Tasco

What Tasco does

Tasco Joint Stock Company (HNX: HUT) is a Vietnamese publicly listed investment holding company that operates an integrated automotive and smart-transport ecosystem serving individual vehicle owners, ride-hailing drivers, and corporate fleet customers in Vietnam. Through Tasco Auto, VETC, Carpla, Tasco Insurance, and Tasco Finance, the group covers the full vehicle lifecycle — new vehicle distribution across 16 brands (Geely, Lynk & Co, Lotus, Volvo, Zeekr, Toyota, Ford, Mitsubishi, Hyundai) via 150 showrooms and 70+ service workshops, used-car sales through 7 Carpla Automalls, electronic toll collection across 136 stations and 765 highway lanes (75% market share), BNPL and syndicated auto financing, motor and non-life insurance through 35 branches, EV charging aggregation via the VETC Trạm sạc platform (~250 stations), and 24/7 roadside assistance via a 300+ vehicle fleet.

The company's revenue model blends one-time vehicle sales (Tasco Auto generated VND 37,375B on 37,639 vehicles in 2025), recurring toll transaction fees (VETC VND 666B), insurance premiums (VND 1,564B), interest/fees from auto loans and BNPL (VND 5,000B+ outstanding), resort income from Six Senses Ninh Van Bay and Ana Mandara Da Lat (VND 467B), and consolidated contribution from DNP Holding (VND 9,677B from December 2025). Underlying technology is built on the VETC digital platform — 4.5M registered car owners, 4.3M app users (3M wallet users), ~1.8M transactions/day, and CRM/insurance/finance integrations — increasingly tied together through a planned "Tasco Mobility Digital Platform." Strategic capital partners include Mitsui & Co. (Tasco Auto shareholder, 2024), IFC (USD 20M into VETC, 2025), and Geely (64/36 CKD JV with 75,000 units/year capacity in Thai Binh).

In 2025 Tasco reported consolidated revenue of VND 52,533B (~USD 2.1B), profit after tax of VND 630B (VND 993B excluding goodwill), total equity of VND 17,942B (+55% YoY), total assets of VND 52,231B (+80% YoY), and charter capital of VND 10,683B (up from VND 2,686B in 2018), with 2026 AGM guidance of VND 54,918B revenue and VND 1,599B pre-tax profit. The group employs 10,000+ across 70+ member companies, is headquartered in Hanoi (Tasco Building, Pham Hung, Tu Liem) with a representative office in Ho Chi Minh City, and trades on the Hanoi Stock Exchange under ticker HUT.

Name

Tasco

Legal name

Công ty Cổ phần Tasco

Website

http://www.tasco.com.vn

Company type

Public

Founded year

1971

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Tasco (HNX: HUT) is a Vietnamese integrated mobility holding that combines the country's largest auto-distribution network (150 showrooms, 16 brands, 14.2% market share), a dominant 75%-share electronic toll-collection platform (VETC, 4.5M users), motor insurance, financing, and EV charging — serving Vietnamese vehicle owners, ride-hailing drivers, and corporate fleets.

Ownership category

akta.pro rank

Product category

Automotive Distribution and Mobility Services

NAICS

Automobile and Light Duty Motor Vehicle Manufacturing (33611), Motor Vehicle Manufacturing (3361), Taxi and Ridesharing Services (485310)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510), Services-Automotive Repair, Services & Parking (7500)

akta.pro primary industry

Toll Plaza / Lane Equipment & Field Systems (Gantry, Sensors, Cameras, AVC) (TLAJABAH)

akta.pro secondary industries

Corporate Mobility & Car Sharing / Pool Fleet Management (TLABAHAO), Roadside Assistance & Towing Memberships (Bundled with Service Contracts) (FSAJALAL), Chauffeured / Black Car & Executive Car Services (THACAIAC), EV Ride-Hailing / Chauffeur Services (EV-Only Fleets) (THADANAG)

