HANOI: Thaco chairman Tran Ba Duong says the group will invest heavily in transport infrastructure projects, as well as industrial parks and urban areas in Chu Lai, with a total investment value of 6.5 trillion dong (US$275.4mil or RM1.22bil) this year.
This year is the first year that Thaco enters a new stage of development as a multi-industry industrial group with six members operating in key production and business fields of the country’s economy.
These sectors include automotive; mechanical engineering and supporting industry; agriculture; logistics; investment, construction and trade and services.
The total investment value of the group is 17.3 trillion dong (RM3.22bil) nationwide.
With this plan, it is expected that Thaco will pay a total of 35 trillion dong (RM6.51bil) to the state budget this year, up 16% compared to the previous year.
In the auto business segment, Thaco Auto strives to complete the target of achieving sales of over 120,000 vehicles, which include 96,000 tourism vehicles, 23,500 trucks and 15,000 buses and minibuses.
Thaco Auto strives to achieve a consolidated pre-tax revenue of over 90 trillion dong (RM16.7bil).
Thaco Auto will focus on technology research and product development according to customers’ specific requirements this year and continue developing electric vehicles along with international brands.
It will also focus its research on the freight and passenger transport model to meet the trend of green and clean smart transportation in urban areas, contributing to the development of a sustainable economy for the country.
At the same time, it will continue to invest in upgrading production technology for assembly plants in the direction of automation, invest in a new paint shop at the Kia factory, and build a new automotive research and development centre.
Along with that is the development of more branches under the company in districts and towns with 15 new sales points, bringing the total to 407 points of sale.
The total investment value of Thaco Auto is one trillion dong (RM186mil) this year.
The auto market is forecast to be fiercely competitive this year, so Thaco Auto must continue to implement management plans at Thaco Auto Chu Lai and its factories to control and reduce costs.
In particular, it will focus on management in the north and south and at the provincial companies to improve sales and service capacity and take responsibility for operational efficiency and dedicated services by its employees. — Viet Nam News/ANN
