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Basic manufacturing can be the first step in climbing up the value chain

Basic manufacturing can be the first step in climbing up the value chain

Basic manufacturing for other companies, the beginning of many companies, could pave the way to “the next Foxconn,” said Tran Ba Duong, chairman of the Truong Hai Auto Corp. (THACO)
Auto sales rise 20% in July

Auto sales rise 20% in July

Auto sales resumed in July with 30,254 units sold, up 20% from June, showing signs of recovery.
August 11, 2022 | 12:30 am PT
THACO eyes billion-dollar sales for supermarket chain

THACO eyes billion-dollar sales for supermarket chain

THACO chairman Tran Ba Duong said supermarket chain E-mart is likely to earn revenues of billion dollars by 2026 after opening at 20 locations.
August 5, 2022 | 11:00 pm PT
THACO Industries targets revenues of $1 bln by 2025

THACO Industries targets revenues of $1 bln by 2025

THACO Industries has invested in core technology, products and digitalization, aiming to reach the target of $1 billion in revenue by 2025.
August 3, 2022 | 05:00 pm PT
Vietnam’s 7 richest people lose $2 bln amid stock market plunge

Vietnam’s 7 richest people lose $2 bln amid stock market plunge

The total net worth of Vietnam’s billionaires has fallen by 10 percent since the last Forbes’ update in March to $19.3 billion due to a plunging stock market.
May 20, 2022 | 12:24 am PT
HAGL chairman to sell out stake in farming subsidiary

HAGL chairman to sell out stake in farming subsidiary

Doan Nguyen Duc, chairman of conglomerate HAGL, has registered to sell his entire stake of three million shares in subsidiary HAGL Agrico.
April 28, 2022 | 07:35 pm PT
HAGL Agrico to continue losing before likely 2024 recovery: chairman

HAGL Agrico to continue losing before likely 2024 recovery: chairman

Agriculture giant HAGL Agrico expects to make losses of VND2.7 trillion ($118 million) this year, up 140 percent from last year.
April 17, 2022 | 07:23 pm PT
Wealth of Vietnam's richest rose during pandemic

Wealth of Vietnam's richest rose during pandemic

Most Vietnamese in the 2022 Forbes global billionaires list saw their wealth increase amid the Covid-19 pandemic last year.
April 8, 2022 | 05:00 pm PT
Vietnamese billionaires see net worth rise by 15 pct in 2021

Vietnamese billionaires see net worth rise by 15 pct in 2021

The total net worth of Vietnamese billionaires has increased by nearly $2.6 billion, or 15 percent, since the last Forbes’ Billionaires update in April, to a combined $19.3 billion due to surging stock prices.
December 23, 2021 | 09:34 pm PT
Thaco climbs down on not investing in HAGL Agrico

Thaco climbs down on not investing in HAGL Agrico

A Thaco subsidiary has reversed its decision to stop investing in agriculture firm HAGL Agrico after the latter agreed to hand over the land documents over which they fell out.
July 26, 2021 | 09:53 pm PT
Falling out: Thaco subsidiary to no longer invest in HAGL Agrico

Falling out: Thaco subsidiary to no longer invest in HAGL Agrico

Automaker Thaco has scrapped plans to invest further in HAGL Agrico due to the latter’s delays in transferring lands following earlier deals.
July 23, 2021 | 10:15 pm PT
Automaker THACO targets $78 mln revenues for retailer E-mart

Automaker THACO targets $78 mln revenues for retailer E-mart

THACO targets revenue growth of 10 percent to VND1.8 trillion ($78 million) this year by its newly acquired retailer E-mart.
June 1, 2021 | 12:23 am PT
Vietnamese automaker acquires South Korean retail chain

Vietnamese automaker acquires South Korean retail chain

Automaker THACO, owned by billionaire Tran Ba Duong, has concluded negotiations to acquire a 100 percent stake in E-mart Vietnam Co.
May 19, 2021 | 06:00 am PT
Vietnam scores a Forbes high with six billionaires

Vietnam scores a Forbes high with six billionaires

The annual Forbes list of the richest people in the world has the highest number of Vietnamese citizens in it, with six billionaires making the cut.
April 6, 2021 | 05:10 am PT
December auto sales hit monthly high

December auto sales hit monthly high

Auto sales climbed to 47,865 units in December, the highest monthly number last year, according to latest data from Vietnam Automobile Manufacturers Association (VAMA).
January 14, 2021 | 04:45 pm PT
Auto billionaire takes over agriculture firm HAGL Agrico

Auto billionaire takes over agriculture firm HAGL Agrico

Billionaire Tran Ba Duong has taken over as chairman of agriculture firm HAGL Agrico.
January 8, 2021 | 07:00 pm PT
THACO chief wins ASEAN Entrepreneurial Excellence award

THACO chief wins ASEAN Entrepreneurial Excellence award

THACO chairman Tran Ba Duong has been named the winner of this year’s EY Asean Entrepreneurial Excellence award, which was announced from Singapore on Monday.
November 10, 2020 | 12:32 am PT
Vietnamese automaker says US penetration a ‘stepping stone’

Vietnamese automaker says US penetration a ‘stepping stone’

Automaker Thaco says the penetration of a tough market like the US will facilitate greater participation in the global value chain.
June 3, 2020 | 07:30 pm PT
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