According to this announcement, THACO’s chartered capital stands at VND 30,510 billion, with private domestic capital accounting for VND 22,321 billion, or 73.2%.
Foreign investment in THACO amounts to VND 8,189 billion, representing 26.8%.
Among foreign shareholders, Jardine Cycle & Carriage Limited (JC&C) from Singapore holds the largest share at VND 8,127 billion, equivalent to 26.6%. Mr. Cheah Kim Teck is the authorized representative for JC&C’s entire contribution.
JC&C is a Singapore-based subsidiary of the UK’s Jardine Matheson Group, headquartered in Hong Kong, with diverse investments across various sectors in Vietnam.
Jardine Matheson’s financial investments in Vietnam are primarily executed by JC&C. Besides THACO, JC&C is the largest shareholder in REE with 41.4% and holds 10.6% of Vinamilk’s shares. These listed equity investments are currently valued at over VND 27,000 billion.
107 out of 108 foreign names are predominantly linked to South Korea (e.g., addresses in South Korea).
Among these 107 individuals, contributions range from VND 10 million (Jung Mihuyn, Kim Miae, Kim Heejung, Ko Young Ran, Bae Eun Jung) to VND 9 billion (Yuhn Young Lae).
Established in 1997 in Dong Nai by Tran Ba Duong, who serves as its Chairman, THACO has evolved from an enterprise specializing in importing used cars and providing auto repair parts to a diversified conglomerate comprising six member groups: Thaco Auto (automotive), Thaco Industries (mechanics and supporting industries), Thaco Agri (agriculture), Thadico (investment and construction), Thisco (trade and services), and Thilogi (logistics).
In 2024, THACO reported a consolidated after-tax profit of VND 3,228 billion, with the majority of profits coming from Thaco Auto at VND 4,410 billion. This was followed by Thaco Industries, Thilogi, and Thadico – ĐQM, which earned VND 312 billion, VND 251 billion, and VND 242 billion, respectively. Thisco profited VND 76 billion, while Thaco Agri earned only VND 3 billion.
Compared to 2023’s VND 2,734 billion, THACO’s after-tax profit increased by 18%. Previously, THACO’s 2023 profit had plummeted by 63% to its lowest level in nine years.
A recent collaboration between THACO and its South Korean partner, Hyundai, took place on September 9th. Deputy Prime Minister Ho Duc Phoc met with THACO Chairman Tran Ba Duong and Hyundai Rotem CEO Lee Yong-bae.
During the meeting, Chairman Tran Ba Duong outlined THACO’s investment plans in urban rail infrastructure and discussed potential cooperation with Hyundai Rotem in this sector.
Deputy Prime Minister Hồ Đức Phớc Meets with Chairman of China’s Hua Tie Group
On the afternoon of November 15th, Deputy Prime Minister Hồ Đức Phớc received Mr. Dương Vệ Đông, Chairman of the Board of Directors of Hua Tieh Group (China), along with leaders from the Jiangsu Enterprise Association in Beijing and representatives from several enterprises and investment funds affiliated with the Association.
Unlocking Vietnam’s Stock Market Potential: Key Drivers Fueling Continued Growth
According to the analysis team, the market’s potential is bolstered by its attractively priced valuation compared to many regional markets, particularly as profit growth rates and ROE remain consistently high.
Massive Discounts on Popular Car Models to Boost Year-End Sales
As we step into the fourth quarter of 2025, the automotive market is buzzing with excitement as leading car manufacturers roll out unprecedented deals to boost sales. Some models are now available with discounts reaching nearly 200 million VND, making it the perfect time to drive home your dream car.
Hyundai and Kia Face Major Challenges with Electric Vehicles
Two leading Korean automakers may need to recalibrate their strategic approaches in the coming months.
Billionaire Trần Bá Dương’s Northern Footprint: From the 24,000m² Thiso Mall to a $120M High-Rise Near the Ministry of Public Security and a $90M Industrial Park in Hưng Yên
Thaco Group (Truong Hai Corporation) is making significant strides in expanding its land holdings and developing large-scale real estate projects in the Northern market, encompassing both commercial services and a 194-hectare industrial zone.
