Tasco: A Leading Automotive Services and Smart Transportation Infrastructure Provider in Asia
With a rich history spanning over 50 years, Tasco has established itself as a leading player in the automotive services and smart transportation infrastructure industry. The company boasts a diverse workforce of over 8,000 employees across 82 subsidiaries and affiliated companies. At the heart of Tasco’s success is Tasco Auto, a prominent automotive distribution and services network in Vietnam, holding a market share of 13.3% and representing 14 renowned automotive brands through 90 showrooms nationwide.
Tasco’s portfolio also includes VETC, a pioneer in electronic toll collection systems, holding a dominant 70% market share in Vietnam. VETC serves 3.5 million vehicle owners and processes an impressive 1.2 to 1.5 million transactions daily. Alongside Tasco Auto and VETC, the company’s ecosystem includes Tasco Insurance, ranked among the top 10 providers of motor vehicle insurance, and Carpla, a large-scale used car trading platform. Together, they offer a comprehensive range of services catering to the full lifecycle of automobiles in Vietnam.
In recognition of its exceptional human resource policies, attractive benefits, and outstanding work environment, Tasco was honored with the prestigious “Best Companies to Work for in Asia 2024” award by HR Asia. This award underscores Tasco’s commitment to fostering a culture where employees feel valued, encouraged to innovate, and empowered to grow. The company’s modern offices in Tan Cang, Ho Chi Minh City, serve as a testament to its dedication to creating a conducive work environment, as depicted in the accompanying images.
Tasco’s Modern Office at Tan Cang, Ho Chi Minh City
Tasco’s Spacious and Well-designed Workspace
Addressing the award ceremony, Mr. Tran Duc Huy, Vice Chairman of Tasco, shared: “At Tasco, we have always prioritized creating a work environment where our employees feel valued, appreciated, and motivated to grow. Being recognized as one of the ‘Best Companies to Work for in Asia’ is a testament to our efforts and the culture we have built. With our spirit of ‘flexibility, speed, boldness, and determination,’ we will continue to foster these values and strive for even greater achievements.”
HR Asia Awards 2024, themed “The Definitive Z Choice,” focused on the potential and creativity of Gen Z talent. Tasco has proactively engaged with this new generation through various initiatives and workshops at prominent international and domestic universities, attracting the interest of many young individuals. These activities reinforce Tasco’s commitment to attracting and developing young talent, reflecting the company’s message: “We seek conquerors.”
Tasco Engaging with Students through Workshops and Practical Activities
Tasco’s Focus on People: The Foundation for Breakthrough and Sustainable Development
Tasco strongly believes that its people are the key to its success and sustainable growth. The company has invested significantly in refining its human resource policies, offering competitive benefits, and fostering a culture of continuous learning. Tasco’s current workforce includes 1,500 highly skilled automotive and technology engineers, 1,000 sales professionals, and 6,000 dedicated employees, all led by a senior management team with extensive international expertise.
To further enhance its talent development efforts, Tasco established Tasco Academy, which, in just two years, has conducted 230 training courses totaling over 915 training hours and benefiting 5,953 participants. Tasco Academy covers a wide range of topics, from technical skills to leadership development, leaving a lasting impact on the organization. Additionally, Tasco Next Leaders program focuses on nurturing the next generation of leaders, ensuring a strong pipeline of talented individuals to drive the company’s future success.
Tasco Academy: Empowering Employees Through Comprehensive Training
Tasco’s commitment to its people and culture has been recognized through various accolades, including being named among the Top 50 Vietnamese Companies with Attractive Employer Brands in 2022 and the Top 100 Best Companies to Work for in Vietnam in 2023 by Anphabe.
Despite market challenges, Tasco has demonstrated remarkable financial growth, thanks to the dedication and efforts of its leadership and employees. In 2023, Tasco recorded a 130% increase in total assets compared to 2022, surpassing the $1 billion mark, with a total of VND 26,749 billion. The company’s consolidated revenue for the year reached nearly VND 33,189 billion. For the first half of 2024, Tasco’s consolidated revenue stood at VND 14,823 billion, with consolidated net revenue of VND 11,634 billion, representing a growth of 1,763%. Net profit after tax reached VND 92.7 billion, a significant increase of 581.6% compared to the previous year.
About Tasco
Tasco is a leading provider of automotive distribution and smart transportation infrastructure solutions in Vietnam, with a proud history of over 50 years. The company’s automotive arm, Tasco Auto, holds a prominent market share of 13.3% and represents 14 renowned automotive brands through its network of 90 showrooms nationwide. Tasco’s infrastructure arm, VETC, is a pioneer in electronic toll collection systems, holding a dominant 70% market share in Vietnam, with a network of 120 toll stations and 669 toll lanes.
Tasco has also invested in completing the full lifecycle of automotive services, acquiring 100% of Tasco Insurance, which specializes in motor vehicle insurance, and quickly rising to the top 10 providers in the market. Additionally, the company owns Carpla, a used car trading platform. Tasco’s portfolio also includes prestigious resorts such as Six Senses Ninh Vân Bay and Ana Mandara Đà Lạt, reflecting its diverse business interests.
