Vehicles assembled at a Thaco factory in Chu Lai Industrial Zone in Quang Nam

Thaco hopes to earn 21 million USD from exports of components and spare parts,an increase of 6.7 million USD from 2019.

This year, Thaco shipped 120 passenger carsto Myanmar.

Under a strategic cooperation agreement between Thaco and Kia Motors Corporation of the Republic of Korea (RoK), Thaco has becomea manufacturing and assembly centre of the Korean corporation in Southeast Asiato export vehicles and components to countries in the region. 

In September, Thaco inaugurated itsupgraded and expanded Thaco Kia factory at the Tam Hiep Industrial Zone in thecentral province of Quang Nam./.VNA