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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.
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
Vietnamese auto firm to ship semi-trailers to US

Vietnamese auto firm to ship semi-trailers to US

Vietnamese automaker THACO has succeeded in “swimming upstream”, selling its vehicles, mechanical parts and components abroad despite the severe Covid-19 pandemic impacts.
April 10, 2020 | 03:10 am PT
Auto sales plummets in January

Auto sales plummets in January

January automobile sales fell by 52 percent over the previous month and 53 percent year-on-year, according to the Vietnam Automobile Manufacturers Association (VAMA).
February 15, 2020 | 08:34 pm PT
THACO completes $86 mln bond issue

THACO completes $86 mln bond issue

Auto company THACO has issued VND2 trillion ($86.06 million) worth of five-year non-convertible bonds to two institutional investors.
February 7, 2020 | 07:00 pm PT
HAGL Agrico’s losses surge in Q3

HAGL Agrico’s losses surge in Q3

HAGL Agrico reported a VND990 billion ($42.54 million) net loss in the third quarter, its fifth straight quarter in the red.
November 5, 2019 | 10:45 pm PT
THACO reports lowest 6-month profit in 5 years

THACO reports lowest 6-month profit in 5 years

Auto firm THACO reported a 40 percent fall in half-yearly profits to VND1.83 trillion ($78.8 million), the lowest in five years.
October 10, 2019 | 11:15 pm PT
HAGL opts out of Myanmar project

HAGL opts out of Myanmar project

HAGL, once a leading real estate firm in Vietnam, has sold its largest project stake in Myanmar to compatriot auto firm Truong Hai.
October 2, 2019 | 06:29 pm PT
THACO recalls BMW cars with air-conditioning fan faults

THACO recalls BMW cars with air-conditioning fan faults

Leading Vietnamese auto firm THACO is recalling 885 BMW sedans with faults in air-conditioning fans which could lead to overheating.
August 17, 2019 | 01:00 am PT
Auto firm THACO chief increases ownership of HAGL Agrico

Auto firm THACO chief increases ownership of HAGL Agrico

Tran Ba Duong has increased his stake in agriculture giant HAGL Agrico to 9 percent following his latest share acquisition on Wednesday.
August 9, 2019 | 06:31 pm PT
Fruit producer HAGL Agrico to boost capital by 25 pct

Fruit producer HAGL Agrico to boost capital by 25 pct

HAGL Agrico plans to convert bonds into shares and raise its charter capital by 25 percent to VND11.08 trillion ($477.93 million).
July 30, 2019 | 07:03 pm PT
Thailand, Indonesia dominate Vietnam's car imports

Thailand, Indonesia dominate Vietnam's car imports

Thailand and Indonesia hold the lion's share of Vietnam's car imports amidst challenges as the country seeks to prioritize local manufacturing.
July 25, 2019 | 06:44 pm PT
BMW assembly on the anvil, says Vietnam auto conglomerate

BMW assembly on the anvil, says Vietnam auto conglomerate

THACO, a major player in the country’s commercial vehicle segment, plans to assemble German brand BMW cars in Vietnam.
December 24, 2018 | 05:12 am PT
 
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