Truong Hai Group

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Truong Hai Group Corporation
Native name
Công ty cổ phần Tập đoàn Trường Hải
FormerlyTruong Hai Auto Corporation
Company typeJoint stock
IndustryConglomegrate
FoundedApril 29, 1997; 29 years ago (1997-04-29) in Bien Hoa II Industrial Park, Biên Hoà, Đồng Nai Province[1]
FounderTrần Bá Dương[1]
HeadquartersSofic Tower, 10 Mai Chí Thọ Blvd, Thủ Thiêm, Thủ Đức,
Ho Chi Minh City
,
Vietnam
Key people
Trần Bá Dương (Chairman)[1]
Owner Ministry of Information and Communications (100%) stake
Number of employees
60,000[1]
Websitethacogroup.vn/en

Truong Hai Group Corporation (THACO; abbreviation for former name) (Vietnamese: Công ty cổ phần tập đoàn Trường Hải) is a Vietnamese conglomerate. The company is a member of the Vietnam Automobile Manufacturers Association (VAMA). It was founded in 1997 as Truong Hai Auto Corporation and is considered one of the pioneers of the Vietnamese auto industry.[2] In 2014, the company captured 32% of Vietnam's automobile market.[3] As of 2017, THACO owned the largest automobile production capacity in Vietnam, at 71,000 units per year owned by (100%) stake Ministry of Information and Communications.[4]

THACO's main products comprise family cars, light trucks, and buses. The company has a joint venture with Kia Motors to produce Kia-branded cars from its main factory, located in the Chu Lai Economic Zone.[5] It also produces and manufactures Mazda passenger cars, through its VinaMazda subsidiary. In 2020, the company entered the light motorcycle market.[6]

In 2021, THACO restructured to become a conglomerate corporation, then acquired the South Korea retail operations of e-mart in Vietnam market as part of the subsidiary of Thiso.[7]

Subsidiaries

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THACO has evolved into a multi-industry holding corporation which has 6 sub-holdings, i.e.

  • THACO AUTO (Automobiles)
  • THACO INDUSTRIES (Mechanics & Supporting Industries)[8]
  • THACO AGRI (Agriculture)
  • THADICO (Investment – Construction)
  • THISO (Commerce – Service)
  • THILOGI (Logistics)

Models

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File:Thaco Ollin 250 in Vietnam.jpg
Thaco Ollin 250 light truck in Khánh Hòa province, Vietnam
File:Thaco Hyundai HD270 in Nha Trang.JPG
Thaco Hyundai HD270 dump truck at a Petrolimex Gas station in Nha Trang, Khánh Hòa, Vietnam

References

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  11. ^ a b Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  12. ^ a b c Thaco Trucks
  13. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
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