Business

THACO targets sales of over 100,000 vehicles in 2025

In 2025, THACO will continue to expand the scale of investment in all six key production and business sectors including automotive, agriculture, mechanical engineering and supporting industries, investment - construction, trade – services, and logistics.

THACO Chairman Tran Ba Duong (Photo: VNA)
THACO Chairman Tran Ba Duong (Photo: VNA)

Hanoi (VNA) – Truong Hai Group Corporation (THACO) expects to achieve sales of over 100,000 vehicles to get revenue of about 80.85 trillion VND (3.2 billion USD) and exports of over 4,000 vehicles worth about 35 million USD this year, said its chairman Tran Ba Duong.

THACO AUTO - one of THACO’s subsidiaries operating in the field of automobile and motorcycle import, assembly and distribution – also eyes a target of 5.4 trillion VND in spare parts revenue. The group will invest 3.77 trillion VND in a new automotive R&D centre, develop 29 new products and expand the showroom system.

Duong said that in 2025, THACO will continue to expand the scale of investment in all six key production and business sectors including automotive, agriculture, mechanical engineering and supporting industries, investment - construction, trade – services, and logistics.

THACO AGRI will continue to expand its agricultural production on a large-scale industrial model with over 10,000 ha of banana, 4,000 ha of orchard, over 250,000 cows, and 190,000 pigs. Additionally, the group will invest 7.55 trillion VND in agricultural input production factories, fruit processing, and cold storage facilities in Cambodia, Laos, and the Central Highland province of Gia Lai.

THACO INDUSTRIES will efficiently operate its investment companies in the US and the Republic of Korea, boosting exports to North America, Australia, and Europe, targeting a revenue of 14.4 trillion VND, including 225 million USD from exports. It planned to pour an investment of 2.05 trillion VND this year.

THADICO (Dai Quang Minh) plans to commence 32 projects and complete 16 projects, including many constructions for THACO AUTO, THISO, and THACO INDUSTRIES. THADICO will invest 4.8 trillion VND and recruit an additionally 292 personnel.

THISO will continue to expand its integrated shopping centre model, implementing projects in Hanoi, Binh Duong, Dong Nai, and the southwestern region. It expects an revenue of 6.8 trillion VND, with an investment of 4.52 trillion VND.

Meanwhile, THILOGI will enhance logistics services with an international logistics centre in Chu Lai, invest in two container ships with a capacity of 1,800 TEU each.

THACO CHU LAI plays a crucial role in developing a multi-sector industrial ecosystem in the central province of Quang Nam. In 2025, the group will focus on investing about 3.6 trillion VND in infrastructure for industrial parks, urban areas, and seaports. It targets to contribute nearly 22 trillion VND to the Quang Nam provincial budget./.

VNA
#THACO AUTO #THACO #automotive #agriculture #mechanical engineering and supporting industries #investment - construction #trade – services #logistics
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