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Thaco to sell 10% stake in automobile subsidiary
Truong Hai Group (Thaco Group) is looking for investors to sell a 10% stake in automobile manufacturing and distributing subsidiary Thaco Auto.
Thaco eyes 7% auto sales growth despite headwinds
Automaker Thaco Group plans to increase its sales 7.7% from last year to 120,000 units this year, with earnings of more than VND90 trillion ($3.80 billion), despite concerns about market challenges.
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)
December 19, 2022 | 03:36 am PT
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 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 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
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
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
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
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
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
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
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
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
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
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
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
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 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
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