Tran Ba Duong
$1.3B
Born
Apr 01, 1960
Age
65
Source of Wealth
Automotive
Residence
Ho Chi Minh City,
Citizenship
Vietnam
Marital Status
Married
Children
3
Education
- 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.
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