Thaco continues to increase investment in agriculture as part of its strategy to diversify beyond automobile assembly.
A subsidiary of Truong Hai Auto Corporation has earned a revenue of $500,000 from first shipment of bananas to China.
After a long time lagging behind Thaco, Toyota has been accelerating its sales on the market for several months and officially surpassed the domestic assembler to reach a 30 per cent of market share in October 2018.
Truong Hai Automobile JSC (Thaco) owned by billionaire Tran Ba Duong has taken a further step in the field of agriculture after entering the strategic cooperation with Hoang Anh Gia Lai (HAGL) Group owned by Doan Nguyen Duc.
Truong Hai Automobile, a local automobile manufacturer, continued to lead the Vietnam automobile market in April 2018 with its sales being over twice the figure for Toyota Vietnam.
According to the latest price list announced, prices of BMW Motorrad models distributed by Truong Hai Auto Corporation, commonly known as Thaco decrease from VND129 million or equivalent to $5,675 to VND199 million or $8,755.
The Thaco Mazda plant in Quang Nam province has just completed its first phase with a capacity of 50,000 units per year and had $308 million disbursed from Truong Hai.
Besides Pham Nhat Vuong and Nguyen Thi Phuong Thao, there are two Vietnamese businessmen's names placed in the World’s Billionaires list 2018 just announced by the reputable Forbes.
Truong Hai Auto Corporation (THACO) has revealed that it will open 15 BMW and MINI showrooms within two years to offer the best maintenance and after-sales services to customers over the country.
Truong Hai Auto Corporation (Thaco) has announced a slight reduction of some Mazda models’ prices while Honda CR-V’s price is also showing signs of increasing before Tet holiday.
A series of cars in the Vietnam market such as Chevrolet Vietnam, Truong Hai (THACO) and Toyota are offering discounts.
Mitsubishi Fuso Truck and Bus Corporation (MFTBC), part of Daimler Trucks Asia, announced Truong Hai Auto Corporation (THACO) as its general distributor in Vietnam, replacing Mercedes-Benz Vietnam (MBV) as the wholesale distributor and local assembly partner for FUSO products.
According to Chairman of Truong Hai Auto Corporation (THACO) Tran Ba Duong, being conscientious, living with our career, having the right and real actions and being determined is a way to start our business successfully.
While automobile assembly enterprises in Vietnam have stopped manufacturing and imported automobiles instead, Vingroup, the leading real estate developer in Vietnam, and Truong Hai Auto Corporation (THACO), one of the leading car manufacturers in Vietnam, show the opposite trend.
