THACO INDUSTRIES outlines Business and Management Plan for last 5 months of 2024 at units

During their two-day conference on August 6-7, THACO INDUSTRIES leadership team outlined operational and management strategies for the final five months of 2024. The meeting brought together the company's Board of Directors, executives, and staff from the Business, Pricing, Purchasing, Marketing, R&D, and Corporate Function divisions.

During the conference, department and division representatives outlined their operational and management plans for the final five months of 2024. Notably, the Business Division delivered their presentation on market and product development initiatives.

In his speech, Mr. Do Minh Tam, THACO INDUSTRIES President emphasized: To align with the Group's growth, the Business, Marketing, Purchasing, and Pricing Divisions must develop comprehensive, interconnected plans. The plans should involve meticulous demand analysis, market price forecasting, and financial resource allocation to seize opportunities and mitigate international business risks. Additionally, cultivating a workforce proficient in foreign languages is essential for enhancing negotiation and bargaining capabilities. Besides, the R&D Center and associated units must streamline processes for design, production, and material standards to optimize cost efficiency.

The President of THACO INDUSTRIES requested that the Corporate Function Departments would function as a strategic extension of the Group to its companies and units. This requires a comprehensive management approach, including regular evaluation of operational strengths and weaknesses to inform period-specific strategies and goals. Department leaders must foster a culture of continuous improvement, strategic thinking, decisive action, and clear role definition for all employees.