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Thaco ties up with South Korea’s Hyundai Rotem to produce railroad rolling stock

Thaco ties up with South Korea’s Hyundai Rotem to produce railroad rolling stock

South Korea’s Hyundai Rotem has agreed to transfer technology to Vietnamese automaker Thaco for manufacturing rolling stock for metro and high-speed rail.
Conglomerate Thaco’s CEO resigns after 7 years at helm

Conglomerate Thaco’s CEO resigns after 7 years at helm

Government seeks National Assembly’s approval for private investment in $61B North-South high-speed rail

Government seeks National Assembly’s approval for private investment in $61B North-South high-speed rail

Automaker Thaco to cover 20% of high-speed railroad $61B cost: chairman

Automaker Thaco to cover 20% of high-speed railroad $61B cost: chairman

Automaker Truong Hai Group Corp. (Thaco) will use its own money, including from selling stakes in subsidiaries, to part-fund the VND1.5-quadrillion (US$61 billion) North-South high-speed railroad, its chairman Tran Ba Duong said.
June 1, 2025 | 10:10 pm PT
Automaker Thaco offers to build $61B transnational high-speed rail

Automaker Thaco offers to build $61B transnational high-speed rail

Automaker Truong Hai Group Corp. (Thaco) has asked to build the North-South high-speed railroad at a cost of VND1.5 quadrillion (US$61 billion).
May 27, 2025 | 01:15 am PT
PM urges Thaco, Hoa Phat, FPT to invest in major infrastructure projects

PM urges Thaco, Hoa Phat, FPT to invest in major infrastructure projects

Prime Minister Pham Minh Chinh has called on automaker Thaco, steelmaker Hoa Phat Group and tech giant FPT to invest in large-scale infrastructure projects, including key railways and nuclear energy.
February 10, 2025 | 02:27 am PT
PM requests automaker Thaco to look into manufacturing high-speed trains

PM requests automaker Thaco to look into manufacturing high-speed trains

Prime Minister Pham Minh Chinh has requested automaker and automaker Thaco to look into manufacturing trains for high-speed railways.
February 9, 2025 | 12:08 am PT
How did the wealth of Vietnam's 6 billionaires change in 2024?

How did the wealth of Vietnam's 6 billionaires change in 2024?

The collective net worth of Vietnam’s six billionaires in the Forbes rankings rose by US$800 million in 2024 though three of them saw a decline in their wealth.
December 29, 2024 | 09:12 pm PT
Carmaker THACO eyes $4.1B circular bauxite complex project

Carmaker THACO eyes $4.1B circular bauxite complex project

Carmaker THACO has proposed a circular economy complex for mining and processing bauxite worth VND103 trillion (US$4.1 billion) in Lam Dong Province.
January 7, 2024 | 06:19 pm PT
Thaco launches sleeper buses in Philippines

Thaco launches sleeper buses in Philippines

Thaco's high-class sleeper bus service was launched within the framework of the 78th anniversary of the establishment of Victory Liner passenger transport group (1945–2023) on October 13.
October 18, 2023 | 04:00 am PT
Radical pricing sends auto market into a spin

Radical pricing sends auto market into a spin

Automakers have low pricing strategies to lure all potential consumers in a slumping market.
October 4, 2023 | 12:18 am PT
Thaco to sell 10% stake in automobile subsidiary

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.
June 28, 2023 | 06:35 pm PT
Thaco eyes 7% auto sales growth despite headwinds

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.
February 16, 2023 | 03:28 pm PT
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)
December 19, 2022 | 03:36 am PT
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
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