Thaco enters a new period of development

QNN |

Maintaining the No.1 market position (accounting for over 30% of car market share in Vietnam) and developing multi-disciplinary industry in the new period are the remarkable information announced by Thaco (Truong Hai Auto Company) in the opening ceremony of the year 2020 in Quang Nam province.

Thaco’s products
Thaco’s products

Thaco Chu Lai Industrial Park is named on the map of the famous auto production and assembly brands in the world now.

Thaco's export of buses, passenger cars, trucks,  auto spare parts and mechanical components to ASEAN and other countries around the world has affirmed the strength and development abilities of Vietnamese automotive industry.

In 2020, Thaco will produce and assemble 91,500 cars of all kinds (including passenger cars, trucks, buses and semi-trailers), an increase of 15% compared to 2019.

In addition, 1,272 cars worth at more than 42.75 million USD will be exported. The company will upgrade and develop 45 new products to meet the demands of the domestic market and export.

It also provides agricultural mechanization for Laos and Cambodia with new mechanical products such as in agro-forestry, construction engineering, industrial equipment (automatic devices)…

Thaco factory in Chu Lai, Quang Nam province
Thaco factory in Chu Lai, Quang Nam province

Thaco’s Chairman Tran Ba Duong said the company is entering a new development stage, contributing to the local income, Quang Nam’s and Vietnam’s economic growth. Thaco's development strategy will also be a part of Quang Nam’s development strategy.