First to commission two solar power plants in Vietnam at Phong Dien (Hue) and Krong Pa (Gia Lai).
• TTC Land Real estate business unit with over 22 years of history developing residential and commercial real estate products in Vietnam.
• TTC Industrial (Thanh Thanh Cong Industrial Real Estate Corporation) Industrial real estate business unit owning multiple industrial parks and clusters with warehouse and factory systems in prime locations across key economic regions of southern Vietnam, aiming to be a smart ecological industrial park.
• TTC Hospitality Hospitality and tourism business unit listed on HOSE (ticker: VNG), operating a closed-loop system of accommodation, entertainment, and conference/restaurant facilities at nearly 20 destinations across Vietnam and one in Siem Reap, Cambodia.
• TTC Education Education business unit with a training system spanning primary school to university level, including the TTC International Research and Training Institute (Vien IRT).
• Yersin University University operated by TTC Education providing higher education programs.
• TTC Imex Import-export business unit handling international trade operations across the group's portfolio.
• TTC Logistics Logistics business unit providing transportation and logistics services supporting the group's operations.
• Selavia Real estate product positioned as 'City of Vietnamese Identity,' a residential/urban development project on Phu Quoc island targeting sustainable tourism development.
• D-Joy Sports and entertainment platform operated by TTC Hospitality, organizing Pickleball tournaments including the D-Joy Pickleball Tour and D-Joy Junior World Championship.
• T-FLY Transportation cost optimization service for shippers, helping logistics operators reduce transportation expenses.
• Duong Bien Hoa (Bien Hoa Sugar) Flagship sugar brand of TTC AgriS, established over 55 years ago, representing Vietnam's leading sugar industry brand.
• Cocoxim Coconut water product produced by Betrimex (Ben Tre Import-Export Joint Stock Company), part of TTC AgriS's portfolio of high-nutrition beverages.
• TTC Thanh Ngoc Tea production company operating within the agriculture sector with tea cultivation and processing operations.

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core, major and minor.

• John DeerecoreChannel Partner/ Reseller/ DistributorTTC AgriS is the sole distributor of John Deere machinery and equipment in Vietnam, providing American-origin agricultural machinery to meet diverse farming needs and contribute to agricultural modernization.
• Vietnam AirlinesmajorStrategic or Co-development PartnerComprehensive strategic cooperation agreement signed between TTC Group and Vietnam Airlines for integrated service offerings.
• FPTmajorTechnology or IntegrationTechnology cooperation partnership with FPT Corporation for digital transformation and technology solutions.
• PJICOminorStrategic or Co-development PartnerCooperation partnership with PJICO (Petroleum Insurance Corporation) for insurance-related services.
• Viettel WarehousingmajorStrategic or Co-development PartnerTTC IZ signed investment cooperation agreement with Viettel Warehousing for logistics and warehousing infrastructure development.
• StavianmajorStrategic or Co-development PartnerStrategic cooperation partnership with Stavian Group for business development and market expansion.
• De HeusmajorStrategic or Co-development PartnerJoint solar power development initiative between Hùng Nhơn - De Heus - Bel Gà - TTC Energy for renewable energy projects.
• Hùng Nhơn GroupmajorStrategic or Co-development PartnerPartnership for integrated agricultural and energy solutions including solar power development on agricultural land.
• Bel GàmajorStrategic or Co-development PartnerCollaboration in solar energy development projects alongside Hùng Nhơn, De Heus, and TTC Energy.
• Queensland Government (Australia)majorStrategic or Co-development PartnerSmart agriculture cooperation with Queensland state government to expand raw material areas in Australia to 20,000 hectares and apply digital farming technology.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Sovico Group: Privately-held Vietnamese conglomerate with aviation (Vietnam's HDBank, VietJet exposure), real estate, and energy interests. Directly comparable as a multi-sector Vietnamese group with overlapping energy and real estate exposure.
• CT Group: Vietnamese multi-sector group operating in real estate, energy, consumer goods, and F&B. Comparable as a privately-held Vietnamese conglomerate with overlapping real estate and consumer-product exposure.
• Vingroup: Vietnam's largest private conglomerate (HOSE: VIC), spanning real estate, hospitality, education (Vinschool/VinUni), retail, and automotive. Closest direct peer given overlapping real estate, hospitality, and education verticals within Vietnam.
• HAGL (Hoang Anh Gia Lai): Vietnamese conglomerate (HOSE: HAG) historically focused on rubber and agriculture with significant Laos and Cambodia cross-border acreage. Comparable for cross-border agricultural raw material operations in Indochina.
• Masan Group: HOSE-listed Vietnamese consumer/retail conglomerate (MSN) with major agriculture and food-processing operations (Masan Consumer, Masan MEATLife). Comparable for the agriculture-to-consumer food pipeline and listed-subsidiary structure.
• Hoa Phat Group: Largest Vietnamese steel producer (HOSE: HPG) with diversified agriculture and real estate operations. Comparable as a large Vietnamese conglomerate spanning industrial production, agriculture, and real estate.

Regional players

• Ayala Corporation: Philippine holding conglomerate with real estate, banking, telecommunications, and energy subsidiaries. Comparable for the holding-company structure managing listed operating subsidiaries across diverse sectors.
• San Miguel Corporation: Philippine conglomerate spanning food/beverage, packaging, energy, and infrastructure. Comparable for diversified conglomerate model combining agriculture/consumer with energy and infrastructure exposure.
• Charoen Pokphand (CP) Group: Thailand-based conglomerate and one of Asia's largest agriculture/FoodTech operators with extensive cross-border footprint in Vietnam and ASEAN. Comparable for integrated AgTech-FoodTech-retail platform model.
• Sime Darby Plantation: Malaysian-listed large-scale agricultural plantation company with operations across Southeast Asia. Comparable for the upstream agricultural raw material area scale and multi-country plantation footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TTC Group