President commends THACO for economic contributions
President Nguyen Xuan Phuc has lauded Truong Hai Group Corporation (THACO), a multi-industry holding corporation, for its contributions to national economic development.
President Nguyen Xuan Phuc lauds Truong Hai Group Corporation (THACO), a multi-industry holding corporation, for its contributions to national economic development.(Photo: VNA)
HCM City (VNA) – President Nguyen XuanPhuc has lauded Truong Hai Group Corporation (THACO), a multi-industry holdingcorporation, for its contributions to national economic development.
Addressing a ceremony marking the 25th anniversaryof THACO in Ho Chi Minh City on December 11, the President expressed his impressionon what the corporation has brought about in the Chu Lai Open Economic Zone ,the central province of Quang Nam.
He described THACO as a successful model of theprivate economic sector while joining the process of economic restructuring andmodernisation, stressing that its successes demonstrate the favourable domesticenvironment.
The President used the occasion to urge Vietnameseeconomic groups, both State-owned and private, to be the pioneers in high-techresearch and application, and global market penetration, thus promotingnational brands.
THACO was asked to inspire others to embark on greeneconomy and circular economy, protect the environment, promote humane valuesand social progress, and pay more attention to labourers during operations.
The President also suggested the Government continueto roll out mechanisms and policies to promote advanced science-technology, andautonomy at research institutes, and encourage businesses to utilise newtechnologies to improve their productivity and competitiveness.
Phuc noted his belief that the corporation will reapmore successes, generate quality jobs for labourers, and contribute more to thestate budget.
Founded on April 29, 1997 in the southern provinceof Dong Nai, THACO has turned from a company which traded and repairedsecond-hand vehicles, THACO into a multi-industry holding corporation which hastwo sub-holdings - THACO AUTO(automobiles) and THAGRICO (Agro-forestry production), and four subsidiaries –THACO INDUSTRIES (Mechanics & Supporting Industries), THADICO (Investment –Construction), THILOGI (Logistics) and THISO (Commerce – Service) in a highlyintegrated and complementary model./.
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President Nguyen Xuan Phuc lauds Truong Hai Group Corporation (THACO), a multi-industry holding corporation, for its contributions to national economic development.(Photo: VNA) 
