Thaco continues to increase investment in agriculture as part of its strategy to diversify beyond automobile assembly.
A subsidiary of Truong Hai Auto Corporation has earned a revenue of $500,000 from first shipment of bananas to China.
After a long time lagging behind Thaco, Toyota has been accelerating its sales on the market for several months and officially surpassed the domestic assembler to reach a 30 per cent of market share in October 2018.
Truong Hai Automobile JSC (Thaco) owned by billionaire Tran Ba Duong has taken a further step in the field of agriculture after entering the strategic cooperation with Hoang Anh Gia Lai (HAGL) Group owned by Doan Nguyen Duc.
Truong Hai Automobile, a local automobile manufacturer, continued to lead the Vietnam automobile market in April 2018 with its sales being over twice the figure for Toyota Vietnam.
According to the latest price list announced, prices of BMW Motorrad models distributed by Truong Hai Auto Corporation, commonly known as Thaco decrease from VND129 million or equivalent to $5,675 to VND199 million or $8,755.
The Thaco Mazda plant in Quang Nam province has just completed its first phase with a capacity of 50,000 units per year and had $308 million disbursed from Truong Hai.
The changes in the way of thinking of Vietnam's leading private corporations should be appreciated, given the fact that Forbes has included Vietnam's four business people in the list of billionaires in the world.
Being a billionaire by owning billions of dollar of assets, many Vietnamese businesses use these assets to secure their loans or related companies at banks.
Besides Pham Nhat Vuong and Nguyen Thi Phuong Thao, there are two Vietnamese businessmen's names placed in the World’s Billionaires list 2018 just announced by the reputable Forbes.
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