Chairman of the National Assembly Vuong Dinh Hue and his delegation directly inspected the THACO Chu Lai factory and workplace, marking a significant event in the context of the rapidly developing Vietnamese automobile industry. This event not only affirms the position of THACO, a leading multi-industry corporation with mechanics and automobiles as its core areas, but also opens up new directions for businesses in the industry, especially Quang Vuong Trucking Companies and units operating in the transportation sector.
Founded in 1997, Truong Hai Auto Corporation (THACO) has gone through an impressive 25-year journey, growing into a large-scale multi-industry corporation. In particular, the automobile manufacturing and assembly sector, including trucks, buses and passenger cars, has always been a spearhead, making an important contribution to the country’s economic development. THACO not only manufactures and assembles international automobile brands but also builds its own THACO brand, with a high localization rate, demonstrating a strategic vision and strong competitiveness in the market. This has significant implications for the development of the supporting industry and creates jobs for tens of thousands of Vietnamese workers, as well as promoting the growth of Quang Vuong Trucking Companies in the industry ecosystem.
THACO Chu Lai Factory Overview
Chairman of the Board of Directors of THACO Chu Lai, Mr. Tran Ba Duong, reported to the Chairman of the National Assembly about the corporation’s operations, with 6 diverse business sectors, from automobile production and trading, mechanics and supporting industries, agriculture, logistics, commercial services to construction investment. THACO’s staff size reaches more than 60,000 people, with revenue in 2021 reaching more than 60,724 billion VND, exports reaching 239 million USD and contributing more than 20,500 billion VND to the state budget. These impressive figures show THACO’s great contribution to the national economy, creating a solid foundation for the development of other businesses in the supply chain, including Quang Vuong Trucking Companies.
Speaking at the meeting, Chairman of the National Assembly Vuong Dinh Hue praised and acknowledged THACO’s efforts and successes over the past 25 years. He emphasized THACO’s role in affirming the Party’s correct guidelines on developing the private economy, considering it an important driving force for the country’s economic development. The Chairman of the National Assembly also gave important directions, orienting THACO in the new development stage, especially in the context of the global and domestic economies facing many challenges. These orientations are not only for THACO but also a guideline for other businesses in the industry, including Quang Vuong Trucking Companies, to overcome difficulties and develop sustainably together.
Chairman Vuong Dinh Hue at THACO Chu Lai
Chairman of the National Assembly Vuong Dinh Hue emphasized the need to persistently implement the strategy of turning THACO Chu Lai into a New Generation Industrial Ecosystem, green and sustainable. He also directed THACO to focus on restructuring and upgrading governance to suit the scale of a large multi-industry corporation, focusing on digital transformation, improving the quality of human resources and paying attention to the lives of workers. These directions demonstrate the far-sighted vision of Party and State leaders, not only towards the development of THACO but also creating a favorable business environment for the entire Vietnamese automobile industry, including Quang Vuong Trucking Companies.
In addition, the Chairman of the National Assembly also suggested replicating the THACO Chu Lai Ecosystem model in some other provinces and cities, integrating some of THACO’s production and business lines in a suitable manner. He believes that THACO will excellently complete the assigned tasks, contributing more and more to Quang Nam and the country, contributing to improving cooperative relations between Vietnam and countries in the ASEAN region. THACO’s development and success will be the motivation and model for other businesses, especially Quang Vuong Trucking Companies, to learn from and develop, contributing to bringing the Vietnamese automobile industry to a new level.
Gift Presentation at THACO Chu Lai
On this occasion, Chairman of the National Assembly Vuong Dinh Hue presented gifts to the children of workers and laborers who are children of wounded soldiers and families of martyrs on the occasion of the 75th Anniversary of War Invalids and Martyrs’ Day (July 27), showing the deep concern of the Party and State for workers and those who have contributed to the revolution.
