THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Thaco inaugurates bus manufacturing plant in Quang Nam
VGP – The Truong Hai Auto Corporation (Thaco) held a ceremony in the central province of Quang Nam on December 8 to put into operation its bus manufacturing plant, Bus Thaco, which has a designed capacity of 20,000 buses per year.
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Photo: VGP/ Xuan Tuyen |
Work started on Bus Thaco in September 2016 at a total cost of roughly VND7 trillion (US$308 million). Planned to become the largest bus manufacturing plant in Southeast Asia, Bus Thaco, located at the Chu Lai Truong Hai Complex, has been invested with new and modern technological lines.
Together with the building of a new factory, THACO will also develop a new high-end bus line of Vietnamese brand, with a localization rate of over 60%, using Euro 4 engines and having the configuration and functions in line with traffic conditions and the Government’s regulations on transportation, aiming to meet the needs of customers and exports to ASEAN countries.
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Photo: VGP/ Xuan Tuyen |
Addressing the ceremony, Deputy Prime Minister Trinh Dinh Dung highly appreciated the significant outcomes reached by Quang Nam provinces and local businesses, whilst praising Thaco for its pioneering efforts to manufacture automobile products that bear the Vietnamese brand.
Thaco’s mastery of technology and production line of bus and other automobile products has contributed significantly to realizing the Government’s automotive industry development strategy, as well as boosting socio-economic development in Quang Nam province in particular and the central region as a whole, he stated.
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Photo: VGP/ Xuan Tuyen |
In 2014, the Government approved and issued the strategy and master plan for Viet Nam’s automobile industry development through 2025, with a vision toward 2035, with the objective of developing the automobile industry into a key industry that creates an important driver for the cause of national industrialization and modernization.
Implementing the strategy and master plan, Viet Nam’s automobile industry has obtained a number of significant outcomes over the past few years. The total automobile production and assemble reached over 460,000 cars per year, including a variety of categories of cars, trucks and buses.
Annually, the automobile industry contributes billions of U.S. dollars to the State budget and helps to create jobs for hundreds of thousands of direct laborers.
By Vien Nhu