On March 19, 2021, Thanh Cong Group and Hyundai Motor Company officially established a joint venture to distribute Hyundai passenger vehicles in the Vietnamese market under the name Hyundai Thanh Cong Vietnam Automobile Joint Venture Joint Stock Company (HTV). This milestone demonstrates Hyundai Motor Company’s long-term investment commitment to the Vietnamese market, while also reflecting Thanh Cong Group’s strategic and focused development plan, contributing significant advancements to Vietnam’s automotive industry.