Following the direction of THACO Chairman, from July 31 to August 7, THACO INDUSTRIES held the business plan conferences for the last 6 months of 2023 at its subsidiaries and companies.

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At the conferences, representatives of the leadership teams from the subsidiaries and member companies presented their operational strategies and plans during the last 6 months of 2023. Accordingly, KPI were set for each production factory, department, and division, including 2 types, one in production and business, i.e. output, revenue, profits, product development, production costs, and the other for management, including productivity, system administration, quality management, initiatives, etc., in which each subsidiary, company, unit and employee has their own KPI to fulfill the shared goals.

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The units were to keep on upgrading governance, promote the roles of their leadership teams, and enhance the functions of the professional departments (basic, specialized and business-related) in advising the Board of Directors; managing the production and business operations by giving consultation, supervision and training; boosting L&D activities to improve professional skills among staff, developing qualified people to meet the development strategy of their respective company and the Sub-holding as a whole.

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In the last 6 months of 2023, facing constant difficulties and challenges from the domestic economy, THACO INDUSTRIES subsidiaries and units commit continued efforts in all areas of production and business, expanding market and productivity, at the same time standardizing governance to improve competitiveness to strengthen their positions in the domestic and export markets.