Nguyen Quoc Cuong is also familiar with, also known as Cuong Doo, for his design as a famous supercar player in Vietnam. Mr Nguyen Quoc Cuong has also been with the Quoc Cuong Gia Lai family business for a long time.
Mr Nguyen Quoc Cuong has been with Quoc Cuong Gia Lai for a long time
Mr Cuong came to the Board of Directors of QCG in 2007 as Deputy Director and Board Member when his / her. The company is a small-owned company, famously known as its flagship business and its name; going through greatly. lower rise in business. By moving forward from the position of Deputy General Director, Board of Quoc Cuong General Stock Company Gia Lai has been very surprising.
Gold time in 2010
Quoc Cuong Gia Lai was named Quoc Cuong Private Initiative, established in 1994, working in the field of timber and export processing and importing agricultural products.
On 21 March 2007, Quoc Cuong Gia Lai became a joint stock company with a legitimate capital of VND259 billion. In this time, QCG has rapidly taken rapidly with a growth rate. In 2009, sales of a QCG network were increased by dozens compared to 2008 due to the recognition of revenue from previous land projects.
In August 2010, Quoc Cuong Gia Lai officially appeared on the Vietnam stock market with a stock code QCG. In 2010, the QCG income came to VND717 billion and a net profit VND283 billion, an amazing man at the time. The estate project is the QCG estate in Nguyen Thi Minh Khai, District 3, Ho Chi Minh City and Ly Chi Thang.
QCG stock has reached 45,000 VNDs / divisions. Nguyen Thi Nhu Loan, Mr Nguyen Quoc Cuong's mother and Chairman of the QCG Board, was one of the 15 richest people on the Vietnam stock market in 2010 and 2011.
Teth in the period 2012-2015
However, after the first year of success, the parent company Cuong Do has entered into a difficult time when a profit was lost; go down. In 2011, the QCG income declined almost half to VND397 billion, especially a web call of almost VND40 billion. Along with the profit reduction, QCC Quoc Cuong Gia Lai sections also went to VND4,000 / share.
A fiscal year after that from 2012 to 2015, there is no QCG deficit, but profit is not much better, but a few billets. Not only is the reason due to the general market increase of the estate, but also with a huge distribution of QCG investment and is not effective. The most commonly invested in 4 hydro-electric projects such as Iagrail I, Ingel 2, Ayuntrung and Plekeo. QCG has been under the debts of large debt, raising rates of rates. At the same time, business efficiency is not an oversight in business, particularly in the context of some large debt debts.
Income and QCG profit from registration to date. Unit: VND billion
Unfortunately, it hit a big deal in 2017
In 2016, offering a Hai Chau land project (Commercial Center project on 2/9 Road, Binh Hien Binh Thuan, Hai Chau district, Da Nang town) and a profit of VND 106 billion from the QCC Quoc Cuong Gia Lai Program, An incredible amount of 1,588 billion dollars, up 5 times compared to the same time last year. Net profits were almost 70 billion.
In 2017, it will benefit from & # 39; demolish all investments in the Sparkle and JSC Values, Joc Quoc Cuong Gia Lai, with a net profit of 406 billion dollars, Six times the same time last year. In addition, the QCG received from Sunny Island the number of VND2,882.8 billion and the default debt position for BIDV Quang Trung.
Thanks to the favorable business and the profit from the financial investment, Quoc Cuong is one of the largest sites that catches Vietnam's stock market in 2017.
QCG Stock from its registration
The QCG stock price has risen from around VND4,000 to more than VND26,000 / department, raising dream for investors. The property of Cuong Doan was also rising rapidly.
The turning point in 2018
However, the Pouoc Kien project was delayed when land was given in the first 3 quarters of 2018, Sunny Island has hampered its & # 39; capital city converted to QCG. QCG Chairman, Nguyen Thi Loan also said that if the site is over, the partner may be able to proceed.
After that, Quoc Cuong Gia Lai was once again disturbed when the contract was transferred over 30 hectares of land in Phong Kien Commune, Nha Be District, Ho Chi Minh City. Ho Chi Minh City in 2017 from Tan Thuan Investment and Construction One limited company was established to sign the lawsuit.
In addition, at the beginning of August, the Commercial Residency Comprehensive Project – Service Service 2 in September, the Hai Chau area, Da Nang which was subject to construction consent and estate transfer due to a series of construction breaks on Quoc Cuong Gia Lai.
The QCG business situation is also too bad. In the third quarter, he did not get a & # 39; The company only VND83 billion in revenue and VND1.3 billion in net profit, declined quickly from the same time last year. After 9 months, Quoc Cuong Gia Lai quoted to 519 billion dollars and profits before 58 billion dollars, 24% and 88% respectively from the first nine months of 2017. falling to 6,510 dong / Sections on November 20.
In view of this situation, Mr Nguyen Quoc Cuong has resigned his position from the CEO leader of the QCG, including the applicant. General Director and Board Member. At this time, Cuong has only 537,500 divisions of QCG, worth around 3.4 billion.