Thanh Thanh Cong – Bien Hoa JSC | APEA - Asia Pacific Enterprise Awards Asia Pacific Enterprise Awards
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CORPORATE EXCELLENCE CATEGORY

Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS, HOSE: SBT)

Information about the Company
As a multinational agricultural company, Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS, HOSE: SBT) always determine expanding TTC AgriS’s brand value on a global scale and strengthening the position of Vietnam's agriculture 4.0 in the international arena. Building a position as the Leading provider of comprehensive agricultural solutions from farm to fork and customer's factories, TTC AgriS is actively transforming its business and management model from pure Agricultural Production to a Smart Agricultural Economic model, that integrates Production – Import & Export – Agriculture trade services based on the multinational development platform.

For more than 50 years of operation, TTC AgriS has always been steadfast on the journey of sustainable development. It upholds the "Green" business strategy as a development foundation and a competitive advantage through drastically transforming and shifting focus on synergies from internal strengths that integrate Environmental, Social, and Governance (ESG) into operations. It believes that its sustainable development strategy is a prerequisite for TTC AgriS to further expand its reach and participate more deeply and effectively in the Agri and food business.

The company’s vision is to become the region's leading solution provider of traceable and sustainable agricultural products. Its mission is to build advanced and sustainable agriculture that provides energy and nutrients of natural origin which is non-GMO.

Company Culture & Company Activities
Corporate culture is one of the core values that have a decisive influence on the competitiveness and sustainable development of TTC AgriS. The company’s corporate culture focuses on development and is considered a guideline for sustainable and stable development.

With the philosophy of "Human resources are the most valuable assets of enterprise", over the years, TTC AgriS has always strived to build a team of talented, dedicated, and united human resources to create the best excellent business results, outstanding achievements, and sustainable values for the Company. Each member has a lot of opportunities for career advancement through the program of planning to development and a series of action programs to improve the team's capacity.

With the campaign "Millions of sweet things from SBT" launched in March 2020, more than 160 social security sponsorship programs have been deployed, with a total cost of more than VND45 billion. In addition, TTC AgriS also implements the "Book and Earth Day 2022" Program and builds a bridge in the Nga Nam area, My Binh commune, and Soc Trang province. TTC AgriS sponsored 50 orphans during the Covid-19 epidemic until 18 years old with a budget of up to VND8.5 billion.
Achievements & Impact
In FY 2021-2022, TTC AgriS continued to maintain its leading position in the Sugar industry. It owns 46% of the domestic market share with a volume of over 1 million tons. The Company’s consolidated net revenue reached VND18,319 billion, a YOY increase of 23% and fulfilling 108% of the target. Earnings before tax (EBT) reached VND1,046 billion, up by 33% compared to the same period last year, and hit more than 139% of the target.

Consistent in the green business strategy for the 2021-2022 period, TTC AgriS is a reliable partner of financial institutions to expand effective capital mobilization activities. In FY 2021-2022, TTC AgriS was honored in the category of The Best Local Currency Bond 2021 for the bond issuance deal of VND1,900 billion with Techcombank, further affirming TTC AgriS’s position and prestige in the domestic and international capital markets. It has also restructured domestic and foreign capital, and successfully opened a new credit line of USD100 million at banks; at the same time increased the internal capital limit of domestic banks to 3,500 billion dongs.

Future Direction
The company aims to quickly transform into a Commercial Value Chain business model to become The Region’s leading solution provider of traceable and sustainable agricultural products, participating in the international value chain on a large scale, completing the product and service ecosystem, orienting the market, thereby anticipating all customer needs.

To become a high-tech integrated business enterprise, TTC AgriS’s Commercial Value Chain will include 3 management centers, namely Agriculture Center, Production Center, and Commercial Center, to operate in unison in TTC AgriS's digital ecosystem, providing opportunities for participation and maximum benefits for farmers, suppliers, customers, investors, bankers, employees, and government agencies involved in the Comprehensive Value Chain.