Keywords

• Automotive distribution
• Electronic toll collection
• Motor insurance
• Smart transportation infrastructure
• Used car platform

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Marketing or Sales, Personnel, Technology or R&D, Infrastructure, Others

Revenue model

1. Tasco Auto – Vehicle Distribution and Sales: Revenue from distribution and sales of new automobiles through 150 showrooms and authorized dealer networks across Vietnam. In 2025, recorded revenue of VND 37,375 billion with 37,639 vehicles sold (14.2% market share per VAMA). Also includes revenue from the Geely CKD assembly joint venture at Thai Binh (75,000 units/year capacity, USD 168 million investment).
2. VETC – Electronic Toll Collection (ETC): Electronic toll collection services on national highways through 136 stations and 765 lanes. Revenue from transaction fees. In 2025, VETC recorded revenue of VND 666 billion, up 35% YoY, maintaining 75% market share. Processes 1.8 million transactions/day averaging over 700 million transactions annually.
3. Tasco Insurance: Non-life and life insurance products, with particular strength in motor vehicle insurance. In 2025, total premiums reached VND 1,564 billion, up 141% YoY, with over 1 million policies issued. Ranked among the top 7 motor insurance companies in Vietnam. Network of 35 branches nationwide.
4. Tasco Finance – Financial Services: Comprehensive financial solutions for car owners including auto purchase financing through syndicate loans with banks, leasing models, subscription options, microfinance, BNPL, and Master Mobility co-branded card. Total outstanding auto loan balances exceeded VND 5,000 billion in 2025.
5. Investment Segment (Tasco Investment / DNP Holding): Investment in essential services (clean water, renewable energy, healthcare), consumer goods, construction materials, and real estate. DNP Holding (consolidated from December 2025) recorded consolidated revenue of over VND 9,677 billion in 2025. Two five-star resorts (Six Senses Ninh Van Bay and Ana Mandara Da Lat) generated VND 467 billion in revenue.
6. VETC Trạm sạc – EV Charging Platform Fees: Revenue from EV charging aggregation platform connecting multiple charging station operators. Users pay for charging sessions through the VETC app; VETC retains a platform fee. Offers preferential rates such as 4,550 VND/kWh (vs 8,800 VND/kWh listed price) for partners.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Tasco operates Vietnam's largest integrated automotive and smart transportation ecosystem, distributing vehicles for 16 brands (Geely, Lynk & Co, Lotus, Volvo, Zeekr, Toyota, Ford, Mitsubishi, Hyundai) through 150 showrooms and 70+ Carpla service workshops, while running the country's dominant electronic toll collection system (VETC: 136 stations, 765 lanes, 75% market share) and a top-7 motor insurance business. The company is also building a mobility-as-a-service platform around VETC that combines toll payment, EV charging aggregation, roadside assistance, vehicle financing and insurance into a single ecosystem serving over 4.5 million car owners.

Product overview

Tasco is a technology-driven investment holding company operating a comprehensive ecosystem connecting transportation infrastructure, insurance, and investment in essential services and innovation. The core product portfolio consists of three main pillars: (1) Smartmobility including VETC (electronic toll collection with 64% market share, 4.5M customers), Tasco Auto (largest automotive distributor in Vietnam with 150 showrooms, 14.2% market share, 16 brands including Geely, Lynk & Co, Volvo, Lotus, Zeekr), Carpla (used car O2O platform with 7 Automalls), and Tasco Finance (auto loans, BNPL, leasing); (2) Insurance through Tasco Insurance (top 7 motor insurer, 35 branches, VND 1.6T revenue); and (3) Investment through Tasco Land managing 210 ha of land, two five-star resorts, and acquired DNP Holding (water, energy, healthcare). Key digital products include VETC Trạm sạc (cross-brand EV charging platform with 250+ stations) and the planned Tasco Mobility platform for ecosystem integration. Tasco distributes vehicles from global brands including Geely, Lynk & Co, Lotus, Volvo, Zeekr, Toyota, Ford, Mitsubishi, and Hyundai.

