“It seems that the book has awakened me and completely changed my thinking, aroused my passions and desire to do something great, assert myself. I realized that a new business was really the way for me and I knew what I wanted, what I needed, and what I had to do to be successful.”

Those are the enthusiastic and confident words of businessman Nguyen Viet Cuong after finding the truths of his life through the book “Business secrets to become rich and happy” by the author. Napoleon Hill. 

As a talented captain operating a trillion-dollar “boat” to explore the real estate and renewable energy markets in many localities, few people know that, before becoming a successful businessman, the owner of the Group Kosy has had a hard and arduous journey with many efforts, including many valuable lessons from the stumbles of youth. But thanks to his bravery and great aspirations and goals, he overcame everything to achieve the success he is today.

Born and raised in a family with a traditional background when his parents were both State servants in Lao Cai, Mr. Nguyen Viet Cuong once cooked up his future plans to also become a government official. water. But then, with the desire and will to change his life, he sought for himself new opportunities and opportunities. 

Entrepreneur Nguyen Viet Cuong was born in 1976, graduated in Land Management from Hanoi University of Agriculture in 1999. His educational path did not stop there when in 2007, he obtained a prestigious Master’s degree in International Business Administration from Griggs University. After that, he continued to study for a doctorate and successfully defended his doctoral thesis at the National Economics University.

Shortly after, about a year later, he launched his first brainchild with the name Kosy Joint Stock Company (later developed into Kosy Group). With the initial orientations for Kosy, businessman Nguyen Viet Cuong wants the business to develop and operate on a large scale in many countries, multi-industries with the spearhead of real estate and renewable energy, so the Group Kosy has made a strong mark on the market.

Difficulties piled up when the first 8 years of starting a business were 2 times facing a crisis. The first time was the regional economic crisis of 2008-2009, which caused many difficulties in Vietnam’s civil construction sector. The second time, when deciding to invest in real estate, the real estate market “frozen” in 2011. 

After many stumbles on the development of the corporation, businessman Nguyen Viet Cuong has drawn valuable lessons for himself. The concept of “win without pride, defeat without discouragement” is a clear proof that the result of success is an unwavering belief in the set goal. 

Difficulty is just a challenge

Each failure is a mark of a success, failure in the present can help you be more successful in the future. And CEO Nguyen Viet Cuong believes that each person has a destiny, tripping in the individual’s past is inevitable. He always remembers and cherishes those things, because it has made him who he is today. 

Kosy Group CEO Nguyen Viet Cuong shared: “For myself, the stumbles and failures will make me stronger, more brave, and have a higher will. I am grateful for those difficulties, because going through them makes me better and more successful.”

In the early stages of entering the real estate market, the Kosy Group clearly understands its financial and governance capabilities. To hedge against the greatest possible risk, the group chooses small and medium-sized projects. Projects with vision in Hanoi and Ho Chi Minh City are “fat pieces of cake”, but Kosy – a fledgling business with a broad vision and slow steps, must have chosen to develop real estate in the provinces. close to the center, has a prime location, creating the most favorable conditions for its residents. 

This strategy has brought about certain results with the projects that Kosy Group is the investor is implementing in Lao Cai, Thai Nguyen such as: Kosy Song Cong urban area, Kosy Bac Giang urban area, Kosy Gia Sang urban area, Kosy Cau Go urban area, Kosy City Beat Thai Nguyen urban area…

Kosy City Beat Thai Nguyen – New destination for trendy residents.

Kosy Group of businessman Nguyen Viet Cuong was established with a charter capital of 120 billion VND operating in the field of civil construction. In 2011, the company switched to real estate and considered this as a key segment with the 38ha Mountain View project in Ho Chi Minh City. Lao Cai 

In the period 2011 – 2013, when the world and Vietnam economies faced many difficulties, along with that, the real estate market suffered a serious decline. Many real estate enterprises have had to suspend operations or even go bankrupt. That difficulty for Kosy is even more severe as a fledgling business. But Kosy overcame that stage and developed well, first thanks to the ability to overcome difficulties that the Chairman has been trained through the years of stumbling in his youth, then thanks to the knowledge, determination guess that he has learned, trained and especially thanks to his seriousness, prestige and responsibility. 

In the period 2014 – 2017, Kosy continued to strongly develop housing projects in Thai Nguyen and Bac Giang.

