Truong Hai Auto Corporation to export nearly 1,200 buses to ASEAN
VOV.VN - Truong Hai Auto Corporation (Thaco) will export nearly 1,200 buses bearing the Vietnamese brand name to ASEAN markets, said Thaco CEO Tran Ba Duong at the launch ceremony of a bus manufacturing plant on December 8.
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Once the new factory is officially put into operation bus exports will grow to meet regional demand. The factory, equipped with a modern production line, was built on an area of 17ha at Chu Lai Open Economic Zone in Quang Nam Province at a cost of VND7,000 billion and boasts a design capacity of 20,000 vehicles per year (8,000 coaches and 12,000 mini-buses). This is the first bus plant in Vietnam to use locally produced parts for 80% of its components.
An R&D centre was set up at the plant to facilitate the design of a wide range of vehicles and raise the rate of locally produced components to 60%.
At present, with sales of 14,000 units, the company holds 54% of bus market shares.
