Vietnam top auto retailer Tasco receives 'Best Companies to Work for in Asia 2024' award

Tasco JSC, a leading corporation in the automotive services and smart transport infrastructure sectors in Vietnam, was recognized as one of the "Best Companies to Work for in Asia 2024" at the HR Asia Awards ceremony in Ho Chi Minh City on Thursday.

Tasco - "Best Companies to Work for in Asia 2024"

With over 50 years of development, Tasco is employing more than 8,000 staff across 82 subsidiaries and affiliated companies. It is the owner of Tasco Auto, the largest automotive distribution and service network in Vietnam, with a 13.3% market share, representing 14 car brands, and operating 90 showrooms nationwide.

The 14 car brands include major ones like Toyota (~20% market share), Ford (~30% market share), Mitsubishi (~20%), Volvo (100%), among others.

Tasco also owns VETC, the pioneer in operating electronic toll collection (ETC) systems, commanding 70% of the ETC market. It possesses a network connecting 120 toll stations and 669 toll lanes, serving 3.5 million car owners and handling an average of 1.2 million to 1.5 million vehicle passes per day.

Alongside other business units within the system, such as Tasco Insurance, ranked among the top 10 companies in automobile insurance gross written premiums in the most recent month, and Carpla, a large-scale used-car trading platform, Tasco provides a comprehensive, full lifecycle service chain for automobiles in Vietnam.

The company has invested in several of Vietnam's most unique and luxurious resorts, including Six Senses Ninh Van Bay and Ana Mandara Dalat.

At the HR Asia Awards ceremony, Tasco was honored as one of the "Best Companies to Work for in Asia 2024". This prestigious international award recognizes companies with outstanding HR policies, attractive benefits, and leading workplace environments in the region.

The award is organized by HR Asia magazine in collaboration with professional partners in the HR field across various Asian countries and territories, including Hong Kong, Singapore, mainland China, South Korea, Thailand, and Malaysia.

To achieve this award, Tasco and other companies had to undergo multiple evaluation rounds, meeting comprehensive criteria based on the Total Engagement Assessment Model. This model focuses on three elements: CORE - the company's core values and culture, SELF - individual values and emotions, and GROUP - collective values (spirit, effectiveness, engagement).

Tasco consistently outperformed the average benchmarks, achieving CORE, SELF, GROUP scores of 4.41, 4.58, and 4.59, respectively, compared to market averages of 3.88, 3.71, and 3.98.

Speaking at the event, Tran Duc Huy, vice chairman of Tasco, stated: "In Tasco's development journey, we always focus on creating a workplace where every employee feels valued and committed to long-term contribution while also being able to learn, to innovate, and to grow.

Being recognized as one of the 'Best Companies to Work for in Asia' this year affirms Tasco's efforts have been acknowledged by reputable organizations in the market. With the spirit of "agility, speed, boldness, decisiveness," the unique cultural values of Tasco people will continue to fuel new achievements for the organization and worthy rewards for all employees."

The HR Asia Awards this year was themed "The Definitive Z Choice - Entering a New Era with Generation Z," targeting GenZ employees, a potential, creative, yet individualistic workforce.

Anticipating the GenZ wave, Tasco has organized several prominent activities at both international and domestic universities, attracting significant interest from young people. Through these activities, Tasco not only reinforces its pioneering role in attracting and developing young talent but also strongly conveys the message "We seek conquerors."

Tasco's focus on human development

With a priority on investing in human development and talent acquisition as the driving force for breakthrough and sustainable growth, Tasco has put considerable effort into refining and optimizing HR policies with competitive benefits.

Currently, Tasco owns an elite team of 1,500 highly skilled automotive and technology engineers, 1,000 sales staff, and 6,000 employees, all led by a senior management team with extensive international expertise.

A well-structured training strategy is currently being implemented by the board of directors through the establishment of Tasco Academy. Within just two years of its founding, Tasco Academy has successfully launched 230 courses with over 915 hours of training, involving 5,953 participants in various professional, skills, and advanced leadership classes.

Tasco Academy is seen as a testament to the leadership's vision and determination from the highest levels in focusing on human investment. Additionally, the company has a plan to develop a succession pool of young leaders through the Tasco Next Leaders program, which nurtures young, talented leaders.

In recent years, Tasco has also consistently won awards such as "Top 50 Vietnamese Companies with Attractive Employer Brands in 2022" and "Top 100 Best Places to Work in Vietnam in 2023," as voted by Anphabe, a top recruiter in Vietnam.

Regarding business performance, despite challenging market landscapes, Tasco recorded positive growth due to the exceptional efforts of our leadership team and employees.

In 2023, total assets increased by 130% compared to 2022, surpassing $1 billion, reaching VND26,749 billion ($1.06 billion); aggregated revenue reached nearly VND33,189 billion.

The positive momentum continued in the H1/2024 with consolidated revenue of VND14,823 billion ($590.2 million), and consolidated net revenue of VND11,634 billion (up 1,763% year-on-year). Profit after tax reached VND92.7 billion, an increase of 581.6%.