THACO to Make Major Investments in Infrastructure, Industrial Zones, and Urban Areas in Chu Lai
THACO to Make Major Investments in Infrastructure, Industrial Zones, and Urban Areas in Chu Lai
In addition to the plans for manufacturing and business operations, THACO will aggressively invest in infrastructure, industrial zones, and urban areas in Chu Lai in 2023.
In the New Year message for 2023, Trần Bá Dương, Chairman of the Board of Directors of Trường Hải Corporation (THACO Group), stated that THACO would make significant investments in infrastructure, industrial zones, and urban areas in Chu Lai in 2023, with a total investment value of 6,500 billion VND.
According to Trần Bá Dương, the Chairman of the Board of Directors of THACO Group, the global economy in 2023 faces significant challenges, including the rising inflation, tightened monetary policies, and reduced consumer spending. The Vietnamese economy is predicted to be challenging, with low growth and decreased purchasing power due to reduced exports in the first half of the year, a sluggish real estate market, and low transactions.
2023 marks the first year for THACO as it enters a new development phase as a diversified industrial conglomerate with six member companies operating in critical sectors of the country's economy.
These sectors include: Automobiles; Mechanical and support industries; Agriculture; Logistics; Investment and construction; and Trade & services with high complementarity and integration. Therefore, THACO remains proactive in adapting to changes, continuing to strengthen internal capabilities, focusing on upgrading management, and persistently striving to achieve the strategic goals and plans for 2023.
New Phase of Investment Development
Notably, in 2023, THACO Chu Lai commemorates 20 years of THACO's investment in Chu Lai, Quang Nam province (2003-2023). THACO Chu Lai enters a new phase of investment development, forming a new-generation industrial ecosystem of THACO in Chu Lai based on industrial management, green development, intelligence, and sustainability. It includes centers such as Automobile assembly and production, Mechanical engineering and supporting industries, Transportation and delivery, Agricultural processing, Trade & services, and an urban area with fully integrated and complementary social infrastructure.
In addition to the plans for manufacturing and business operations, in 2023, THACO will aggressively invest in infrastructure, industrial zones, and urban areas in Chu Lai.
In the Industrial-Agricultural Zone (including the Testing Center, Fruit and livestock product processing area, Raw material processing of wood and wood products, targeting the export market), THACO focuses on completing the entire project's land clearance, infrastructure construction, and several agricultural processing plants.
Striving for Sales of Over 120,000 Cars
In the automobile business segment, THACO AUTO is a major subsidiary of THACO Group, implementing a comprehensive strategy for manufacturing, distributing, and retailing various types of vehicles (trucks, buses, and tourist cars) and all car product segments (medium, high-end) under international and THACO brands.
According to Trần Bá Dương, Chairman of the Board of Directors of THACO Group, with the forecast that the automobile market in 2023 will decrease compared to 2022, THACO AUTO strives to achieve sales targets of over 120,000 vehicles (including 96,000 tourist cars, 23,500 trucks, 15,000 buses and minibusses), with the highest market share in each category and the overall highest market share in the Vietnamese automobile market.
Along with that, THACO AUTO strives to achieve a consolidated pre-tax revenue of over 90,000 billion VND, with service revenue reaching 5,200 billion VND.
In 2023, THACO AUTO will focus deeply on researching technology and developing products according to customers' specific requirements. It will continue to research and develop electric vehicles under international and THACO brands, along with freight and passenger transport models that meet the trends of smart and clean transportation in urban areas, contributing to the development of a green and sustainable economy for the country.