CORPORATE EXCELLENCE CATEGORY

Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS, HOSE: SBT)

Information about the Company
As a multinational agricultural company, Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS, HOSE: SBT) always determine expanding TTC AgriS’s brand value on a global scale and strengthening the position of Vietnam's agriculture 4.0 in the international arena. Building a position as the Leading provider of comprehensive agricultural solutions from farm to fork and customer's factories, TTC AgriS is actively transforming its business and management model from pure Agricultural Production to a Smart Agricultural Economic model, that integrates Production – Import & Export – Agriculture trade services based on the multinational development platform.

For more than 50 years of operation, TTC AgriS has always been steadfast on the journey of sustainable development. It upholds the "Green" business strategy as a development foundation and a competitive advantage through drastically transforming and shifting focus on synergies from internal strengths that integrate Environmental, Social, and Governance (ESG) into operations. It believes that its sustainable development strategy is a prerequisite for TTC AgriS to further expand its reach and participate more deeply and effectively in the Agri and food business.

The company’s vision is to become the region's leading solution provider of traceable and sustainable agricultural products. Its mission is to build advanced and sustainable agriculture that provides energy and nutrients of natural origin which is non-GMO.

Company Culture & Company Activities
Corporate culture is one of the core values that have a decisive influence on the competitiveness and sustainable development of TTC AgriS. The company’s corporate culture focuses on development and is considered a guideline for sustainable and stable development.

With the philosophy of "Human resources are the most valuable assets of enterprise", over the years, TTC AgriS has always strived to build a team of talented, dedicated, and united human resources to create the best excellent business results, outstanding achievements, and sustainable values for the Company. Each member has a lot of opportunities for career advancement through the program of planning to development and a series of action programs to improve the team's capacity.

With the campaign "Millions of sweet things from SBT" launched in March 2020, more than 160 social security sponsorship programs have been deployed, with a total cost of more than VND45 billion. In addition, TTC AgriS also implements the "Book and Earth Day 2022" Program and builds a bridge in the Nga Nam area, My Binh commune, and Soc Trang province. TTC AgriS sponsored 50 orphans during the Covid-19 epidemic until 18 years old with a budget of up to VND8.5 billion.
Achievements & Impact
In FY 2021-2022, TTC AgriS continued to maintain its leading position in the Sugar industry. It owns 46% of the domestic market share with a volume of over 1 million tons. The Company’s consolidated net revenue reached VND18,319 billion, a YOY increase of 23% and fulfilling 108% of the target. Earnings before tax (EBT) reached VND1,046 billion, up by 33% compared to the same period last year, and hit more than 139% of the target.

Consistent in the green business strategy for the 2021-2022 period, TTC AgriS is a reliable partner of financial institutions to expand effective capital mobilization activities. In FY 2021-2022, TTC AgriS was honored in the category of The Best Local Currency Bond 2021 for the bond issuance deal of VND1,900 billion with Techcombank, further affirming TTC AgriS’s position and prestige in the domestic and international capital markets. It has also restructured domestic and foreign capital, and successfully opened a new credit line of USD100 million at banks; at the same time increased the internal capital limit of domestic banks to 3,500 billion dongs.

Future Direction
The company aims to quickly transform into a Commercial Value Chain business model to become The Region’s leading solution provider of traceable and sustainable agricultural products, participating in the international value chain on a large scale, completing the product and service ecosystem, orienting the market, thereby anticipating all customer needs.

To become a high-tech integrated business enterprise, TTC AgriS’s Commercial Value Chain will include 3 management centers, namely Agriculture Center, Production Center, and Commercial Center, to operate in unison in TTC AgriS's digital ecosystem, providing opportunities for participation and maximum benefits for farmers, suppliers, customers, investors, bankers, employees, and government agencies involved in the Comprehensive Value Chain.