Differentiator

Problem solved

Functional benefit

Products and services

• VETC Electronic Toll Collection (Thu phí không dừng) Pioneer and largest electronic toll collection system in Vietnam, connecting 136 toll stations and 765 highway lanes, serving over 4.5 million car owners; processes 1.8 million transactions daily (peak 2.3 million) with ~75% market share. Expanded to digital wallet, EV charging, roadside assistance, motor insurance and BNPL services.
• Tasco Auto Largest automotive distribution and service network in Vietnam, operating 150 showrooms nationwide and holding 54.1% of SAVICO (~14.2% VAMA market share); distributes 16 brands including Toyota, Ford, Mitsubishi, Hyundai, Volvo, Lynk & Co, Geely, Lotus and Zeekr. Recorded VND 37,375 billion revenue and 37,639 vehicles sold in 2025.
• Carpla Used car online-to-offline (O2O) platform operating 7 Automalls nationwide, providing vehicle inspection, warranty, insurance, loans, replacement parts, maintenance and repair services as a one-stop shop for used vehicle transactions.
• Tasco Insurance Comprehensive insurance provider ranked among the top 7 motor insurance companies in Vietnam, operating 35 branches and offering non-life (motor, property, engineering, marine, health) and life insurance products. Recorded VND 1.6 trillion revenue and over 1 million policies in 2025.
• Tasco Finance Comprehensive financial solutions provider for car owners including auto purchase financing through syndicate loans with banks, leasing models, subscription options, microfinance, BNPL and the Master Mobility co-branded card. Total outstanding auto loan balances exceeded VND 5,000 billion in 2025.
• Tasco Land / Tasco Investment Investment arm managing 210 hectares of land in prime locations across Hanoi, Ho Chi Minh City and Da Nang; owns the five-star Six Senses Ninh Van Bay and Ana Mandara Da Lat resorts, and holds essential-services investments through DNP Holding (clean water, renewable energy, healthcare, consumer goods). Resort portfolio generated VND 467 billion revenue in 2025.
• VETC Trạm sạc (EV Charging Aggregation Platform) Cross-brand EV charging search, activation and payment platform integrated into the VETC app, connecting approximately 250 charging stations across Tasco Smart Charge, Ford Vietnam, ESKY and Rabbit EV with integrated billing and real-time availability.
• VETC RSA (Roadside Assistance) 24/7 nationwide roadside assistance service operating the largest rescue vehicle fleet in Vietnam with over 300 units, covering 100% of communes and wards; available as a subscription bundled with vehicle purchases.
• VETC Go (Self-Drive Car Rental) Self-drive car rental service within the VETC ecosystem, part of Tasco Auto's broader mobility offerings for vehicle owners and short-term users.
• Geely CKD Vehicle Assembly (Thai Binh) CKD vehicle assembly joint venture with Geely Auto Group located in Thai Binh province; 30-hectare facility with 75,000 units/year capacity, USD 168 million investment (Tasco 64%, Geely 36%). Serves domestic market and export to FTA partner countries.
• Six Senses Ninh Van Bay Resort Five-star luxury resort operated by Tasco Investment at Ninh Van Bay; combined with Ana Mandara Da Lat, the resorts generated VND 467 billion revenue and over VND 282 billion gross profit in 2025 (up 19% YoY).
• Ana Mandara Da Lat Resort Heritage French colonial villa-style five-star resort in Da Lat operated by Tasco Investment; part of the group's premium resort real estate portfolio.
• DNP Holding (Essential Services Investment) Subsidiary acquired in December 2025 (51.4% stake) operating in clean water (DNP Water with 30+ plants across 11 provinces, 1,000,000 m³/day capacity, in partnership with Samsung E&A), construction materials (Dong Nai Plastics, CMC Tiles), premium housewares (Inochi), and environmental services. Consolidated revenue exceeded VND 9,677 billion in 2025.

