THACO INDUSTRIES holds Business and Management Plan Conference for 2024’s second half

On July 9, THACO INDUSTRIES convened a conference to chart out the operational and management plans for the second half of 2024. THACO Chairman Tran Ba Duong was in attendance and delivered a keynote address.

The conference reviewed THACO INDUSTRIES' strategies, production and business plans, and management initiatives for the second half of 2024, including those of its subsidiaries and affiliates. The Group will prioritize market expansion and the development of high-volume, high-value-added products to enhance competitiveness. With a revenue target of over VND 10,580 billion for 2024, the company aims to complete product lines and equipment.

In the second half of 2024, THACO INDUSTRIES will enhance management efficiency through systematic and scientific approaches. The operations team will play a more strategic role in consulting, supporting, training, and overseeing production and business activities. The company will accelerate digital transformation, establishing a digital management platform. Production processes will be optimized through a combined model to increase efficiency and specialization. Investments in technology upgrades will ensure adherence to quality and pricing standards that meet customer and market demands.

The THACO Chairman emphasized the critical importance of market immersion for management and production staff in the final six months of the year. He called for a shift in mindset to embrace a genuine business owner and manufacturer mentality. THACO INDUSTRIES will continue to support THACO’s core sectors like automotive and agriculture with specialized product development. To achieve this, the company must prioritize quality, cost, and time management while maintaining and expanding its manufacturing capabilities. He emphasized a robust approach to market research, product analysis, and capacity assessment is essential for developing new machinery and equipment to meet both internal and external demands.

Centralized management will optimize resource allocation and drive customer acquisition and market expansion. Investment projects must leverage technology to reduce costs while meeting customer and market demands.

In people development, the THACO Chairman emphasized the critical role of human capital development in the Group's growth. Leaders and managers were urged to prioritize their own development, demonstrate commitment, and foster a culture of mentorship. Employees were encouraged to cultivate a proactive and creative approach to their work. The Chairman stressed the paramount importance of responsibility, highlighting the interconnectedness of action, learning, and change.

Following this conference, business divisions, subsidiaries, and affiliated units will conduct meetings to communicate strategic direction, operational plans, and management guidelines to all employees.