Tags: thaco

Private companies’ influence on economy growing

Private companies’ influence on economy growing

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.

Automobile sales rebound in May

Automobile sales rebound in May

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.

Hanoi justifies reports of expensive-as-gold rapid buses

Hanoi justifies reports of expensive-as-gold rapid buses

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.

Giving agriculture a high-tech boost

Giving agriculture a high-tech boost

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.

Vietnam’s auto sales reach 20-year record

Vietnam’s auto sales reach 20-year record

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.

Thaco exports bus parts to Russia

Thaco exports bus parts to Russia

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.

Auto industry has low ratio of local content

Auto industry has low ratio of local content

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.

September’s automobile sales surge 13%

September’s automobile sales surge 13%

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).

Thaco makes big investment in bus project

Thaco makes big investment in bus project

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.

Vietnam's auto firm Thaco plans US$1.3 billion expansion

Vietnam's auto firm Thaco plans US$1.3 billion expansion

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.

Vietnam’s first trailer manufacturing factory inaugurated

Vietnam’s first trailer manufacturing factory inaugurated

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.

TPP to remove car tariffs in 13 years

TPP to remove car tariffs in 13 years

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.