Truong Hai Group Joint Stock Company (Thaco) with Mr. Tran Ba Duong as Chairman of the Board of Directors has just issued a periodic report on the situation finance in 2023. Profit after tax reached VND 2,734 billion, down 63% compared to compared to the previous year.
The company has a profit after tax/equity ratio (ROE) of 5 2%, much lower than the figure of 15 3% in the previous year. Equity is 2 26 times, corresponding to the amount of debt payable is more than 118,360 billion VND.
The outstanding bond debt on equity is 0 27 times. Thus enterprise debt about 14,140 billion VND in bonds, an increase of about 5,905 billion VND compared to the beginning of the year.
Thaco was established in 1997 in Dong Nai by Mr. Tran Ba Duong, who is also Chairman of the Board of Directors. From an enterprise specializing in importing used cars and providing auto repair parts, Thaco has developed into a multi-industry consisting of 6 member corporations: Thaco Auto (cars), Thaco Industries (mechanics and supporting industries) Thaco Agri ( agriculture) Thadico (construction investment) Thisco (trade and services) Thilogi (logistics).
Mr. Tran Ba Duong is one of 6 Vietnamese billionaires on the list of the richest people on the planet in 2023 according to Forbes. Mr. Duong’s estimated asset value in 2023 is 15 billion USD, down 100 million USD compared to the previous year.
Latest updated data as of April 1 of billionaire Tran Ba Duong’s assets reduced by 300 million USD to 1.2 billion USD.
In the message sent to staff at the beginning of the year, Mr. Tran Ba Duong assessed that in 2024, the economy is forecast to still have difficulties and challenges. a data-auto-link-id=”61327da4fb044100119a145c” data-content-name=”article-content-autolink” data-content-piece=”article-content-autolink_61327da4fb044100119a145c” data-content-target=”https://dantri .com.vn/lanh-doanh/tieu-dung.htm” data-track-content=”” href=”https://dantri.com.vn/lanh-doanh/tieu-dung.htm”>consumption< /a> is as low as 2023 and expected to grow slightly in the last 6 months of the year. Thaco continues to implement the Multi-industry Strategy and 5-Year Plan (2023-2027).
With Thaco Auto (cars), the company plans to sell 95,400 cars of all types with reasonable revenue. at least 68,400 billion VND. Total investment capital is more than 2,100 billion VND.
With Thaco Industries (mechanical and supporting industries), the group continues to invest and put into operation new factories in Chu Lai (Quang Nam) . The planned consolidated revenue is 13,000 billion VND.
With Thaco Agri (agriculture), the group aims to completely plant new bananas and fruit trees with a specialized banana cultivation area of more than 11,600 hectares. The total area of fruit trees combined with cow farming is 7,100 hectares. Regarding livestock production, the group is expected to reach a scale of over 151,500 pigs by the end of this year, with a herd of 136,600 pigs. Thaco Agri’s revenue is estimated at 6,600 billion VND.
With Thadico (construction investment), the group continues to invest in completing the infrastructure of 3 specialized industrial parks in Chu Lai – Quang Nam and Thai Binh At the same time, researching investment in industrial parks in Binh Duong…
For complex real estate Thadico will continue to complete the construction of Thisco Mall Truong Chinh – Phan Huy Ich Project (HCMC); upgrading the Thisco Yangon Complex in Myanmar.
In the period 2024-2027, the group plans to start construction on 12 projects, including 2 projects in the North and 10 projects in the South. Thadico also continues to implement 36 projects at Thaco’s existing land funds.
“
