About

INTRODUCTION

Sao Mai Group, formerly known as An Giang Provincial Architectural Joint Venture Company, was established in 1988. On March 5, 1997, in line with the country's economic openness and integration, key executives formed the Sao Mai Construction Joint Stock Company of An Giang Province. This was the first non-state-owned enterprise in An Giang Province to have a Party cell of the ruling party. Starting as a small business with fewer than 50 employees and a charter capital of 905 million VND, Sao Mai Group has since experienced remarkable growth, becoming a major corporation with a current workforce of 12,000 and a charter capital of 7,433 billion VND (including all subsidiaries).

Today, Sao Mai Group is recognized as one of Vietnam's leading and most profitable corporations. The Group has diversified investments in various sectors, including real estate, aquaculture, value-added processing of pangasius, consulting, tourism, overseas labor recruitment, and renewable energy.

In the real estate sector, Sao Mai Group is a leading enterprise in the Mekong Delta region. Over the years, the Group has accumulated a substantial land bank in prime locations across provinces such as Ca Mau, Kien Giang, Can Tho, An Giang, Dong Thap, Hau Giang, Tien Giang, Ben Tre, Ho Chi Minh City, Ba Ria-Vung Tau, Dak Nong, Thanh Hoa, and Hoa Binh. This extensive land bank ensures a steady pipeline of real estate projects for the Group.

In the aquaculture and seafood processing sector, the International Investment and Development Corporation (IDI), a member of Sao Mai Group, is one of Vietnam's top two pangasius exporters. IDI currently owns two frozen pangasius processing plants with a capacity of 900 tons of raw materials per day, four cold storage warehouses with a total capacity of 40,000 tons, a fishmeal and fish oil processing plant with a capacity of 450 tons of by-products per day, and a fish oil refining plant with a capacity of 200 tons of finished products per day. To achieve a closed production chain, in late 2017, Sao Mai Group put into operation a feed mill with a capacity of nearly 400,000 tons per year, making it the largest of its kind in Vietnam at that time. Sao Mai is one of the few pangasius businesses to have established a closed production chain, from fingerlings, farming, to feed production, processing of fresh and frozen products, by-product processing. Subsequently, the Group has focused on research to maximize the value of pangasius, applying deep processing technology, diversifying products, and aiming for sustainable development of Vietnam's aquaculture industry.

In the services and tourism sector, Sao Mai Group has made early investments, starting with Sao Mai Resort Vung Tau, which opened in 2003. After prioritizing resources for real estate and aquaculture, the Group decided to make a breakthrough in tourism, and Sao Mai quickly became the parent company of Dong Thap Tourism Joint Stock Company in 2014 and An Giang Tourism Joint Stock Company in 2016. These two state-owned enterprises, with long-standing tourism brands and valuable assets, have immense potential for development. After being restructured and invested in by the Group, these companies have undergone a transformation, with a new look, new journey, and renewed vitality, capable of leading the tourism industry in their respective localities. In addition, the Group is also investing in other tourism projects such as LAMORI Resort & Spa in Thanh Hoa, a 5-star hotel in Ca Mau City, and a 5-star hotel in Sa Dec City, Dong Thap Province. In the near future, Sao Mai will surely reap rewards, and tourism will be one of the Group's main pillars.

In design consulting sector, the rapid annual investment growth, consistently in double digits, and the continuous emergence of new projects require Sao Mai to be self-sufficient in construction consulting activities to meet the growing needs of the business. Therefore, since 2004, Sao Mai has established a subsidiary specializing in construction consulting, providing services such as feasibility study reports, planning schemes, construction design, construction supervision, surveying, and inspection. This subsidiary is now known as Consulting and Financial Investment Joint Stock Company (ASTAR). After 19 years of development, ASTAR has a team of over 100 well-trained architects, engineers, and technicians with extensive experience gained through large-scale projects of the Group. ASTAR is a valuable asset, undertaking all construction consulting services for most of Sao Mai Group's investment and development projects.

In labor export sector, International Media and Financial Investment Corporation (MIF), a member of Sao Mai Group, was established in 2018 to send workers, especially rural workers, to study and work abroad, in line with the Party and State's policy. MIF became the first company in the Mekong Delta to be licensed to operate in labor export. Since then, with well-equipped facilities, a professional operating system, and dedicated staff, MIF has trained and sent hundreds of trainees to Japan for study and work, achieving remarkable results. Upon returning, they have become new individuals with new skills and attitudes, contributing positively to the modernization of agriculture and rural areas.

