Tan Tao Group Explained

ITACO
Type:Publicly listed subsidiary
Traded As:ITA
Industry:Infrastructure development, Real estate
Products:Industrial park development, real estate investment, property management
Equity:$736.96 million (as of December 2021)
Founder:Mme. Dang Thi Hoang Yen
Hq Location:Binh Tan District, Ho Chi Minh City, Vietnam
Homepage:www.itaexpress.com.vn

Tan Tao Group is a leading industrial park and infrastructure developer in Vietnam, specializing in industrial parks development, land development, infrastructure and power development, and telecom and network development.[1] Tan Tao Group's key subsidiary, Tan Tao Investment & Industry Corp (“ITACO”), is the first privately managed and leading industrial park developer in Vietnam. ITACO is the first private industrial park developer listed on the Ho Chi Minh Stock Exchange (Stock Code: ITA). ITACO is one of 9 leading companies in Vietnam included into the Russell Vietnam Index 10 [2] and one of 10 companies with the largest market capitalization and highest liquidity included into S&P Vietnam 10 Index.[3] According to the 2011 ranking of Vietnam's top 1000 companies with the highest corporate income tax contribution conducted by the Vietnam Report Company in coordination with VietnamNet and Tax magazine of the General Department of Taxation, Tan Tao Investment & Industry Corporation is ranked 129th [4] and 35th [5] among Vietnam's top 200 private companies with the highest corporate income tax contribution.

History

Tan Tao Group was established in 1993 in Ho Chi Minh City originally as Hoang Yen Limited Liability Company.[6] Since its inception, Madam Dang Thi Hoang Yen has served as the group's chairwoman of the board.

Year Key Milestones
2010 The 18th one – TanTao Energy Company (TEC) was born [7] to develop one of the largest Coal-Fired Power Plants in Vietnam.[8]
2009
  • The 10th one –ITAWATER was born to operate the water treatment & sewage Treatment Plants in IPs.
  • Kien Luong infrastructure Complex Ground Breaking Ceremony
  • Dak Mi2 Hydro Power Plant infrastructure Ground Breaking Ceremony
2008
  • The 7th one – Vietnam Broadcasting Corporation (VBC) was born to be a pioneer in the Television Industry.[9]
  • Tan Tao University Ground Breaking Ceremony.
  • The 6th Bird - Tan Tao Energy Development Corporation (TEDC) was born to penetrate energy area in Vietnam.
2007
  • TanTao Group – TTG became a Branding Name.
  • Launch of Tan Duc Industrial Park - Phase 2.[10]
2006
  • The First IP development company got listed on the HOSE.[11]
  • Launch of Nhon Hoi Industrial Park.
2005 Launch of Tan Duc Industrial Park - Phase 1.[12]
2004 Launch of Tan Tao –Vinatex Industrial Park.
2003 Launch of Tan Tao Industrial Park - Phase 2.[13]
2002
  • The Fifth one - TASERCO was born to provide the first class Services for Investors.
  • US Southern Homes was the first Licensed to develop Real estate in USA.
2001 Launch of Nhon Trach Industrial Park.
2000 The Third one – ITATRANS was born to be the first ICD Port for IPs in HCM City.
1997 Launch of Tan Tao Industrial Park – Phase 1.[14]
1996 ITACO - The first private sector to be granted land for industrial park development in Vietnam.
1994 The Second Bird was Southern Engineering & Architecture Company – S.E.I was launched.
1993 The first Bird of Tan Tao Group was born – Hoang Yen Company Limited.

Businesses

Tan Tao Group 's major subsidiaries include:

Investments

Since its initial operation in 1996, the Group has developed several large-scale industrial parks in Vietnam. For industrial parks, the Group provides ancillary services to tenants such as waste treatment services, security services, utilities and telecommunications services.

The Group has been developing Kien Luong thermal power complex with an aggregate capacity of 4,400-5200 MW in Kien Luong province [19] in the South of Vietnam and several hydro projects which will represent over 10% of the country's installed capacity by 2020. The Complex comprises three coal-fired power plants (Phase I: 1,200 MW, Phase II: 1,200-2,000 MW, and Phase III: 2,000 MW). The Complex is planned to be one of the largest power generation complexes in the country meeting the power requirement of the Southern Vietnam.

Charity activities

On September 30, 2007, Tan Tao Group launched three Foundations:[20] ITA Scholarship, ITA Medical Aid and ITA Veterans Assistance with the attendance of President Nguyen Minh Triet. Since Tan Tao Group funded a total of 21 billion dong through three Foundations and hopes to continually assist the community in meeting their basic needs. Tan Tao Group hopes to encourage other corporations to join in its efforts in bettering the human lives in Vietnam.

