According to the corporate announcement on November 11th, Thaco’s chartered capital stands at VND 30,510 billion, with domestic private capital accounting for 73.159% and foreign capital making up the remaining 26.841%. The most recent capital disclosure in August 2020 indicated that Thaco’s capital was entirely owned by domestic investors.
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Thaco’s Chartered Capital as of November 13, 2025
Source: Business Registration Certificate
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Among Thaco’s foreign shareholders, Jardine Cycle & Carriage Limited (JC&C, represented by Mr. Cheah Kim Teck) holds the largest stake at 26.637% (equivalent to VND 8,127 billion). The remaining shares are held by 107 individual foreign investors, predominantly from South Korea. Thaco remains under the leadership of Chairman Tran Ba Duong, who also serves as the legal representative.
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Current Leadership of Thaco
Source: Thaco
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On August 12, 2025, at the Vietnam-South Korea Economic Forum, Chairman Tran Ba Duong outlined Thaco’s vision for developing a sustainable multi-industry ecosystem and expanding partnerships with South Korean entities.
He highlighted that over nearly 30 years of growth, the Group has established an ecosystem encompassing automobiles, mechanical engineering & supporting industries, agriculture, investment & construction, trade & services, and logistics.
The total import-export turnover between Thaco and its South Korean partners exceeds USD 380 million annually, with an expected annual growth rate of 10-15%.
Thaco prioritizes expanding collaborations with South Korean enterprises in the railway industry, high-tech equipment manufacturing, and advanced technologies, including industrial robots, smart control systems, automation, and intelligent manufacturing solutions. These efforts aim to elevate Vietnam’s mechanical engineering sector within the global value chain.
In its new phase, Thaco is venturing into the railway industry, a key pillar in Vietnam’s modern transportation infrastructure development strategy. The company has engaged with Hyundai Rotem, conducting a technology survey at the Changwon plant. Both parties signed an MOU to foster cooperation in the railway industry.
Thaco Reports Profit of Over VND 3 Trillion in 2024
Jardine Cycle & Carriage Chairman to Retire in November
– 11:01 AM, November 17, 2025
THACO Announces 108 Foreign Investors Holding 26.8% of Chartered Capital, Singapore’s JC&C Secures 26.6%, and Multiple South Korean Individuals Featured
THACO, led by Tran Ba Duong, has recently updated its chartered capital to a staggering VND 30,510 billion.
Becamex IJC Successfully Completes Sale of Over 251 Million Shares to 9,240 Shareholders
Following the conclusion of the issuance on November 7, 2025, Becamex IJC successfully distributed over 251.8 million shares to 9,240 shareholders, thereby increasing its chartered capital to 6,295.8 billion VND.
What is Vinh Hoan’s Subsidiary Planning to Do with Nearly VND 465 Billion in Capital Raising?
Sa Giang Import-Export is offering over 7.1 million shares to its shareholders at a price of VND 65,000 per share, aiming to raise nearly VND 464.6 billion. The proceeds will be used to contribute capital to Hoan Ngoc Agricultural Products and Food.
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.
30-Year-Old Industrial Fair Transforms into International Event at VEC
Building on the resounding success of the 2025 Autumn Fair, all eyes in the industry are now turning to the highly anticipated “Vietnam Industry & Technology Week 2025,” taking place from November 12-15 at the Vietnam Exhibition Center (VEC).
