Vietnam
THACO
Truong Hai Group Corporation (“THACO”) (26.6%) is a multi-industry group headquartered in Vietnam.
Automotive
THACO imports, manufactures, assembles, distributes and retails passenger cars and commercial vehicles. It has 2.4 million sqm of industrial parks for the manufacturing of vehicles in Chu Lai and a retail network of over 400 dealerships across Vietnam.
Real Estate
THACO is a developer of residential and commercial properties including Sala City in the Thu Thiem New Urban Area of Ho Chi Minh City’s District 2. THACO also owns residential and commercial assets in Yangon, Myanmar.
Agriculture
THACO’s agriculture business in Vietnam, Cambodia and Laos covers over 50,000 ha of fruit cultivation and livestock pig and cattle farming.
Other Businesses
THACO is also involved in public infrastructure construction, retail and e-commerce, warehousing, freight forwarding and seaport services.


REE Corporation
Refrigeration Electrical Engineering Corporation ("REE Corporation") (41.4%) is a diversified Vietnamese business group listed on the Ho Chi Minh Stock Exchange. It has operations in power and utilities, real estate and mechanical and electrical engineering (“M&E”) services. REE has strategic interests in renewable energies such as solar, hydro and wind with a total of over 1,700MW installed power capacity. REE also develops and manages close to 145,000 sqm of commercial office properties in Ho Chi Minh City, and is a leading M&E contractor with deep experience in commercial, industrial and infrastructure projects.
Vinamilk
Vietnam Dairy Products Joint Stock Company (“Vinamilk”) (10.6%) is the largest food & beverage company on the Ho Chi Minh Stock Exchange by market capitalisation. It has 15 farms and 16 factories, with operations across Vietnam, Laos, Cambodia and the USA. Vinamilk is Vietnam’s largest dairy producer with a dominant market share and a strong network of over 250,000 distribution points across the country.
