THACO AUTO organizes business plan conference for second half of 2024

On July 6, THACO AUTO convened a conference at Thiskyhall in Thu Duc City to deploy the operational and management plan for the second half of 2024. This involved a comprehensive review of the achievements made in the first half of the year, followed by the development and implementation of strategies during the rest of 2024.

The conference boasted a distinguished list of attendees, including THACO's top leadership: Chairman Tran Ba Duong, Permanent Vice Chairman Nguyen Hung Minh, and President Pham Van Tai. Additionally, THACO AUTO's leadership team was well-represented, with the Permanent Vice Chairwoman Nguyen Thien My and President Nguyen Quang Bao. Department heads from both THACO's corporate functions and THACO AUTO's business and production divisions, along with representatives from head offices, regional offices (North & South), R&D centers, factories, and companies across Vietnam, all participated in this gathering.

Key topics included strategic direction, system governance updates, and a detailed breakdown of the production, business, and management plans for the remaining months of 2024 for THACO AUTO, as well as its Business and Production Divisions, and both the North and South regions.

2024 marks the second year of THACO AUTO's five-year strategy (2023-2027). Despite a challenging market environment, THACO AUTO has implemented a comprehensive restructuring program to streamline administration, improve efficiency, and enhance its overall management capabilities. Additionally, THACO AUTO has actively deployed comprehensive business solutions to achieve their set targets.

Speaking at the opening of the conference, THACO Chairman Tran Ba ​​Duong said: "THACO AUTO is THACO's core business line. Basically, THACO AUTO has formed a differentiated strategy, producing and trading all types of vehicles in all segments from mainstream to premium. THACO AUTO's value chain encompasses product research and development to production, distribution, and retail operations."

The THACO Chairman commented that: "The next six months of 2024 are likely to present a dynamic market landscape, with ongoing challenges in auto distribution and retail activities. And this is an opportune moment for THACO AUTO to focus on optimizing your management practices, developing the workforce, reinforcing your organizational structure at all levels, and training, especially within provincial companies."

“THACO AUTO's highly motivated and skilled workforce is fundamental to the success of its integrated business strategy in the future. The company will be offering the employees limitless opportunities for professional growth which is driven by their qualifications, dedication, and commitment to excellence - alongside the leadership team's strategic vision and focus on development. Ultimately, employees are empowered to set goals and cultivate a strong sense of responsibility, creating value for themselves, the company, and society as a whole," THACO Chairman added.

In her  address, THACO AUTO's Permanent Vice Chairwoman, Nguyen Thien My, outlined the company's business and management objectives for the latter half of 2024 within the context of THACO AUTO's long-term vision for the 2025-2027 period.

To ensure successful achievement of the goals set for the remaining months of 2024 and maintain alignment with the long-term vision of the five-year plan (2023-2027), THACO AUTO prioritizes company-wide unity and a commitment to collective action. Every team member is called upon to embody the spirit of 'dedicated service,' contributing to fostering a highly skilled and motivated workforce.

The THACO Chairman and Board of Directors have planned visits to provincial companies in the near future to assess firsthand facilities, management practices, and operational procedures, identifying opportunities to optimize efficiency across all THACO AUTO's operations.