Tags: thaco

Taking pride in private enterprises

Taking pride in private enterprises

As the Vietnamese economy strives to become more prosperous over the next few years, the country is fostering the development of major private enterprises considered to be a focus of national pride and a new source of prosperity.

Ministry to support domestic automobile industry projects

Ministry to support domestic automobile industry projects

The Ministry of Industry and Trade (MoIT) will implement solutions to support and promote the automobile industry projects of companies such as Truong Hai Automobile Company (Thaco), Thanh Cong Group, VinFast and others.

Local car maker to export to ASEAN, US

Local car maker to export to ASEAN, US

The Truong Hai Automobile Company (Thaco) plans to export locally manufactured buses, cars and semi-trailers as well as spare parts and accessories to the US, Canada, Thailand, Singapore and the Philippines worth 60 million USD in 2019.

Enhancing the auto industry prospects

Enhancing the auto industry prospects

The automobile industry is one of the world’s most important economic sectors by revenue. In Vietnam in particular, the industry dated from 1955 after the liberation of North Vietnam. Between 1955 and 1975, the nation mainly manufactured auto parts, meeting the demand on maintenance and repairs.

Vietnam’s auto industry in need of a kick start

Vietnam’s auto industry in need of a kick start

In order to help boost the Vietnamese automobile industry – one of the most important contributors to national economic growth – the country could do with focusing on its policy stability, market expansion, support industry development, and connectivity reinforcement, according to insiders.

Local car maker to introduce latest BMW models

Local car maker to introduce latest BMW models

Local car maker Truong Hai Auto Company (THACO) will introduce the BMW X2 model in Vietnam, just one year after the vehicle first debuted at the Los Angeles Auto Show in the US in 2017.

Domestic firms still sidelined

Domestic firms still sidelined

While billions of dollars is spent annually importing auto parts for assembly at home, Vietnam exports a roughly equivalent value of spare parts for automobiles, motorbikes and motor vehicles every year.

HAGL Group, THACO ink strategic deal

HAGL Group, THACO ink strategic deal

The Hoang Anh Gia Lai (HAGL) Group and Truong Hai Auto Corporation (THACO) inked a strategic cooperation agreement in Ho Chi Minh City on August 8 in the presence of Prime Minister Nguyen Xuan Phuc.

Vietnam’s automobile sales drop 6% in first half

Vietnam’s automobile sales drop 6% in first half

Automobile sales in the two first quarters of 2018 went down 6% compared to the same period last year to reach 125,659 units, the Vietnam Automobile Manufacturers’ Association (VAVA) reported on July 10.

New policies boost domestic automobile production

New policies boost domestic automobile production

The use of effective policies in the automobile sector since the beginning of the year has boosted the production and assembling of automobile and better controlled imported vehicles in the first six months of 2018.

Being smart in the “smart” era

Being smart in the "smart" era

A robot called DX2 was introduced to more than 30 Vietnamese enterprises a few months ago at the “Future of Manufacturing - Infusing Digital Technologies into Factories” gathering in Ho Chi Minh City, where it showcased its distinctive functions, especially talking and interacting with people.

Growing middle class drives car demand in Vietnam

Growing middle class drives car demand in Vietnam

Vietnam now has a golden population structure and a fast growing middle class – potential buyers of private cars, which is forecast to boost domestic car sales by about 22% annually from now to 2025.