Thaco exports Vietnamese branded buses to Philippines
Truong Hai Auto Corporation (Thaco) held a ceremony in the central coastal province of Quang Nam on December 28 to hand over 15 Vietnamese branded buses for export to the Philippines.
This is the first commercial bus shipment of Thaco after more than 16 years of investment and development in the Vietnamese automotive industry. (Photo: VNA)
Quang Nam (VNA) – Truong Hai AutoCorporation (Thaco) held a ceremony in the central coastal province of QuangNam on December 28 to hand over 15 Vietnamese branded buses for export to thePhilippines.
This is the first commercial bus shipment ofThaco after more than 16 years of investment and development in the Vietnameseautomotive industry.
Since 2004, the firm has been studying,manufacturing and assembling buses, and continuously promoting investment inthe field to meet domestic and foreign market requirements.
To date, Thaco has provided over 17,000 busesfor the domestic market, accounting to 65 percent of the market share.
From 2017, Thaco and the Philippines’ AutodeltaCompany have conducted research and survey of the Philippine market to designand develop bus products according to customer requirements.
On May 16, 2019, Thaco completed two samplebuses to export to the Philippines for trial test, which received satisfactionfrom local customers.
The company has also signed a plan with thePhilippine counterpart to ship 200 buses to the market in 2020.
Tran Ba Duong, Chairman of Thaco’s Board ofDirectors, the company has set up a post-2018 strategy to join the globalvalue chain with the creation of international automobile brands manufacturedin Vietnam and export to ASEAN countries.
At the same time, it strives to promoteinvestment in building automobile assembly and supporting industry in QuangNam’s Chu Lai Open Economic Zone, which is competitive with regional countries.
Minister of Industry and Trade Tran Tuan Anhsaid the export of Vietnamese branded buses to the Philippines will pave theway for the shipment of automobiles originated from Vietnam and increase thesector’s regional and global integration.
Also on December 28, Thaco exported someautomobile spare parts to the Republic of Korea and Japan./.
Sales of automobiles saw a month-on-month decline of 19 percent to about 21,480 vehicles in August, according to the Vietnam Automobile Manufacturer Association (VAMA).
Truong Hai Auto Corporation (THACO) on September 14 inaugurated its upgraded and expanded Thaco KIA factory at the Tam Hiep Industrial Zone in the central province of Quang Nam.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
This is the first commercial bus shipment of Thaco after more than 16 years of investment and development in the Vietnamese automotive industry. (Photo: VNA) 
