Tasco Appoints New Vice Chairman and CEO to Drive Digital Transformation and Strategic Growth
On June 20, 2025, the Board of Directors of Tasco Joint Stock Company announced the election of Mr. Ngo Duc Vu as Vice Chairman of the Board of Directors and the appointment of Mr. Hoang Minh Hung as CEO to lead the company’s operations.
With a focus on diversifying expertise within its senior leadership team, Tasco has onboarded professionals with deep knowledge in technology, system architecture, and risk management. This move aims to foster innovation and creativity by incorporating diverse perspectives, leading to breakthrough solutions that align with the company’s strategic focus.
The goal is to “Integrate vertically, connect the One Tasco system with partners, and serve customers throughout the product and service lifecycle,” leveraging the power of technology.
Mr. Ngo Duc Vu, currently Chairman of the Board of Directors of Savico, brings extensive leadership and management experience from prominent companies. As Vice Chairman, he will contribute to Tasco’s long-term strategic development and operational efficiency enhancements across the system’s strategic business areas.
Mr. Ngo Duc Vu, Vice Chairman of the Board of Directors, Tasco Joint Stock Company
Mr. Hoang Minh Hung, with nearly two decades of experience in information technology, will join the management team to spearhead digital transformation initiatives. The focus will be on optimizing the supply chain, enhancing service quality, and improving customer experiences by leveraging advanced technologies such as automation, artificial intelligence, and big data analytics.
Mr. Hoang Minh Hung, CEO, Tasco Joint Stock Company
Prior to joining Tasco, Mr. Hung served as CEO of DNP Water Joint Stock Company and successfully led digital transformation efforts across multiple water companies within the group. He also served as a senior advisory member of Tasco’s Technology Committee since 2024, dedicating his time to optimizing data in the automotive and smart transportation infrastructure sectors.
Additionally, Mr. Hung has a strong background in research and development, solution architecture consulting, and implementing telecommunication and essential infrastructure applications during his tenure at FPT IS.
In this transition, Mr. Ho Viet Ha will step down as CEO and continue his association with Tasco as Vice Chairman of the Board of Directors, focusing on strategic projects related to luxury vehicles and international partnership expansion.
In 2024, Tasco recorded consolidated revenue of VND 30,249 billion, a growth of 175%, and consolidated after-tax profit of VND 305 billion, an increase of 441% compared to the previous year. The automotive services segment remained the primary growth driver, with sales of 40,555 vehicles and a network of 126 showrooms.
For the 2025 business plan, Tasco aims for revenue of VND 39,878 billion and pre-tax profit of VND 571 billion, representing growth of 31.8% and 87.2%, respectively, further solidifying its position and sustainable development in the automotive industry.
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On June 20, 2025, the Board of Directors of Tasco Joint Stock Company appointed Mr. Ngo Duc Vu as Vice Chairman of the Board and Mr. Hoang Minh Hung as the new CEO, leading the operations of the company.
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