After 27 years of establishment and development, THACO has become a multi-industry corporation, developing in key areas of the country's economy. Entering a new stage of development, THACO focuses on creating "true value", aiming for sustainable development in each industry.
Creating sustainable value in agriculture
According to the Ministry of Agriculture and Rural Development, in 2023, the GDP growth of the entire agricultural sector will reach 3.83%, the highest in recent years, contributing greatly to the growth of the economy. With bright spots and outstanding achievements, agriculture continues to affirm its important position and is the pillar of the economy, firmly ensuring food security, major economic balances and contributing to macroeconomic stability.
In the context of strong transformation of the entire agricultural sector in general, THACO has invested and taken advantage of its existing "industrial" strengths to focus on developing the agricultural sector with the mission of "Elevating Vietnamese agriculture". The core strategy of THACO AGRI (a member corporation of THACO) is large-scale agricultural production on an organic basis, managed by industrial methods across the value chain, applying mechanization, biotechnology and digitalization with a suitable roadmap.
Up to now, THACO AGRI has basically completed the large-scale agricultural production model on an area of 84,000 hectares in 3 countries: Vietnam, Laos, Cambodia, forming large-scale, integrated/circular agricultural production complexes, including: cultivation (bananas, pineapples, fruit trees, forestry trees), livestock (cows, pigs, fish and other livestock), food processing and production, agricultural materials and equipment.
By the end of 2023, THACO AGRI's total revenue will reach nearly 3,500 billion VND, the total herd of cows will reach nearly 79,000, the total herd of pigs will reach 58,000, and the production of animal feed will reach 84,000 tons. The Group's stable quality organic fruit products have been exported to many large consumption markets such as China, Japan, Korea... with a total output of 123,000 tons, reaching 85 million USD.
In the coming time, THACO AGRI will continue to invest in completing the model of a large-scale agricultural production complex on an organic basis in an integrated/circular direction; speed up investment projects in construction, new planting, and livestock breeding, creating a foundation for sustainable agricultural development.
In 2024, to meet production and business needs, THACO AGRI will recruit more than 12,600 employees to work at agricultural complexes in Vietnam, Laos and Cambodia.
Promoting the role of "locomotive" in the field of mechanics & supporting industry
THACO is also known as the “leading crane”, making important contributions to the country’s economic development. In particular, the fields of Mechanics and Supporting Industry are typical.
At the end of 2022, THACO established Truong Hai Industrial Group Company - THACO INDUSTRIES operating under the model of a large-scale, specialized industrial park, including: Research and Development Center (R&D), Mechanical Complex and 20 factories producing specialized equipment and spare parts with a total investment of more than 850 million USD, an area of 320 hectares and nearly 8,000 employees. To date, the Group has become a strategic partner of car manufacturers: Kia, Mazda, Peugeot, Toyota, Hyundai... Many mechanical products of THACO INDUSTRIES have been exported to more than 15 countries, typically the markets of North America, EU, Australia, ASEAN..., gradually affirming the capacity and position of Vietnamese brands in the global supply chain.
In addition to projects in THACO Chu Lai Industrial Park, THACO INDUSTRIES is studying the feasibility of investing in factories producing spare parts in the North and the Mechanical Engineering and Supporting Industry Center in the South. THACO INDUSTRIES's large investment network will create opportunities for businesses to participate in the supply chain in which the Group plays a pivotal role; gradually becoming a key link in the process of promoting the development of the mechanical engineering industry in Quang Nam, the Central region and the whole country.
“The Group continuously expands its scale, improves production capacity, invests in modern equipment and machinery, and transfers new technologies. All of this is aimed at improving product quality, increasing productivity and production and business efficiency, while creating added value and promoting sustainable industrial development in depth. In addition, in order to affirm and promote the role of creating fundamental values, THACO INDUSTRIES also provides solid platforms in technology, facilities and human resources to support businesses in realizing innovative ideas,” said the leader of THACO INDUSTRIES.
Mechanical engineering is considered a key industry, the basis and foundation for socio-economic development, especially for a country in the process of promoting industrialization and modernization like Vietnam. As a "leading" enterprise, THACO INDUSTRIES aims to build a mechanical and supporting industrial ecosystem with the goal of becoming the "nucleus" of regional connectivity and the growth engine for Vietnam's industry.
THACO INDUSTRIES focuses on recruiting a large number of engineers for the new R&D Center, aiming to further improve technology and production capacity.
Accordingly, in 2024, THACO INDUSTRIES will continue to recruit 980 employees, including more than 320 engineers for the R&D Center.
In the new development phase, THACO expects to continue to grow well in revenue and profit, increase domestic production value and boost exports, thereby creating more job opportunities for workers and making an increasingly large contribution to the State budget.
Source: https://thacogroup.vn/thaco-kien-tao-gia-tri-that-huong-toi-phat-trien-ben-vung
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