On January 8, 2025, Tasco Joint Stock Company was honored at the Announcement Ceremony of the Top 500 Largest Enterprises in Vietnam (VNR500), organized annually by Vietnamnet Newspaper and Vietnam Report.
This year, Tasco and Saigon Service Corporation (Savico) both hold high positions in the rankings and are in the Top 10 and Top 5 groups in the automobile industry. This is the result of efforts to maintain growth and stability in a volatile economic context.
VNR500 Ranking – Top 500 largest enterprises in Vietnam is one of the annual activities to honor enterprises that have made great contributions to the development of Vietnam’s economy. By using objective, transparent and scientific ranking methods based on the Fortune 500 evaluation model, enterprises are ranked in VNR500 based on many criteria such as: revenue, profit, assets, growth rate, labor scale, media reputation, etc.
Being listed in the VNR500 is a recognition of Tasco's achievements in its efforts to outperform the market and based on a sustainable development strategy in a challenging economic context. This also reflects the effective business strategies that the company has applied to adapt and develop in key areas.
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| Representative of Tasco Corporation received the certificate of Top 500 largest enterprises in Vietnam. |
Over the years, Tasco has gradually brought new pieces into the value chain, contributing to realizing the vision of "becoming the number 1 choice for automobile services and smart traffic infrastructure in Vietnam".
Currently, Tasco owns the Tasco Auto system, the largest automobile distributor in Vietnam with 13.7% market share, 106 showrooms nationwide, officially distributing 16 car brands such as Volvo, Lynk & Co, Zeekr, Geely, Toyota, Ford, Mitsubishi, Hyundai and many other car brands. Tasco is also a pioneer in the field of non-stop electronic toll collection (ETC) through its member unit VETC, accounting for 75% market share, with a network of 126 stations, 711 toll lanes, serving 3.6 million car owners with about 1.8 million transactions per day.
In order to concretize the strategy of moving upstream in the automobile industry, in September 2024, Tasco signed a strategic cooperation agreement with Geely to establish a joint venture to manufacture and assemble automobiles (CKD) in Thai Binh province.
Geely is known as a Top 10 global automaker, the parent company of the world's safest car company Volvo, a major shareholder of Mercedes-Benz, and invests in a series of globally renowned brands such as Aston Martin, Lotus, Polestar. Geely's global car sales continue to grow, reaching sales of more than 3.3 million vehicles (+22%) in 2024.
The CKD factory with a capacity of 75,000 vehicles/year will start construction in 2025 and deliver the first model in 2026, of which a portion will be for export according to the partner's commitment to markets where the partner has advantages and markets that have FTA agreements with Vietnam.
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| Lynk & Co Ha Long Showroom belongs to Tasco Auto system. |
Tasco's efforts and potential are also highly appreciated by international investment groups, when Mitsui & Co, one of Japan's leading corporations, officially became a strategic shareholder of Tasco Auto.
With the vision of becoming a leader in providing comprehensive mobility solutions, Tasco not only focuses on distributing high-quality automobile products but also builds a comprehensive service chain to meet all customer needs, from buying new cars, used cars, maintenance, repair to financial services & after-sales services that meet international standards. Tasco is committed to providing superior customer experience, while promoting sustainable development in the automobile industry.
It is estimated that Tasco will record consolidated revenue of about VND30,700 billion in 2024, 2.7 times higher than the same period last year. Revenue growth is strong thanks to optimizing operations and focusing on developing core business areas.
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