The above information was confirmed by a representative of Mr. Le Duc Thanh's family to VietNamNet reporters this afternoon (September 5).

Accordingly, Mr. Le Duc Thanh passed away at 8:00 a.m. this morning at his home on Le Hong Phong Street, District 10, Ho Chi Minh City.

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Mr. Le Duc Thanh is the founder of Thanh Buoi Company. Photo: MT

Mr. Le Duc Thanh is the founder of Thanh Buoi Company in 2000. The company has its headquarters on Le Hong Phong Street (District 5) with 2 offices on Dien Bien Phu Street (Binh Thanh District) and Vo Nguyen Giap Street (Thu Duc City).

The company has 5 main business segments including passenger transport, cargo transport, vehicle rental, tours and fast money transfer with more than 1,300 employees. In which, the passenger transport segment is the most well-known and is also a famous brand in the Southern region with 3 main routes including Ho Chi Minh City - Da Lat, Ho Chi Minh City - Can Tho, Da Lat - Can Tho. In the transportation segment, the company has 4 types of vehicles including refrigerated trucks, container trucks, 2-ton trucks and 10-ton trucks.

In recent years, in addition to the core business of passenger and cargo transportation, the Company has also expanded into domestic tourism, advertising services, fast money transfer, and planting and processing forest products.

Thanh Buoi has revenue of nearly 500 billion VND but has huge losses

Thanh Buoi has revenue of nearly 500 billion VND but has huge losses

Thanh Buoi's business situation has been very difficult with a record loss of VND85 billion last year, despite the scale of revenue increasing back to approximately VND500 billion.
With a profit of 500 billion, Mr. Duc's business is still doubted for its ability to continue operating.

With a profit of 500 billion, Mr. Duc's business is still doubted for its ability to continue operating.

Although the after-tax profit in the first half of the year was over VND500 billion, due to the accumulated loss of over VND957 billion, Hoang Anh Gia Lai JSC of Mr. Duc is still "significantly doubted by auditors about its ability to continue operations". HAG shares are also kept under warning status.
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