At the HR Asia Awards ceremony on August 8th in Ho Chi Minh City, Tasco Joint Stock Company (Tasco) was recognized under the category “Best Companies to Work for in Asia 2024”
Tasco – “Best Companies to Work for in Asia 2024”
With over 50 years of development, Tasco is a leading corporation in the automotive services and smart transport infrastructure sectors, employing more than 8,000 staffs across 82 subsidiaries and affiliated companies. Tasco 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. Tasco also owns VETC, the pioneer in operating electronic toll collection (ETC) systems, commanding 70% of the ETC market, serving 3.5 million car owners. 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.
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, 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, Mr. Tran Duc Huy, Vice Chairman of Tasco, stated: “In our development journey, Tasco is dedicated to creating a workplace where all employees feel valued, engaged, and empowered to learn, innovate, and grow. The recognition as the “Best Companies to Work for in Asia” this year reaffirms our efforts being acknowledged by reputable organizations in the market. Guided by our unique core values of agility, speed, boldness, and decisiveness, we will continue to inspire our employees to achieve new achievements and worthy rewards for their contributions“.
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: A Cornerstone for Breakthrough and Sustainable Growth
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).
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 USD 1 billion, reaching VND 26,749 billion; Aggregated revenue reached nearly VND 33,189 billion. The positive momentum continued in the 1H2024 with consolidated revenue of VND 14,823 billion, consolidated net revenue of VND 11,634 billion (+1,763% yoy). Profit after tax reached VND 92.7 billion, an increase of 581.6% compared to the same period last year.