Quantifiable outcome

• 14.2% automotive distribution market share in Vietnam (per VAMA), making Tasco Auto the largest distributor
• +6 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability2 records

Feature5 records

Partnerships

Twelve partnerships are on record, tiered minor, core and major.

• Vietnam's National Innovation Centre (NIC) / Skolkovo Innovation FoundationminorStrategic or Co-development Partner · 28 May 2026Vietnam's National Innovation Centre (NIC) signed an MoU with Russia's Skolkovo innovation foundation at Russia's Startup Village 2026 in Moscow. Tasco organized an international technology competition on smart cities focused on transport infrastructure and digital mobility services, and announced plans to financially support joint technology projects with Russian partners, particularly in AI applications for small-scale smart control systems.
• Grab VietnamcoreStrategic or Co-development Partner · 6 May 2026Tasco Auto and Grab Vietnam signed a comprehensive cooperation agreement for green mobility. Grab driver partners gain preferential pricing on Geely new energy vehicles (EV and PHEV), preferential EV charging rates (4,550 VND/kWh vs 8,800 VND/kWh at Esky stations), and access to the full Tasco Auto ecosystem including Carpla Service, Tasco Insurance, VETC RSA, and VETC Go rental. Joint marketing activities through GrabAds platform and co-branded promotions.
• Ford VietnammajorStrategic or Co-development Partner · 8 April 2026Tasco Auto and Ford Vietnam signed an MOU for strategic cooperation on EV charging infrastructure sharing. By April 2026, 32 DC charging stations were already operational. Tasco Auto plans to deploy 55+ fast chargers at its showrooms nationwide, while Ford Vietnam invests 34 stations at key locations, aiming for 89 combined charging points by end of 2026. VETC app serves as the digital platform for station location, status checking, and payment.
• DNP HoldingcoreOthers · 24 December 2025Tasco Investment (a member of Tasco) acquired 72,522,667 shares, equivalent to 51.4% of DNP Holding's charter capital, making DNP Holding an official subsidiary of Tasco. DNP operates in clean water (DNP Water, 30+ plants across 11 provinces), construction materials (Dong Nai Plastics, CMC Tiles), premium housewares (Inochi), and environmental services. DNP Water partners with Samsung E&A.
• Geely Auto GroupcoreStrategic or Co-development Partner · 23 September 2024Tasco and Geely formed a joint venture for CKD vehicle assembly in Thai Binh province (30 hectares, 75,000 units/year capacity, USD 168 million investment; Tasco 64%, Geely 36%). Tasco Auto also became the official distributor of Geely Auto brand in Vietnam, following the Lynk & Co distribution agreement signed in 2023. Both parties signed a three-party MoU with the Economic Zone Management Board and Industrial Parks of Thai Binh Province for strategic cooperation.
• Lynk & Co (Greenlynk Automotives)coreChannel Partner/ Reseller/ Distributor · 1 January 2023Tasco Auto, through its subsidiary Greenlynk Automotives, serves as the official Lynk & Co distributor in Vietnam. Launched Lynk & Co 900 flagship full-size SUV in June 2026. Lynk & Co is a premium global brand under Geely Auto Group.
• Six Senses Ninh Van BayminorOthersFive-star luxury resort operated by Tasco Investment as part of its resort real estate portfolio. Combined with Ana Mandara Da Lat, these resorts generated VND 467 billion in revenue in 2025 with gross profit exceeding VND 282 billion (up 19% YoY).
• Ana Mandara Da LatminorOthersFive-star heritage French colonial villa resort operated by Tasco Investment in Da Lat. Part of Tasco's premium resort real estate portfolio. Combined with Six Senses Ninh Van Bay, generated VND 467 billion in revenue in 2025.
• CarplacoreChannel Partner/ Reseller/ DistributorTasco Auto invested in Carpla, a used car distribution platform with 7 Automalls nationwide and an online-to-offline model. Carpla provides vehicle inspection, warranty, insurance, loans, replacement parts, maintenance, and repair services, serving as a key component of Tasco's full lifecycle vehicle service ecosystem.
• Esky (EV Charging Partner)majorTechnology or IntegrationEsky is a strategic partner for EV charging station deployment. Tasco Auto and Esky aim to deploy 55 charging stations covering most Tasco Auto showrooms and Tasco ecosystem facilities by 2026. Tasco Auto customers enjoy 35% fee reduction on charging at Esky stations. Also connected to VETC Trạm sạc platform.
• SAVICOcoreChannel Partner/ Reseller/ DistributorTasco Auto owns 54.1% of SAVICO, a listed company holding approximately 13.3-14.2% of Vietnam's automobile distribution market share. SAVICO distributes multiple car brands including Toyota, Ford, Mitsubishi and Volvo.
• DNP Water / Samsung E&AcoreStrategic or Co-development PartnerDNP Water, a DNP Holding subsidiary (51.4% owned by Tasco), partners with Samsung E&A in operating over 30 clean water plants across 11 provinces with total design capacity of 1,000,000 m³/day. DNP Water is Vietnam's leading investor in the water industry.

