THACO inaugurates new bus plant, exports its own buses
Among the event participants were Deputy Prime Minister Trinh Dinh Dung, leaders of central ministries and departments, leaders of Quang Nam authorities, local and international partners, customers, and reporters across Vietnam. On behalf of THACO, Chairman Tran Ba Duong, General Director Nguyen Hung Minh and THACO Executive Committee attended the ceremony.
Bus THACO Plant's construction was started in September 2016 with a total investment of VND7 trillion, and a designed capacity 20,000 buses per year. Positioned to be the largest bus factory in South East Asia, Bus THACO Plant is built with a brand new identity and invested with new and modern production lines. At the ceremony, central and Quang Nam authorities, and THACO leaders performed the ribbon-cutting protocol to inaugurate the factory.
During the program, THACO also held the introduction of the new THACO buses which have been designed, assembled and manufactured at Bus THACO Plant, including Vietnamese-branded high-end bus lineup with the localization rate at 60%, Euro-4 engines, configuration and functions in line with Vietnamese traffic conditions and Government's transport regulations in order to meet the demands of customers and exports to ASEAN countries. The lineup ranges from mini buses to small buses, mid-range buses, and large buses which use engines from Japan, Europe, etc. The factory has been certified by the Ministry of Industry and Trade to meet the conditions of automobile assembly and manufacture according to Government Decree No. 116/2017/ND-CP.
During the plant launch, THACO signed deals with its Thai, Taiwanese, Philippine and Cambodian partners to export 1,150 buses to the markets, including tourist buses, employee shuttles, and city buses. Of these, 750 buses are for Thailand, 100 for Taiwan, 200 for Philippines, and another 100 for Cambodia.
Addressing the ceremony, Deputy Prime Minister Trinh Dinh Dung acknowledged and praised THACO’s past achievements and congratulated THACO on the inauguration of the new Bus Thaco Plant and the launch of the all-new buses designed and developed by THACO. "THACO's mastery of technology, bus production lines, and other automotive products have contributed significantly to the implementation of the Government's automotive industry development strategy, contributing to the socio-economic development of Quang Nam and the Central Region", said the Deputy Prime Minister.
Speaking at the ceremony, Chairman Tran Ba Duong said that the plant inauguration was a testament to the success of the Vietnamese automobile industry. “Although the domestic market is still small and the Vietnamese auto industry is still at a young age, the Government's proper policy and enterprises' efforts can still help us stay competitive in the regional market and in the context of integration. On the other hand, high localization rate and good export turnover will be able to fight trade deficit and improve the trade balance in Vietnam's automobile industry,” he said.
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