At the annual general meeting of shareholders in 2025 for Cuong Gia Lai Corporation (QCGL), Mr. Nguyen Quoc Cuong shared about his mother, founding member Nguyen Thi Nhu Loan. He noted that she saved every penny and even chose economy class when flying, highlighting her dedication and sacrifices to build the company. Under her leadership, QCGL aims for 2 trillion VND in revenue for 2025, a 2.7-fold increase from 2024. Mr. Cuong also announced two major projects: Marina Complex in Da Nang and Phuoc Kien project. In July 2024, Ms. Loan was temporarily detained for violations regarding state asset management, and Mr. Cuong returned to lead the company. He expressed the difficulty of dealing with his mother’s arrest, which caused him to lose 6 kg. Ms. Loan was released on bail in November 2024, and this year Mr. Cuong continues as CEO of QCGL.
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