Previously being businesses operating in edge industries of Ho Chi Minh City Department of Industry, CNS was incorporated under the policy to arrange and renovate state-owned enterprises by the city leaders. The birth of CNS set up a development foundation for the industry of Ho Chi Minh City, a city regarded as a symbol of flexibility and the locomotive of Vietnam Industry.
On 27 March 2006, based on combining industrial production units under Ho Chi Minh City Department of Industry, Sai Gon Industry Corporation was incorporated with 8 subsidiaries, 3 associates and 4 affiliated factories.
The major business fields include Machine engineering, Chemicals, Electronics – Information Technology and Foods.
With a constant movements and development, CNS has always make most use of the advantage in organizing production and business in industrial parks in order to realize the State policy; in 2007, the Corporation implemented the strategy to diversify business fields aiming at obtaining high effectiveness through forms of investment, combination and cooperation with major domestic and foreign partners; thus, the corporation could attain the annual average revenue of above 6,392 VND, equivalent to the average growth rate of 16.8%/year.
Additionally, for many consecutive years, CNS has been the unit with the forth largest payments to the state budget of Ho Chi Minh City, with the average of 2,461 billion VND.
From such achievements obtained so far, now, Sai Gon Industry Corporation has been recognized as one of the economic operating units with high efficiency, high and stable development speed of the city.