Scale indicators24 records

Recent moves15 records

Expansion highlights7 records

Direct peers

• SAVICO (Saigon General Service): Vietnamese automobile distributor (HOSE-listed) distributing Toyota, Ford, Mitsubishi, Volvo and others. 54.1%-owned by Tasco Auto, but operates as a parallel listed distributor with overlapping brand portfolio — the most direct local distribution peer.
• Haxaco (Hoang Anh Gia Lai Auto): Listed Vietnamese auto distributor for Mercedes-Benz, Ford, and other brands with a national showroom and service network. Direct competitor in mass-market and premium auto distribution with overlapping customer base.
• Hyundai Thanh Cong Vietnam (HTV): Vietnamese assembler and distributor of Hyundai vehicles with manufacturing and nationwide dealer network. Direct comparable in vehicle distribution and assembly operations across mass-market segments.
• PVI Insurance (Bảo hiểm PVI): One of Vietnam's largest non-life insurers with leading position in motor insurance — a direct head-to-head competitor to Tasco Insurance for the same captive driver/customer base.

Broad incumbents

• VinFast Auto: Vietnamese EV manufacturer (part of Vingroup) building an integrated vehicle-plus-charging-plus-financing ecosystem. Competes with Tasco Auto in the EV distribution space and is also a potential EV charging counterpart on VETC Trạm sạc.
• Inchcape plc: London-listed global automotive distributor operating across multiple markets with a multi-brand distribution model. Closest international comparable to Tasco Auto's 16-brand multi-market distribution strategy.
• Geely Auto Group: Chinese OEM and parent of Geely, Lynk & Co, Zeekr, and Lotus — brands Tasco distributes and assembles in Vietnam via the 64/36 Geely-Tasco CKD joint venture. Strategic supplier-partner with deeply aligned commercial interests.

Regional players

• Grab Holdings: Southeast Asian super-app with ride-hailing, deliveries, and financial services. Strategic partner of Tasco Auto for green mobility (preferential Geely NEV pricing and EV charging) and serves a similar driver/customer base in Vietnam.

Others

• Transurban Group: Australian toll-road operator with leading electronic tolling operations across multiple geographies. Most relevant international benchmark for the VETC toll-collection business and the underlying technology platform economics.

Emerging players

• ChargePoint Holdings: US-listed EV charging network and software platform. Closest pure-play comparable for the VETC Trạm sạc cross-brand EV charging aggregation business in terms of platform economics and network growth profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tascoinc
• Facebookfacebook.com/TascoJSC
• LinkedInlinkedin.com/company/tasco-jsc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tasco