Mitsui & Co., a leading Japanese trading and investment group, has officially become a strategic shareholder of Tasco Corporation's subsidiary Tasco Auto.
The partnership between Tasco and Mitsui at Tasco Auto is considered a significant milestone that enables Tasco to realize its strategic objectives.
Through this partnership, Tasco Auto will have the exposure to world-class operational and management standards, and to the worldwide network of its partner.
Furthermore, Mitsui brings advanced technological solutions and its valued consultancy to enhance efficiency, improve governance structure, and streamline operation.
The collaboration will also help Tasco to capture the growth potential of the industry and continue to pursue its long-term strategy.
For Mitsui, this presents an opportunity to tap in a rapidly growing market of 100 million people.
Within this framework, the strategic partnership between them is driven by a shared vision of capturing strong long-term growth opportunities in the auto sector.
This partnership brings together Tasco’s leading advantages in automotive services in Vietnam with Mitsui’s international experience, extensive network, and robust global capabilities. This combination will maximize the strengths of both parties to develop and expand business operations, enhancing overall efficiency.
In the future, this partnership will unlock remarkable opportunities to enhance innovation in business models, increase profit margins, and create greater value for shareholders of both entities.
As a top automotive distributor in Vietnam, Tasco Auto holds approximately 13.3 per cent of the automotive market share. It partners 14 major car brands through a network of 90 showrooms stretching from north to south
In the transport infrastructure sector, Tasco, through its subsidiary VETC, the leading and pioneer of electronic toll collection (ETC) in Vietnam, commands a 70 per cent market share.
Aiming to complete the comprehensive lifetime service chain for vehicles, Tasco has invested in and wholly owns Tasco Insurance, focusing on motor vehicle insurance. Within a year of market entry, it has quickly ascended to the top 10 largest motor vehicle insurance providers by recent sales figures and owns the used car trading platform Carpla.
Tags:
Tags:
Foreign capital is anticipated to aid TNH Hospital Group Joint Stock Company (TNH) in realizing its ambitious expansion plans.
While major consumer finance firms in Vietnam have reported strong growth, Mcredit posted an unexpected 87 per cent drop in profit for the first half of 2024.
Well-managed companies not only seek capital but also maximize their investments, creating a solid foundation for long-term growth.
Business leaders often stumble in managing organizational change, according to Digiworld's Vice President To Hong Trang, who cited the 5W1H formula as a framework.
Pham Nguyen Confectionery, Nhat Tin Logistics, OnPoint, and Lotus Group have been recognized by Deloitte Vietnam as the best managed companies.
Kim Long Motor and Yuchai Corporation have launched a $260 million engine manufacturing plant in Vietnam, marking a significant leap for the country’s industrial ambitions.