External links

Notes and References

  1. Web site: History / Introduction / Home - "The Ita Group's official Website" . August 24, 2011 . dead . https://web.archive.org/web/20110414145959/http://tantaocity.com/eng/Introduction/History . April 14, 2011 .
  2. Web site: Russell Global Index Adds Vietnam Stocks . https://web.archive.org/web/20140221120434/http://www.reuters.com/article/2008/07/03/idUS21509+03-Jul-2008+BW20080703 . dead . 2014-02-21 . Reuters . 2008-07-02 . 2014-02-05.
  3. http://www-eq.standardandpoors.com/portal/site/sp/en/us/page.article/2,3,2,9,1204839528607.html
  4. Web site: Bảng xếp hạng . Vietnamtop1000.vn . 2014-02-05 . https://web.archive.org/web/20140221225957/http://vietnamtop1000.vn/bang-xep-hang?ref=bang-xep-hang-1000-doanh-nghiep-dong-thue-thu-nhap-nhieu-nhat-2011 . February 21, 2014 . dead . mdy-all .
  5. Web site: Bảng xếp hạng . Vietnamtop1000.vn . 2014-02-05 . https://web.archive.org/web/20120425082159/http://vietnamtop1000.vn/bang-xep-hang?ref=bang-xep-hang-1000-doanh-nghiep-dong-thue-thu-nhap-nhieu-nhat-2011&type=7,8,9,10,11 . April 25, 2012 . dead . mdy-all .
  6. Web site: World Knowledge Forum 2010 . Wkforum.org . 2014-02-05.
  7. Web site: ITA Group reports business field and personnel information to HOSE / News / ITA Securities / ITA News / Home - Thông tin Kinh tế - Công Nghiệp . En.itaexpress.com.vn . 2009-01-21 . 2014-02-05.
  8. Web site: EPC contract signed for major coal-fired power plant - Vietnam Business NewsVietnam Business News . Vietnambusiness.asia . 2010-07-06 . 2014-02-05 . https://web.archive.org/web/20111116024901/http://vietnambusiness.asia/epc-contract-signed-for-major-coal-fired-power-plant/ . November 16, 2011 . dead . mdy-all .
  9. Web site: Saigon Times Online - Savoring Slices Of Airtime Success - Savoring Slices Of Airtime Success . English.thesaigontimes.vn . 2007-10-26 . 2014-02-05 . https://web.archive.org/web/20120401222922/http://english.thesaigontimes.vn/Home/business/other/11984/ . April 1, 2012 . dead .
  10. Web site: Construction of Tan Duc Residential-Industrial-Services area (Phase 2) begins / News / Tan Tao Today / ITA News / Home - Thông tin Kinh tế - Công Nghiệp . En.itaexpress.com.vn . 2007-12-19 . 2014-02-05.
  11. Web site: ITA: Notice of the first listing and trading day . Hsx.vn . 2014-02-05 . https://web.archive.org/web/20140222024744/http://www.hsx.vn/hsx/Modules/News/NewsDetail.aspx?id=6075 . February 22, 2014 . dead . mdy-all .
  12. Web site: Tan Duc Industrial Park Development Begins / Member News / Tan Tao Today / ITA News / Home - Thông tin Kinh tế - Công Nghiệp . En.itaexpress.com.vn . 2007-12-15 . 2014-02-05.
  13. Web site: Vinh Loc Industrial Park . September 21, 2011 . dead . https://web.archive.org/web/20080416051531/http://www.eng.hochiminhcity.gov.vn/eng/data/news/2005/3/512/Tan_Tao_industrial_park.htm . April 16, 2008 .
  14. Web site: Vietnam Business Directory . En.www.info.vn . 2010-12-29 . 2014-02-05 . dead . https://web.archive.org/web/20120402095124/http://en.www.info.vn/directory/tradesmen-a-construction/construction-services/ita-group/print.html?tmpl=component . April 2, 2012 . mdy-all .
  15. http://www.bep36.com/|title=bepcongnghiep
  16. Web site: Tan Duc Industrial Zone . Longan.gov.vn . 2014-02-05 . https://web.archive.org/web/20111008195355/http://www.longan.gov.vn/english/Pages/Tan-Duc-Industrial-Zone.aspx . October 8, 2011 . dead . mdy-all .
  17. Web site: Tan Tao Group to build Nam Du deep-water seaport - Vietnam Business NewsVietnam Business News . Vietnambusiness.asia . 2010-07-12 . 2014-02-05 . https://web.archive.org/web/20111113165133/http://vietnambusiness.asia/tan-tao-group-to-build-nam-du-deep-water-seaport/ . November 13, 2011 . dead . mdy-all .
  18. Web site: Tan Tao University . Ttu.edu.vn . 2014-02-05.
  19. Web site: Work begins on Kien Luong power plant - Talking Shop - VietNam News . Vietnamnews.vnagency.com.vn . 2014-02-05.
  20. Web site: Press Release: Tan Tao Group launching 3 charity funds / ITA-s Information / ITA Foundations / Home - Thông tin Kinh tế - Công Nghiệp . En.itaexpress.com.vn . 2007-11-16 . 2014-02-05.