In renewable energy exploitation from solar, wind, tide, hydropower, biomass, etc., to generate electricity, which is a global trend and a priority of the Vietnamese government, a significant turning point came in 2017 when the Prime Minister issued Decision No. 11 on the mechanism to encourage the development of solar power projects, ushering in a new era of clean energy in Vietnam. Seizing this opportunity, Sao Mai Group quickly joined the race and became a pioneer in this field. By the end of 2017, Sao Mai had put into operation a 1.07 MWp rooftop solar power plant, the largest in Vietnam at that time. Subsequently, in 2019 and 2020, Sao Mai commissioned solar power plants in Long An with a capacity of 50 MWp and in An Giang with a capacity of 210 MWp. With its long-term plan, Sao Mai will continue to invest in many other large-scale solar power projects. Implementing its planned investment in the clean energy sector, in addition to ground-mounted solar power plants, the Group has also installed rooftop solar power systems on its production facilities. From an initial capacity of 1.07 MWp on the roof of one factory in the Sao Mai Industrial Park, almost all the remaining factory roofs have been covered with solar panels. Additionally, many other facilities of the Group have installed solar panels, increasing the total rooftop solar capacity to over 10MWp. This has helped the Group's business facilities be more proactive in their power supply and reduce energy costs during operations.

The achievements that Sao Mai has gained throughout its formation and development demonstrate that the Group is on the right track. With the solidarity and determination of the Leadership and staff in realizing the set mission and vision, Sao Mai Group will undoubtedly achieve significant breakthroughs, stable and sustainable development, and affirm the position of Vietnamese enterprises on the international stage.

BUSINESS AREAS

Sao Mai's business areas have expanded across various provinces and cities, including An Giang, Dong Thap, Can Tho, Hau Giang, Kien Giang, Soc Trang, Ca Mau, Ben Tre, Tien Giang, Long An, Ho Chi Minh City, Ba Ria - Vung Tau, Dak Nong, Dak Lak, Thanh Hoa, Hoa Binh, Hanoi, and more.

MESSAGE FROM THE FOUNDING & DEVELOPMENT COUNCIL

"Turning ""The Radiance of Life"" into Reality

First of all, SAO MAI GROUP would like to extend our sincerest wishes for your health, success, and prosperity. We deeply appreciate your trust and for providing us with the opportunity to grow together.

As SAO MAI GROUP has become increasingly global and diversified in recent years, our employees from various nationalities and languages have taken on diverse responsibilities across the enterprise. United by our shared philosophy, we strive towards a common purpose and values, fostering greater collaboration and creating value for our global business.

With the criteria of constant innovation and creativity to assert our uniqueness, SAO MAI GROUP values and prioritizes people, encourages creativity, and develops human resources in our own way. This serves as the foundation for SAO MAI GROUP to better meet customer demands, adapt to market changes, and enhance the value of our products and services. While the new phase brings many challenges and difficulties, it also offers countless opportunities. Alongside the collective efforts of SAO MAI GROUP, we hope for increased support from our customers and partners to create the miracles of the 4.0 era together. We are fully confident in achieving our goals."

Mr. LE THANH THUAN

Chairman of the Founding & Development Council

DEVELOPMENT ORIENTATION

Sao Mai Group aims to become a leading multi-industry corporation in Vietnam and the Southeast Asian region. The company focuses on key sectors including tourism, fisheries, manufacturing, real estate, and renewable energy. Sao Mai is committed to sustainable development, environmental protection, and corporate social responsibility. We strive to contribute to the overall development of the community while simultaneously pursuing business interests and positively impacting the country's economic and social growth.

FORMATION AND DEVELOPMENT

2023 to present

Sao Mai New Urban Area Project, Minh Son Commune and Trieu Son Town

The new Sao Mai urban area in Minh Son commune and Trieu Son town is located right in the center of Trieu Son district, 20km from Thanh Hoa City. It is developed on a total area of 43.44 hectares with a total investment of over 1,000 billion VND. The urban area is arranged with 1,313 townhouse lots, nearly 30 villa lots, over 41 mixed-use commercial and residential lots, and will accommodate a population of over 10,000 people.

Additionally, the project features community facilities such as green parks, sports areas, cultural houses, medical centers, educational institutions, and shopping malls. Within a 1 km radius, the urban area is conveniently connected to public amenities including schools, hospitals, hotels, markets, and spiritual tourism sites. The development is expected to be promoted and completed within 2 years.

Alongside the new Sao Mai Urban Area in Xuan Thinh Commune, this is the second project that Sao Mai Group has invested in within Trieu Son District. Upon completion, the new Sao Mai Urban Area in Minh Son Commune and Triệu Sơn Town will help accelerate urbanization in the district, alleviate the high population density in the central area, and contribute to Trieu Son District achieving enhanced new rural standards by 2024, meeting Class IV urban criteria by 2025, and becoming a town by 2030, as set by the district's Party Committee and people.

2021 - 2022

Inauguration of Sao Mai Event Centers 1 & 2

Sao Mai Center 1: On December 12, in Phu My Town, Ba Ria - Vung Tau Province, the Sao Mai Event Center (Sao Mai Center) was officially inaugurated. With a total investment of over 25 billion VNĐ, the center is located within the Sao Mai Resort Vung Tau complex. It has quickly become a popular choice for weddings and events in Phu My due to its luxurious space, modern equipment, and comprehensive services at very reasonable prices. With a capacity of up to 1,000 guests, adaptable to various event needs, Sao Mai Center demonstrates its significant scale. Additionally, it boasts a team of professional, refined, and highly efficient staff.

