As Thaco’s car sales decreased, the Quang Nam province’s budget revenue suddenly dropped by VND3 trillion. This news has been cited by economists to show the role of large private conglomerates in the economy.
Some 24,365 cars were sold in June, up 5% from last month, the Vietnam Automobile Manufacturers’ Association (VAMA) said in a recent report.
As many as 23,232 cars were sold in May, up 6 percent from the previous month, according to the Vietnam Automobile Manufacturers’ Association on June 7.
Car prices in Vietnam are nearly two times higher than in other countries in the region such as Thailand and Indonesia, and much higher than in countries with developed automobile industries such as the US and Japan.
Truong Hai Auto Corporation (Thaco) posted a record revenue of VND65.8 trillion (US$3 billion) in 2016, a growth of 44% against the previous year.
Truong Hai Auto Corporation (Thaco) will pour nearly US$3 billion into the Chu Lai Open Economic Zone in the central province of Quang Nam in the 2017-2021 period, lifting its total investment in the zone to US$6 billion.
Hanoi’s bus rapid transit (BRT) developer has addressed reports that the system’s buses cost more than they should, arguing that the allegations were made without a clear understanding of the project’s procurement contract.
VOV.VN - Prime Minister Nguyen Xuan Phuc has asked the UK’s Jardine Matheson Group to expand operations in Vietnam, helping to promote the growing strategic partnership between the two countries.
With new approaches and diversified investments, private investors have been infusing a new spirit of innovation into Vietnam’s agriculture, adding value and sustainable growth.
The Truong Hai Automobiles Joint Stock Company (THACO) will partner with the LS Mtron Corporation from the Republic of Korea to manufacture and distribute agricultural machines on the Vietnamese market.
The total number of automobiles sold in 2016 reached 304,427 units, the highest level recorded by Vietnam’s auto market in the past 20 years, the Vietnam Automobiles Manufacturers Association (VAMA) announced on January 11.
Truong Hai Auto Corporation (Thaco) has exported three sets of bus parts to Russia to gauge the market there and if things go well, the local firm will ship 300 sets by the year-end, said Tran Ba Duong, chairman of Thaco.
The ratio of local content in automobiles assembled in the country is far lower than the Government’s targets despite a lot of policy incentives for the industry, according to a Ministry of Industry and Trade report.
Vietnam’s automobile sales in September shot up 13 percent to 26,551 units against the previous month, according to the Vietnam Automobile Manufacturers Association (VAMA).
Truong Hai Auto Corporation (Thaco) plans to inject more than VND2.1 trillion (US$94.5 million) into a project to produce buses with European emission standards for both domestic use and export to other markets in ASEAN.
Vina Mazda Automobile Manufacturing Co.Ltd, a subsidiary of Truong Hai Auto Corporation (THACO) has issued a recall notice for 10,100 Mazda 3 cars for a “Check-Engine” warning light problem.
Thaco, which controls nearly 45% of Vietnam's auto market share, plans to spend VND30.11 trillion (US$1.33 billion) expanding its manufacturing and retail activities over the next three years, local media reported on April 23.
Truong Hai Auto JSC (THACO) on February 15 put into operation a factory manufacturing trailers and other heavy special vehicles at the Chu Lai-Truong Hai Complex in Nui Thanh district in the central province of Quang Nam.
Countries of the Trans-Pacific Partnership (TPP), including Vietnam, will remove tariff on new cars in the 13th year after the agreement comes into effect, a finance ministry official said.