December 09, 2017 | 21:44 (GMT+7)
Thaco bus manufacturing plant inaugurated
The Truong Hai Auto Corporation (Thaco) inaugurated a bus manufacturing plant at Chu Lai - Truong Hai complex in the Central province of Quang Nam on December 8.
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Deputy PM Trinh Dinh Dung addressing the ceremony
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With the construction beginning in
September 2016, the facility had investment of VND 7 trillion (USD 308 million). Spanning 17 hectares, it is capable of producing 20,000 cars on an annual
basis. Eighty percent of the plant’s equipment was designed and made in Vietnam
by Thaco engineers, while Thaco buses have about 50 percent of their parts
manufactured domestically.
Speaking at the inauguration
ceremony, Deputy Prime Minister Trinh Dinh Dung stressed Thaco buses with high localization
proportion are in line with the national development strategy for auto
development toward 2025.
Dung requested the company improve
infrastructure and workforce capacity to reduce prices of products.
He said the Government is committed
to creating better policy serving the demand of auto firms during their
implementation of the national strategy for the sector.
On the occasion, Thaco signed
contracts to export 1,150 cars to Thailand,
Taiwan (China), the Philippines,
and Cambodia.
Source: VNA