Kosy Group has gradually affirmed its position and expanded its scale with more than 20 member companies, operating in multiple industries, with two key fields of real estate and renewable energy. In which, Kosy Joint Stock Company, as the investor of many urban areas, as a member of Kosy Group, listed on HOSE, has market capitalization of about 5,000 billion dong. In addition, other members of Kosy Group have been the investors of many real estate, hydropower, wind power, solar power projects … with total investment of thousands of billions of dong.

Mr. Nguyen Viet Cuong – Chairman, General Director of Kosy Group received the Award Vietnam’s strong brand in 2016.

Every business faces different challenges and has different ways of overcoming them. For businessman Nguyen Viet Cuong, in order to overcome difficulties, we must have faith, and belief here is believing that we will overcome, believing that enterprises will overcome difficulties. To have that belief, to strengthen that belief, he must come up with specific and feasible strategies, plans and solutions. 

Kosy Group is currently developing under the Holding model. Accordingly, Kosy Group currently has 3 business groups: 

(1) The group of Kosy Joint Stock Company and enterprises operating in the field of real estate commencing a number of real estate projects each year;

(2) The group of hydropower enterprises includes a number of companies. By 2025, there will be about 200-300MW of hydropower to generate electricity; 

(3) The group of wind and solar power enterprises includes a number of companies that by 2025, there are about 300MW of electricity generated and connected to the national power grid; After 2025, Kosy Group will focus on implementing more large-scale projects.  

Kosy Ninh Binh urban area project – scale of 40.7ha, total investment of 1,100 billion VND has been
Kosy Group started construction in the second quarter of 2021.

By 2023, Kosy Group’s revenue will reach VND 12,000 billion. In 2025, Kosy Group will be one of the large non-state enterprises in Vietnam with the goal of revenue of VND 20,000 billion, creating many jobs, contributing to the socio-economic development of the country. 

The newly audited financial report of Kosy Joint Stock Company – a member of Kosy Group shows that the business’s business is thriving despite the negative impacts of the Covid-19 pandemic on the economy. .

Specifically, sales and service provision revenue in 2020 of Kosy Joint Stock Company reached VND 1,308.6 billion, up 23% compared to 2019 (VND 1,062 billion). In the revenue structure, sales of goods and sales of real estate both increased strongly, increasing by 26.5% and 11.4% respectively compared to 2019. In 2020, Kosy Joint Stock Company recorded a rental revenue of 300 million VND, while in 2019 this amount was not available. Gross profit from selling goods and providing services reached VND 78.3 billion.

In 2020, Kosy Joint Stock Company invested and successfully transferred financial investments reaching VND 40 billion, an increase of 112 times compared to 2019, interest on deposits and loans also doubled. As a result, financial income reached VND 43.4 billion, a sharp increase compared to the figure of 2019. After deducting the expenses incurred, the profit after corporate income tax reached VND 22 billion, an increase of nearly 10% compared to 2019.

Total assets of Kosy Joint Stock Company as of the end of 2020 are VND 2,198 billion, an increase of 15%, equity of VND 1,158 billion. Cash and cash equivalents VND 19.8 billion, mainly deposits at demand banks. Net cash flow for the period 14 billion dong.

In the field of real estate, the group is currently implementing 5 projects in a number of provinces and cities with a total investment of thousands of billions of dong. Besides, it is also speeding up the investment preparation, completing the legal procedures of many projects in Hanoi, the northern, central and southern provinces with the goal of starting new projects every year. in Ninh Binh, Ha Nam, Thai Nguyen… 

In 2021, Kosy Group will commence construction of 4 key projects: Kosy City Beat Thai Nguyen project has a scale of 19.9ha, total investment of over 600 billion VND; Kosy Ha Nam project with a scale of 22.9ha, total investment of over 500 billion VND; Kosy Ninh Binh project with an area of 40.7ha, total investment of 1,600 billion VND; Kosy Riverside project (Lao Cai) with total investment of 1,500 billion VND.

The highlight of the projects invested by Kosy Group is that they are properly planned with trees and lakes to create green, fresh space, harmonious feng shui and close to nature. All create an ideal living environment, enhancing lifestyle and living standard. At the same time, it is also an investment opportunity that brings high profits, best meeting the needs of customers and partners.

The real estate projects of Kosy Group are being deployed on a larger scale, with faster construction progress and higher efficiency. Currently, Kosy has a potential project fund, many projects have completed legal and completed site clearance work to be deployed in the near future. 

