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COVER STORY

Mr. Nguyen Trung Tin, CEO of the TTG Group (third from right).

he recent cooperative agreement signed
Building T (TTG) and Takashimaya subsidiary
between Vietnam’s Trung Thuy Group
Toshin Development from Japan is something
of a breath of fresh air in the local real estate
upon the past market, with Japan’s leading department store
operator deepening its footprint in Vietnam
by investing in the development of the Lan-
caster Luminaire mixed-use complex in Hanoi.
Young heirs to family businesses shoulder the burden The agreement also marks a milestone for
of taking the company into the modern world. TTG and for its CEO Nguyen Trung Tin, as
this is the first time it has struck a cooperative
T HONG NHUNG REPORTS
deal with a foreign partner. “Negotiating the
deal with Takashimaya taught me many things
about the fundamental factors of a family
business,” he told VET.
In the seven years since he was appointed
CEO of TTG, Mr. Tin, who is also the founder
of Dreamplex, one of the leading co-working
spaces in Vietnam, has proven his mettle by
continually launching lucrative real estate
projects under the Lancaster brand in strategic
areas of Hanoi and Ho Chi Minh City. Together
with many other young heirs in the country,
he has garnered a reputation as being among
the new generation of talented entrepreneurs
contributing significantly to burgeoning
family conglomerates. -

JUNE 2021 | VIETNAM ECONOMIC TIMES | 11