Sao Mai Center 2: In just 60 days, the construction was completed, creating a stunning facility that has impressed everyone with its internal strength. Sao Mai Center 2, seamlessly connected to Sao Mai Center 1, boasts a capacity of up to 1,200 guests and is fully equipped with all necessary functions. It was inaugurated and began operations on the beautiful afternoon of August 2, 2023. The center offers luxurious facilities, high-quality infrastructure, skilled staff, and experienced chefs ready to meet all catering requirements. Sao Mai Center 2 has made a lasting impression on its customers.

2019 - 2020

Sao Mai Group pioneered the development of clean energy

Sao Mai Group acquired the Europlast project from a foreign investor in Duc Hue district, Long An province. Shortly thereafter, the company successfully launched a solar power plant with a capacity of 50 MWp.

The Group invested in the “Sao Mai Solar Power Plant” in Tinh Bien District, An Giang Province, with a total investment exceeding 6,000 billion VND and a total capacity of 210 MWp. The first phase, with a capacity of 104 MWp, was completed and connected to the grid ahead of schedule in July 2019. Continuing the development, in mid-September 2020, the second phase, with a capacity of 106 MWp, began the installation of major equipment. Due to the team's determination and effort, the plant successfully connected to the national grid at 11 PM on December 2, 2020, and commenced commercial electricity sales, starting from December 15, 2020.

2016 - 2017

The Group has completely dominated and controlled 3 tourism companies

Between 2013 and 2016, Sao Mai Group completely acquired and controlled three tourism companies: Dong Thap Tourism Joint Stock Company, Phu Hung-Phu Quoc Tourism Joint Stock Company, and most recently, An Giang Tourism Joint Stock Company (the 16th member of Sao Mai Group).

In 2016, Sao Mai Group also expanded its focus into the clean energy sector, pioneering solar energy development in Vietnam. It began with two solar power projects in An Giang, with a total capacity of over 340 MW, which were completing investment procedures. Additional projects in Ninh Thuan and Binh Thuan were planned to follow. When the first factory was expected to be put into operation in 2018, Sao Mai Group would become the largest solar power seller for EVN.

On March 2, 2017, Sao Mai Group celebrated its “Welcome to the Twenties” event, marking the 20th anniversary of the Group's founding and development, attended by nearly 8,000 employees from 16 member companies and numerous guests. From this point forward, the Sao Mai ship will continue to strengthen with new business plans and strategies, affirming its position in the international market.

2014 – 2015

Sao Mai Forms Strategic Partnerships with Vietnamese Scientists

Sao Mai Group established strategic partnerships with Vietnamese scientists and leading European technology groups to successfully extract "refined" Ranee, premium cooking oil from pangasius fat, for the first time in the world. This product, recommended by the National Institute of Nutrition, has created a significant impact on the Vietnamese seafood industry, opening up a new and promising consumer market for animal-fat-based cooking oils.

The region's largest fish feed manufacturing plant was inaugurated, located in the Sao Mai industrial zone, with a capacity of 360,000 tons per year and a total investment of over 750 billion VND. During the same period, Sao Mai Group also inaugurated its second seafood processing plant, with an investment of over 500 billion VND, bringing the total processing capacity of both plants to 600 tons of raw materials per day.

2003 – 2007

Sao Mai determined to implement the strategy of becoming a multi-industry corporation

From the real estate business sector, Sao Mai Group is determined to implement the strategy of becoming a multi-industry corporation, through the new sector: "Aquaculture, Processing, and Export of Seafood." In 2003, the International Development & Investment Corporation, known as IDI, was established. IDI is one of the largest processors and exporters of pangasius fish in Vietnam and is a reputable supplier of pangasius products in the global market. Today, IDI has helped Vietnamese pangasius reach hundreds of countries and territories worldwide, establishing relationships with nearly 100 partners across various continents.

With the business objective of "Bringing the taste of the Mekong to the world," the Vam Cong industrial complex, spanning tens of hectares, was established in Dong Thap province in 2007. Currently, this industrial complex houses factories such as a pangasius freezing plant with a capacity of 600 tons per day, a fishmeal processing plant with a capacity of 300 tons per day, and a fish fat refining plant converting it into cooking oil with a capacity of 200 tons per day. By entering the seafood sector, Sao Mai Group has become one of the top 10 largest exporters of pangasius in Vietnam and a reputable fishmeal and fish oil producer in the region.

1988 – 2002

Sao Mai quickly invested in real estate and services

Sao Mai Group, originally known as the An Giang Provincial Architecture Joint Venture Company, was established during this period.

Key executives branched out to form the Sao Mai Construction Joint Stock Company of An Giang province, the first non-state-owned enterprise in the country with a Party cell. Sao Mai primarily engaged in construction projects across the western and southeastern provinces, later expanding to the central highlands and nationwide. It became a pioneer in construction in An Giang province and a well-known contractor in the Mekong Delta region.

Recognizing market trends, Sao Mai quickly invested in real estate and services. Today, Sao Mai Group owns hundreds of real estate projects, construction works, and model urban areas throughout the country, with total investments amounting to tens of billions of Vietnamese dong. This has significantly contributed to the country's urbanization and modernization process, improving the quality of life for the people.