Tran Ba Duong

Net worth over time

Biography

• Tran Ba Duong got his start working at an auto repair factory in the 1980s and eventually worked his way up to management.
• He founded Truong Hai Group, also known as Thaco, in 1997; it initially sold cars and later started assembling cars for foreign brands such as Kia, Mazda and Peugeot.
• His company's turning point came in 2008, when Jardine Cycle and Carriage, a car distributor in Singapore, bought a stake in it.
• Thaco is now one of the biggest conglomerates in Vietnam with interests in automobiles, real estates, agriculture and logistics.
• He received the EY Asean Entrepreneurial Excellence Award in 2020.
• Tran is known to control every little detail of his business and often requests meetings with the management in the evenings and on weekends.

Financial assets