Established in 1994 by American investors, Anthony D. Salzman and Ruby Shang, the V-TRAC Group was the first 100% foreign owned company permitted to operate a Sales and Service Business in Vietnam. Initially focusing on the distribution of Caterpillar mining machines (NYSE:CAT), V-TRAC became the most locally knowledgeable and competitive American machine distributer in Asia and achieved market leadership. By 2009, the V-TRAC Group grew into a diversified conglomerate, focusing on the distribution of numerous brands of equipment, engines, and automobiles, while maintaining holdings in financial leasing and property acquisition. Over 15 years, the Group had trained more than 15,000 Vietnamese skilled workers and generated annual revenue exceeding USD 100 million with more than 500 employees.
In 2010 the Group restructured to focus on real estate and automobile distribution. Today, the V-TRAC Group has completed facilities in Hanoi and Ho Chi Minh City that support Komatsu (TYO: 6301)and Marubeni (TYO: 8002); the new heavy equipment market leaders in Vietnam. The Group currently has residential and industrial property developments in progress.