THACO Chairman: "Skills are valuable assets, but true success thrives on training, a can-do attitude, and dedication"

“While expertise and skills are valuable assets, true success thrives on training, a can-do attitude, and dedication, and a drive to excel. This combination allows us to unlock our full potential, make significant contributions, and emerge as future leaders," THACO Chairman Tran Ba ​​Duong stated at the Conference.

On July 20, THACO Headquarters held a Business and Management Plan Conference for the remainder of 2024. The conference focused on setting goals, aligning management perspectives, and implementing corporate functions across THACO and its sub-holdings for the second half of the year.

Attending the conference, THACO's leadership team, including Chairman Tran Ba Duong, Vice Chairman Nguyen Hung Minh, President Pham Van Tai, and Vice President Luu Van Dat were joined by over 130 attendees comprising leaders, high-potential individuals, and staff from THACO's various corporate functions and leaders from all six sub-holdings.

The conference covered key areas for the remainder of 2024, including THACO's overall strategy, operational plan, and management approach, financial planning, accounting, investment, and administrative functions for the company, operational and management plans for the second half of the year within THACO's various functional departments.

THACO is in the second year of its five-year plan (2023-2027) focused on a multi-industry strategy. The goal is to establish itself as a leading multi-industry corporation by 2027, with a comprehensive management model, and successful digital transformation. THACO acts as the controlling shareholder, overseeing investments and operations management at its 6 Sub-holdings.

Speaking at the Conference, THACO Chairman Tran Ba ​​Duong said: "THACO operates with a three-tier governance structure: THACO Headquarters, Sub-holdings, and then Corporations or Management Divisions, followed by Subsidiaries. Functional groups are categorized as Basic, Specialized, and Business-related. Standardized regulations and processes guide operations. Functional departments have the flexibility to adapt their management approach based on their development stage and specific needs. Continuous innovation, effective management control, and risk mitigation are crucial, ensuring departments operate without capacity limitations."

“Production and business development goes beyond economic benefits, contributions to the society and the country, but fosters human development. Personnel at THACO, especially the functional departments, are encouraged to expand your skillsets, rotate through different positions to establish a well-rounded perspective, and create true values. Through such approach, staffs are empowered to manage, consult and support the Sub-holdings. In addition, employees of the THACO Headquarters need to practice a positive and proactive work ethic, embrace a culture of lifelong learning, adaptability to change, and develop strong leadership skills to become future leaders." THACO Chairman added.

To ensure continued success, THACO needs to organize meetings to unify ideas, ensure consistent production and business activities, invest in reinforcing the human resources system and build clear working procedures, promote efficient collaboration between departments and real-world needs, regularly improve operational efficiency to achieve set goals aligned with the 5-year plan (2023 - 2027).