For this year, EY (Ernst & Young) presented two honorary awards in the ASEAN region, with Hong Leong Group of Malaysia being the other awardee.

The awards aim to recognize successful Southeast Asian businesses and individuals for making substantial contributions to regional economies and communities.

THACO chairman Tran Ba Duong.

"From an automotive apprentice to now leading a conglomerate with a workforce of 22,000 as chairman of THACO, Mr. Duong’s entrepreneurial journey and commercial success is inspiring," a press release quoted Max Loh, Singapore and Brunei managing partner, Ernst & Young LLP, as saying.

Duong, speaking at the EY Entrepreneur of the Year Singapore virtual awards ceremony, thanked all partners and colleagues for having always been with THACO as the company fought challenges such as the 1997 Asian financial crisis, the 2007 - 09 global economic crisis, Vietnam’s economic crisis in 2012, and, especially, the ongoing Covid-19 pandemic.

Duong founded THACO in 1997 as a small private enterprise that repaired and traded used vehicles in Dong Nai Province in southern Vietnam.

It is now a conglomerate, though automobile and mechanics remain its core business, that has diversified into strategic sectors such as agriculture, logistics, investment, construction, and commerce.

In Vietnam, THACO is the leader of the automotive market with a 35 percent market share.

In 2003 the company started to build the THACO Chu Lai Automotive & Mechanic Industrial Park at the Chu Lai Open Economic Zone in Quang Nam Province in central Vietnam.

Bac Giang makes progress in improving investment and business environment

(BGO) – After nearly 5 years of implementation of Resolution No. 73, the investment and business environment of Bac Giang province has changed significantly. In particular, the thinking and awareness of authorities from the provincial to grassroots levels have been raised, opening up a new perspective and a new way of doing with new motivation and determination.

Eight outstanding businesses honoured for supporting employees

The second "Outstanding Enterprise for Workers" award has been granted to eight enterprises that have deployed a range of activities to support their labourers.

Bac Giang creates business community’s trust by enhancing competitiveness

(BGO) - The project "Building and implementing the department and district competitiveness index (DDCI) of Bac Giang province in 2020-2025" approved by the Bac Giang provincial People's Committee has given the business community confidence in the determination to improve the investment and business environment, and raise the provincial competitiveness.

Bac Giang strives to improve business environment to draw investment

(BGO) – In the period 2015 – 2020, the average Gross Regional Domestic Product (GRDP) in Bac Giang province hits 14 percent per year in the group of provinces with highest growth rate across the nation. The prominent result was gained thanks to the active contribution of the Department of Planning and Investment (DoPI) with great effort in consulting the local authority to create clear, transparent and attractive investment environment.

Two Vietnamese among top 25 Asian ‘Power Businesswomen’: Forbes

Top executives of seafood producer Vinh Hoan and electronics retailer FPT are included in Forbes’s 2020 listing of 25 most powerful businesswomen in Asia.

Source: VnExpress