Page 2 - Thaco Group News Today

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), plunged 12.96 points (1.14%) to close at 1,125.39 on Thursday, ending its seven-session gaining streak and marking its lowest level since late March.

THACO Group is looking for investors to acquire a 10 per cent stake in THACO Auto, its subsidiary specialising in vehicle manufacturing and sales.

Thaco Group, one of Vietnam’s leading private conglomerates, is considering bringing in an investor into its automobiles arm Thaco Auto in a deal that could value the producer at around $5 billion, Reuters said Wednesday.

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After hitting record sales last year thanks to incentives and high demand, Vietnam’s car consumption his showing signs of slowing.

Automaker Thaco Group plans to increase its sales 7.7% from last year to 120,000 units this year, with earnings of more than VND90 trillion ($3.80 billion), despite concerns about market challenges. - VnExpress International

A delegation of the Vietnamese National Assembly (NA) and the Cambodian NA and Senate visited THACO Group in the central province of Quang Nam on December 24.

The stock market is fluctuating, which is leading to changes in Vietnam’s USD billionaires’ positions. Pham Nhat Vuong has lost $2.3 billion, but still ranks at the top. Tran Dinh Long has fallen to the bottom of the list.

It is necessary to control inflation but also ensure opportunities for businesses to access capital, said economist Tran Dinh Thien.

Large Vietnamese retailers are trying to expand their scale, exerting competitive pressure on foreign competitors to find opportunities in the retail sector.