Thaco chairman Tran Ba Duong. Photo courtesy of the company.

The firm's latest business registration features mining and processing of bauxite and mining of other non-ferrous metal ores. Other mining-related activities are support services for other mining activities; quarrying of stone, sand, gravel and clay; construction of mining works; and wholesale of metals and metal ores.

New business lines also include production of precious and non-ferrous metals; and forging, stamping, pressing, and rolling metal.

Beyond mining, Thaco added and adjusted other sectors, including railway Industry with manufacturing locomotives, passenger and freight transport, and supporting services for rail transport; and arts and entertainment with performing arts.

Last month, the group raised its charter capital to nearly VND40.52 trillion ($1.54 billion) from VND30.39 trillion ($1.16 billion), via a stock dividend distribution at a 3:1 ratio.

Singapore-listed Jardine Cycle & Carriage (JC&C) remains Thaco’s largest foreign shareholder with a 26.7% stake, while the rest are mainly individual investors linked to South Korea holding small minority positions.