ABOUT US

TRUONG HAI GROUP CORPORATION (TRUONG HAI GROUP), formerly known as Truong Hai Auto Corporation (THACO), was founded on April 29, 1997, in Dong Nai province, southern Vietnam. The founder is Mr. Tran Ba Duong, who currently serves as the THACO Chairman.

After 27 years, from a company which mainly traded and repaired second-hand vehicles, THACO has evolved into a multi-industry holding corporation which has 6 sub-holdings, i.e. THACO AUTO (Automobiles), THACO INDUSTRIES (Mechanics & Supporting Industries), THACO AGRI (Agriculture), THADICO (Investment – Construction), THISO (Commerce – Service) and THILOGI (Logistics) under a highly integrated and complementary model.

THACO’s structure: THACO is a controlling shareholder, performing investment and management functions at Sub-holdings

Main pillars: Qualified personnel; Different strategy; Value-based philosophy; Optimal governance; Civil and convenient workplace

VISION

To be the leading multi-industry group in ASEAN, developing sustainably in the context of regional and global integration

MISSION

To deliver value to customers, partners, society and develop the national economy with a dedicated, serving spirit

STRATEGY

THACO is a multi-industry group which owns Sub-holdings operating in: automotive, agriculture, mechanics & supporting industries, investment - construction, commerce - service, and logistics with high integration and complementarity in each Sub-holding, between Sub-holdings and within THACO; organizes business activities throughout the value chain and manages by the industrial methods; participates in the global value chain and adopts digital transformation with an appropriate roadmap.

THACO’s structure: THACO is a controlling shareholder, performing investment and management functions at Sub-holdings

AUTOMOBILES

MANUFACTURING
TRADING

AGRICULTURE

PLANTING
LIVESTOCKS
AGRICULTURAL MATERIALS & EQUIPMENT

INVESTMENT - CONSTRUCTION

PUBLIC INFRASTRUCTURE
INDUSTRIAL PARKS
URBAN AREA
REAL ESTATE DEVELOPMENT

COMMERCE - SERVICE

COMMERCIAL CENTER
F&B
CONVENTION CENTERS
INDOOR RECREATIONAL CENTER
LUXURY SHOPPING AREA

SUPPORTING INDUSTRIES & MECHANICS

SEMI-TRAILERS
SUPPORTING INDUSTRIES & MECHANICAL PRODUCTS
STEEL WORKPIECE AND MATERIALS

LOGISTICS

TRUCKING
CHU LAI PORT
SHIPPING
FREIGHT HANDLING SERVICES

INVESTMENT - CONSTRUCTION

PUBLIC INFRASTRUCTURE
INDUSTRIAL PARKS
URBAN AREA
REAL ESTATE DEVELOPMENT

COMMERCE - SERVICE

COMMERCIAL CENTER
F&B
CONVENTION CENTERS
INDOOR RECREATIONAL CENTER
LUXURY SHOPPING AREA

SUPPORTING INDUSTRIES & MECHANICS

SEMI-TRAILERS
SUPPORTING INDUSTRIES & MECHANICAL PRODUCTS
STEEL WORKPIECE AND MATERIALS

LOGISTICS

TRUCKING
CHU LAI PORT
SHIPPING
FREIGHT HANDLING SERVICES

INVESTMENT - CONSTRUCTION

PUBLIC INFRASTRUCTURE
INDUSTRIAL PARKS
URBAN AREA
REAL ESTATE DEVELOPMENT

COMMERCE - SERVICE

COMMERCIAL CENTER
F&B
CONVENTION CENTERS
INDOOR RECREATIONAL CENTER
LUXURY SHOPPING AREA

LEADERSHIP

THACO BOARD OF DIRECTORS

Mr. Tran Ba Duong

Chairman

Mr. Nguyen Hung Minh

Vice Chairman

Mr. Cheah Kim Teck

Vice Chairman

Ms. Vien Dieu Hoa

Member

Mr. Pham Van Tai

Member

Mr. Benjamin Herrenden Birks

Member

THACO’S BOARD OF SUPERVISOR

Mr. Nguyen Phuc Thinh

Board Director

Mr. Dang Cong Truc

Member

Mr. Bui Minh Khoa

Member

THACO’S ACHIEVEMENTS & AWARDS
THACO CHAIRMAN’S ACHIEVEMENTS & AWARDS

During 25 years of development, THACO has been recognized for numerous achievements and awards thanks to our substantial contributions to the economy, social communities and national development.

