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Dear:
- Distinguished guests and shareholders.
- Media friends.
I am glad to see that THACO's 2019 General Meeting was a success. We have altogether passed THACO's 2018 financial results, development plan for 2019-2021, and finalized the Board of Directors and the Board of Supervisors from 2019-2021. 
On behalf of the Board of Director, I would like to express my welcome and gratitude towards the financial partners, strategic partners, business counterparts, shareholders, and media friends here today.
Ladies and gentlemen,
As an automaker from the start, THACO has oritented towards ASEAN integration as soon as the tariff returned to zero in 2018. The decision took place long ago, possibly in 2003 with our investment into Chu Lai - Quang Nam Open Economic Zone. 
Over the past 15 years, THACO has divided this big strategy into different 3-year phases.
Especially, in late 2016-2018, we made big efforts to secure our competitive edges so that we could strategically become a multi-industry group after 2018 which takes Mechanics and Automotive as the core business, develops other businesses which support each other to create synergy values and build up the overall competitiveness, including agri, investment - construction of transport infrastructure, industrial parks, urban areas, logistics, and Commerce-Service. These businesses were mentioned in last year's General Meeting.
Today, I would like to present more closely what we have achieved and how we are going to continue our multi-industry group development plan:
THACO will turn into THACO Group Holdings including 5 member corporations:
1 core business in Mechanics and Automotive; 2 main businesses in Agri-Forestry and Investment-Construction in Traffic infrastructure, IPs, and urban areas, 2 support businesses in Commerce and Logistics.
In Automotive and Mechanics:
The company is making and trading cars, buses, trucks, and specialized vehicles from mid-range to premium brands: Kia, Mazda, Peugeot, BMW, MINI cars, Mitsubishi Fuso, Foton trucks, Thaco buses in an a-to-z value chain (including product R&D, production, distribution, retail) to meet domestic demand and exports.
Thaco also offers premium BMW Motorrad bikes, mid-range bikes, and green city bikes.
We participate in the global value chain with international vehicle brands: Kia (Korea), Mazda, Mitsubishi Fuso (Japan), Peugeot (France), BMW/MINI (Germany) by developing the support industries with over-40-percent localization ratios, thereby exporting vehicles and vehicle parts.
Mechanics includes: Agricultural Mechanical Engineering, Construction Mechanical Engineering, Industrial machinery engineering to support THACO's main businesses.
In Agri - Forestry:
After the agreement signed between THACO and HAGL Agrico on August 8, 2018, THACO established THADI - its agricultural subsidiary with VND2.1 trillion.
THACO owns a 70-percent stake of THADI, putting investments into fruit trees, cereal, forestry, agricultural supplies, and livestock.
On March 24, 2019, THADI signed an agreement with HAGL Agrico to develop fruit trees in Vietnam, Laos, and Cambodia, underwrites its fruits for export and processing. Meanwhile, the company was also the provider of agricultural supplies, import/export and transport services for Agrico.
THADI will build mechanized and hi-tech orchards in Cambodia to meet the demands of exported fruits for luxury markets.
We will use recycled energies, technology information, and industrial management into agri, combine animal breeding and organic fertilizer production in an enclosed value chain.
An R&D center will be built to study breeds, agricultural supplies, technologies of biology, organic farming, and technical processes in farming, caring, harvesting, storing, and processing. In the mean time, industrialized trial farms for high-value fruit trees and forestry trees are developed. 
Fruit processing factories will be located at Chu Lai Agri-Forestry IP to produce dried fruits, frozen fruits, and to supply agri inputs - fruit flour, condensed fruit juice to satelite food and beverage factories.
Our tropical fruits will be exported to premium China, Korea, Japan, Middle East, and Europe markets. 
Also, we will cooperate with others to build cereal factories, wood processing factories, wood tablet factories, wood furniture factories, agri supply factories, and packaging factories at THACO's agri-forestry IPs.
In investment-construction:
THACO develops the transport infrastructure in public-private partnerships and socialization projects, green industrial parks with synchronous infrastructure, and industrial parks of different types to meet the demands of investors. 
In 2019, THACO will invest in the expanded Mechanics & Automotive IP, Agri-Forestry IP in Quang Nam Province, and Agri IP in Thai Binh Province.
THACO has successfully built the brand of Sala City, product brands, and the benchmark model in Real-estate development, paving the way for other projects. 
THACO acquired an 65-percent stake from HAGL Land in 2018, planning to increase this stake to continue the Commerce-Apartment-Office Complex in Yangon, Myanmar. 
In terms of urban area development, in 2019-2021, THACO keeps on renovating urban areas, creating landmark highlights at big cities. At the same time, complexes (commercial centers combined with auto showrooms, offices, hotels, and apartments) are aslo on the way.
