Founded the first 100% American owned Rep Office to support the establishment of American investors in Vietnam

Founded first 100% foreign owned Sales and Service Business in Vietnam

V-TRAC delivered the first western made construction and mining equipment in northern Vietnam

Caterpillar Inc. became a 25% shareholder

Salzman issued the first cheque in Vietnam’s history

V-TRAC established the first 100% foreign owned Financial-Leasing company in Vietnam through a joint venture with Australia’s ANZ Bank

V-TRAC’s project received the U.S. Government’s Overseas Private Investment Corporation’s (OPIC’s) firstfinancing

V-TRAC supported the Vietnamese national mining company (VINACOMIN) to quadruple its coal production and win the nation’s highest “Hero” award(a national level award, granted to an individual or company that improved productivity through innovation)

V-TRAC Group invested in the first Honda automobile dealership in Vietnam

V-TRAC exceeded USD 100 million in annual revenue

V-TRAC sold its labor intensive industrial machinery and leasing businesses

V-TRAC tied up with Komatsu (TYO: 6301) and Marubeni (TYO: 8002)

V-TRAC broke ground on its West Lake high rise apartment project in Hanoi

V-TRAC started its 60,000 sqm industrial property development in Ho Chi Minh City