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

On July 13, THADICO convened a conference to outline its business and management plans for the latter half of 2024. In attendance were THACO Chairman Tran Ba Duong, Board of Directors, and key representatives from THACO AUTO, THACO, THISO, and THILOGI. Over 600 employees from THADICO’s core and specialized departments, divisions, and subsidiaries including THADIDESIGN, THADICONS E&C, THADICONS A&I, Chu Lai Investment, and Sala Real Estate Operation Management also participated.

The conference reviewed THADICO and its subsidiaries' operational and management plans for the second half of 2024. To leverage the integration and complementarity among THACO's sub-holdings and address new legislative frameworks, including the Land, Housing, and Real Estate Business Law, THADICO emphasized the importance of timely adjustments. The company will proactively modify its strategies, operations, and governance to achieve 2024 objectives, lay the groundwork for the 2023-2027 five-year plan, and ensure overall goal attainment.

The primary goals outlined in THADICO's 2024 second-half plan include:

The transportation infrastructure, industrial parks, and urban developments in Chu Lai will focus on finalizing seaport operations. This includes expanding and upgrading Chu Lai port to accommodate 50,000-ton vessels and deepening the Ky Ha channel to 9.3 meters. Additionally, clearing work at the THACO Chu Lai Industrial Park will be completed.

Complete the artistic lighting installation on Ba Son (Thu Thiem 2) Bridge. Simultaneously, focus on legal and planning groundwork for Sala Urban Area projects.

Real estate efforts will concentrate on expediting legal processes for investment, land, and construction. Construction will commence on two key projects: the Tay Ho Tay Commercial Center in Hanoi and the Golf 1 Project in Da Lat. A new operational and management model will be implemented and refined, while the strategic importance of design is reassessed. Twelve projects will advance to the pre-construction phase, completing legal and conceptual design requirements for construction commencement in 2025, aligned with investment stages.

THADICO will restructure its organizational units into divisions dedicated to managing and executing investment and construction projects across the value chain. Management operations will be optimized and enhanced at three levels, with legal operations as the core. Finance and accounting functions will be integrated closely with investment and construction activities throughout the process. Subsidiaries will undergo restructuring to align their operational structures with the company’s new strategic phase.

At the meeting, the THACO Chairman declared THADICO's role as a leading Investment and Construction Group in this new era of growth. He underscored THADICO's continued responsibility to manage and operate transportation infrastructure, industrial parks, urban developments, and real estate projects within the THACO ecosystem. This integrated approach, he emphasized, will differentiate THACO and its Sub-holdings, driving a competitive edge.

The THACO Chairman commended THADICO employees for their positive outlook, adaptability, dedication to training, and integrity. He emphasized the importance of their contributions in creating real value within the Investment and Construction sector. The Chairman called for a continued commitment to embodying THADICO's spirit in every project, from start to completion.