2022

First-rank Labor Medal (2nd times), presented by the Vietnam President

2020

Best Taxpayer Title, presented by General Department of Taxation

2012 - 2020

Vietnam Value Award (5 years in a row)

2017

First-rank Labor Medal, presented by the Vietnam President

2012 - 2016

Gold Star Award (5 years in a row)

2012 - 2015

Excellent Emulation Flag, presented by the Vietnam President

2012 - 2014

Excellent Emulation Flag, presented by the Vietnam President

2012

Second-rank Labor Medal, presented by the Vietnam President

2007

Third-rank Labor Medal, presented by the Vietnam President

2022

First-rank Labor Medal (2nd times), presented by the Vietnam President

2020

Best Taxpayer Title, presented by General Department of Taxation

2012 - 2020

Vietnam Value Award (5 years in a row)

2017

First-rank Labor Medal, presented by the Vietnam President

2012 - 2016

Gold Star Award (5 years in a row)

2012 - 2015

Excellent Emulation Flag, presented by the Vietnam President

2012 - 2014

Excellent Emulation Flag, presented by the Vietnam President

2012

Second-rank Labor Medal, presented by the Vietnam President

2007

Third-rank Labor Medal, presented by the Vietnam President

With tireless contribution during THACO’s 25 years of development, THACO Chairman Tran Ba Duong has been recognized for different titles and awards

2020

ASEAN Entrepreneurial Excellence Award 2020

2018

First-rank Labor Medal

2017

“Glorious Vietnam – 30 years of Renovation” Award

2008 - 2013

Excellent Vietnamese Entrepreneur Award (2008 – 2013)

2011 - 2012

Second-rank Labor Medal.

2010

Excellent Entrepreneur Certificate of Merit, represented by Dong Nai People’s Committee.

Thanh Giong Trophy for best entrepreneurs (2008-2010).

2009

Certificate of Merit, presented by Vietnam Prime Minister (on contributions to national development and protection).

2008

“Building young generations” Medal, represented by HCM Communist Youth Union.

Thanh Giong Trophy for best entrepreneurs.

2007

Third Class Labor Medal.

2006

Excellent Entrepreneur Certificate of Merit, represented by Dong Nai People’s Committee.

2005

Certificate of Merit, presented by Vietnam Prime Minister (on contributions to national development and protection).

2001

Red Star Honorary Award, represented by VN Youth Association.

2020

ASEAN Entrepreneurial Excellence Award 2020

2018

First-rank Labor Medal

2017

“Glorious Vietnam – 30 years of Renovation” Award

2008 - 2013

Excellent Vietnamese Entrepreneur Award (2008 – 2013)

2011 - 2012

Second-rank Labor Medal.

2010

Excellent Entrepreneur Certificate of Merit, represented by Dong Nai People’s Committee.

Thanh Giong Trophy for best entrepreneurs (2008-2010).

2009

Certificate of Merit, presented by Vietnam Prime Minister (on contributions to national development and protection).

2008

“Building young generations” Medal, represented by HCM Communist Youth Union.

Thanh Giong Trophy for best entrepreneurs.

2007

Third Class Labor Medal.

2006

Excellent Entrepreneur Certificate of Merit, represented by Dong Nai People’s Committee.

2005

Certificate of Merit, presented by Vietnam Prime Minister (on contributions to national development and protection).

2001

Red Star Honorary Award, represented by VN Youth Association.

ESTABLISHMENT & DEVELOPMENT

2001

1997

2022

2021

2020

THACO entered the second year to implement the multi-industry development strategies, including Automobiles, Agri, Supporting Industries & Mechanics, Logistics, Investment – Construction and Commerce – Service which are highly integrated and complementary in line with global integration and digitalization, and to embrace the mission to “bring values to customers & society, and make contributions to Vietnam’s economic growth”.

THACO restructured into a multi-industry corporation which has a highly integrated and complimentary business model and develops sustainably in line with digitalization and global integration.

5/2021 : THACO established Truong Hai International Services and Operation Joint Stock Company (THISO). Later, THISO founded THISO Retail to manage the supermarkets/hypermarkets after the acquisition of supermarkets and franchise rights from E-mart Inc. (Korea)

11/2021 : THACO established Supporting Industries & Mechanics Ltd. (THACO INDUSTRIES)

2020

5/2020 : THACO established Truong Hai International Logistics Ltd. (THILOGI) which owns 3 subsidiaries, i.e. Port Company, Shipping Company and Trucking Company.

12/2020 : THACO founded THACO AUTO Ltd. which includes all business units in THACO’s current distribution – retail network.

THACO developed the strategy to become a multi-industry corporation with a highly integrated and complementary business model. Specifically, Automobiles – Mechanics and Agri were the 2 key businesses, while Investment – Construction, Logistics, Commerce – Services were the 3 supporting businesses.

THACO developed logistics to support the auto business in Chu Lai, Quang Nam, invested in mechanics and parts production, and grew the agricultural business through HAGL Agrico.

THACO diversified into public infrastructure and real estate development by investing in Dai Quang Minh Real Estate Investment Corporation.

THACO invested in Chu Lai Open Economic Zone in central Quang Nam province to develop Vietnamese auto industry in general, and to carry out THACO’s auto manufacturing strategies in the context of ASEAN integration in 2018 (zero-percent tariffs for imported cars)

THACO started to assemble KIA light-duty trucks, an auto brand from South Korea.

THACO was founded in Dong Nai, southern VN to trade and repair second-hand vehicles. In 1999, THACO determined to expand to northern VN with our first branch in Hanoi capital.