Truong Hai Auto Corporation (Thaco) will pour nearly 3 billion USD into the Chu Lai Open Economic Zone in the central province of Quang Nam in the 2017-2021 period, lifting its total investment in the zone to 6 billion USD.
The Truong Hai Automobiles Joint Stock Company (THACO) will partner with the LS Mtron Corporation from the Republic of Korea to manufacture and distribute agricultural machines on the Vietnamese market.
The total number of automobiles sold in 2016 reached 304,427 units, the highest level recorded by Vietnam’s auto market in the past 20 years, the Vietnam Automobiles Manufacturers Association (VAMA) announced on January 11.
Truong Hai Auto Corporation (Thaco) plans to inject more than 2.1 trillion VND (94.5 million USD) into a project to produce buses with European emission standards.
Vietnamese people bought more than 24,400 cars in June, an increase of 31 percent compared with the same period last year, the Vietnam Automobile Manufacturers’ Association said.
Thaco will begin construction on the expansion of the Truong Hai-Chu Lai Mechanical Automobile Industrial Zone with an investment of 794 billion VND (35.3 million USD) in Quang Nam province.
Truong Hai Automobile Company (Thaco) rolled out the locally assembled Kia Sedona minivan at Chu Lai-Truong Hai Complex in the central coastal province of Quang Nam on October 29.
Vietnam’s automobile sales in September amounted to 21,366, up 32 percent from the same period last year, according to the Vietnam Automobile Manufacturers Association (VAMA).
Automobile sales in August dropped by 10 percent from the previous month to 18,236 units, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
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