In the energy sector, the group is implementing the Nam Pac Hydropower project with a capacity of 34MW, with a total investment of 1,100 billion VND in Lai Chau. The goal of the end of 2021 is to generate electricity and connect to the national power grid and in the middle of this year, the group will continue to start two new hydropower projects in Lai Chau and Dien Bien, with a total capacity of 82.5MW, with a total capacity of 82.5MW. invested about 2,700 billion VND. 

Groundbreaking ceremony of Kosy Bac Lieu Wind Power Plant project – phase 1, October 3, 2020 with a total investment of 1,600 billion VND.

Simultaneously, Kosy Group is also completing the legalization for many energy projects and will start construction in the following years. The big goal is that by 2025, 500-800MW of hydropower, wind power, and solar power will be generated, bringing a large and stable source of revenue and profit for the corporation in the long term.

Kosy Bac Lieu Wind Power Plant Project.

Kosy Bac Lieu Wind Power Project phase 1 has a capacity of 40MW, total investment of 1,600 billion VND. The construction site of Kosy Bac Lieu Wind Power Plant these days is always busy and urgent regardless of day and night. Ensuring good disease prevention and overcoming difficulties due to the epidemic, Kosy Group focuses on speeding up the completion of project milestones on schedule, putting the plant into operation and generating electricity before October 30 / 2020. 2021. When the project generates electricity, it will provide an average wind power output of about 115 million kWh/year, integrating with the national grid system, contributing to ensuring energy security and promoting socio-economic development. .

Kosy Bac Lieu Wind Power Project phase 1 has a capacity of 40MW, total investment of 1,600 billion VND. The construction site of Kosy Bac Lieu Wind Power Plant these days is always busy and urgent regardless of day and night. Ensuring good disease prevention and overcoming difficulties due to the epidemic, Kosy Group focuses on speeding up the completion of project milestones on schedule, putting the plant into operation and generating electricity before October 30 / 2020. 2021. When the project generates electricity, it will provide an average wind power output of about 115 million kWh/year, integrating with the national grid system, contributing to ensuring energy security and promoting socio-economic development. .

Currently, Kosy Group is in the investment phase, focusing more on the long-term, so the current revenue and profit is not much. But in the coming years, when the Group deploys many large real estate projects and the hydropower, wind and solar power projects are completed and put into operation, after about 5 years, the group’s revenue will reach about 10 – 15 thousand billion VND/year and earn thousands of billion VND/year in profit.

“The strength of the Kosy Group is the human element. The Group’s leadership is a gathering of dynamic, well-trained individuals with doctorate, master’s degrees, good background knowledge and strategic vision plus creative thinking and decision-making ability. righteousness and decisiveness in business”, shared Mr. Nguyen Viet Cuong.

In his business strategy, Mr. Cuong affirmed that prestige and sustainable relationships with partners are important conditions for the success of the business. He always puts the interests of partners and customers first. Therefore, since its establishment until now, Kosy as well as Mr. Nguyen Viet Cuong himself has always been evaluated as a reliable partner, a guarantee for the success of all customers.

Currently, the group also cooperates with many domestic and foreign partners in capital, technology, and also implements M&A forms. The enterprise is also preparing to increase the capital for Kosy Joint Stock Company (an enterprise of Kosy Group) from 1,600 billion VND to nearly 2,000 billion VND to prepare more reciprocal capital for projects about to start construction. In addition, the group is also preparing many other plans and solutions to well implement the projects, ensuring the group’s growing growth.

The CEO of the group is confident that Kosy will develop into a large corporation, a reputable and responsible corporation, meeting expectations such as solving many jobs, solving many needs for people as well as providing a part of electricity for the national consumption demand. 

Engineers at Nam Pac hydropower project, Lai Chau.

And when asked about the factors that make him successful today, businessman Nguyen Viet Cuong shared: “I think it can be the will to persevere, the determination to achieve the goal and determine the right direction. I am a person who dares to think, dare to do, dare to take responsibility and never give up until the last minute. In the next leg of my career, I will always keep this up.”       

In the context that the pandemic is still evolving and becoming more and more complicated, resulting in impacts on post-Covid-19 economic development, the brand and reputation of Kosy Group will continue to be affirmed through the trust of customers as well as reliable partners.

Perhaps, at this time, each of us should slow down and have more faith, identify our own sources of inspiration and motivation, then we will contribute with a passionate and emotional heart./.