This is the first commercial bus shipment of Thaco after more than 16 years of investment and development in the Vietnamese automotive industry.

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./.VNA