Manufacturers like Thaco, Hyundai Thanh Cong, and VinFast are making significant strides in global markets. Their success stories are reshaping the industry’s position while opening up new opportunities for development amidst fierce global competition.
Experts have noted that automobile exports not only benefit businesses but also significantly contribute to the Vietnamese economy, while promoting the development of the supporting industry.
Prime Minister Pham Minh Chinh on February 8 requested enterprises in the central province of Quang Nam to make efforts to help the whole country achieve an 8% GDP growth rate in 2025.
In 2025, THACO will continue to expand the scale of investment in all six key production and business sectors including automotive, agriculture, mechanical engineering and supporting industries, investment - construction, trade – services, and logistics.
National Assembly Chairman Vuong Dinh Hue affirmed that developing the private sector is a correct policy during his visit to Truong Hai Group (THACO) as part of a working trip to the central province of Quang Nam on July 27.
Auto part producer Autocom, a subsidiary of Vietnamese automaker THACO, sets to export 107,000 seat covers for Kia Bongo car model in 2022, up 18.5% from the previous year.
The THACO Automotive Interior Components Manufacturing Company recently shipped over 59,000m of hydroponic plastic pipes to Israel, completing the order of 122,600m of the product from Liba B.G Yeda Co., Ltd.
The shortage of raw materials due to the COVID-19 pandemic has disrupted supply chains, raised logistics costs and lengthened transportation time, making many businesses to face difficulties in production.
Exports of electronic products and components may reach 50 billion USD in value in 2021, a year-on-year rise of 13.5 percent, according to the Import-Export Department under the Ministry of Industry and Trade (MoIT).
Truong Hai Auto Corporation (THACO) has decided to present 30 ambulances and 25 mobile vaccination trucks to support Ho Chi Minh City’s COVID-19 prevention and control, its Chairman Tran Ba Duong said on August 25.
As one of the leading and largest automakers in Vietnam, THACO has an A-to-Z value chain ranging from product R&D, auto parts manufacturing to auto assembly, logistics, distribution and retail. The company is now offering a wide range of products which have earned high sales and market shares in the domestic market over the years.
The Ministry of Health has decided to allocate 63 specialised trucks for COVID-19 vaccine transport, produced by Truong Hai Auto Corporation (THACO), to seven military regions across the country under the management of the Ministry of National Defence.
Vietnamese conglomerate THACO shipped another 50 semi-trailers to the US earlier this month, its second batch to the market after a first comprising 69 units in 2020.