In commerce:
In commerce, THACO develops "One stop with multiple service" model, including the auto showroom on ground floor, supermarkets and food courts (basements), retail stores (floors 1 and 2), restaurants, recreational centers, cinemas (floors 3 and 4), convention centers and gardens (floor 5).
In 2019, we will develop commercial activities at Socar Sala, specifically supermarkets, food courts, convention centers, recreation centers, cinemas. The commercial center is planned to start its operation by the final quarter of 2019. 
These pioneering activites will make the foundations for the strategies, management methods, technology for THACO's commercial center-auto showroom model (in 2019-2021, commercial activites are to developed at Commercial Centers in Da Nang, Rach Gia, and Long An). 
In Logistics:
Logistics aims to support THACO's main businesses, divided into: Logistics for automotive, Logistics for Agri-Forestry, Logistics for Commerce and for outside customers.
Accordingly, Chu Lai Port will be turned into the logistics center of central Vietnam, providing the following services: Port, shipping service, road transport, agricultural product transport, warehouses, and cold storages.
On the other hand, we will increase two-way shipping on the international routes from Korea, Japan, China to Chu Lai.
We also put money into building the port to receive 50,000-DWT vessels, upgrading its infrastructure, yards, transport performance, loading equipment, and technology content to manage and open further logistical services.
Ladies and gentlemen,
In order to become a holding group, THACO is implementing its organization restructuring and personnel development both in terms of quality and transparency. 
As of now, we have invited and fixed 11 members into THACO Group's Board of Directors who will be in charge of the key positions as follows:  
I, Tran Ba Duong, founder and chairman of THACO over the past 22 years, will act as Chairman of THACO and its subsidiaries until the positions are occupied.
Mr Nguyen Hung Minh will take the position Permanent Vice Chairman who manages the operations of Board of Directors, office divisions, and operations management divisions.
Mrs Vien Dieu Hoa representing Mr Tran Ba Duong's family, is one of our main shareholders. 
Mr Cheah Kim Teck (representative of JC&C) is our 12-year shareholder, in charge of foreign relationships and foreign trade. 
Mr Do Xuan Dien - Former Director of Chu Lai OEZ is newly elected into the Board. He will be Chairman of THADI, THACO's Agri - Forestry subsidiary, and also engage in HAGL Agrico's management.
Mr Stephen Patrick Gore (JC&C) is also a new member of the board who will be responsible for finance and financial investments. With his experience as M&A Managing Director of America Merrill Lynch, he is expected to help THACO with its M&A deals. 
Also newly voted, Mr Lee Yong Bum will be in charge of finance-accounting management. Having spent 30 years at Shinhan Bank, he will make contributions in THACO's finance and accounting activities, managing its domestic and foreign loans at reasonable costs.
Being Head of Independent Outside Director Supervisor Board, Mr Nguyen Phuc Thinh was elected to manage the internal controls training programs. 
Mr Pham Van Tai - THACO CEO will be accountable for business activities in mechanics and automotive.
Ms Nguyen Thien My, THACO Deputy CEO will manage automotive distribution and retail.
Mr Nguyen Quang Bao, Deputy CEO in Mechanics and Automotive, is in charge of operations of THACO and its subsidaries in Chu Lai in Quang Nam Province.
In addition, we have also set a supervisory board, including:
Mr Le Trong Sanh - Head of the board will monitor THACO operations. He was a member of THACO Supervisor Board in 2011-2013 and member of BOD in the last 2 years.
Mr Dang Cong Truc is a regular member of the board. This year, we are glad to have Ms Nguyen Thi Thu Trang as a new supervisor member with considerable experience in constructing and operating internal control system. 
In near future, THACO will add more members to take charge of the supervisor board heads for the subsidiaries.
We keep on inviting the right executives into senior management as to advisory board, management board, and operation management departments in THACO Group and its members.
In addition, we will pay attention to standardize and upgrade the regulations and processes, better our management model, especially network management to ensure good performance, compliance and creativity of the departments and employees.  
Ladies and gentlemen.
Embracing the philosophy “Delivering values to customers, society, and making substantial contributions to the national economy” based on 5 pillars: value philosophy, different strategies, distinctive management, suitable employees, civil and convenient working environment, over 22 years of establishment and development, and 15 years’ investment in Chu Lai, THACO has acquired its experience in automaking management, then will apply it to its new businesses in a strategically way.
With the new structure, THACO BOD term 2019-2021 is committed to fulfilling the targets, aiming towards sustainability and contribution to the country. We also make efforts to win challenges and use the chances from economic integration and Industrial Revolution 4.0 to earn long-term gains.
Once again, I would like to wish you all great health, success, and happiness.
Thank you very much!