Mitsui & Co., Ltd. and Tasco Auto Join Forces for Strategic Partnership
Tasco (stock code: HUT) and Mitsui & Co., Ltd. (“Mitsui”) have recently finalized an agreement, with Mitsui becoming a strategic shareholder of Tasco Auto, a subsidiary of Tasco. The Japanese company will work closely with Tasco Auto to implement various plans and development strategies in the coming periods. The investment will be disbursed in tranches, with the first tranche completed on July 31, 2024.
Mitsui (1947) is a global investment, business, and trading conglomerate in the fields of mineral resources, energy, machinery, chemicals, food, textiles, and finance. In 2022, the group recorded a profit of $8 billion with over 46,000 employees worldwide.
Mitsui is also a leading Japanese trading and investment company with a presence in over 60 countries and territories. Automotive and transportation are among its key investment focuses, with stakes in over 100 companies across 26 nations. In this sector, Mitsui has extensive experience in supply chain involvement and the development of next-generation mobility solutions.
In March 2024, according to Nikkei Asia, Mitsui announced an investment of approximately ¥84 billion ($560 million) in the Lô B – Ô Môn power project chain in Vietnam. This declaration followed a series of commercial agreements signed by the Vietnam Oil and Gas Group (Petrovietnam) for the development of the Lô B – Ô Môn power project chain with partners, including Mitsui Oil Exploration (MOECO), a subsidiary of Mitsui & Co.
Tasco Auto, a member of the Tasco group, is a leading distributor of automobiles and intelligent transportation infrastructure in Vietnam, with a history spanning over 50 years. Tasco Auto holds a dominant market share of approximately 13.3% and boasts 90 showrooms nationwide, representing prominent brands such as Toyota (nearly 20% market share), Ford (nearly 30% market share), Mitsubishi, and luxury vehicles from Volvo.
Choose La Mia Bao Loc – Embrace a Fulfilling Life with an Ideal Green Living Standard
Not just a perfect blend of art and inspired Italian-style resort, La Mia Dalat also effortlessly brings each resident to the standards of peaceful living, well-being, and balanced body-mind-soul.
Choose stocks for “Tet” festival celebrations
Investors should consider choosing stocks in the banking industry with good profitability, healthy real estate, and abundant clean land reserves. In addition, the group of stocks in infrastructure investment, iron and steel, and construction materials should also be considered.
Top Investment Channels for 2024: Safe and Profitable
2023 is a year full of volatility in the global financial market. Against this backdrop, many investors are interested in gold as a store of assets.
Chinese citizens flock to buy 280 tons of gold, realizing real estate and stocks are no longer a good investment channel
Regardless of the global decline in demand for gold, the purchasing power of Chinese citizens has propelled the price of gold to surpass the $2,000 per ounce threshold in 2023.
Vietnam’s Largest Deep-water Port Town is Set to Become a Thriving City with Investments from Korean Chaebols: Latest Project Involves Nearly 10 Trillion VND for Fuel
Previously, this chaebol has invested $3.5 billion in projects in various major cities such as Hanoi, Ho Chi Minh City, Dong Nai, and Ba Ria – Vung Tau.
