Business

THACO inaugurates luxury car plant in Quang Nam

The Truong Hai Auto Corporation (THACO) inaugurated a plant manufacturing cars for luxury European brands and debuted the Peugeot Traveller model in the central province of Quang Nam on May 5.
THACO inaugurates luxury car plant in Quang Nam ảnh 1At the ceremony (Photo: VNA)
Quang Nam (VNA) – The Truong Hai Auto Corporation(THACO) inaugurated a plant manufacturing cars for luxury European brands anddebuted the Peugeot Traveller model in the central province of Quang Nam on May5.

Built at a total cost of 4.5 trillion VND (195.6 millionUSD), the plant sits on an area of 7.5ha and has a designed capacity of 20,000units per year.

Equipped with the latest technology by PSA Group, the plantwill assemble luxury European automobiles, including Peugeot, which willundergo strict inspection via a quality monitoring system connecting directly withPeugeot in France.

On the occasion, THACO introduced the Peugeot TravellerLuxury and Traveller Premium models.

The Peugeot Traveller Luxury is a seven-seater car equippedwith modern technology meeting the European New Car Assessment Programme’sfive-starred standard. Its retail price is 1.699 billion VND (734,000 USD).

THACO General Director Pham Van Tai said the plant isexpected to help popularise the Peugeot brand in Vietnam, vowing that THACOwill work closely with PSA to increase the rate of locally-made components tobring the best quality Peugeot autos to the market at affordable prices.-VNA
VNA
#Truong Hai Auto Corporation #THACO #Peugeot Traveller Luxury #Vietnamplus #Vietnam News Agency #PSA Group #Peugeot Traveller Premium
Follow VietnamPlus

Related News

Automobile sector accelerates economy in 2018

Automobile sector accelerates economy in 2018

Besides record-breaking achievements, the automobile industry was a growth highlight of Vietnam’s economy in 2018, particularly with the introduction of a made-in-Vietnam branded car.
Automobile market expands strongly in 2018

Automobile market expands strongly in 2018

Despite difficulties in the first half of 2018, the domestic automobile market saw impressive growth compared to the previous year with nearly 290,000 vehicles sold during the year, an annual rise of 5.8 percent.
Local car maker to export to ASEAN, US

Local car maker to export to ASEAN, US

The Truong Hai Automobile Company (Thaco) plans to export locally manufactured buses, cars and semi-trailers as well as spare parts and accessories to the US, Canada, Thailand, Singapore and the Philippines worth 60 million USD in 2019.

See more

The automatic ticketing system that uses electronic identification, authentication, biometric recognition and cashless payment for passengers on the Cat Linh-Ha Dong railway line in Hanoi. (Photo: VNA)

Cashless payments open gateway to financial inclusion

Cashless payments continued to grow rapidly in the first eight months of 2026. The number and value of cashless transactions rose 34.56% and 13.26% year-on-year, respectively, while online transactions increased 46.57% in number and 21.77% in value.

Ho Chi Minh City attracts more than 17.8 billion USD in FDI in the first nine months of 2026 (Illustrative image. Photo: VNA)

Ho Chi Minh City offers new destinations for FDI flows

The merger of Ho Chi Minh City with Binh Duong and Ba Ria-Vung Tau has opened up a larger development space, enabling the city to reshape its approach to attracting foreign investment. In particular, Resolution No. 10-NQ/TW of the Politburo sets out clear orientations for developing the foreign-invested economic sector, providing a basis for shifting the focus from the amount of investment capital to the quality of investment.

Vietnam exports about 1.4 million tonnes of coffee worth 6.54 billion USD in the first nine months of 2026. (Photo: VNA)

Vietnam seeks to boost value, expand markets for coffee sector

Acording to VICOFA, Vietnam needs to focus on exporting green coffee beans that meet EUDR criteria, particularly as compliance levels among some other producing countries remain low. At the same time, it should develop specialty and organic coffee lines as well as deeply processed products to serve the premium segment in Europe.

Part of Khanh Hoa province in central Vietnam (Photo: VNA)

Malaysian economist upbeat about Vietnam’s growth outlook

Among ASEAN’s “Fabulous Five”, namely Vietnam, Malaysia, Indonesia, Thailand and the Philippines, Vietnam demonstrates how industrial depth and effective investment can underpin rapid growth, Shan Saeed said, noting strong investment momentum.

Automobile production at the Honda Vietnam factory in Vinh Phuc ward, Phu Tho (Photo: VNA)

Vietnam’s auto market accelerates amid growing electrification trend

According to data released by PwC in late September, total vehicle sales across the six ASEAN-6 markets, namely Vietnam, Indonesia, Thailand, Malaysia, the Philippines and Singapore, reached about 1.755 million units in the first half of 2026, up 11% year on year. Vietnam recorded the highest sales growth in the group at 31.1%, followed by Indonesia at 15.9% and Thailand at 15.1%.

The headquarters of the Vietnam International Financial Centre in Da Nang (Photo: VNA))

VIFC-DN gradually establishes position on global financial centre map

According to Dang Dinh Duc, Standing Vice Chairman of the VIFC-DN Executive Agency, the ranking marks an important milestone, reflecting the foundations that VIFC-DN and Da Nang authorities are gradually building to connect with international capital flows, institutions and markets.

Quy Nhon Port, located in Quy Nhon Bay of Gia Lai province, offers highly favourable conditions for vessel anchoring and cargo handling throughout the year. (Photo: VNA)

Vietnam Logistics Forum 2026 to be held in early November

The Vietnam Logistics Forum 2026 will take place on November 6-7 in Gia Lai province, bringing together management agencies, local authorities, associations, experts and businesses to identify opportunities and challenges and discuss logistics development solutions suited to the new period.

VCCI Chairman Ho Sy Hung speaks at the Vietnam Corporate Sustainability Forum (VCSF) 2026 in Hanoi on October 5, 2026. (Photo: VNA)

Vietnam’s corporate sustainability forum calls for new growth paradigm

Breakthrough growth and sustainable development should be pursued as a shared journey in which the State creates an enabling environment, localities support businesses, enterprises take the pioneering role, science and technology provide momentum, and society as a whole participates.

Khanh Hoa province is rolling out infrastructure projects for the Van Phong Economic Zone. (Photo: VNA)

Khanh Hoa targets green, smart marine economy

The province aims for average annual GRDP growth of 11-12% during 2026-2030, with the digital economy accounting for 35% of GRDP and total factor productivity contributing more than 55% to growth. Labour productivity is expected to rise by an average of 11% annually.

Comb honey produced using Le Loc Quan’s interlocking-frame technique is well regarded for its quality and popular in the Korean market (Photo: VNA)

Scientific initiatives add value to Vietnamese farm produce

In 2026, the Vietnam Farmers’ Union (VFU) Central Committee honoured 42 “Scientists for Farmers” and presented 24 “Farmers’ technical innovation” awards for initiatives developed from practical production needs. The recognised works demonstrate the growing role of science and technology in improving production efficiency, increasing the value of farm produce and helping farmers access new markets.