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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.